Paytm, A digital payments and commerce platform has made itself a strong Internet brand, mostly on the back of its digital wallet. Leading the cashless charge in the digital wallet industry, this app has increased its lead over its other mobile wallets (e.g. MobiKwik, Free charge and account-to-account money transfer apps (e.g. UPI). The increasing penchant of Mobile wallets has soon made it a compelling need towards cashless payments. Following which, many competitors have started reaping the rich benefits of this everlasting fad by developing similar kind of mobile wallet apps. If you’re among those and rummaging for a similar kind of m wallet app development, here is a breakdown of some of the major factors which determine the cost of the app.

HOW MUCH DOES IT COST TO DEVELOP A
MOBILE WALLET APP LIKE PAYTM?

how-much-does-it-cost-to-develop-a-mobile-wallet-app-like-paytm
usa

USA

$ 120/hr

$ 38400

usa

Australia

AUD 130/hr

AUD 41600

usa

India

$ 40/hr

$ 12800

usa

Europe

€ 100/hr

€ 32000

usa

NEW ZEALAND

NZD 140/hr

NZD 44800

  • 8 Weeks
  • 5 Days/Weeks 40 Days
  • 320 Hours 8 Hours/Day

THE MAJOR COST DETERMINANTS OF DEVELOPING MOBILE
WALLET APP LIKE PAYTM

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UI and UX

App UI and UX Design

The biggest determinant of success is insane customer delight that generates word of
mouth. A good UX is what separates successful apps from unsuccessful ones and
plays a vital role in seeking a quick attention of users and keeping them engaged for a
longer time. Make sure, the app should be easy-to-use, no-brainer, and de-cluttered.
For this, if it hurts your pockets extra, it’s worthy enough.

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App Platform

App Platform (Android, iPhone)

The cost of building an app depends upon the platforms you want to get build. The
more platforms you wish to support, the more would be the app development charge.
Generally, Android App development costs more than iOS app. And taking into
account, there are more users of Android than iOS, we would prefer you to start with
Android app first.

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Features &
Functionalities

App Features and Functionalities

The app cost remains dynamic just because of the app features. App development
cost increases with the complexities of the features involved. Here are the key features
that largely affect the costs.

TAKE A TOUR TO THE KEY FEATURES OF PAYTM

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User App:

  • Sign-up/Login through email and mobile number with OTP.
  • Create User profile with transaction history.
  • User can add money to their Paytm Wallet using net banking, credit/debit cards.
  • User can send money to other person/merchant’s Paytm wallet by scanning QR
    codes or phone numbers.
  • User can pay utility bills such as gas, water, landline, broadband and electricity bills.
  • User can recharge mobile phones, DTH, data card, Metro, broadband on-the-go.
  • Users can quickly pay utility bill, insurance, loan & education fee payment.
  • Book tickets for movies, trains, buses, events, amusement parks, international
    flights etc.
  • eCommerce marketplace for almost everything.
  • Coupon code, gift cards, offers, super value deals, cash back.
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Admin Panel:

  • User management
  • Wallet management
  • Digital payments module
  • Coupon code, offers & cashback module
  • Customer support & feedback module

GET A QUOTE FOR THE CUSTOM FEATURES YOU WANT IN THE
MOBILE WALLET APP LIKE PAYTM, MOBIKWIK OR FREECHARGE

Do you have any other feature additions? You are free to add your own functionalities. OR Want to remove some features from the above
list. It’s your wish again!