How to Develop a Mobile Wallet App Like Phonepe?

Pin or Password Protected Screen
This screen occurs when the user taps into the app icon. This is password/pin protected. This means that if the smartphone gets lost or stolen, then it cannot be accessed until and unless it is hacked to crack the password. Hence, the initial layer of security is intact.

Transaction Screen
The next screen is the transaction screen which is used to make the transactions by the users. The users have two options, either they can scan the QR code of the recipient or enter the mobile number of the recipient to transfer the money.

Verification and Validation
Once the confirmation of the payment details of the recipient is done along with the amount, either a pin or OTP verification is needed to complete the payment transaction.

Confirmation
The payment proceeds successfully as soon as the Pin or OTP is confirmed.

Success Message
Once the payment is done, the user receives a success message mentioning the details of the transaction.

Check Balance
Users can use the e-wallets and payments app and check their bank account balance. The app should have the authorization to access bank servers and extract the balance of the user’s bank account linked with the application.

Review All Transactions
The application should be enriched with a feature in which the user can see a consolidated record of all the transactions made by making use of the mobile wallet application. Most of the famous online payment app like Phonepe and Google Pay have this feature to enhance the user experience.

Hence, if you have a robust and qualified team of developers that consist of efficient UI/UX designers, making an eWallet mobile app like Phonepe is very easy. You can contact The NineHertz which is an India-based technology company delivering a quality solution at affordable prices all around the world. As far as the cost is concerned, it ranges from $25k to $50k depending upon the features and functionalities along with the layers of security implemented.

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