Cost to Build an App like Paytm E-Wallet

Searching for a company that can provide you with a budget-friendly cost to build an app like Paytm? Then, connect with Duplex Technologies at +91-9452000089.

How Much Does It Cost To Build An eWallet App?| Duplex Technologies

Cost to Build an app like Paytm e-wallet

Posted By : Deepank Joshi,  Posted Date : Jun 10, 2024

Introduction to an App Like Paytm e-wallet

As human life progresses, everything is becoming more easily available than before. In the times of our ancestors, silver and gold coins were used, which people kept in their homes safely. Gradually, the use of these gold and silver coins stopped and people started using coins of other metals. At present, we use money made of paper too. Along with this, the initiation of online transactions also took place around 2002 Paytm was not so popular at the time. Today, almost every person uses a money transfer application so that they can easily make transactions. One such app is Paytm, which is used by millions of people every day. In this blog, we will provide you with some essential information about paytm mobile app technology and how to create wallet app like Paytm with the help of Duplex Technologies.

Paytm is a multinational financial company founded in 2010 by Vijay Shekhar Sharma. This application provides a platform through which people can transfer money online from anywhere at any time. With the help of Paytm, one can send money to someone’s bank account through their registered phone number. Apart from this, it also provides the facility of QR scanning, through which one can send money without entering the number or bank account details. You do not need to carry cash, a credit card, or a debit card with you. With the help of the Paytm app, you can get your or someone else’s mobile recharge, DTH recharge, gas booking, etc. services done. Paytm is the only application that is being used by everyone, from big businessmen to street vendors. Its total valuation until now is said to be around $170 billion.

 

How to create wallet app like Paytm?

Before initiating your own money transfer app, like Paytm mobile app technology, you should register your company as a legal entity. Next is the Cost to build an app like Paytm, a well reputed mobile app development company that can provide you with excellent and knowledgeable developers.

Next comes the technology stack, which 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 Paytm. And the last thing is a feature that will be used by consumers. For better understanding, here is a breakdown of the various parameters required for developing an app like paytm:

Paytm 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

Some key factors on how to design paytm like app:

  • Research various platforms: Do thorough research on various money transaction applications. 
  • Multiple platforms: Your application should be able run on every platform like Android, iOS, and Windows, so that any one can use it
  • 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 Paytm app 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: Choose a reputed and experienced company that can provide you with skilled mobile app developers
  • Budget: Decide the overall e wallet app development cost
  • Performance: Test the performance of paytm mobile app technology on various platforms.
  • Deployment: Launch your application so that users can start using it.

Features Required for Paytm App Design

To build an app like Paytm, 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 a bank account number, transfers through a 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 Paytm accounts using their OTP, phone number, or email address.
  • Push notifications: It notifies users about various updates and offers.
  • Transaction history: Users can keep track of their previous transactions.
  • Ratings and reviews: It allows 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 Paytm

Mobile App Developers

UI/UX designer

Project manager

DevOps engineer

Front end developer

Web developer

Back End Developer

Business Analyst

Technologies needed for Paytm Mobile App

  • 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 reputed company with excellent Mobile app developers suitable for developing a money transfer application like Paytm. We provide budget-friendly E-wallet app development cost to our customers. Our team consists of expert UI/UX designers, frontend and backend developers, mern stack 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 to Build an App like Paytm

If you have made up your mind to build an app similar to Paytm, 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 Paytm. Call +91-9452000089.

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FAQs Related To Cost to Build an App like Paytm E-Wallet

A. Paytm is a money transaction application that runs on iOS and Android. You can also use it for recharging mobile phones, DTH, and gas booking.

A. Duplex Technologies is a well reputed company with various expert mobile app and web developers. We can help you build an app like Paytm within your budget.

A. Features like send/receive money, transaction history, notifications, in-app messages, user profiles, reviews, and ratings are used in designing apps like Paytm.

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

A. Programming languages such as HTML, JAVA and CSS can be used to develop an app like Paytm.

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