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How expensive is it to create a payments or mobile wallet startup?

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Question added by Venessa Hickson , Mobile Application Developer , Mobile studio
Date Posted: 2021/09/21
Venessa Hickson
by Venessa Hickson , Mobile Application Developer , Mobile studio

Well as per Statista, the revenue of the global mobile payment app has increased from 450 billion USD to 780 billion USD. In the US itself, 45% of the consumer between the age group of 25–34 are using P2P payments. The next age group from 35–44 years has shown a 37% increase.

e-Wallet App Development Cost:

The development of the app depends on the total number of employees and time needed. The cost of employees per hour different in various companies. 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 like Google Pay & Paytm will cost approximately $100,000 to $150,000.

Our company has a team of experienced developers, with a cost of approx. $15-$25 per hour we can develop an eWallet app with all the mentioned features.

For More Information and queries, feel free to reach at https://www.webcluesinfotech.com/contact-us/

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