Tarun Nagar 
“Shop now, pay later – BNPL is changing the way we think about budgeting.”
Are you looking to Develop a Mobile App Like Tabby? If yes, then you must read this blog. In today’s fast-paced world, mobile apps have become an integral part of our daily lives.
They simplify our tasks, keep us informed, and provide endless entertainment options. With the increasing demand for innovative solutions, businesses are constantly striving to develop apps that cater to specific needs and niches. Tabby, a popular mobile app, is a prime example of this trend.
Tabby has gained significant popularity for its unique features and user-friendly design, making it a sought-after platform for managing pet-related activities. If you’re considering developing a mobile app like Tabby, one of the first questions that may come to mind is, “What will it cost to develop a mobile app like Tabby?”
In this comprehensive blog, we will explore the intricacies of estimating the cost to develop a mobile app like Tabby, along with key features, factors, and other aspects that will help you build your dream app.
So, let’s begin.
Table of Contents
What is a Tabby App?
Tabby is a mobile app that allows users to pay in installments, usually without interest and with minimal fees. Tabby apps work with various retailers to enable customers to shop in-store or online and divide their payments into manageable segments.
The convenience of instant access to goods or services can be enjoyed by users while spreading out the cost over weeks or months. Apps like Tabby have become popular as a payment alternative and a way to manage and budget expenses.
There are other buy now pay later apps like Afterpay and Affirm that are also doing great in the market. Tabby will accept any debit or credit cards and can approve you instantly. Tabby is partnered with many popular stores in the UAE, including IKEA and H&M.
Market Stats of BNPL Services Industry
- Between 2021 and 2026, it is predicted that global buy now pay later (BNPL)transactions will increase by almost 450 billion US dollars.
- While PayPal topped a ranking of downloads for the United States by 2023, Klarna was at the top of a group of BNPL rivals.
- Germany is one of the most mature BNPL markets in the world, with an estimated 20 percent market share for its e-commerce market.
- In China, most Gen Y and BNPL users believe the practice can lead to excessive spending.
- Gen Z’s average BNPL purchases in the U.S. were generally lower than those of older generations.
- In 2021, it is predicted that 36.8% of Gen Z digital purchasers aged 14 or older will use BNPL, compared to only 30.3% of millennial users.
Cost to Develop a Mobile App Like Tabby
Fintech apps have different app development costs. The cost to develop an app like Tabby also depends on the company you select. The fintech app development cost depends on several factors, including the size and features of the app.
If you choose a mid-level of complexity, an Android or iOS mobile app similar to Tabby can cost anywhere between $10000 to $16000. The cost of a full-featured or comprehensive app is a bit higher. Around 25,000 is the price range for a development project.
Features such as location tracking and chatting are extra. You should discuss the cost with the mobile app development company before you start the development process.
Factors Affecting the Cost to Develop a Mobile App Like Tabby
Developing a mobile app like Tabby, a digital banking and financial management app, involves various factors that can impact the overall cost of the project. Here are key factors influencing the cost:
1. App Design
Tabby’s most significant advantage is its simple design. The Tabby app development cost is divided into four screens: Shop, Payments Cashback, and Profile. Each screen has a distinct user journey, demonstrated by minimalistic line icons and clear product images, as well as an intuitive user journey chart.
Avoid overcrowding visual and content elements when building an app such as Tabby. Plan out the structure for each feature, and think about the user journey.
2. App Development
You have two choices when investing in a Pay Later app. Either you keep it exclusive to your store, or you create an SDK/API around it to make it easier to integrate with other online stores.
Depending on the business model, shop now and pay later app development efforts are spent creating the frontend, backend, and all features (or even more) of the app and integrating advanced technology such as VR to try products or AI for predictive analytics. You must create two app versions depending on which model you select.
3. Compliances
As after-pay apps are a relatively new concept, regulatory compliance worldwide is still evolving. Tabby complies with the Saudi Central Bank’s Regulatory Sandbox Environment and has PCI DSS certification. You must contact regulatory bodies such as the FTC if you plan on launching an app outside the UAE.
You will also have to keep the credit bureau informed. This is closely related to your compliance issues. Globally, when a customer takes a credit card or buys something, the credit score is affected by whether or not they return the credit. Every week, you must let the compliance bureau know if a client has made the EMI payment or not.
4. Development Team
The team working on Tabby will make a massive difference to the cost of developing the app. The geographical location and the size of the team can have a significant impact. The cost of developing a buy-now, pay-later application is also significantly influenced by the team’s location.
The cost of a financial app developed by an Indian Android app development company is between $15-25 per hour, while the same service in the US costs $50-120.
Top 5 BNPL Apps Like Tabby
| BNPL Apps Like Tabby | Available Platform | Downloads | Ratings |
| Affirm | Android | iOS | 5M+ | 4.7 |
| Afterpay | Android | iOS | 5M+ | 3.8 |
| Klarna | Android | iOS | 10M+ | 4.5 |
| Sezzle | Android | iOS | 1M+ | 4.7 |
| Splitit | Android | n/a | 100K+ | 2.7 |
1. Affirm
Affirm has various BNPL options, including standard four-month and monthly payment plans. It has partnered with major retailers such as Amazon, Walmart, and Target. Affirm can perform a soft check on your credit, which won’t affect it. This snpl app development will also consider your previous payment history, the time you have had an Affirm loan, your credit utilization and current debts, income, and bankruptcies.
2. Afterpay
Afterpay users can choose from monthly and pay-in-4 plans. It has partnered with retailers such as Old Navy, Nordstrom, and Gap. Afterpay can perform a soft check on your credit, which won’t affect your score. In addition to the funds available on your credit or debit card, Afterpay will also look at how long you have been using Afterpay. It may also consider whether you still owe money from previous loans.
3. Klarna
Klarna has various payment options, such as a monthly financing option and a plan that allows you to pay in four installments. Klarna can be found at major retailers such as Macy’s and Sephora. Klarna will perform a soft pull of your credit. According to the company, it favors applicants who have a good repayment history, which means they made their previous payments on time. So, if you want to build an app like Klarna, then you must consult with a BNPL app development company.
4. Sezzle
Sezzle is a Minneapolis-based provider of buy now, pay after. It’s best for those seeking a short-term, interest-free loan with flexible payment dates. Sezzle is one of the only BNPL providers to allow customers to reschedule a single payment per purchase. Sezzle offers both short-term and longer-term financing.
5. Splitit
Splitit, a popular app for payment solutions, allows users to divide the cost of their purchases into monthly interest-free installments using their credit cards. Splitit is a flexible and convenient way to manage your expenses. It does not require new credit cards or any fees. Users can choose how many payments they want to make and spread them out over time. This helps users budget and avoid debt.
Key Features to Develop a Mobile App Like Tabby
In the current era, the buy now and pay later app development has become increasingly popular. People only want to invest some of their money in a budget-friendly item. The experts of various mobile app companies have developed apps similar to Tabby. The following are key features that you will need to incorporate to develop a mobile app like Tabby.
1. Login And Verification
A safe and secure app is a critical feature of any application. You must, therefore, integrate the login process and the verification procedure once the user has downloaded the app. This is to verify whether or not the client is authentic. If you want to make your app secure, then you need to include the mobile number of the client. This is because once the user logs into the app and makes a purchase, they will receive a code for verification.
2. Advanced Payment
In some cases, a customer may want to pay off their dues before the date set for the next installment. You must design the app so users can make payments at their convenience. It is, therefore, necessary to hire mobile app developers who have the skills and experience to build a user-friendly application. Before you invest in any app, you should know how much it will cost to develop an app such as Tabby Card. This way, you can plan your finances.
3. Security
Every app should have a vital security feature, especially if they are selling products. It is, therefore, necessary to include all security features in your app for customers to make secure transactions. This will protect your app against bugs and cyber attacks. Digital technology has brought about many positive and negative changes. If you want to make your app popular, then it is essential to use double authentication. Customers will feel safer transacting on your app.
4. Accounting Management
History is a critical feature of any app that handles transactions. Sometimes, customers need to recall the previous purchases they made. The history option lets customers see their previous purchases, including the cost and date.
5. Reminders
You must have a reminder function if you want to launch an app such as Tabby. Sometimes, it’s necessary to notify customers when their installment is due. Customers may be reminded of their due date using push notifications within your app. You must send reminders to your customers when their payments are due. This will help you to get prices on time with minimal hassle.
6. Featured Stores
You must include the featured stores in your app to help people make purchases. The app will allow customers to buy products at the stores that the app supports. The customers will save time as they don’t have to go through different stores.
7. Cashback
Cashback policies are essential to gaining customer confidence. You must, therefore, hire dedicated developers who develop finance apps. The business will walk you through each stage. You will gain customers’ trust once you implement a cashback policy into your app.
Conclusion
Creating a mobile app like Tabby can be a rewarding venture, but it’s essential to understand the costs involved. Online shopping has become more popular since smartphones became digital. E-commerce sales in recent years have exceeded $5,2 trillion. They will continue to increase.
We are confident, based on the statistics, that BNPL will help E-commerce reach new heights. By partnering with a leading company that develops a mobile app like Tabby, it is the ideal time to launch a venture for developing a BNPL application like Tabby.
FAQ
1. How to Develop a Mobile App Like Tabby?
To develop a mobile app like Tabby, you must follow the below steps:
- Conceptualize the app idea.
- Conduct market research.
- Define features and functionality.
- Choose a development platform.
- Design a user-friendly interface.
- Develop the app.
- Test for bugs and usability.
- Launch and promote the app.
2. How Much Time Does it Take to Develop a Mobile App Like Tabby?
The time to develop a mobile app like Tabby depends on complexity, features, and team efficiency. It can range from 2-4 months for a basic version to over a year for a feature-rich app.
3. What are the Benefits to Develop a Mobile App Like Tabby?
Developing a mobile app like Tabby offers benefits such as enhancing user convenience for managing financial transactions, promoting responsible spending, tracking expenses, and providing financial insights. It can also attract a user base seeking these features, potentially leading to revenue opportunities.
4. How To Reduce the Cost to Develop a Mobile App Like Tabby?
Reducing the cost to develop a mobile app like Tabby, a budgeting and financial management app, requires careful planning. Here are some tips to help you minimize the development costs while still delivering a high-quality product:
- Plan and define the app’s core features and functionality.
- Use open-source libraries and frameworks to reduce development time.
- Hire skilled, cost-effective developers or consider outsourcing.
- Opt for cross-platform development tools to save on multiple platform costs.
- Continuously test and optimize the app to minimize ongoing expenses.
5. How to Monetize An App Like Tabby?
To monetize an app like Tabby, you can implement strategies like in-app advertising, premium features or content, subscription models, affiliate marketing, or partnerships with businesses. Generating revenue through these methods can help sustain your app’s growth and profitability.
