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How much does it cost to make your own mobile E-wallet like PayTM_

Today the world has changed a lot and people have switched to the digital world. It took a long time for people to move from traditional shopping routes to the digital ways of online shopping. Looking at the global epidemic, the ongoing digital transformation is set to change steadily. The reason why payment methods are also going digital these days is the need to develop an e-wallet, for which a dedicated android, ios mobile app developer in USA has to be hired.<br>

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How much does it cost to make your own mobile E-wallet like PayTM_

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  1. 11/05/2021 Application development - How much does it cost to make your own mobile E-wallet like PayTM? Application development Home blogs How much does it cost to make your own mobile E- wallet Today the world has changed a lot and people have switched to the digital world. It took a long time for people to move from traditional shopping routes to the digital ways of online shopping. Looking at the global epidemic, the ongoing digital transformation is set to change steadily. The reason why payment methods are also going digital these days is the need to develop an e-wallet, for which a dedicated android, ios mobile app developer in USA has to be hired. The world is watching the e-wallet mobile app that sets a new record every day. Today people prefer to use internet banking / mobile banking or pay by any credit card or debit card, which is a fast payment method. PhonePe, MobiKwik, Paytm, and some successful e-wallet applications. You need to hire a trusted mobile app development services companytogettheappswiththebestfeaturestoenablecustomerengagement https://sites.google.com/view/app-development-solutions/blogs/mobile-app-development/how-much-does-it-cost-to-make-your-own-mobile-e-wallet-lik… 1/5

  2. 11/05/2021 company to get the apps with the best features to enable customer engagement. Application development Application development - How much does it cost to make your own mobile E-wallet like PayTM? Home blogs USES of E-Wallet Multiple companies have developed their wallets like Amazon Pay, Google Pay, Apple Pay and they earn their revenue through every transaction they make through their wallet. Therefore every company gives customers various lucrative offers for using their wallets. Below are some of the benefits of using an e-wallet: 1. Wallet developers give their customers many offers such as cashback, free coupons for dinner or shopping, or any service. Therefore, customers will be rewarded for many transactions through wallets. 2. Wallets are not just for shopping, electricity charge, mobile recharge, booking train or plane tickets, TV recharge, gas booking, etc. can be done easily through these wallets. 3. When paying through these wallets the customer will have a record of all transactions made in a month by default so that the monthly budget can be maintained. 4. Customers can easily make payments after adding bank details to these wallets and it will also be in fast mode. This is much more convenient than using credit or debit cards. 5. All the details entered are in encrypted form so they are considered as Sage Payment Gateway and users can always set biometric locks or passwords to give them an extra layer of security. Exactly how much does it cost to develop an E-Wallet app? The total cost of creating a basic e-wallet app will cost you approximately $ 20,000 to $ 50,000. However, if you are looking to build an advanced application with complex features like Alipay and PayPal, it will cost between $ 90,000 and $ 150,000. E-wallet app development cost for Android The total cost of creating an e-wallet app for the Android platform ranges from $ 20,000 to $45,000. However, to build an advanced application like Google Pay or Alipay, it can cost between $ 80,000 and 000 to 150,000. E-wallet app development cost for iOS Creating an e-wallet app for the iOS platform costs approximately 25,000 to 55,000. However, it costs between $100,000 and $150,000 to create an advanced application such as PayPal or Alipay. E-wallet web application development cost An e-wallet web application or website has fewer features compared to a full-fledged mobilewalletapp Italsorequireslesstimeandapplicationdevelopmentmembers So https://sites.google.com/view/app-development-solutions/blogs/mobile-app-development/how-much-does-it-cost-to-make-your-own-mobile-e-wallet-lik… 2/5

  3. 11/05/2021 mobile wallet app. It also requires less time and application development members. So, the total cost to build an e-wallet website is between $ 25,000 and $ 50,000. Application development Application development - How much does it cost to make your own mobile E-wallet like PayTM? Home blogs Features of E-Wallet Application Easy to understand and interactive UI: The user interface has always been a key part of the business perspective to gain user attraction towards the application. So attractive UI makes it easy for users to take a look. Registration Feature: This feature allows the user to register in the application. The user can register using phone or email. The user then needs to verify the account and the user can proceed after the account is verified. Integration Bank Account: The user can instantly integrate their authorized bank account with the digital wallet account. Using credit/debit card or net banking. Wallet Topup / Add Money: The customer can add money to the wallet from the respective integrated bank. That money is reflected in the wallet after it is added. Send money: The user can transfer money in different ways. This transfer takes some specific information about the entire operational receiver. The money can be transferred to a bank account or another wallet. Passbook Feature: This feature allows the user to check the wallet amount and even a recent transaction. Receive payment: Users can receive payments from users associated with the app. Bind bills: This app allows the user to pay various bills using high functionality and can get the bill details associated with the app number. Invoices and Receipts: After each transaction, the receipt or invoice should be sent to the customer in a registered contact. Scan to pay: Each registered user is assigned a QR code. That QR code safely contains some useful information. After scanning this QR code the user can pay for affiliate users. https://sites.google.com/view/app-development-solutions/blogs/mobile-app-development/how-much-does-it-cost-to-make-your-own-mobile-e-wallet-lik… 3/5

  4. 11/05/2021 Application development - How much does it cost to make your own mobile E-wallet like PayTM? Offers and Promotions: Offers are a profitable activity from a business perspective to improve the audience, the administrator will be able to add related offers and the user can use the benefits associated with that offer. Application development Home blogs Recommended: How much Does it Cost to Develop a Mobile App Factors affecting the cost of an e-wallet app You need to know that the geography of your chosen e-wallet Mobile App development company in USA plays a key role in determining the final price of your app. E-wallet app developer charges vary considerably in different countries (see image). For example, US app developers have a higher price (up to $ 250 / hour) (up to $ 250 / hour) compared to their counterparts in Asian countries such as India. Apart from this, many other factors also affect the final cost of the mobile wallet app. These include app design, features, complexity, overall development hours, support platforms (Android, iOS or both), developer experience, and more. Ready to turn your app idea into reality? Creating a quality e-wallet app requires time, skills, dedicated resources and effort. Now that you know all the key aspects of eValet app development, it's time to hire an expert iOS and Android app development company to get a fully functional e-wallet solution. https://sites.google.com/view/app-development-solutions/blogs/mobile-app-development/how-much-does-it-cost-to-make-your-own-mobile-e-wallet-lik… 4/5

  5. 11/05/2021 Application development - How much does it cost to make your own mobile E-wallet like PayTM? Application development Home blogs https://sites.google.com/view/app-development-solutions/blogs/mobile-app-development/how-much-does-it-cost-to-make-your-own-mobile-e-wallet-lik… 5/5

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