How much does it cost to develop an on-demand app like Google Pay?

 How much does it cost to develop an on-demand app like Google Pay?


Today we live in a digital world and technology has become a way of survival. Getting a food value nutrition check through the health app or fixing a water pipe from a plumber through the home service app. Everything is done with a single tap on the mobile screen. Digital payment apps are at the forefront of various industries.

As we approach digitalization with each passing day, it is important to identify the factors that led to the digitization and contactless payments are one of them.


Online banking and payments through credit cards and debit cards are a huge digital revolution that has made huge strides with e-wallets and online payment systems.


Nowadays, people prefer to pay through online modes rather than hard cash and an app like Google Pay has made the process a lot easier.


Read More: How much does it cost to build digital banking app like RAKBANK


Benefits of installing mobile payment apps like Paytm


  • Send/receive from contacts or bank accounts

  • Facilitate to manage account beneficiaries and check account balance instant

  • Mobile-free prepaid/postpaid and DTH recharges with no hassle

  • Quick bill payments for electricity, water, gas, broadband, and landline

  • Cashless and contactless payments at physical stores

  • One tap payment at the online grocery, entertainment, shopping, and food delivery apps like Zomato

  • Possibility to check credit score instantly

  • Buy Now & Pay Later Paytm feature allows customers to apply for a credit limit up to a maximum of 1 lakh

  • Customers can book air, bus or train tickets

  • This on-demand mobile payment app for Android or iOS allows users to book hotels and make their travels safer and happier.

  • Movie tickets can be booked easily

  • In addition to online payments, Paytm Mall allows customers to shop online in a variety of product categories.


These benefits of digital mobile payment solutions are increasing the download rate of mobile wallet apps like Paytm per year.


Currently, the app has over 100 million users on the Android App Store and the same goes on the iPhone Store. Therefore, the development of mobile e-wallet apps has a bright future and produces a profitable note for businesses.


If you plan to develop a clone of a popular mobile eWallet app like Paytm, you must integrate your app with the features listed below.


Key features for creating a mobile wallet app like Google Pay


  • Easy to use, smooth and interactive user interface

  • User registration or login for seamless and easy money transactions

  • Add, and then check the account balance

  • Exchange of funds

  • Recharge / bill payment

  • Camera in the app

  • Authorising Credit Card / Bank Account / Debit Card

  • Discount / Redemption Coupons

  • Digital receipts

  • Cost analysis to enable app users to check their expenses

  • Data synchronization

  • Cloud-based technology

  • Trusted card

  • Reward offers using advertising campaigns

  • Gift papers

  • Membership cards

  • Security and privacy of e-wallet with OTP, fingerprint or QR code

  • GPS Tracker & Navigation

  • Wearable technology and device integration

  • Push notifications

  • Integration of geo-tags


Read More: App development services provider in USA


Factors Affecting Your Development Costs


Development company geographical location: The total development cost is determined based on the location of the development company you hire. For example, if you take a USA-based development company, they will charge you around $ 200 to $ 250 per hour.

A developing company from a developing country like India with the same experience and expertise will charge you around $ 40 per hour. 


The total number of features and panels: Depending on the total number of features and panels, your payment system will cost more. In addition, developing an API for your payment system to be used by online businesses is also a great way to gain more customers and market share.


App UI & UX Complexity: The next factor that determines the overall price is the complexity of your mobile app. Due to the improved UI and app layout, designers have to spend more time designing the UI and layout. This means that the better UI / UX you want in your app will make it more complex. It also increases overall development hours.


The total number of supported platforms: The development cost will almost double the actual number depending on the total number of platforms you want your app to run on. Developers are required to write separate code scripts for both Android-based applications and iOS-based applications. It increases the amount


Cost To develop


These apps make life easier for customers and help the company attract more customers. Most people do not like to pay cash and not all stores accept MasterCard / Visa cards. With mobile wallets, you can pay with your credit/debit cards with a single click. For businesses, this is a great opportunity to earn more revenue and stand out among the public, so all you have to do is hire Google Pay iOS / iPhone and Android app developers. Money is at risk when a mobile wallet is convenient and you do not need cash that you can pay through mobile wallet applications.


$ 50,000 to $ 60,000 refers to the cost of developing mobile wallet apps for your business. The time required to develop a mobile digital wallet application is 4 to 6 months.


What kind of industries can benefit from digital wallet app development?


Well, many industries are benefiting from digital wallet app development like Google pay or phone pay. The Mobile digital Wallet App Development Concept allows users a secure way to make payment transactions from anywhere and anytime to anyone. For example, retailers may provide a QR code for customers to scan and pay. Below are some suggestions on other industries that may benefit from mobile wallet app development:


  • Telecommunications companies

  • Transportation and logistics companies

  • Online trade payments


Do you feel that you can not wait in line, recharge your Metro card through your wallet without any hassle, and never be late? Even if your electricity bill is approaching, what if you do not feel like leaving home? OK, click on the option provided by your digital wallet app and pay your electricity bill now without worrying for a single moment also.


Read More: How Much Does it Cost to Develop networking Apps


Conclusion Thoughts:


E-wallet mobile applications like Google Pay are on-demand apps that have great potential for businesses. The above features are the factors that can determine the cost of e-wallet mobile app development in India.

If you are looking to launch an effective app at a low cost, hiring us for mobile app development is your best option. In the USM business, we are one of the best Mobile app development companies in Fresno.


We develop next-generation mobile app solutions to help our clients improve their businesses. Our services include the development of Android, iOS, and hybrid mobile apps as well as enterprise mobility solutions and e-commerce mobile app solutions.

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