How much does it cost to develop an on-demand app like Mobikwik

Just like on-demand services have made our lives so much easier than before and left us with more free time that can be used to complete other important stuff. MobiKwik has also left its mark in the on-demand payment application industry by solving this issue.  Mobikwik is an Indian payment application that was founded in 2009 by Bipin Preet Singh and Upasana Taku to help people with their monthly struggles of mobile recharge, payment transfer, bill payment, and booking. The application works as a mobile recharge application, on-demand booking application, and helps the user with other payment related issues too. In addition to that, Mobikwik also provides a mobile wallet to their users that can be used to store credits which can be used later to recharge mobile and bill payments. On-demand applications have brought so many opportunities for people who want to invest in current technology. If you are also looking to invest in an on-demand payment application like Mobikwik and wondering about how much does it cost to develop an on-demand app likeMobikwik then we are going to walk you through the development process as well as discuss cost deciding factors. Welcome to the Tech Pathway blog, today we are going to share with you how much does it cost to develop an on-demand applike Mobikwik.

Also Read:- How to develop an on-demand mobile payment applications

Market trends of on-demand payment applications

• The on-demand payment application’s global market was around $5 billion in the year 2017. 
• Currently, the market is on the rise with a 60% pace. 
• According to forecasts, the payment market is going to reach $30 by the end of year 2030. 

Basic information about Mobikwik

The application was launched in 2009 in India. The main task of the app is that it can be used by users to make peer to peer money transfer payments. In addition to that Mobwikwik’s mobile application also allows its users to pay for electricity. Water, credit, EMI bills as well as recharge their mobile, and book tickets whenever they want. MobiKwik also provides shopping features and offers various offers, discounts, gift cards, and cash back to its users. 

The official application of Mobikwik has over 50,000,000+ installed on the Play Store as well as on the App Store with 4.5 stars rating. 

Here is the list of all main elements of the application:

• API development that will help the communication between your service providers and application users.
• Development of mobile applications for both the iOS app development as well as the Android app development.
• Tie-ups will deal, offer and discount providing brands.

What an on-demand payment application required

User Panel

• Register
• Login
• Add bank account
• Add Credit Card & Debit Card
• Wallet
• Offers, Cashbacks, Gift Cards
• In-app chat & call support/Customer care
• Pay bills
• UPI

Merchandise Panel

• Register
• Login
• Add bank account
• Add Credit card and Debit card
• Accept payment option
• Generate QR code
• Settings
• In-app chat & call support/customer care

Admin Panel

• Push Notification
• Analytical tools
• Geo-location tracker
• Allow offers and deals

Also Read:- How much does it cost to develop an on-demand payment app like Google Pay

Tech Stack Requirement for eWallet App Development

• Nexmo - For SMS, Voice and Phone Verification
• Payment - Braintree, Paypal, Stripe, E-Wallets, E-Banking, PayUMoney
• Database - MongoDB, MySQL, HBase, Cassandra, PostgreSQL, MailChimp Integration
• Front End - jQuery, Angular, JavaScript, CSS, HTML5, Bootstrap 
• Cloud Environment - AWS, Azure, Google Cloud, Salesforce, Cloud Foundry
• Real-time Analytics - Hadoop. Spark, Big Data, Apache, Flink, Cisco, IBM
• Push notifications - Twilio, Push.IO, Amazon SNS, Urban Airship, Map, AdPushup
• Datastax - For Data Management
• Mandrill - For Everything Related to Emails
• ZBar Bar Code Reader - For scanning the QR code

How much does it cost to develop an on-demand app like Mobikwik

The development cost of on-demand payment app will be depended upon the following factors

• The geo-location of the development company: Depending upon the location of the development company that you hire, the total development cost will be determined. For example, a company from a developed country like the USA will charge you around $200 to$250 per development hour whereas a development company from a developing country such as India with the same experience and expertise will charge you almost $40 per hour. This difference alone is enough to make you realize how important it is to choose a development company carefully.
• The total number of Panels and Features of the app: The total number of required panels (in this case total 2 panels) with the total number of features you want will affect your application’s development costs.
• The UI & UX of the app: Although features are important but so is UI and layout of your application. Unless your application’s interface is better looking as well as with a smooth and user-friendly UI and UX, users won’t return on the platform. Investing in a better as well as smoother Ui & UX is highly recommended.  
• The total number of platforms: Depending upon the total number of platforms you want your app to run will increase the development cost by almost twice the original amount. Since developers have to write code scripts for both (Android and IOS) platforms separately it will increase the total development hours. 

The total development cost of your on-demand mobile payment app will be anywhere between $10,000 to $100,000 depending upon the above-mentioned factors.

Also Read :- How much does it cost to develop an on-demand app like Freecharge

Looking for a development company

Tech Pathway is India’s one of the top leading online solution companies. We have a team of experienced developers, designers, and social media marketers which means we are ready to help you at every corner as you focus on more important tasks of your business. Our designers and developers have prior experience with developing client satisfactory payment applications which means you can be sure that you will get a quality app within your budget. At last, I want to conclude that you can leave everything related to your application development and focus on more important aspects of your business. 

Here what we offer:

• Salesforce support
• AI chatbot
• Data Science
• Web Design
• E-commerce
• Machine learning features
• Social media marketing and Ad campaigns
• Post-development support
• Maintenance support
• Easy to update and maintain code script