Posted By : Ambesh Mishra, Posted Date : May 31, 2024
At present, the use of online transactions has increased a lot. The reason behind this is that they provide us with a safe, easy, and fast means of transacting. The advantage of using a good money transfer application is that we do not need to carry cash and cards with us. In earlier times, one had to put in a lot of effort to send money to someone. Meanwhile, there was always the fear of theft or loss of money, but today’s online transaction applications have removed these worries.
Now, the majority of people use a money transfer application for making transactions. One such app is PhonePe, which is used by millions of people every day. In this blog, we will provide you with some crucial information about PhonePe mobile app technology and how to create wallet app like PhonePe with the help of Duplex Technologies.
PhonePe is a private company that works with a unified payment interface. This application was launched in 2015. Three people are behind its construction – Burzin Engineer, Rahul Chari, and Sameer Nigam. This app works on mobile devices so that money can be transferred between two bank accounts. The number from which the person is transacting money must be linked to the bank account. By 2018, ten million people had started using PhonePe on their mobiles. Its total valuation by 2022 will be $206 million.
If you are eager to create an app like PhonePe mobile app technology, then first you should register your company as a legal entity, and then you have to decide your budget or the cost of making app like PhonePe.
If you do not have any knowledge related to this field, then hire a mobile app development company that can provide you with skilled developers.
After this, you have to choose the right technology stack. The technology stack consists of the programming language, database, user interface, and other essential things used to build an app like PhonePe. Next comes the feature part. Features refer to the attributes that are used by the customers. For your understanding, we present to you the breakdown of various parameters needed to build an app like PhonePe:
PhonePeapp design cost |
$30,000-$40,000 |
Cost of UI/UX |
$800-$10,000 |
Cost of designing template |
$600-$2700 |
Cost of frontend and backend |
$6000-$11,000 |
Here are some key points on how to design PhonePe like app:
Deployment: Launch your application so that users can start using it.
To build an app like PhonePe, you must include these features in your application. Adding these features will help attract a wider audience:
Security: Authentication through biometric, fingerprint, or face, and fraud detection.
mobile app developers |
UI/UX designer |
Project manager |
DevOps engineer |
Front end developer |
Web developer |
Back end developer |
Business analyst |
If you are looking for dedicated mobile app developers who can develop a money transfer application like PhonePe, then you are at the perfect place. Duplex Technologies provides a convenient e wallet app development cost to its customers. Our team comprises excellent UI/UX designers, frontend and backend developers, MernStack developers, and various designers. Along with this, we also provide other services such as enterprise resource planning, custom development, game app development, and other web related services.
Ready to build an app similar to PhonePe? Then, without further delay, hire expert mobile app developers from Duplex Technologies. Our mobile app development company will provide you with the convenient cost of making app like PhonePe. Call us at +91-9452000089 for more information.
We are delivering business solutions at every stage.
We would be happy to discuss your idea or project with you in person.