Ewallet App Development Cost Estimation With Advanced Features

Apr 8 14:33 2021 NimbleAppGenie Print This Article

Here is a detailed post about Ewallet App Development Cost With Advanced Features. If you want to develop a robust mobile wallet app, get in touch with us.

In this post,Guest Posting we will discuss ewallet app development cost, which may depend upon many factors, including the features required, the platform (Android, iOS or Both) as well as the location of the development company. In a nutshell, the ewallet app development cost may range between $30,000 and $100,000, depending upon above mentioned factors.

The world, where we live in, is powered by technologies. Everything from taxi booking, shopping, to ordering food can be done just with a few taps on the mobile devices. The rise of the E-wallet Mobile App Development have paved the way for easy accessibility of goods and services.

Smartphone technology and innovations have changed the way customers interact with the brands. Mobile applications have brought most of the services in our hand, leading to faster economic growth. Customer convenience and innovative product/service offerings are the primary goals of technological innovation.

We all have witnessed the growth the eCommerce sector has seen in the last decade. The same goes with the financial sector. Financial technology (Fintech) have seen an increase in the recent past and the investment figure will exceed USD 30 billion by 2020. While many financial institutions will realize the impact of technology, the mobile payment market seems to win the race. 

Digital wallet payments are the major contributor to fintech growth as the global eWallet transactions will reach USD 13,979 billion by 2022. To be noted, the total value of transactions in 2018 was USD 4,296 billion.

eWallet App Market – User Analysis

The mighty success stories of M-Pesa, Paytm, Samsung Pay, and others have been sincerely inspirational. Paytm for instance, has 350 million registered customers according to data released in May 2019.

The same may be stated about different cell price apps too. However, if look at the worldwide scenario, then WeChat pay is way ahead with 600 million worldwide users, followed by Alipay having 400 million users on the board.

POS Payments Integration in eWallet Application Development. There are four different ways to realize POS mobile wallet payments:

1. NFC

Near Field Communication or NFC is the best solution for convenient information sharing or transferring funds. NFC allows the transfer of funds or sharing of information by just touching the phone with NFC receivers. Nowadays almost every eWallet app is using NFC solutions for contactless payment. One such example is Samsung Pay.

2. QR Codes

QR codes are used by people to grab the contacts of people they regularly meet. Also, it is used to make payment with contacts which are not saved in the phone. For making payments, users just have to scan the QR code of the other person with whom they want to make a transaction. This is a smooth and simplified way of making transactions.

3. Bluetooth or iBeacon

iBeacon is a Bluetooth Low Energy (BLE) technology, which was launched by Apple with iOS 7 for iPhone and other Apple device users. It is a creative and different way to provide user location-based information and services. Beacons are cheap and use small transmitter devices to transmit the signal to the apple devices which are in its range.

Similarly, Bluetooth also identifies nearby devices and makes the transaction fast and secure. These emerging technologies are used by almost every eWallet solution.

4. Payment Apps

Payment Apps are the best eWallet solution suitable for business. These apps help the business dealer to partner with other dealers, helping them to transfer cash easily and effectively. Users can transfer a huge amount of money with a safe and secure environment without the involvement of any third party.

5. Blockchain

This technology is used in most of the eWallet apps, as they provide a highly secure and immutable environment. The apps carried out by blockchains are mostly used by government organizations, as they often involve the transfer of huge money values.

Describing the Features of a Mobile Wallet App

Since there are two different panels in an eWallet App, the user panel and the admin panel, each panel has its own set of useful features. They incorporate features that enhance the performance of the app for the user as well as helps the admin to manage the app. 

The User Panel Registration/Customer Onboarding

Digital customer onboarding is so easy in many industries, but the fintech, and especially eWallet industry requires a set of processes to be followed. Customers have to submit and verify their identity for the KYC requirement for the regulatory bodies. An eWallet app shall have document uploading features within the app, and another option is for KYC to be accepted for verification via Kiosks.

Connect Bank Account

Users can link their bank account by filling in the details within the digital wallet app. They can even register with a particular bank to make future payments.

Add Money

Users can add money from the bank into the app wallet as per their needs. The add money feature can also be automated to eliminate the need of adding money manually

Transfer Funds

Users can transfer a certain amount of money by entering the account details or the mobile no. of the receiver.

Accept Payments

Users can also receive payments from other users. By sharing their corresponding wallet details via QR code or mobile number, users can accept payment.

Mobile Recharge or Pay Bills

Users can also recharge their mobile phones or pay bills directly from the app in a convenient way. They can directly pay any third-party bill through the app by using their wallet balance as well as using their bank balance.

Transaction History

The app keeps track of all the past transactions made by the user. Users can search for a particular transaction with some advanced filters.

Bill Payments & Recharge

Users can directly pay any bill through the app and in addition to this they can also do recharges of mobile, DTH, etc.

Booking Tickets

This feature allows users to reserve their train, bus and flight ticket easily with the help of a eWallet App, just by entering the trip details like date, time and destination.

Users can enjoy hassle-free booking experience by avoiding long waiting time in the queue while booking movie tickets, or other events directly within the app.

Bank to Bank Transfer

eWallets allows users to transfer or send money directly to the bank. Just by entering the account number details of the receiver, money can be directly transferred to their bank with just a few taps.

Paying for Taxes or Insurance Fund

Such features allow users to easily pay your insurance premium as well as income tax and sales tax via eWallet Apps.

Online Shopping for Grocery & Other Products

eWallet Apps are making the lives of humans more flexible and reliable by allowing them to shop for grocery and other products like electronic devices, apparel, household items, cars and bikes without having to leave your home.

Exciting Offers

Since the competition is higher, you may have to provide discounts and offers from time to time if you want to attract more customers. Displaying discounts and offers under a separate category will attract more customers.

Multi-Language Support

Users can choose their preferred language according to their familiarity. Providing support in languages such as English, Chinese and Arabic will help the user to use the app more easily and flexibly.

Check this in-depth – A Complete Guide for Secure and Robust eWallet App Development 

Invite Friends

Users can earn special gift cards, promotions and huge discounts on every transaction by referring the app to friends. Users can also invite their friends to send and receive funds. This helps the user to transfer funds easily instead of having to ask for their bank details every time.

The Admin Panel


Admin can keep track of all the details and information of users registered with the app. The dashboards should be configurable so that the Admin can personalize them accordingly.

Offers and Discount

Admin provides the latest offers and discounts to users. He also provides offers related to referrals, rewards, etc.

Manage Users and Contacts

All the users and contacts that are associated with the app are tracked and monitored by the admin.

Real-Time Analytics

Admin keeps a track of the profits, transactions made, offers availed, app usability, and other details directly from the admin panel.

Block Users

According to the behaviour of the user, the admin can block or dismiss the account of a user from the app. Similarly, they can also add new users to the app.

Some Additional Features

Apart from these basic features, there are some additional features that will make your app more reliable and flexible to the user.

USSD Payments

While not every eWallet app would require this feature of making payments, some eWallet apps which are targeted to the markets like the Africa region will require USSD payments options as well. The reason being, these markets don’t have many smartphone users, in fact, their majority of the population have feature phones. Therefore it becomes very useful to have a USSD payment option with your mobile wallet app development.

QR Code Reader

Users can scan the QR code of the receiver to make the transaction fast and easy. This technology is very convenient and most used among the users.

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.

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.

Check this in-depth – How to Make an E-Wallet that Your Customers Love Digital Receipts

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

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.

Virtual Cards

The eWallet app allows users to create a virtual card that can be used within the app. Unlike debit/credit cards, users don’t have to enter account details. Just with the help of username and password, users can make transactions or payments.

Integration with Wearable Devices

Integrating your app with wearables will help the users to monitor the payments by just looking at their wrist. It will make the app more convenient to use, and will define a new approach for making payments an easy process.

Financial Institutions Regulations

Before developing an eWallet App you should have some knowledge of banking rules and regulations in relation to online transactions. Since you are developing an eWallet app, you are among the financial institutions. You must read all the terms and conditions according to the rules of the government. You may also have to provide some security documents to the government as per their guidelines. The most important thing is that your app must not contain any illegal functionality.

Tech Stack Requirement for eWallet App Development


For SMS, Voice and Phone Verification


Braintree, Paypal, Stripe, E-Wallets, E-Banking, PayUMoney


Mongodb, MySQL, HBase, Cassandra, PostgreSQL, MailChimp Integration

Front End

jQuery, Angular, JavaScript, CSS, HTML5, Bootstrap

Cloud Environment

AWS, Azure, Google Cloud, Salesforce, Cloud Foundry

Real Time Analytic

Hadoop. Spark, Big Data, Apache, Flink, Cisco, IBM

Push Notification

Twilio, Push.IO, Amazon SNS, Urban Airship, Map, AdPushup


For Data Management


For Everything Related to Emails

ZBar Bar Code Reader

For Scanning the OR Code

The Cost of Developing an eWallet App

The ewallet app development cost depends on various factors. Some of the main factors which affect the digital wallet app development cost are mentioned below. (The exact estimates are stated after the features)

eWallet App Features

These are the primary factors that affect the digital wallet development cost. If you are developing an app with basic features, then the payment app development cost will be less. But if you want to include some advanced features, then the cost will surely rise.


Before developing the app, you must make it clear whether the app is for a single platform or multiple platforms. The e wallet app development cost of the iOS app is comparatively lower than the Android app. However e-wallet apps developed are usually for both Android and iOS.

Region of the eWallet Developer

The eWallet app development cost also depends on the region from which you are hiring a developer. In some regions the payment app development cost is high, but in other regions it is more affordable. According to some reports, the UK is the most affordable for hiring mobile app developers.

Ewallet App Technology Stack

The digital wallet development cost also varies depending on the technologies used to build the eWallet application. Every technology and platform has their own advantages and disadvantages. It is suggested to consult with the eWallet development company to build the best architecture for the application.

Database Average Cost of Developing an eWallet App and Website

Since apps and websites are two different things, the cost of developing a website is much less than application development. The functionality of an app is exactly not the same as a website. The features of the app are much richer when compared to a website.

Ewallet App Development Cost

The development of the app basically depends on the number of man-hours required. The cost or resources per hour differs according to the company region. Companies in Australia charge approx. $190 per hour, in Europe it is $130 per hour and the price in North America is approx. $150 per hour.

Developing a basic wallet app will cost 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.

We at Nimble AppGenie have a team of experienced eWallet developers, with the digital wallet app development cost of approx $15-$25 per hour. At this hourly rate, we deliver best in class eWallet apps that are loaded with future-proof features.

e-Wallet Software Development Cost

There are a number of factors that affect the cost of e-Wallet software development. Some of the common factors are features, complexity, and platform of development. Apart from this, the development firm and their pricing model are also some crucial aspects that affect the development cost. The average digital wallet development cost will lie around $30,000 to $50,000.

E-Wallet Website Development Cost

Since the features of a website are not as rich as the app, the development of an eWallet website requires less time and fewer employee involvement. Therefore the cost is also significantly less when compared to the ewallet app development cost.

We can provide you with a pre-built website like Paytm with all the basic and required features within cost around $30,000 to $40,000.


In the modern era, mobile payment applications have completely changed the behaviour 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.

With a prototype to change the scenario into a world where no cash is required in-hand, eWallets have enhanced the economic and financial sectors of many countries. Paytm, Monese, Google Pay, PayPal and M-Pesa are some of the examples of how eWallet apps are successfully ruling the market.

Source: Free Guest Posting Articles from ArticlesFactory.com

About Article Author


Jermaine Trotman

Jermaine Trotman is the co-founder of Nimble AppGenie, a company renowned for its bespoke mobile app development and web development in e-wallet app development and fintech development.


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