E-Wallet Payment Solution Aligned with Your Goals
Launch your e-wallet payment system in a couple of months with our highly customizable platform.
How to move e-banking into the microservices architecture?
Get the latest insights on the best way to transform your banking experience.
How to move e-banking into the microservices architecture?
Get the latest insights on the best way to transform your banking experience.
How to move e-banking into the microservices architecture?
Get the latest insights on the best way to transform your banking experience.
How to move e-banking into the microservices architecture?
Get the latest insights on the best way to transform your banking experience.
Four Reasons to Build Your Mobile Wallet
Global Digitalization
Global DigitalizationAs the financial world shifts towards digitalization, users are replacing traditional physical wallets and cash transactions with smart applications and virtual payment cards. Meet their growing needs with a timely solution.
Buoyant Demand
Buoyant DemandApple Pay, Google Pay, and similar systems for recurring payments are still inaccessible in certain regions, and the demand for crypto solutions is rising. Be the first to detect the gap and gain a foothold in the new markets.
Ability to Stand Out
Ability to Stand OutTech masterminds come up with innovative solutions that unlock never-yet-seen opportunities for many undertakers. Incorporate these advancements into your mobile payment wallet wisely to outperform your competitors.
Cost-Effectiveness
Cost-EffectivenessThere is no need to build a complex solution from scratch anymore. Instead, take our prebuilt platform, customize it to your vision, and deploy a stunning payment wallet for digital card storage without enormous upfront costs.
What Types of e-Payment System Can We Build?
Electronic Money WalletA payment processing solution for seamless non-card transactions, money withdrawals, and storage of ID information, concert tickets, and coupons, tailored to the needs of individuals and enterprises.
Digital Asset
WalletA tamper-proof application for keeping and managing all the valuables (stocks, bonds,
cryptocurrencies, tokens, ETFs, etc.) in one mobile device. It presupposes integrations
with various exchanges and tokenization platforms.
Hybrid
WalletWhen joining a traditional e-wallet and crypto-friendly wallet, you get multifunctional digital payment software that enables users to gather all the assets in a single app, send/receive money, and relish a full scope of financial operations.
Loyalty
WalletProvide customers with a virtual wallet that stores rewards, bonuses, coupons, and other perks and let them save on shopping without ad newsletters, plastic discount cards, or a physical wallet.
Digital Wallet Functionality We Offer
Admin Panel Features
Seller and user managementTransaction data trackingDetailed analytics dashboardsRevenue managementPartner banks managementTransaction managementSecurity managementLive customer support
User Panel
Features
Multistep registrationCredit and debit cards addingWallet top-upMoney transfersBill paymentCurrent balance checkTransaction history checkQR code generationPush notificationsTransaction receipt generation
Additional Functionality
KYC procedureManual verificationMulti-currency supportFunds withdrawalInternal transfersContracting (e-signatures)API/SDK-integration
Our development capabilities are not limited to this functionality. Share with us your offgauge wallet idea, and we will help you define the best-fit implementation scenario.
How to Secure Your Online Wallet?
Reliability matters when you deal with wallet apps. To ensure the ultimate security for our payment software, we apply the following combination of practices:
Data Security StandardsWe build our products in compliance with the standards (ISO 27001, ISO 9001, OWASP, e t c.) to avoid payment information leakages, unauthorized access, business account hijacking, and data disruption.
Multifactor AuthenticationOur specialists enrich payment systems with multifactor authentication to reduce the risk of cyber breaches, as many users tend to protect their accounts with a risk-prone password.
Fraud Prevention MechanismsThanks to AI, we elaborate the mechanisms to detect suspicious behavior and prevent fraudulent activity. Face ID and fingerprint authentication also help us boost the securityof digital wallets.
Personal Data EncryptionOur e-wallet apps encrypt card information with advanced mechanisms. Together with timely audits, access management, and other measures, this approach contributes to data integrity.
Our Development Approach
It is much easier to tackle big tasks by splitting them into time-bound iterations. That is why our teams employ the Agile methodology and MVP approach while toiling at fintech projects.
An MVP (minimum viable product) is a basic version of a digital payment wallet with a number of backbone features sufficient for launching and showcasing it to the first users. The MVP approach is a perfect option, if you need to create a breakthrough ewallet in the most convenient way, and here's why:
- The quicker you test your business idea on early users, the more chances you will have to make timely adjustments to the app development process;
- When starting with the elaboration of the key features, you reduce initial investments and the project terms;
- With an MVP, you can significantly speed up software release, gather initial feedback, and promptly enhance the next product version.
After finishing the MVP stage and rolling out the first successful product version, we get down to the implementation of more intricate features.
Tech Stack and Architecture
Here is the common toolset for the development of an e-wallet payment system.
Android:
Kotlin
iOS:
Swift
Miscellaneous:
JavaReactPostgreSQLAWS (Amazon)
KubernetesDockerKafka (for certain projects)
Blockchain:
SolidityRUSTGetBlockBlockchain scanners
The technology stack depends on the client's vision and requirements and varies from project to project. We can always extend the list with .NET, Go, Node, hybrid mobile frameworks, or any other tool upon your request.
According to our experience, a typical architectural pattern for online payment wallets looks in the following way:
This is a possible project architecture from the perspective of a banking app:
The final architectural structure of a mobile wallet depends on the business domain. Feel free to sign up for a personal tech workshop arranged by our most proficient experts to discover the approach that better answers your goals and niche specifics.
Estimated Project Roadmap
|
Pre-study
≈ from 2 to 4 weeks
· Service vision
(Analyzing client’s requirements; defining the target audience and user channels; elaboration of the UI/UX design concept; deciding on the specifics of the solution’s operation and maintenance); · High-level feature matrix (Analyzing integration options with banks/exchanges/payment systems; defining the KYC requirements; choosing the front-end functionality); · Advanced technical vision (Selecting the tech stack and architecture). |
|
PoC (Proof of Concept)
4 weeks
· Development and testing of 1–2 major features;
· Implementation of basic integrations; · White-label solution deployment in a test environment. |
|
Beta MVP
from 4 to 8 weeks
· MVP development and enhancement;
· Adjustment of a white-label design to the target UI/UX concept. |
|
Friends & family testing/Go live
2 weeks
· Solution deployment in a production environment;
· Feature testing by early users; · Documentation of current results; · Elaboration of further adjustments. |
|
R1
4+ weeks
· Preparing a full-scale product for the first release in compliance with the predefined
requirements.
|
How Much Does e-Wallet Development Cost?
The final project cost relies on the combination of factors:
Selected Platform
The platform choice (iOS/Android phone or both OSs) predefines the quote, as each option requires particular tools, tech skills, and the team's experience level.
Maintenance and Support
A robust e-wallet solution never stops its evolution, is user-friendly, and follows top digital trends. To meet client needs and stay ahead of the competition, gather and analyze feedback and timely upgrade the product. This strategy requires investments but inevitably pays off in the long run.
Customization and Implementation
The number of features and integrations and the complexity of design concepts also impact the project budget.
Considering project flexibility, it is hard to name its exact cost on the spot. However, we can calculate the approximate price for the MVP stage after scrutinizing your business idea. Each new iteration will require further calculations.
Why Partner with Qulix?
FinTech ExpertiseFor over 15 years, we have been developing upscale solutions to meet the needs of the evolving fintech industry. Our portfolio encompasses banking apps, e-wallets, investment software, and tokenization platforms, and our client list involves UBS, Raiffeisen, Elinvar, Société Générale, BNP Paribas, and other renowned players.
Great FlexibilityWe never impose our opinion on clients and do the utmost to stay on the same page with them. At the projects, we stick to the Agile methodology, try different development approaches, and come up with out-of-the-box solutions. When partnering with us, you may choose between several payment options (hourly/daily fees) and cooperation models (staff augmentation/outsourcing).
Accelerated LaunchFrom-scratch development of a multifunctional wallet app is a time-consuming and expensive process. We understand that and are happy to offer you a white-label solution with vast integration potential that runs on various mobile devices and can be smoothly customized to your business strategy within several months.
State-of-the-art Investment Platform
The development of a high-end investment solution for facilitating commodity trade deals. Backed with tokenization and e-wallets, our platform boasts rich financial management functionality that is available for both Android and iOS.
How to Get Started
Contacts
Feel free to get in touch with us! Use this contact form for an ASAP response.
Call us at +44 151 528 8015
E-mail us at request@qulix.com
Feel free to get in touch with us! Use this contact form for an ASAP response.
Call us at +44 151 528 8015
E-mail us at request@qulix.com
