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Digital Payment Mobile App Development – Cost & Features

November 26, 2018 | Stark Digital |


What is Digital Payment?

As in our daily routine, If we want to buy something or give money to someone what we usually do is, we give the cash which we carry in our wallet for day to day activities. Just like that, after the digitalization of payment methods, the digital payments is used for making the transaction online and digitally. How does it work is, we first have to transfer money to the virtual wallet account which can be done through card payments or internet banking and you’re all set to do you your digital transactions anywhere and anytime. It has the vast range of connectivity with any platform, hence making it globally acceptable worldwide. They also have the perk of having the connectivity with the variety of bank accounts for the bank to bank transactions.

The digital payments are implemented by technologies such as Bluetooth, NFC, Blockchain and QR code.


Bluetooth and iBeacon also identify your nearby users for making the payments transfer. It helps in making the payment transfer with full security and in a quick way.


Near Field Communication, the technology that is used for sharing the data and transactions the funds with a really easy method.  


Its an evolving trend for making the digital transfer highly secured, mostly used by the governmental organizations and banks as they involve a large amount of transaction.

QR Codes

This is used for making the transactions with the users you frequently meet or the ones who are the part of the social community. Its just required to scan the QR code of the other user’s device, to whom you want to transfer in a really quick and easy way.

 Top Digital Payment Methods in India

  • Card Payments:

You must be very well aware of the banking card as everybody holds one, with them every time, these have been the most used digital payment modes till now. It's basically used for transferring money and making digital transactions. Credit cards, debit cards, prepaid cards, and Rupay debit card are the main types of cards.

  • USSD:

Unstructured Supplementary Service Data (USSD) banking is an internet banking based digital transaction mode. There's no need to have a smart mobile phone or internet access to use USSD banking. USSD banking is as convenient as checking your balance in mobile. It can be used as services such as checking account balance, money transfer, enhancing and getting MPIN. 

  • AEPS: 

Aadhaar Enabled Payment Service(AEPS) is Aadhaar Card based online digital transaction gateway. Only Aadhaar number is required to pay for any kind of transaction. It benefits by the bank to bank digital transactions mode.

  • UPI:

Unified Payment Interface is a digital payment mode used for fund transfers digitally through smartphones. You have the privilege of transaction desired amount between two bank accounts through UPI. Currently, It is only for Android users.

  • E-Wallets:

Mobile Wallets is the digital version of your physical wallet but with more functionality and are an easy and faster way to make payments. When you perform a transaction using your wallet money you do not need any PIN or password. You can use your money in an E-wallet as and when needed. Applications such as Paytm, Freecharge, Tez comes under mobile wallets. The biggest advantage is you can also. perform bank to bank transactions through mobile wallet app. 

  • Internet Banking:

Internet Banking or Virtual Banking is an electronic payment system that lets customers of a specified bank conduct transactions through the bank's website.

  • Mobile Banking:

Mobile banking is the process of making digital transactions on a smart device. It can be used anytime and anywhere. It also includes concern of security and limited usage when compared to banking in person.

  • BHIM:     

Bharat Interface for Money (BHIM) is the most popular and used UPI application. It excelled other UPI apps and mobile wallets. It has the minimal interface for this app.

Here are some basic and self-explanatory features which every digital payment application consists of

  • Geo-location
  • Data synchronization
  • Booking calendar
  • In-app camera
  • Cloud operations
  • Wearable integration
  • Create virtual cards
  • Tokenization
  • Push Notifications
  • QR code
  • Digital Receipt
  • Categorization and portability
  • Loyalty Program



Its mostly depends on the man working hour they dedicatedly invest in developing the application. Different regions charge differently around per hour.

India provides the most affordable services for developing the quality digital payment mobile apps at the price $25 -$ 80/hr everywhere in the country.

The cost of developing a digital payment Mobile app such as Paytm can cost up to $100,000 to $150,000.

About the author


Stark Digital

We have been in the field of web designing & software development for more than 7 years.