How much does it cost to make an app like Paytm/Groupon?

Today, every country is shifting towards digitization to build a cashless marketplace. Where ever you go maybe shops, restaurants, and many more places you will find mobile wallet apps like Paytm and PhonePay. From a small street merchant to big business are everyone is opting for mobile payments. All mobile wallet apps are enormously helpful to users as it eases the transaction of money.

If you are reading this answer means you are a very much interested business person interested in knowing about the development of an app like Paytm.

Now, we are going to know in-depth details about the development of an app like Paytm and the cost involved in the complete development process.

About Paytm

Paytm is India’s largest mobile payment platform founded in 2010 by Vijay Sekhar Sharma. Offering Mobile prepaid recharge/post-paid, utility bill payments, UPI payments, Money transfers, Online shopping, IRCTC train ticket booking, movie tickets, LIC premium payment, Electricity bill payment, DTH recharge, bus/flight booking, bank to bank transfer, metro card recharge and many more services. It is available on android, iOS and Windows smartphones.

Owned by One97 Communications, Paytm began operations with online mobile recharge and later expanded to online shopping with the similar kind of products that are sold by Flipkart, Amazon.

Key Features of Paytm

• Mobile Recharge & Bill Payment
• Pay online or Offline
• Money Transfer
• Book Train/Bus/Flight tickets

More on Paytm

• Online shopping (Women/men fashion, Mobiles and Electronics, Home/Kitchen, Baby and Kids and more)
• Deals/Discount Vouchers
• DTH Recharge
• Water, gas and electricity bill payment

Paytm Wallet Admin Panel

• Engaging Dashboard
• Managing offers and contact
• QR code
• Data synchronization
• Cloud operations
• Add/remove features
• Managing the Booking calendar

Types of Mobile Wallet App:

• A retail application
• A dedicated payment app
• PoS (Point of Sale) payments

How Much Does it Cost to make an app like Paytm?

The Paytm app development cost or any online Recharge app development depends on the following main factors such as:

• App Platform (Android & iOS)

App development costs may differ from one platform to another. Comparatively, the development cost of an android app like Paytm is lower than iOS, as it is directly implemented without testing.

• App Design

To design Paytm like an app, UX/UI plays a very crucial role, where users can experience the smoothness and flawlessness of the app. This kind of engaging features come with expensive cost.

UX/UI design(40-60hrs $1500-$3000)

• App Features

It is defined as a total number of basic or advanced features developed within an e-wallet app like Paytm.

• App team:

For creating an app like Paytm, we need Project Manager, Requirement analyst, Developers, QA engineers, Mobile app developers (IOS and Android) and UI/UX designers. One more thing you must include is the geographical location and size of the company when you are choosing for the Paytm developers.

• Developers in India: $10-80/hour
• Eastern Europe: $30-150/hour
• USA cost: $50-250/hour,

The charges will differ from a small company to a multinational company.