How Much Does It Cost to Develop an E-Wallet App like Paytm?

E-Wallet App Development

Today, mobile e-wallet apps are vastly in demand, and everyone prefers to go cashless. Paytm, Amazon Pay, PhonePe, Google Pay, PayPal are some of the prominent e-wallet application that rules the digital payment industry. These mobile e-wallets are highly beneficial for the people as it offers ease of payments.

People can quickly pay their bills, send or receive money and even shop online with the help of these mobile e-wallet apps. The best part about these e-wallet apps is that it allows the customers to use their debit or credit cards without carrying it. After seeing the rising demand for these mobile e-wallet apps companies are also looking to develop an e-wallet app like Paytm for their business.

What factors affect the development cost of an app like Paytm?

If you want to develop an e-wallet app like Paytm, then you need to consider the following factors which affect the app development cost-

App platform

For an e-wallet app development, it is essential to consider the development platform on which you want to develop your app. The development platforms can be Android, iOS or Windows. Choosing a platform is vital as there is a substantial variance between these platforms in terms of development cost.

App design

To keep engaging and retaining your customers, you need a fascinating app design. Attractive and user-friendly app designs help you to get a large customer base and increases customer loyalty.

For an appealing app like Paytm, you need to use advanced tools and technologies which may lead to an increase in cost, but earnest. Users always look for the smooth user-interface and friendliness in an app, and these factors eventually raise the cost of an app.

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App size

The development cost of an app like Paytm also depends upon its functionalities and features; you want in your app. The app size varies according to the features like if you want a basic version of an app, then it will cost you less, but if you need an app with advanced features then ultimately the development cost will rise.

App team

For app development, you should have a team of experts who are highly proficient and skilled in their respective fields. The team should comprise of- Project Manager, Developers, UI/UX Designers, Quality Analyst, Mobile App Developers (Android or iOS), Requirement analyst.

You also need to consider the geographical region for your app. Usually, the hourly rates of developers from India is $10-80 per hour, in Eastern Europe, it is around $30-150 per hour, and USA rates are- $50-250 per hour. Prices of an app also vary according to the size of the company (small company to a big multinational company).

Third-Party API’s Integration

The third-party API integration is used for the recharged one app like Paytm. The online mobile recharges, booking of movies-travelling tickets and multiple other recharges are entirely depended upon these third-party API’s integration.

It is used to connect the customers and service providing companies directly while using an e-wallet app platform. If we talk about the development hours of these API’s implementation, then it will take around 200-400 hours depending upon the API’s you want in your app.

The development hours may vary as it also depends on how perfectly the third-party API’s supports to app development companies in executing their API’s. On average, it will take 300 hours to implement the third-party API’s.

Additional features that will affect the development cost of an app like Paytm

  • Newsfeed
  • Rating / Review
  • User profile
  • Image manipulation
  • Barcode / QR code
  • OTP sending/reading
  • In-app calling and messaging
  • Secure data travel
  • Connect and third-party API
  • Payments/earning
  • Usage Analytics
  • Intercom support
  • Crash report
  • Reporting

The cost of developing an e-wallet app like Paytm, with these features will cost you around $40-$50k. The cost of hybrid mobile e-wallet app will be considerably less.

If you want to create a hybrid e-wallet app, then it will be charged around $20-25k. Also, the time required for creating it would be around 2-3 months approx.


We all know that digital e-wallet payment app is much in demand and why not? These apps made our lives more comfortable, and on the contrary, it also helps the companies to get their loyal customers.

Today, cash payment is not preferred by many of us, and even all stores take debit or credit cards. With mobile e-wallets, now we can quickly pay our bills and other shopping bills by using our credit or debits cards with just a click.

So, for companies, it is an excellent opportunity for E-wallet app development to make more profits and spot amongst them in the marketplace. Companies can create e-wallet apps similar to Paytm and can do a profitable business.

SVAP Infotech

SVAP INFOTECH is a leading Web and Mobile app development Solutions Company in India. Since its inception, it has worked on thousands of mobile app and web projects and serves clients overseas.