85 / 100

Are you looking to create an ewallet app for your business? Then you have reached the correct place. We are living in such a world where all things right from shopping, ordering food, booking a taxi, etc. can be done by simply tapping on your mobile device.

It is often believed that the current era of mobile devices has certainly made our lives much easier and more comfortable.

So, mobile devices like smartphones and mobile apps have certainly made an essential impact on human lives. The different latest technologies, mobile apps, and smartphones, along with additional digital devices, are always the popular trend.

Also, mobile fees, as well as mobile wallets, are a few of the most updated as well as swiftly developing industries of the present time wherein every financial institution, as well as mobile app development organization as well as fee and payment gateway employer, is directly diving into the ewallet app development.

The success of trending eWallet apps for money transfer like Paytm, Phonepe, Mobikwik, etc. have been sensational and also inspirational for fintech mobile app development companies as well as entrepreneurs. Thus, in this guide, we will discuss how to create an ewallet app, its features, and its cost.

So let’s begin.


Some Essential Facts About eWallet App


Facts About eWallet App


  • In a poll performed in July 2022, it was found that 88 percent of Indonesian respondents utilized Go Pay as their e-wallet. E-wallets were the second most common way to pay for goods and services online in Indonesia in 2017.
  • The size of the worldwide mobile wallet market was estimated at USD 6.2 billion in 2021, and it is anticipated to increase at a CAGR of 27.4% from 2022 to 2030.
  • PayPal came in the first place, with 76 percent of online shoppers using it.
  • It was discovered that Google Wallet had a 14 percent utilization reach during the survey period.
  • With a 12 percent use rate, Apple Pay came in fifth place.
  • In the area of digital payments, the total transaction value is anticipated to reach $9.46 trillion in 2023.

What is an eWallet App?


What is an eWallet App?


A digital wallet is also known as an eWallet app that allows users to store, manage and access electronic payment methods such as bank account information and credit cards.

E-wallets are useful for many purposes such as shopping online, paying bills, sending money to others, or making in-store payments using contactless payment methods such as NFC.

Key Features of the eWallet App

As there are two separate panels in the given eWallet app, the admin panel as well as the user panel, each panel has a few useful features. All of these features improve the performance of the app for the end-user along with assisting the admin to manage the app. There are already multiple trending mobile wallet apps actively functioning in the market.

The User Panel


1. User Registration

When the user starts the app, and before he or she uses it, the user needs to create his own account with his own email id or even his own social media credentials.


2. Connecting Bank Account

The users can easily select and enter their bank details for the purpose of making financial transactions. The users can even register with a given bank in order to make and carry out future payments.


3. Adding Money

The users can easily add money from the corresponding bank into the application as per their requirements.


4. Transferring Funds

The users can easily transfer a certain dedicated amount of money by simply entering the receiver’s account details.


5. Payment Acceptance

The user can easily receive payments from different other users. Simply sharing their own account details, the user can easily accept payment.


6. Pay Bills or Mobile Recharge

The users can easily pay bills such as utility bills or recharge their mobile phones directly from the app in quite a convenient way.


7. Transaction History

The eWallet application keeps complete track of all of the past transactions which are made by the users. Also, users can easily search for a given transaction with a few advanced filters.


8. Booking Tickets

The user can easily reserve train tickets, bus, and flight tickets with quite an ease with the assistance of an eWallet app by simply entering the trip details such as date, destination, and time. Even users can easily avoid long waiting times for booking tickets for movies as well as other events by using the application. This feature should be included in the wallet app design.


9. Bank-to-Bank Transfer

The app allows users to transfer or even send money directly to any bank easily. By simply entering the account number details of the particular receiver, the money can easily be transferred directly to the bank with just a few taps on the phone.


10. Payment of Taxes or Insurance Premium

Using the app, you can easily pay income tax, sales tax, etc., or even your insurance premium with quite an ease.


11. Shopping for Products including Grocery

These apps make the lives of people much more flexible by easily allowing them to readily shop for not only grocery items but also different products such as apparel, electronic items, and much more.


12. Offers and Discounts

As the competition is getting tougher, the eWallet apps offer timely discounts as well as offers to attract a number of customers. Also, displaying these different discounts and offers under a particular separate category will certainly attract many more customers.


13. Multiple Language Support

The users can easily choose their own preferred language as per their choice. Offering different language support apart from Hindi and English assists the users to utilize the app with more flexibility as well as easily.


14. Inviting Friends

The users can easily earn special gift cards, huge discounts, and promotional items on each transaction by means of referring the app to their own friends.


Build an e-Wallet App Like Apple Pay


The Admin Panel

The users can easily invite their friends as well as send and even receive funds. It assists the users in transferring funds quite easily by asking for the details each time.


1. Dashboard

The admin can easily track all of the essential details as well as information of the users that are registered with the app.

2. Discounts and Offers

The admin offers the latest discounts and offers to the users. Also, he gives offers related to rewards, referrals, etc.


3. Manage Users as well as Contacts

The admin can easily manage all of the users as well as contacts that are associated with the app and track and monitor them.


Money budgeting App CTa image

4. Analytics

The admin keeps real-time tracking of all the profits along with transactions made, as well as offers availed, the usability of the app, and the different other details directly from the given admin panel.


5. Blocking Users

As per the user’s behavior, the admin can easily block or even dismiss the user’s account from the app. Also, he can easily add a new user to the app.


Read More: Best Apps Like Venmo


Additional Features

Along with the basic features, there are some additional features that make the app much more reliable as well as flexible to the users.


1. QR Code Reader

The users can easily scan the QR code of the particular receiver in order to make the transaction quite swiftly and easily. Also, this technology is quite convenient as well is most used among mobile users.


2. Virtual Cards

The users can easily develop or create a virtual card similar to their usual debit or credit card. Also, these virtual cards allow users to easily carry out different transactions with ease without actually entering their details at each time.


3. In-App Camera

This particular inbuilt feature, allows the user to scan the QR code easily. Even the users can easily transfer the different transaction receipts to any other user. Also, due to this, all of the transactions are duly confirmed to validate the entire transaction request in an instant.


4. Integration of Wearable

By means of connecting the app to different smart devices such as smartwatches, the concerned users can easily monitor all of their particular transactions right from their watch. hire dedicated developers who know how to integrate wearables with ewallet apps.


neobank app cta images


5. Digital Receipt

By generating digital receipts of all of the transactions as well as allowing the users to share all of these receipts with an app or through SMS and email, the users can easily maintain them.


6. Terms and Conditions of Bank

Even before you create an eWallet app, you need to have sufficient knowledge of the rules and regulations of online transactions with the bank. As you want to create an eWallet app, essentially you will execute as a particular bank.

Hence, you need to read all of the terms and conditions as per the government’s rules. You need to provide the security documents to the government according to the guidelines. Also, the most crucial aspect is that your app shouldn’t contain any illegal functionalities.


How to Create an eWallet App?

Creating an eWallet app is a great way to enter the financial technology industry and provide users with a convenient way to manage their money. In this section, we will walk you through the steps to create an eWallet app.


Step 1: Identify Your Target Audience

The first step in creating an eWallet app is identifying your target audience. Who do you want to use your app? Are you targeting individuals or businesses?

Are you targeting a specific demographic or geographic location? Once you have identified your target audience, you can begin to develop the features and functionality of your app.


Step 2: Choose the Right Platform

Once you have identified your target audience, you need to choose the right platform for your eWallet app. Will your app be available on iOS, Android, or both? Each platform has its own set of requirements and restrictions, so it is important to do your research before making a decision.


Develop an e-Wallet Mobile App Like Google Pay

Step 3: Define the Features and Functionality

The features and functionality of your eWallet app will be key to its success. You need to define the core features of your app, such as the ability to send and receive money, make purchases, and view transaction history. You may also want to include additional features such as the ability to split bills, set up automatic payments, and track expenses.


Step 4: Choose a Payment Gateway

A payment gateway is a service that allows you to accept payments through your app. You will need to choose a payment gateway that is compatible with your platform and meets your needs. Some popular payment gateways include PayPal, Stripe, and Braintree.


Step 5: Design the User Interface

The user interface of your eWallet app will be critical to its success. You need to design an intuitive and user-friendly interface that makes it easy for users to navigate and perform the actions they want to take. Consider hiring a professional designer or using a pre-built UI kit to speed up the process.


Step 6: Develop the App

Once you have defined the features, choose the platform, and designed the user interface, you can begin to create an eWallet app. This will involve writing code, testing the app, and fixing any bugs or issues that arise during the development process. You must hire an on demand app development company that will consider using a cross-platform development tool to save time and resources.


Step 7: Test and Launch the App

Once your app is developed, it is important to thoroughly test it to ensure that it is functioning correctly and that there are no major bugs or issues. You can then launch your app on the app store and begin marketing it to your target audience.


Step 8: Monitor and Improve

After launching your eWallet app, it is important to monitor its usage and user feedback. This will allow you to identify any issues and make improvements to the app over time. You may also want to consider adding new features and functionality to keep your app competitive and relevant.


How Much Does it Cost to Create an eWallet App?

When it comes to the developmental cost of the eWallet app development, there are several factors on which it is dependent. A few of these main factors that affect the entire development cost are essentially mentioned below:


  • Features

Among the most important factors which affect the development cost are the overall features that are included in the app. In case you want to create an ewallet app with some basic features, then the entire development cost will be quite less. However, if you wish to include some of the advanced features, then the entire cost will certainly rise.


  • Development Platform

Also, before the development of the app, you need to ensure whether the app is for a particular single platform or for different platforms. The entire app development cost of the actual iOS app is quite less than the Android app.


A Comprehensive Guide About Mobile Wallet App


  • Developer Charges

The entire cost also depends on the region from which you are actually hiring a fintech developer. In a few regions, the development cost is quite high; however, in other regions, it is quite affordable.

The ewallet app development cost with all of the basic features will easily cost you around $10,000 to $20,000. However, if you wish to make the app with more advanced features, then, in that case, it will easily cost you around $15,000 to $25000.



In the current era, mobile apps have completely changed the entire scenario of the transfer of cash. Right from the electronic invoices, account stability as well as money switch, the different things are being paid with the assistance of the usage of mobile wallet packages. Now, mobile wallet apps have become a great concept for enterprises and startups. Now, mobile wallet apps have become a great concept for enterprises and startups.

eWallets have enhanced the overall economy as well as the financial sectors of different countries. Whether it is PayPal, Google Pay, or PayTM, they have changed the way people transact in the market and purchase products.

There have also been multiple investments in clone PayPal apps, so you can also build an app like PayPal. Therefore, it is your turn to invest in ewallet app development. For better results, you can take help from a mobile app development company that can create an ewallet app.


Frequently Asked Questions


1. What is the Maintenance Cost of an eWallet App?

The maintenance cost of an e-wallet app can vary depending on factors such as the complexity of the app, the size of the user base, and the frequency of updates. Generally, it includes expenses for server hosting, bug fixes, security updates, and ongoing development, which can range from $20,000 per year.


2. How Much Time Does it Take to Create an eWallet App?

The time it takes to create an ewallet app can vary depending on various factors such as the complexity of the app, the features and functionality required, the platform on which the app will be built, and the experience and expertise of the development team. Generally, developing a basic e-wallet app with standard features can take anywhere from 4 to 6 months or 1 year.


3. What are The Top 5 eWallet Apps?

There are many apps in the market that are doing great and gaining user experience. Below are some of the ewallet apps that we have thoroughly researched and have a huge user base:

  • PayPal
  • Cash App
  • Dwolla
  • Google Pay
  • Samsung Wallet