Posted By : Deepank Joshi, Posted Date : Jun 10, 2024
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.
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 |
To build an app like Paytm, you must include these features in your application. Adding these features will help attract a wider audience:
Mobile App Developers |
UI/UX designer |
Project manager |
DevOps engineer |
Front end developer |
Web developer |
Back End Developer |
Business Analyst |
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.
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.
We are delivering business solutions at every stage.
We would be happy to discuss your idea or project with you in person.