EWallet App Development Company
EWallet app development with low risks and fast results.
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.
Our Approach
Wallet app development is a complex affair. Still, it doesn't also have to be a stressful one. To ensure a smooth and efficient development process, we propose to build an MVP.
What Is an MVP?
An MVP, or a minimum viable product, encompasses basic functionality of your eWallet. The set of features is available at hand, the app's capabilities are clear.
Why Is the MVP Your Win-Win Option?
- Save time and money resources instead of investing in full-fledged eWallet apps that might take years to go live
- Achieve results after 3–4 months of work
- Gain feedback from early adopters
- Seize the room and opportunities for improvement
- Minimize risk of delays
- Prevent unexpected budget hikes
MVP Development Workflow
Building an eWallet MVP takes about 3–4 months. Here's what goes into developing digital wallet app solutions with this approach:
- Product customization
- UI/UX design development
- Design implementation
- Deployment
- Subsequent support setup
Next steps? We arrange a continuous process of product development. It includes regular updates and deployment of fresh features.
If you have questions about the MVP workflow, schedule a free online meeting with us.
Features of a Digital Wallet
As a digital wallet development company, our goal is to provide our clients with e-Wallet apps that are suitable for their domain, target audience, vision, and other requirements. Only those features that fit the company's business objectives like a glove will make the cut.
Registration
We provide seamless integration with a third-party KYC service (like Joomio) as well as a quick sign-in process via social media or biometrics.
Account openings
Our solution allows customers to open an app account in both national and foreign currencies. At this time, we support 50+ global currencies (USD, EUR, GBP, CNY, SGD, KRW, JPY, AED, and others).
Bank account linking
Our experienced wallet app developers make it possible to connect existing bank accounts to an eWallet app, which fosters seamless finance management.
Top up
We support transfers between different types of cards as well as bank transfers (requires manual confirmation by an operator).
Payments
Our eWallet allows to pay for an array of services and products with the help of a smart device instead of cash or cards (subject to local regulation).
Contracting
We have integrated the e-sign service DocuSign to accompany certain business operations, like account opening, top up, and others.
Mobile applications
Our eWallet is available on both iOS and Android, which enables a wider audience reach.
Integration API/SDK
To integrate digital wallets into products that already exist, you would need an API with necessary documentation. With us, that is part of the package.
Verification
A semi-automatic process: clients send in company details and necessary documents, then await the admin approval (approvals are manual).
Card issuance
Digital wallet app development facilitates the issuance of virtual cards. Qulix team can integrate Visa, MasterCard, UnionPay, and other payment systems that have captured your attention.
Transfers
With our platform, clients can make bank-to-bank, P2P, and wallet-to-bank transfers, both local and international.
Withdraw
Users can move money from an e-Wallet to a debit card or to a bank account (requires manual confirmation by an operator).
Transaction history and receipts
All payment details are at users' fingertips: time, date, and other insights about their spendings. We also include the option to create digital receipts.
QR code generation
The eWallet app development services that we deliver come with the option to transfer funds with a QR code. This makes such operations faster and decreases the possibility of human error.
Push notifications
The solution that we crafted sends users real-time updates regarding any changes in their balance.
Management portal
The admin side of our eWallet encompasses features like role-based access management, verification of business applications to open e-Wallet accounts, registration of inflows/outflows for money operations, analytics and reporting, etc.
Registration
We provide seamless integration with a third-party KYC service (like Joomio) as well as a quick sign-in process via social media or biometrics.
Verification
A semi-automatic process: clients send in company details and necessary documents, then await the admin approval (approvals are manual).
Account openings
Our solution allows customers to open an app account in both national and foreign currencies. At this time, we support 50+ global currencies (USD, EUR, GBP, CNY, SGD, KRW, JPY, AED, and others).
Card issuance
Digital wallet app development facilitates the issuance of virtual cards. Qulix team can integrate Visa, MasterCard, UnionPay, and other payment systems that have captured your attention.
Bank account linking
Our experienced wallet app developers make it possible to connect existing bank accounts to an eWallet app, which fosters seamless finance management.
Transfers
With our platform, clients can make bank-to-bank, P2P, and wallet-to-bank transfers, both local and international.
Top up
We support transfers between different types of cards as well as bank transfers (requires manual confirmation by an operator).
Withdraw
Users can move money from an e-Wallet to a debit card or to a bank account (requires manual confirmation by an operator).
Payments
Our eWallet allows to pay for an array of services and products with the help of a smart device instead of cash or cards (subject to local regulation).
Transaction history and receipts
All payment details are at users' fingertips: time, date, and other insights about their spendings. We also include the option to create digital receipts.
Contracting
We have integrated the e-sign service DocuSign to accompany certain business operations, like account opening, top up, and others.
QR code generation
The eWallet app development services that we deliver come with the option to transfer funds with a QR code. This makes such operations faster and decreases the possibility of human error.
Mobile applications
Our eWallet is available on both iOS and Android, which enables a wider audience reach.
Push notifications
The solution that we crafted sends users real-time updates regarding any changes in their balance.
Integration API/SDK
To integrate digital wallets into products that already exist, you would need an API with necessary documentation. With us, that is part of the package.
Management portal
The admin side of our eWallet encompasses features like role-based access management, verification of business applications to open e-Wallet accounts, registration of inflows/outflows for money operations, analytics and reporting, etc.
Our E-Wallet App Development Services
Electronic money wallet
Ideal for both individuals and businesses. Online payments, money transfers, money withdrawals, and other capabilities for comfortable finance management.
Digital asset wallet
With this kind of eWallet app development solutions, it is possible to safe keep digital stocks, bonds, crypto, and various tokens in one place.
Hybrid wallet
Combines an electronic money wallet and a digital asset wallet. Allows to both use and store assets.
Loyalty wallet
A subtype of an electronic money wallet. A perfect fit for business clients looking to implement a loyalty program. We can include cashback, the ability to earn rewards points, and other benefits to help you raise customer engagement rates.
Technology Stack
We use a basic set of technologies.
JavaReactPostgreSQLAWS (Amazon)
KubernetesDockerKafka (for certain projects)
Blockchain:
(for digital asset wallets)
SolidityRUSTGetBlockblockchain scanners
Android:
Kotlin
iOS:
Swift
We can also implement your project using technologies such as .NET, Go, Node, hybrid mobile frameworks, etc.
If you would like to have an in-depth discussion of the tech stack, we're inviting you for a technical workshop.
We were approached by a Singapore-based company, STATER. They were looking for a tech partner to develop a full-fledged investment platform for commodity trading deals. One of the platform's key functionalities was an eWallet that allows to execute a wide range of financial operations, like sale and purchase of goods, asset management, etc.
Development Timeline
Pre-study
from 2 to 4 weeks
We clarify client needs and move forward from there. We prepare a project roadmap, determine the target audience, and dive into the technical intricacies of app development. ≈ from 2 to 4 weeks
POC (Proof of Concept)
≈ 4 weeks
Qulix team deploys the eWallet in a test environment in a white label design. Next up are the execution of basic integration with external components and ensuring that main scenarios run without a halt.
Beta MVP
from 4 to 8 weeks
Final touches to the MVP functionality from the dev team. In the meantime, the
designer team develops a UI/UX concept and updates the white label design.
Friends & Family testing/
Go Live
≈ 2 weeks
It's time to deploy the application to the production environment. We test the solution on a limited number of early adopters and establish processes that would make subsequent support possible.
Continuous development
from 2 to 4 weeks
Continuous development begins. It covers the remaining functionality from the eWallet roadmap.
Cost Estimation of EWallet App Development
We provide an approximate cost for the MVP stage only, and implement the rest of the functionality through microiterations. They will require separate estimation after we conduct business analysis.
Here is what makes up the budget:
Platform
Whether you opt for iOS, Android, or both platforms, this would significantly impact the price. Each option requires its own tools and a skill set.
Customization and implementation
From product alterations and desired functionality to the deployment process, every step of the way matters.
Maintenance and further improvements
If you’re interested in continuous product support and future implementation of new eWallet components, the cost of the solution will change accordingly.
Why Is a Digital Wallet Worth Building?
With wallets and banking services packed in a single app, traditional finance steps out of the limelight. See what eWallets can offer to ensure that you win over the hearts of your audience.
Accessibility
Help users perform a variety of operations like account opening or payments with just a smart device. Add a great UI/UX design to the mix, and see how this convenience package earns you a competitive advantage.
Affordability
EWallet app solutions offer significantly lower transaction fees and simplified refunds. For customers interested in frequent international transactions and money transfers, that is a major bonus and a reason to turn to you instead of traditional banking.
Security
Secure digital wallet solutions are still a rare gem in the realm of app development. Your product, protected with authentication, verification, and encryption, will make it easy for users to trust you.
Opportunities
There are different kinds of eWallet apps and different combinations of features you can implement. Mix and match app capabilities to fill the niche that competitors don't know about.
Expanded client base
Digital wallet apps foster efficiency of operations that is unknown to traditional banking. Studies show: that speed entails a 5% conversion rate.
Higher profit
When operations are hassle-free and easy to perform, the number of abandoned carts goes down. 6 in 10 eWallet users are more likely to finalize the buying decision if they can pay with an eWallet app.
Readiness for the future
Digital currencies will only continue to expand their market presence. For e-Wallet applications, it's significantly easier to obtain the permission to enable crypto payments than for traditional finance.
User engagement
Rewards, cashback, benefits and discounts for spending encourage users to explore a finance product more. That prompts your e-Wallet app score a leading position in an app store.
Why Hire Our EWallet App Developers?
Expertise
20+ years in the market, 200+ clients from 30+ countries across the world, over 80% of products are solutions for the finance sector. Our expertise and experience allow us to build applications that both businesses and users trust.
Confidence
After 3–4 months of work, you will have both an MVP and outlined processes for future development on your hands. It's a fast, convenient, and relatively inexpensive way to obtain a product that will definitely do well in the market.
Transparency
We are accustomed to regular builds and streamlined CI/CD, daily sprints to discuss project advancements, and tools like Jira and Confluence that keep all parties in the loop.
Affordable pricing
We aim to build long-term partnerships and support businesses that bring original ideas to the table. If your project allows us to check both of these boxes, we will be able to deliver the solution at a much lower price than the initial.
Roadmap collaboration
Our areas of competence include digital assets, crypto, cross-border payment processes and remittances, investments, PFM/BFM, etc. If you need a tech partner to develop a project roadmap, you can rely on us.
Security
As an app development company working primarily in the finance sector, we realize the vitality of security. We will implement the best practices and measures to ensure the integrity of your eWallet and data.
How Do We Guarantee Security?
Data privacy regulations
Data privacy regulationsOur digital wallets adhere to industry standards and regulations to ensure the safety of sensitive data.
Multifactor authentication
Multifactor authenticationWe apply multifactor authentication as well as biometric authentication to shield data with an extra layer of security.
Fraud risk protection
Fraud risk protectionWe implement the latest anti-fraud systems powered by AI to minimize instances of fraud.
User data security
User data securitySecure data storage, timely security audits, access managements, and other measures help us protect the integrity of user data
Our Price Models
Fixed price
Fixed priceThe most suitable option for projects with a definitive budget. We sign an agreement that specifies the scope of tasks and the timeframe for their completion. This approach doesn't allow project modifications.
Time & Materials
Time & MaterialsIdeal for projects needing flexibility. We set hourly rates of our development team and decide whose side is going to assign tasks. As the work begins, we send monthly invoices for the hours worked. Since the scope of tasks is not specified, it is possible to make project changes on the go.
For more information on our work process, please visit this page.
Contact Form
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
