How Much Does It Cost To Develop An App Like PhonePe?

How Much Does It Cost To Develop An App Like PhonePe?

Overview of PhonePe

Nowadays, mobile payment apps like Google Pay and PhonePe are helping people in paying for their purchases digitally without hassle. With the integration of user-friendly features, these intelligent mobile e-wallet apps are encouraging cashless payments. PhonePe-like digital payment apps are also playing a crucial role in breaking the infection chain of coronavirus.

Money transactions through UPI-based digital payment apps during the first and second waves of the COVID pandemic (from June 2020 till June 2021) have increased by 100% in India. Hence, digital wallet applications have become a popular online payment way in the country. From top e-commerce brands and retail stores to small businesses are saying yes to online payments and offering QR code scanning facilities to their customers.

Since most of the population and businesses in India are using digital wallet platforms like PhonePe and GPay in this COVID-19 pandemic, the development of PhonePe-like the best and popular digital payment app (for Android and iPhone) in India, is the right choice to reach more audience and increase brand credibility with ease.

In this article, we would like to discuss on all PhonePe-like one of the most popular digital payment applications in India. We focus on giving a detailed guide on the most significant features and development cost of PhonePe-like the best UPI payment apps.

 What and Why is For PhonePe?   

PhonePe is India’s largest UPI-based online payment app. With a bunch of user-friendly features, the app popularized as one of the most used mobile apps to transfer money to bank accounts or contact numbers. The app is also best in offering secured prepaid/postpaid mobile, DTH, and cable TV recharging services. Users can enter mandatory credentials and recharge instantly and conveniently through a secured payment gateway.

Further, the app allows users to book metro tickets and pay their utility bills, including broadband, water, electricity, LPG, and other conveniences. PhonePe-like top UPI-based payment app for android and iOS in India also offers the best investment and insurance services that encourage users to invest in profitable and future-centric mutual funds and help them well manage their budget.

Moreover, PhonePe-like trending UPI payments apps also help users directly switch to online shopping brands or e-commerce portals like Myntra and Flipkart to purchase products on attractive deals and discounts. Yeah, PhonePe is also a unique online platform to order food, groceries, and healthcare products from trusted pharmacies all online and get instantly at the doorstep. The app also rewards users on every transaction made through it.

Hence, such availability of different products and online services and exclusive offers and rewards on a single platform is a primary driver for the growth of PhonePe-like leading digital wallet mobile application in India.

The app is available to download from Google Play or Apple App Store for free. Users can install and register with their mobile number and link a bank account for future transactions. The app will generate a secure UPI ID and allow users to access the app by entering their 4 or 6-digit mobile PIN. For ensuring high-level security, users can also enable fingerprint authentication for login.

To seize the market opportunities created by PhonePe-like one of the best and largest currency trading apps in India, top mobile app development companies in Bangalore, Hyderabad, Kolkatta, etc. are rushing to create more personalized mobile payment apps with a simple interface and useful features.

If you are looking ahead to develop PhonePe-like the most downloading android/iOS mobile payment app and want to know the development cost of a similar e-wallet app, FuGenX, the best mobile app development company in Bangalore, India will help you out. In this blog, we guide you about the essential features of the PhonePe clone app and how much does it cost to build an app like PhonePe.

UPI transactions from popular payment applications such as PhonePe, Paytm, BHIM, GooglePay, and other Bank UPIs in 2019 have increased by 884% from 2018.

According t.o reports in 2019, Walmart-owned PhonePe app saw 857.22 % growth in 2019, followed by Paytm at 827.68% and Google Pay at 337.73% in 2019.

Although PhonePe is listed as one of the best and largest currency trading apps in the coming years, top mobile app development companies in Hyderabad, Bangalore, Kolkatta, etc. are planning to create more personalized mobile payment apps like PhonePe. On the other side, many business owners are curious to know about the development cost of a mobile wallet app like a PhonePe.

That’s the reason, today, in this blog, we will be discussing the essential features of PhonePe clone app and how much does it cost to build an app like PhonePe.

Key Features PhonePe-Like On-demand Mobile Payments App In India

If you plan to invest in a PhonePe-like popular mobile wallet app for android/iPhone in India, here are the most standard features of e-wallet apps that you should ignore while developing e-payment apps.

Well, have a glimpse at the key features of popular Mobile Wallet Applications like PhonePe:

  • Account Registration with mobile number
  • Link Bank account and verification process
  • User Profile
  • Adding money to the PhonePe Wallet from the bank
  • Send Or Receive money to other PhonePe users in 5 seconds
  • Quick Money Transfer to Bank accounts or other accounts of the users
  • OTP Confirmation
  • Push Notifications on every transaction
  • Prepaid/postpaid mobile recharge
  • Pay Bills feature to pay credit card and utility bills
  • Supports online payments for loans, municipal taxes, and LIC/insurance premiums
  • Invest in mutual funds and get higher returns
  • Switch to top online shopping or marketplace applications
  • Offers and rewards
  • Refer and Earn up to INR100 to attract new users

Here are the features that need to be integrated into the admin panel during PhonePe-like mobile wallet app development.

  • Easy-to-understand Dashboard
  • User profile management
  • Data synchronization
  • Management of QR code scanning
  • User Profile Management
  • Offers and rewards management
  • Add/delete/update features
  • Reports and analytics
  • Notifications and Alerts management

PhonePe QR payments are supported by over 20 million online and offline retail stores across India. Just imagine the opportunities of PhonePe-like mobile digital payment app development.

Get a free quote from leading mobile app developers in Bangalore, India, launch profitable PhonePe like mobile applications in this COVID situation, and grab market opportunities raised by e-wallet apps.


    Major Factors That Determine the PhonePe-like Mobile App Development Cost

    The development cost of PhonePe clone application or online payment app development depends on the features that you need. The Cost to build a mobile wallet app like Phonepe entirely also depends on various other factors that we listed below.

    Making a mobile wallet app comes under a number of requirements and factors from users’ perspective. The actual price of PhonePe like application development will depend on the following major components:

    • App platform (Windows, iOS, or Android):

    The cost of a mobile payment app similar to PhonePe depends on the operating system of the device. The cost of a digital payment app development on Android is more than iPhone app development. Of course, if you choose to need a cross-platform mobile app that runs on two platforms, including iOS and Android, the cost will be much higher than mobile app development on a single platform.

    App type will also bring a slight change in the overall development cost of mobile payment apps like PhonePe. It means that the cost of native mobile apps development will vary from the development cost of hybrid apps.

    • App Features & App Size

    The cost of creating a PhonePe clone app depends on the number of basic and advanced features developed in the mobile or web app. Integration of more features and functionalities into your mobile wallet app might increase the app size and the development cost. Along with the basic features that we discussed above, adding Geolocation tracking, QR Codes scanning, Blockchain integration will affect the cost of PhonePe-like mobile applications.

    • Team Size and App Developers Location

    The development cost of PhonePe like app also depends on the team size and geographic location of the mobile app developers. A mobile app development company with insufficient development recourses will charge higher development costs since they’ll outsource or hire a skill gap in the team.

    On the other side, the mobile app development cost will change based on the geographic location of the best mobile app development agencies. It means that mobile app development companies in the USA might quote a higher price than the mobile app development companies in India.  

    • Complexity of User Interface (UI)/User Experience (UX)

    The cost of hybrid or native mobile apps development varies depending on the complexity of app designs. The complexity level of UI/UX designs will decide the final price. However, a simple, easy-to-understand, and user-friendly interface will enhance user experience and increase customer satisfaction level.

    Design of attractive user interface with the integration of pleasant graphics will cost high but never compromise in quality to generate high downloads and profits.

    • Technology Stack

    The technology stack plays a key role in developing a bugs-free and efficient mobile application. Moreover, trending e-wallet payment apps development like PhonePe needs a perfect set of frameworks to create a successful application. PhonePe-like e-wallet app development cost depends on the type of technologies and tools that you picked.

    Today, for ensuring high-level security to the user’s financial data, the best mobile application development companies in Bangalore, India and other markets are integrating with Blockchain Technology. Blockchain development puts the burden on your budget limit, but it’s a worthy solution to increase brand loyalty in this digital world.

    So, How Much Does It Cost To Develop an e-Wallet App Like PhonePe?

    There is no particular figure and cost calculator to tell about the final price of the PhonePe clone app development. Being one of the top mobile app development companies, FuGenX can estimate the mobile wallet apps development cost might range between $40,000 to $90,000. But, as mentioned above, the cost to create an app is completely based on app features, app size, app platform, app type, team size, developer’s location, and development time, etc. I strongly say that even the best software and mobile apps development company might fail to give a perfect figure for the price.

    Bottom Line:

    I hope you are excited and got an idea about the online payments app development process and the cost to build an app like PhonePe.

    We, FuGenx Technologies are the best mobile Payment App and Mobile Wallet App Development Company India, USA and Europe. We have come up with sophisticated strategies to develop high-performance mobile apps that can meet the requirements of our customers and their audience.

    Hire FuGenX-like excellent mobile app developers In Bangalore, India who offer great experience, skills, and professionalism in developing digital payment apps like PhonePe.

    To get an instant quote for PhonePe like app, please feel free to reach us at

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      FuGenX Technologies is a leading mobile app and game development company in India, delivering quality-driven mobility services across the world. We have been crowned with many global technology awards, including the Deloitte Technology Fast 500 Asia Pacific & Fast 50 India, for pioneering high-quality products and ideas in the mobile space.