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
- Average rating of the user experience
- Average response time to customer support inquiries
- Average revenue per user (ARPU)
- Average time on page
- Average time spent in the app
- Average time to complete a transaction
- Average time to resolve a customer support issue
- Average time to resolve customer support issues
- Average transaction frequency per user
- Average transaction processing time
- Average transaction value
- Average user session length
- Bounce rate (percentage of users who leave the digital wallet after a single pageview)
- Churn rate
- Conversion rate
- Cost per acquisition (CPA)
- Cost per acquisition (CPA) for marketing campaigns
- Customer lifetime value (CLV)
- Customer satisfaction
- Engagement rate
- Net promoter score (NPS)
- Number of active integrations
- Number of active marketing campaigns
- Number of active partnerships
- Number of active users (defined as users who have conducted a transaction within a specified time period)
- Number of bug fixes
- Number of canceled recurring transactions
- Number of clicks on external links
- Number of countries represented among users
- Number of coupon or discount code partners
- Number of customer support inquiries
- Number of customer support inquiries resolved via self-service resources (e
- Number of disputed transactions
- Number of failed transactions
- Number of in-app purchases
- Number of integrations in development
- Number of loyalty program partners
- Number of media mentions
- Number of merchant-initiated transactions
- Number of merchants accepting the digital wallet as a payment method
- Number of new feature releases
- Number of pageviews
- Number of push notifications sent
- Number of ratings and reviews for customer support
- Number of ratings and reviews for the security and privacy of the digital wallet
- Number of ratings and reviews for the user experience
- Number of recurring transactions
- Number of rewards program partners
- Number of social media followers and interactions
- Number of successful transactions
- Number of supported currencies
- Number of supported languages
- Number of transactions
- Number of unique devices used to access the wallet
- Number of user accounts linked to the digital wallet
- Number of user reviews and ratings
- Number of user-initiated transactions
- Number of user-reported issues
- Number of user-requested features
- Number of users
- Number of users who have added a boarding pass
- Number of users who have added a business card
- Number of users who have added a coupon or discount code
- Number of users who have added a driver’s license or other government-issued ID
- Number of users who have added a gift card
- Number of users who have added a loyalty program card
- Number of users who have added a membership card
- Number of users who have added a personal or custom card
- Number of users who have added a personalized or custom card
- Number of users who have added a reward program card
- Number of users who have added a student ID or other identification card
- Number of users who have added a ticket or pass for an event or attraction
- Number of users who have added a transit card
- Number of users who have added a transit pass
- Number of users who have enabled push notifications
- Number of users who have linked a bank account
- Number of users who have linked a coupon or discount code account
- Number of users who have linked a credit or debit card
- Number of users who have linked a cryptocurrency account
- Number of users who have linked a loyalty program account
- Number of users who have linked a rewards program account
- Number of website referrals
- Percentage of customer support inquiries resolved on the first attempt
- Percentage of customer support inquiries resolved via email
- Percentage of customer support inquiries resolved via live chat
- Percentage of customer support inquiries resolved via phone
- Percentage of transactions that are peer-to-peer (P2P) versus merchant transactions
- Percentage of users who have added a payment method
- Percentage of users who have completed identity verification
- Percentage of users who have granted permissions for app functionality (e
- Percentage of users who have linked a loyalty program account
- Referral rate
- Retention rate
- Return on investment (ROI) for marketing campaigns
- Return on investment (ROI) of marketing campaigns
- Security incident rate
- Transaction volume
- 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.