With mobile devices and apps hogging the sunshine, the payments ways have gone digital. Initially, folks taken away of ancient norms like paying in money to a a lot of advanced and quicker technique like web banking and paying through debit or credit cards.

But as they are saying that technology is on a continuing evolution and transiting to new phases, we’ve got seen associate emergence of a replacement player; the eWallet mobile app, fixing one record when the opposite.


The mighty made stories of Paytm, Mobilwik, PhonePe, et al are really sacred. Paytm as an example, has quite three hundred million registered users consistent with the most recent statistics of July 2018.


The same may be aforesaid regarding alternative mobile payment apps too. However, we tend to mention the world state of affairs then WeChat Pay is leading the manner forward with 600 million worldwide users, followed by AliPay having four hundred million users on the board.


Furthermore, research Future has conferred a worldwide Forecast Reportestimating that the eWallet market would grow at a CAGR of 15 August 1945 and is predicted to succeed in around $2100 billion at intervals a span of six years from 2017 to 2023.


The eWallet apps are getting smarter and operationally superior with the combination of future technologies like the close to Field Communication, Bluetooth, Beacon, scanning of the QR codes, and Blockchain technology.


Let’s analyse these technologies in some details:

The close to Communication Field or the NFC is one among the long run connected technologies that facilitate in info sharing further as transferring of the money with nice ease. The eWallet apps ar mistreatment the NFC technique facilitating their users to send cash while not applying contacts.


Most of the eWallet ar integrated with the power of the QR code. These create creating payments terribly convenient. you’ll be able to send the money typically to your far-famed acquaintances or those connected on your social media. Here you would like to scan the QR code on the opposite person’s device once conducting the group action.


If you’ve got to form payments to people World Health Organization ar at intervals shut proximity, then you’ll be able to select the Bluetooth and therefore the Beacon technologies. this can be a quick, secured, and reliable technique of creating the payment.


As the time is continuing ahead, the eWallet apps have conjointly began mistreatment the Blockchain technology, that is developed to initiate the cryptocurrency. This technique is extremely secured and encrypted. however several governments have still not legalized cryptocurrency and then you can not implement this system if you’re building the app for a selected region.


Lastly, there ar specifically engineered payment apps to meet the business purpose. mistreatment this kind of eWallet, you’ll be able to transfer a lump-sum with none part of risk as there’s no third-party concerned here.


The important options of eWallet Mobile App

For the higher understanding, it might be convenient to reason the necessary options of the eWallet App into 3 zones:


  • The User Preference options
  • Features necessary for Admin Panel
  • Additional options


Features Essential from the User Perspective


  1. User Registration

At first because it happens with most apps, the user should register his account on a required note. He should use his mobile variety and email id. He would receive a verification code and upon coming into the code, his account gets registered. Some eWallet apps conjointly use the KYC (Know Your Customer) to secure the transfer of cash.


  1. Linking the Banking Account

In the next step, you would like to link your checking account details with the eWallet from wherever you’d be creating the transactions and alternative payments. you’ll be able to add your card details, CVV number, and date of ending of the cardboard. This info {is highly|is terribly|is extremely} confidential thus be very careful whereas coming into the inputs.


  1. Adding the money under consideration

You have to supply the choice of adding more cash into their case. they will use their card details and use a 3D secured pin, secret or use the ATM’s pin to feature cash.


  1. Fund Transfer or Receive Fund

The eWallet give you the choice of causation cash to somebody either by writing the quantity of the recipient or by scanning the QR code. you’ll be able to instead use NFC or the beacon technology for causation the money. the money may be received within the same manner.


  1. The eWallet record

It becomes necessary to feature a eWallet record mistreatment that the users are ready to check their group action history. you’ll be able to use the filter choice to opt for a lot of advanced search.


  1. Causation a refund to Bank

These days the eWallet apps also are giving an extra possibility wherever the user will send the money into his checking account if he doesn’t keep associate excess quantity within the case. And moreover, every of the apps has set a monthly limit for mistreatment the case. you can not do a lot of transactions if that quantity exceeds the limit. for example, for Paytm the monthly limit is RS 10k.


  1. Bill Payment or Recharge

The eWallet app permits you to pay your necessary bills like that of electricity, water tax, and invoice within the most convenient manner. you’ll be able to conjointly recharge your movable or the net broadband property mistreatment a similar app.


  1. Paying for Insurance

The app permits you to pay your payment on time. In fact, you’ll be able to conjointly pay your financial gain and excise with the assistance of app.


  1. Flight and Train Reservations

In the recent times, eWallet apps like Paytm has introduced the power of booking the flight, train and bus reservations mistreatment the app. you simply need to enter your journey details and follow the straightforward steps to form the payment.

In fact, you’ll be able to conjointly book your moving-picture show tickets on-line and select your most popular seat within the cinema hall.


  1. buying Grocery and alternative product

The eWallet apps ar extending the user-oriented options and during this context they’re giving on-line grocery looking alongside alternative class things like accessories, apparel, home items, electronic appliances, mobile phones and even cars and bikes.

  1. Promotional and Discount Offers

Since the extent of competition has mature higher, you would like to supply promotional and discount offers to provoke a lot of customers. These may be displayed as separate class below the name money back offers, things below five hundredth discount and then on.


  1. Ratings and Reviews

Now this can be crucial feature wherever you raise the user to rate the service of your app and conjointly write a review on whether or not he’s happy with the offers and deals. supported the review you’ll be able to higher your services.


  1. Order History

The order history shows the main points of all the orders that client has created mistreatment the eWallet app whether or not it’s paying a bill, booking a moving-picture show price ticket or buying associate item. In case, he has created a procurement of any item you furthermore may have to be compelled to show him the standing of his order and once it might be delivered; one thing that e-commerce app do.


  1. selecting the popular Language

You have to supply a series of varied languages in order that the user will choose his first language or linguistic communication and handily relish mistreatment the app services and offers. The language possibility should be added supported the region wherever your main audience is residing.

For example, for the Indian customers, you would like to feature all the foremost regional languages except for English and Hindi.


  1. 24×7 help

This is one among the important options keeping visible the user’s wants. you would like to supply facilitate to your customers just in case they face any drawback associated with payment or the other service. it might be considerable if you add the virtual Chabot service to raised move with the users.


  1. Refer a lover

This is a sort of promotional feature or tool wherever you raise or urge the user to unfold the word for your app that he would be offered exciting offers and enticing discounts on each group action.


  1. App Settings

The app settings conjointly become important because it permits the user to customise the app consistent with his wants. this could involve the profile settings, the payment settings, and therefore the security settings etc.


The Admin Panel

After discussing the spectrum of user-related options, let’s currently specialise in what aspects ar necessary from associate admin purpose of read.


  1. The Dashboard

The Admin panel contains a single dashboard, that permits him to induce info and information associated with all the registered users. He also can read the time period app analytics and keep a watch on the notifications that ar being sent.


  1. Managing the User Profile

The job of the app admin is to manage the profile of the user and conjointly manage the daily transactions occurring through the eWallet.


  1. Strengthening the safety part

Sine you’re the owner of a eWallet app, your responsibility enhances in giving the sturdy security with none compromise on any price. the safety options and tools have to be compelled to be reviewed from time to time and it should be ensured that each one confidential information is extremely protected.


  1. time period Analytics

It is necessary for the admin to stay updated with the time period analytics thus on set up any strategy. this suggests he would shrewdness many of us ar actively mistreatment the app and monitor the performance of the app at regular intervals.

  1. Add and Block Users

The admin has the only right to simply accept or reject the registration of a user. He will block the user from mistreatment the app if he finds that the involved person is indulged in nonlegal or malpractices like hacking alternative people’s accounts.

Some Other extra options


So far, you’ve got got accustomed to the most options of the eWallet app. However, there ar some a lot of imperative options that you simply shouldn’t forget to include whereas developing the mobile case app. These options can facilitate to surpass within the stiff challenge and keep before your competitors.


  1. Push Notifications

Push Notification could be a key feature that you simply essentially have to be compelled to embody because it can facilitate in causation necessary notifications to your customers with relevance coupons, offers, and discounts.

You also send timely alerts to users just in case their eWallet is debited or attributable. Conjointly create your users cautious on to not share their secret and card details.


  1. Geo-location

Well, geo-location feature, you’ll be able to profit on 2 completely different fronts. Firstly, it helps you to find the users World Health Organization ar in shut proximity and therefore the users will create seamless group action while not wasting any time.


  1. Synchronization of information

This is a vital feature from the safety purpose of read. You get your app synchronized with the user account.


  1. Tokenization

This is yet one more crucial feature to spice up the safety issue. It shows solely the over-the-counter or just the once Code to the merchants just in case associate group action is conducted from an account.


  1. Loyalty Programs

Loyalty programs ar necessary a part of app promotional strategy to stay your loyal customers keep engaged with the app. this suggests you’ll be able to supply money back or reward points which will be in a while ransomed into money.


  1. In-app Camera

The in-app camera is additionally a distinguishable feature of the eWallet mobile app. It permits the user to send screenshots of payment as proof and can also be used as QR code scanning.

The App coming up with


The computer program of the eWallet mobile app should be designed meticulously. this can be as a result of it’s one among those apps, which might have a posh interface thanks to the presence of assorted choices in payment section, recharge, and booking of various tickets etc. So, you ought to style it with simplicity in mind and keep the functionaries as convenient as doable.


Don’t combine the assorted segments and create each feature conspicuously visible. The font size of he content ought to be chosen rigorously.


The Backend Development

Next, you furthermore may need to think about the backend or the server-side development of the app. check that you’re opting a strong platform and secured cloud computing design, which might store the whopping quantity of information safely with none discharge issue.


The Cost of developing eWallet Mobile App

Now we tend to come back to the particular question. what quantity will it price to develop associate eWallet app? you need to bear in mind that there ar variety of determinant factors that influence the app price. It may be the app platform, the app style, and integration of options, the MVP, app testing, and publication.


Besides, that, the selection of App Development Company in India, the rating model, et al aspects conjointly management the rating of the app. So, to answer your question, associate approximate price for a eWallet app would vary around $70k -$80k.



With the paradigm shift to the planet of digital payment wherever know a lot of cash-in hand is needed, the eWallet apps have truly revolutionized the money and economic sector. We’ve got seen however some eWallet apps have staggeringly become made during this age of knowledge and technology wherever everything is dynamical at a fast pace.

So, it’s time to come back forward and supply a magnetic expertise to your users and reap the simplest profits.


In case you’re in seek for a reliable and cost-effective Mobile App Development Company in India to build your next distinctive eWallet app, come back and discuss your plans with Aafilogic Infotech.

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