How much does it cost to build an app like PhonePe and features

Want to build an app like PhonePe at a pocket-friendly e wallet app development cost? Then, connect with Duplex Technologies at +91-9452000089.

Best PhonePe app design company | Pocket-friendly e wallet app development cost

How much does it cost to build an app like PhonePe and features

Posted By : Ambesh Mishra,  Posted Date : May 31, 2024

Introduction: PhonePe App Development

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.

About PhonePe

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.

How to create wallet app like PhonePe?

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

How to create wallet app like PhonePe

Here are some key points on how to design PhonePe like app:

  • Research various platforms: Thoroughly research various money transaction applications. 
  • Multiple platforms: The money transfer mobile application should be able to run on multiple platforms like Android, iOS, and Windows.
  • Designing the app: The mobile application that you are going to develop should have an appealing look. It will help to engage a wider audience.
  • Technology stack: Choosing the right stack for PhonePeapp design is very crucial, as it will determine the overall functionality of your app.
  • Size of app: The size of the mobile application depends on the number of features used in the app.
  • App development company: Hire skilled mobile app developers from a well established application development company. 
  • Budget: Decide the overall e wallet app development cost
  • Performance: Test the performance of PhonePemobile app technology on various platforms.

Deployment: Launch your application so that users can start using it.

Features required for PhonePe app design

To build an app like PhonePe, you must include these features in your application. Adding these features will help attract a wider audience:

  • User profile: It allows the users to register their bank accounts and create a PIN or password using this feature.
  • Send/Receive money: Users can send and receive money through various methods, like bank account number, transfers through credit or debit card, mobile number, or email address.
  • QR code: It allows users to scan the barcode of an bank account.
  • Access control: Users can access their PhonePe accounts using their OTP, phone number, or email address.
  • Push notifications: This feature will notify the users about various updates and offers.
  • Transaction history: Users can keep track of their previous transaction or payments.
  • Ratings and reviews: This feature increases transparency among the customers.
  • In-app messaging: Users can chat while paying money to someone.

Security: Authentication through biometric, fingerprint, or face, and fraud detection.

Admin panel feature

  • Add feature
  • Block feature
  • Cash reporting
  • User data control
  • Analytics

Team required to build an app like PhonePe

mobile app developers

UI/UX designer

Project manager

DevOps engineer

Front end developer

Web developer

Back end developer

Business analyst

Technology stack needed for PhonePemobile app technology

  • Frontend: React.js, Tailwind CSS
  • Analytics: Google analytics
  • Database: MongoDB
  • Payment gateway: Square API
  • Back end: Node.js, Express.js
  • Framework: Mgento for desktop, Laravel for mobile
  • Language: JAVA, HTML, CSS
  • Storage: Amazon cloud storage
  • Location: Google maps
  • User location: Core location

Why choose Duplex Technologies for mobile app development?

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.

Contact Duplex Technologies for PhonePe app design

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.

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FAQs Related To How much does it cost to build an app like PhonePe and features

PhonePe is a mobile application that works with a unified payment interface. It is used to transfer money between two accounts.

A front-end developer can charge between $6000-$10000 to develop an application like PhonePe.

Developing a digital wallet application like PhonePe costs around $30,000 to $40,000.

To create an e wallet app like PhonePe, you have to contact a well experienced mobile app development company like Duplex Technologies.

Sending or receiving money, QR scanning, push notification, and account history are some of the main features of e wallet app like PhonePe

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