The application is an effective all-in-one program for preparing a budget, tracking expenditures and getting smart about money. Users can connect all of their bank accounts to the wallet. The app also tracks monthly bills, making it easier for users to regulate their pocket, zoomit.ir reported.
Mahak also lets users know when bills are due and how much they need to pay. The app can also send the user payment reminders so they can avoid late fees and possible penalties.
Based on spending habits, Mahak even gives users specific advice to gain more control over their budget, according to Financial Tribune.
The application is currently available for Android and iOS users. People can have a free access to a demo version of the application, through the local app stores, Cafe Bazaar and Sibapp, and the Mahak’s website mahakwallet.ir.
For using all the services offered by Mahak, users should pay 100,000 rials (80 cents).
Several other e-wallets have been launched in Iran like Dakhl-o-Kharj offering similar services.