Cost to Build an app like MobiKwik E-wallet and financial services

Looking for a company with excellent mobile app developers who can build an app like MobiKwik? Then, connect with Duplex Technologies at +91-9452000089.

How much does it cost to Build an app like MobiKwik | E-wallet and financial services App

MobiKwik E-wallet and financial services

Posted By : Deepank Joshi,  Posted Date : Jun 11, 2024

Introduction to MobiKwik E-wallet App

As our technology progresses, everything is becoming more easily available than before. In ancient times, people practiced the barter system. After some time, people started using gold and silver coins to purchase something new. Years later, the use of paper money came into action and now people use online platforms for making transactions. Today, almost every person uses mobile software that can help them transfer money. One such app is MobiKwik, which is used by millions of people every day. In this blog, you will learn about MobiKwik mobile app technology and how to create wallet app like MobiKwik with the help of Duplex Technologies.

About MobiKwik

MobiKwik is a private e-commerce company established in 2009 by Bipin Preet Singh and Upasana Taku.This app acts like a type of digital wallet. People can keep their money in this digital wallet and use it for many purposes, like mobile recharge, DTH recharge, and bill payments. After some time, developers also added facilities like loans, mutual funds, fire insurance, accident insurance, and money transfers. The MobiKwik application is currently used by 55 million people and has partnerships with Uber and Google.

 

How to create wallet app like MobiKwik?

To establish an application, like MobiKwik mobile app technology, first you should register your company as a legal entity. Next, you should decide the particular cost of making app like MobiKwik

After this, you have to contact a well reputed mobile app development company that can provide you with some skilled developers.

Now, you have to select the right technology stack, because it is the building block of your application, as it consists of the programming language, database, user interface, and other essential things used to build an app like MobiKwik. At last, make a list of features that you want to display to your customers. For better understanding, here is the disintegration of various parameters required for developing an app like MobiKwik:

MobiKwik app 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 MobiKwik

Here are some essential factors on how to design MobiKwik like app:

  • Research various platforms: Keenly research various popular money transaction applications.  
  • Multiple platforms: Your application should work on various platforms, like Android, iOS, and Windows, so that anyone can use it easily.
  • Designing of app: The money transfer application that you are going to develop should be attractive so that it will gain a large audience.
  • Technology stack: Select a good technology stack for MobiKwik app design because it will decide, the overall performance 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 an experienced application development company that can provide you with skilled mobile app developers
  • Budget: Decide the overall e wallet app development cost
  • Performance: After completion, you have to test the performance of MobiKwik mobile app technology on various platforms like Android, iOS, or Windows.
  • Deployment: Launch your application so that the customers can start using it.

Features required for MobiKwik app design

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

  • User profile: Users can register their bank accounts and create a PIN or password using this feature.
  • Send/Receive money: Users can send money through various methods, like fund transfers using bank account number, transfers through credit or debit card, mobile number, or email address.
  • QR code: It allows users to scan any bank account related barcode.
  • Access control: Users can access their MobiKwik accounts using their OTP, phone number, or email address.
  • Push notifications: It notifies users about various updates and offers.
  • Transaction history: Users can keep a check of their previous transactions.
  • Ratings and reviews: It allows the consumers to rate their experience.
  • 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 MobiKwik

mobile app developers

UI/UX designer

Project manager

DevOps engineer

Front end developer

Web developer

Back end developer

Business analyst

Technology stack needed for MobiKwik mobile 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?

Duplex Technologies is a well established mobile app development company with expert mobile app developers. We are highly suitable for developing a money transfer application like MobiKwik. Our company provides budget-friendly e wallet app development cost to our customers. The team at Duplex Technologies consists of expert UI/UX designers, frontend and backend developers, mern stack developers, and various other 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 to build an app like MobiKwik

If you have made up your mind to build an app similar to MobiKwik, then hire expert mobile app developers from Duplex Technologies. Our leading mobile app development company will help you learn how to create wallet app like MobiKwik.Call +91-9452000089.

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FAQs Related To Cost to Build an app like MobiKwik E-wallet and financial services

A. MobiKwik acts as a kind of digital wallet where people can keep their money and use it for various purposes like mobile recharge or bill payments.

A. Duplex Technologies is leading provider of dedicated developers who can build an e wallet app at a convenient price

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

A. Technology stack to develop an app like MobiKwik: Frontend: React.js, Tailwind CSS, Back end: Node.js, Express.js, Database: MongoDB, Payment gateway: Square API

A. React.js and Tailwind CSS should be used as a frontend for developing a mobile app like MobiKwik.

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