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e-wallet app development cost

In the modern era, mobile payment applications have completely changed the behavior of people while paying for goods and making cash transfers. From the electricity invoice charge, account stability tests to money switches, many things are being paid via the help of mobile money. At this time, developing mobile wallet apps is a splendid concept for a startup and enterprise.

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e-wallet app development cost

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  1. E-Wallet App Development Cost & Features

  2. E-Wallet App Development Cost The cost of developing a basic wallet app is around $25,000 to $50,000, and apps with advanced features such as online services and bill payment integration (like Paytm and M-Pesa) will cost approximately $75,000 to $100,000.

  3. E-Wallet Market Trends

  4. Features of E-Wallet App

  5. 1. USSD Payments While not every E-Wallet app would require this feature of making payments, some E-Wallet apps which are targeted to the markets likethe Africa region will require USSD payments options as well.

  6. 2. QR Code Reader Users can scan the QR code of the receiver to make the transaction fast and easy. This QR code payment technologyis very convenient and is commonly used amongst users.

  7. 3. Virtual Cards Users can easily create a virtual card like their usual credit/debit card. These virtual cards allow users to carry out transactions easily without entering the details every time.

  8. 4. In-App Camera This built-in feature will allow users to scan the QR code easily. Also, users can upload their KYC documents and selfie using the in-app camera.

  9. 5. Digital Receipts Generating digital receipts of all the transactions and allowing users to share these receipts with an app, by email, or SMS.

  10. 6. Push Notifications This helps in keeping more user engagement on your app. They can be kept updated with new features, discounts, and offers via SMS or emails.

  11. 7. Integration With Wearable Devices It will make the app more convenient to use, and will define a new approach for making payments an easy process.

  12. 8. Financial Institutions Regulations Before developing an E-Wallet App, you should have some knowledge of banking rules and regulations in relation to online transactions. Since you are developing an E-Wallet app, you will be considered as being a type offinancial institution.

  13. Conclusion • If you have already decided to hire an expert E-Wallet App Development Company, then get in touch with us as we are the globally recognized number one company –Outsourcing Software DevelopmentforE-Wallet App Development • Also Read: How to find the Right Mobile App Development Company? • How to Create a Wallet App for Android and iOS?

  14. THANKS! You can find me at: www.nimbleappgenie.comContct@nimbleappgenie.com If you have any questions, please feel free to ask!!!

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