For both startups and large companies, the need to integrate e-wallets into businesses is growing rapidly. Market research suggests that the digital wallet market is expected to reach approximately $7.58 trillion by 2027. Today, e-wallet applications have become an important part of the daily lives of people around the world. If you are planning to develop a mobile wallet app or want to know how much it can cost, keep reading!
In the United States, the cost of developing an e-wallet app typically starts at $30,000 and can go up to $300,000. The final cost depends on many development factors. There are also some smart ways to reduce app development costs, which can help businesses save money.
Do you want to know what factors influence the cost of developing a modern payment app in 2025? This blog explains everything clearly and simply. Scroll down to learn all about the cost of developing a digital wallet app for your business.
Cash to Code: What is an E-wallet App?
An e-wallet app is a mobile payment app that allows people to make payments without carrying cash or a physical wallet. It acts as a contactless payment system, allowing users to easily send or receive money from shops or service providers. People use e-wallet apps because they make payments easier and faster. Users can add their debit cards, credit cards, loyalty cards or bank accounts to the app. This makes it easy to shop online, send money and pay securely from one place. By creating an e-wallet app, businesses make digital payments faster and easier. This app securely stores card and bank details in the fintech app. As a result, users do not need to repeatedly type their payment information on different websites or apps.
What is a closed e-wallet?
A closed e-wallet, also known as a closed-loop wallet, is a digital wallet that only works with a specific company or its selected partners. With the money in this wallet, you can only buy products or services from that specific company.
For example, in a cab-booking app, you can only use the wallet balance to pay for rides on that specific app. You cannot transfer this money to any other app or store.
Real-life examples: Amazon Pay, Starbucks App, Uber Cash
How much does it cost to develop an e-wallet app?
The cost of developing a basic e-wallet app typically starts at $20,000. A large, advanced, and enterprise-level e-wallet app can cost upwards of $150,000.
There is no set cost. The total cost depends on many factors, such as the features you include in the app, the design of the app, and the location of the developers.
Developing an e-wallet app requires a significant investment, but the final cost depends entirely on the type of app you want to build.
How does the cost vary?
A basic MVP (Minimum Viable Product) with core features like user registration, sending money to others, and easy payment history can be developed quickly and at low cost. However, when you add advanced features like QR code payments, cryptocurrency support, multi-currency wallets, and strong security measures, the app takes longer to develop and costs increase.
In short, more features means more time + more cost, so your app concept ultimately determines the final price.
| App Complexity | Key Features | Estimated Cost | Development Time |
|---|---|---|---|
| Basic (MVP) | Secure login, P2P transfers, transaction history, notifications | $20,000 – $50,000 | 3–5 months |
| Medium | All basic features, plus QR code payments, bill payments, in-app chat, and loyalty programs |
$50,000 – $100,000 | 5–8 months |
| Advanced (Enterprise-Grade) | All medium features, plus biometric authentication, cryptocurrency integration, multi-currency support, and advanced analytics |
$100,000 – $150,000+ | 8+ months |
Advantages of E-Wallet App Development
Higher Conversion Rate:
Don’t make your customers wait in long lines to pay their bills. Give them the opportunity to purchase products and services anytime using their phones. Mobile payment apps make the checkout process faster and easier. This helps customers make faster decisions and increases your sales.
Reduced Cart Abandonment Rate:
Many people leave without completing their purchases due to slow payment processes. E-wallets make payments fast and easy. When shopping is easy, more customers complete their orders.
Lower Transaction Fees:
Mobile payment systems charge lower fees than credit cards. Businesses can also create their own payment cards, such as gift cards. This removes banks from the process and saves many additional fees.
Easy Refunds:
Cancellations and returns are a common occurrence in every business. Digital wallets make the refund process quick and easy. Customers get their money back in their app and can easily use it again. This encourages them to make more purchases with just a few taps.
Increased Revenue:
Businesses can send special offers and discount coupons directly to users. Staying connected with customers helps them return again and again, which increases sales over time.
Expanded Customer Base:
Mobile wallets help businesses reach more people faster. Secure and easy contactless payments build trust. Nowadays, people all over the world prefer cashless payments. A secure and smart wallet app helps you attract new customers and stay ahead of the competition.
Read More: Cost To Social Media App: Complete Breakdown In 2025
Conclusion
Investing in e-wallet app development is a very good idea. I think it will take a good face in your future. It can increase your income. Today’s generation is completely digital. So this investment idea will be very useful. E-wallet technology is a revolution for the world.
FAQs: Frequently Asked Questions
Q1. How much will e-wallet app development cost in 2025?
The cost of e-wallet app development depends on many factors. These include features, security level, platform (Android/iOS), and development team.
Q2. What are the key features of an e-wallet app?
The key features are user registration, wallet balance, money transfer, bill payment, transaction history, QR code payment, and strong security options.
Q3. What factors affect the cost of e-wallet app development the most?
App complexity, number of features, UI/UX design, security requirements, etc. are the key factors affecting e-wallet development cost.
Q4. Is e-wallet app development profitable in 2025?
Yes, e-wallet app development is profitable in 2025 due to its rapid growth.
Q5. How long does it take to develop an e-wallet app?
There is no set time frame for it. On average, it can take 6-9 months.