Even celebrities have chimed in on the popularity of these apps.
"Today, if you own a smartphone, you're carrying a 24-7 singles bar in your pocket," wrote American actor and comedian Aziz Ansari in an essay for Time Magazine.
Phua founded Paktor after he was dumped from an eight-year long relationship, and decided to take matters directly into his own hands.
He said that mobile dating benefits users by helping them meet people from a larger network which "increases the chances of connecting with meeting that special someone." "You can also initiate conversation with more people in a shorter period of time [rather than] physically meeting all these people," added Phua.
Mobile dating can also help those who are more nervous.
"You get notifications about people you've swiped right (liked) getting gifts, and asking if you'd like to buy her a gift as well, this turns it into a competition which is childish," said Ali.
In response, Paktor's spokesperson said "these [features] are all attempts to make the dating process fun and not so 'stuffy'." "The leaderboard [is] actually one of the most popular feature on the application, it's a discovery tool rather than a game," said the spokesperson.
"In fact, we often receive enquiries on how users can be featured on the leaderboard." Ali told CNBC that he has had more luck with 'matches' on Tinder which he claimed has a more diverse user base."Of course, there are some strange users to be found on Tinder," said Ali, who explained that he has come across Tinder profiles where users are very open about their sexual fetishes.The app also has a offline date-guarantee program for premium subscribers.In the event that the member does not manage to score an actual date after three months of following the program's guidelines, Paktor will provide the member with a further three months of subscription for free. Serial dating-app user, Matthew Ali (not his real name), shared that he has not gotten much luck on Paktor and prefers Tinder."In some ways, I find Paktor a bit kitschy and childish," said Ali in a CNBC interview.He points to the Paktor Leaderboards where the most popular female and male users are ranked and Paktor's 'gift-giving' culture.