Understanding the KPIs for digital wallet marketing

Blockchain technology has revolutionized the way we exchange information and value, enabling the creation of decentralized systems that are secure, transparent, and immutable. One important aspect of the blockchain ecosystem is the use of digital wallets to store, send, and receive cryptocurrencies and other digital assets.

As with any product or service, it is important to track and measure the performance of blockchain wallets in order to understand how well they are being received by users and to identify areas for improvement. In this article, we will explore some key performance indicators (KPIs) that can be used to measure the success of wallet marketing efforts in the blockchain space.

Top 100 KPIs for digital wallet marketing

  1. Average rating of the user experience
  2. Average response time to customer support inquiries
  3. Average revenue per user (ARPU)
  4. Average time on page
  5. Average time spent in the app
  6. Average time to complete a transaction
  7. Average time to resolve a customer support issue
  8. Average time to resolve customer support issues
  9. Average transaction frequency per user
  10. Average transaction processing time
  11. Average transaction value
  12. Average user session length
  13. Bounce rate (percentage of users who leave the digital wallet after a single pageview)
  14. Churn rate
  15. Conversion rate
  16. Cost per acquisition (CPA)
  17. Cost per acquisition (CPA) for marketing campaigns
  18. Customer lifetime value (CLV)
  19. Customer satisfaction
  20. Engagement rate
  21. Net promoter score (NPS)
  22. Number of active integrations
  23. Number of active marketing campaigns
  24. Number of active partnerships
  25. Number of active users (defined as users who have conducted a transaction within a specified time period)
  26. Number of bug fixes
  27. Number of canceled recurring transactions
  28. Number of clicks on external links
  29. Number of countries represented among users
  30. Number of coupon or discount code partners
  31. Number of customer support inquiries
  32. Number of customer support inquiries resolved via self-service resources (e
  33. Number of disputed transactions
  34. Number of failed transactions
  35. Number of in-app purchases
  36. Number of integrations in development
  37. Number of loyalty program partners
  38. Number of media mentions
  39. Number of merchant-initiated transactions
  40. Number of merchants accepting the digital wallet as a payment method
  41. Number of new feature releases
  42. Number of pageviews
  43. Number of push notifications sent
  44. Number of ratings and reviews for customer support
  45. Number of ratings and reviews for the security and privacy of the digital wallet
  46. Number of ratings and reviews for the user experience
  47. Number of recurring transactions
  48. Number of rewards program partners
  49. Number of social media followers and interactions
  50. Number of successful transactions
  51. Number of supported currencies
  52. Number of supported languages
  53. Number of transactions
  54. Number of unique devices used to access the wallet
  55. Number of user accounts linked to the digital wallet
  56. Number of user reviews and ratings
  57. Number of user-initiated transactions
  58. Number of user-reported issues
  59. Number of user-requested features
  60. Number of users
  61. Number of users who have added a boarding pass
  62. Number of users who have added a business card
  63. Number of users who have added a coupon or discount code
  64. Number of users who have added a driver’s license or other government-issued ID
  65. Number of users who have added a gift card
  66. Number of users who have added a loyalty program card
  67. Number of users who have added a membership card
  68. Number of users who have added a personal or custom card
  69. Number of users who have added a personalized or custom card
  70. Number of users who have added a reward program card
  71. Number of users who have added a student ID or other identification card
  72. Number of users who have added a ticket or pass for an event or attraction
  73. Number of users who have added a transit card
  74. Number of users who have added a transit pass
  75. Number of users who have enabled push notifications
  76. Number of users who have linked a bank account
  77. Number of users who have linked a coupon or discount code account
  78. Number of users who have linked a credit or debit card
  79. Number of users who have linked a cryptocurrency account
  80. Number of users who have linked a loyalty program account
  81. Number of users who have linked a rewards program account
  82. Number of website referrals
  83. Percentage of customer support inquiries resolved on the first attempt
  84. Percentage of customer support inquiries resolved via email
  85. Percentage of customer support inquiries resolved via live chat
  86. Percentage of customer support inquiries resolved via phone
  87. Percentage of transactions that are peer-to-peer (P2P) versus merchant transactions
  88. Percentage of users who have added a payment method
  89. Percentage of users who have completed identity verification
  90. Percentage of users who have granted permissions for app functionality (e
  91. Percentage of users who have linked a loyalty program account
  92. Referral rate
  93. Retention rate
  94. Return on investment (ROI) for marketing campaigns
  95. Return on investment (ROI) of marketing campaigns
  96. Security incident rate
  97. Transaction volume
  98. User acquisition cost (UAC)

Explaining the most important KPIs for digital wallet marketing

Average rating of customer support

The average rating of customer support is a metric that can be used to measure the satisfaction of users with the customer support provided by a digital wallet. It is typically calculated by averaging the ratings given by users who have interacted with customer support, either through a survey, review, or some other form of feedback. The rating may be based on a scale, such as a 1-5 star rating system, or it may be a numerical score.

This KPI is important because it can provide insight into the quality and effectiveness of the customer support provided by the digital wallet. A high average rating of customer support may indicate that users are generally satisfied with the assistance they receive, while a low rating may suggest that there are areas for improvement in the customer support process. By tracking this KPI over time, a digital wallet can identify trends and patterns in customer satisfaction and take steps to improve the customer support experience as needed.

Note: this a KPIs important for the owners of the digital wallet. (Example: Metamask or Phantom Wallet)

Average rating of the digital wallet

The average rating of the digital wallet is a metric that measures the overall satisfaction of users with the digital wallet. It is typically calculated by averaging the ratings given by users who have interacted with the digital wallet, either through a survey, review, or some other form of feedback. The rating may be based on a scale, such as a 1-5 star rating system, or it may be a numerical score.

This KPI is important because it can provide insight into the overall performance and quality of the digital wallet. A high average rating may indicate that users are generally satisfied with the digital wallet and its features, while a low rating may suggest that there are areas for improvement in the user experience. By tracking this KPI over time, a digital wallet can identify trends and patterns in user satisfaction and take steps to improve the digital wallet as needed.

Note: this a KPIs important for the owners of the digital wallet. (Example: Metamask or Phantom Wallet)

Average rating of the security and privacy of the digital wallet

The average rating of the security and privacy of the digital wallet is a metric that measures the overall satisfaction of users with the security and privacy measures implemented by the digital wallet.

This KPI is important because it can provide insight into the perceived security and privacy of the digital wallet. A high average rating may indicate that users feel confident in the security and privacy measures implemented by the digital wallet, while a low rating may suggest that there are areas for improvement in these areas. By tracking this KPI over time, a digital wallet can identify trends and patterns in user satisfaction with security and privacy and take steps to improve as needed. This can help to build user trust and confidence in the digital wallet.

Note: this a KPIs important for the owners of the digital wallet. (Example: Metamask or Phantom Wallet)