How Much Does It Cost To Develop An App Like Paytm

paytm app development cost

About Paytm

Paytm is India’s largest online recharge company headquartered in Delhi , India wherein the company is owned by One97 communication .
Paytm.com at first started with mobile recharge only , which was later on extended to online shopping , Paytm marketplace , wallet and much more . Bus ticket booking , and payment of electricity bills and at the same time gaining cash back in wallet has helped paytm to step up the stairs of success . Since India is getting digitalise , the market demand of online recharge app , and app development companies are getting increased .

Cost of developing Paytm like mobile app :

Well is it really a difficult question !! The cost of developing any recharge mobile application depends on the features ,  the platforms on which you are planning to launch your app and so on . Some of the major factors which determine the cost of app is given below :

App Platform :

The cost varies from platform to platform .  The android app cost is always on higher part in comparison with iOS app , as android app required more written code along with testing on number of devices . In case you are looking of hybrid solution rather than native one , it might not be as successful as the native one . For more information on Hybrid Vs Native app , you can refer our article here .
App Design:
 
App design is crucial part , and the reason to succeed behind every app success . The app design should be made in such a may that is ensures smooth interaction with the user . Engaging and eye catchy design will always bring you repeated customer . Designing an app requires using advance technologies , material design and much more , which goes beyond the role of application developer , and obviously will burden your pocket but will worth it . The designing of the app will be requiring between 80 hours to 170 hours on an average basis .
Lets take on an average around 140 hours to design the complete app , in which :
  • Wireframe required 30 hours
  • User interface will take 50 hours
  • user experience will take around 60 hours .
App Functionalities :
 
When we are talking an app like paytm , it may not necessarily means app completely like paytm . You may want some additional features , and not the complete feature as present on Paytm . Frankly speaking , Paytm is not an app made within few months . The development of the Paytm app requires dozens of developers along with years to build the complete app with all functionalities . According to my opinion , if you are planning to have your own recharge application , start with the few features as required and later on after your app started gaining popularity , you can add on features and functionality in it.  App development and launching is not one time job , rather it is continuous process in order to retain customer and cope up with the competitive world . The app size can be reduced to giving preferences on only core values in version 1 of the app .
Depending on the feature , if you consider the basic functionality like mobile and other recharge together with basic commerce functionality will take somewhere around 390 hours to complete which includes backend development of admin cost and implementation the things with UI .

Third Party API’s Integration :

When it comes to development of the app like paytm , specially the recharge one – it all depends on third party api’s implementation. Where it is matter of online mobile recharge , or nth recharge or you want to book a movie or bus ticket , you have to be completely dependent on third parties API’s so that customer and service providing companies can directly gets connects while using your app platform . Third party api’s implementation  requires man-hours ranging between 200 hours – 400 hours depending on the api’s required by you . Also in third parties api’s , implementation hours also depends on how well the third party support to mobile app development company in implementing their api’s .
So the api’s implementation part will take on an average of 300 hours to implement the api’s .

Mobile Wallets :

Wallet act as a lifeline for any recharge app . Recharge app is nothing without a wallet .Mobile wallet app development and its integration requires additional hours depending on the requirement . When talking about paytm mobile wallet , it allows you to add money in wallet , send money to your friend , pay money to vendor , transferring the money to your bank account and much more .
The complete wallet functionality as present on paytm wallet will be costing 270 hours of man hours.
There are numerous other features and functionality that can impact the app cost estimate like push notification , news feed , geolocation  , sms gateway integration and so on .
So interested in knowing how much Winklix charges for Paytm like app development ? Get an instant quote , feel free to contact us at info@winklix.com or contact us by filling the form .
Winklix.com is leading mobile app developer and game app development company serving worldwide .

AVOID THESE MISTAKES WHILE DESIGNING YOUR APP

There has been a sharp rise in the app development industry. Due to this very reason, the number of jobs in the IT industry keeps on augmenting. But… what it takes to design an app, let’s find out!

According to recent studies, there are millions of applications worldwide and the number keeps on growing with each passing day. Not all the apps make it through the success benchmark and lot of apps fail due to poor app design. Here we will be explaining the mistakes that you must avoid while designing your app.

Finding out the errors in the development phase is an easy task. We can just allow users to test the applications and according to the results, errors can be corrected. However, if we ignore the errors in the testing phase, then it becomes really difficult to test the application.

There is always a trail left behind…

 

With this entire app development process on the rise, even the most experienced developers will leave an error. No matter how good they are, they will always leave an error behind. This error will negatively impact the brand image. The worst part is that the error may be so minute that we may not be able to detect it. But  it will seriously impact the app performance .

We have made a list of the most commonly occurring errors in the designing of the app. This will assist the designers and developers to do designing and development respectively very efficiently. This list goes on as follows:

  • Ignoring the flow of application

It is very essential that the application must have a proper workflow and it must be convenient for the users to use. It will be huge mistake if you don’t think about the flow of the app before designing. It may make the users confused about how to reach a certain feature of the app. It may also happen that something comes up after the beginning of designing which you ignored due to which you will have to undo previous work. So it is important to keep in mind about the proper flow of app.

  • Designing the app for all the platforms at the same time

Both android and iOS are completely different from each other. Investing money on both the apps together is not a good idea because if your app fails, then you will have to suffer losses on both platforms. However if you  prefer to design your app only for one specific platform, then you can get a brief overview to see the reviews of all the people. So even if you design fails, you can improve the design on other platform. This will save lot of money

  • Expecting users to use the services without offering anything

This is foolish and one of the biggest mistake that app designers make. If you don’t provide anything then asking for registration from the users is not a preferred step as the users will not waste their time to register. However if you are providing something, then you would have to show the consumer what you are providing before asking them to subscribe. You can do this be providing screenshots and description on the app store page.

  • Ignoring the importance of on-boarding

On-boarding is the first step when users use the app after downloading. First impression is everything. If you are not able to produce a good impression for your app, then no one is going to use it. Explain the whole process of how to use the app to the users. Make proper slides or animation explaining each and every detail.

  • Not giving importance to the UX of the app

A great design is very necessary for attracting the user. If you don’t have a great layout design of the app, then you will have difficulties in bringing more downloads of your app. So make sure that your app has a great design.

  • Too many features

Make sure that your app does not incorporate too many features as it will make the user confused about the different features of the app. Start with the basic design and then gradually add the features which will compel the users to use the app.

  • Having different design layouts

Too many layouts of design in the same app can confuse the user. It feels as if the app design is not standard and makes it very ordinary which will give a bad image of the app

  • Doing beta testing by yourself

As the alpha testing is done by the developers and designers themselves, the beat testing must be done by someone who has  no knowledge of the app. This is because we have to get both perspective of the app, those who use the app and those who don’t use the app.

Winklix  is an mobile app development company located in the heart of India. It is one of the best app development companies in India. Looking in case you are looking for the best app developer and designer in feel free to contact us anytime !

 

THE FUTURE OF MOBILE APP DEVELOPMENT

mobile app development

When I was young I remember a TV show stating about the future world. In that show it deeply described about how technology is going to change the world. And I always used to wonder- will I be able to talk and control the machines in the future? Well now… I have the answer fast forwarding to today. The big heavyweights in technology like Google’s Home and Amazon’s Alexa has been making their presence felt with the help of voice recognition technology through which we are able to talk with the appliances. This has been made possible due to Internet of Things.

In the current scenarios, developers are already looking to explore new technologies and their specified areas:

Voice Recognition Software: 

Talking to Siri is just a beginning of how we will be able to control the devices with our voice. This technology not only helps in communicating with the apps and smartphones but it assists in providing dedicated service to the user

Machine Learning:

As we all are aware of the recent acquisition of Deepmind by Google which has led to growth of an artificial intelligence agent which has learned to play the games better than the humans and it keep on improving itself. This is the best thing about machine learning; the machine keeps on evolving and learning. Machine learning apps are truly a technology to look for in the future.

Cyber security:

The confidentiality of a person data in very important. With the recent rise of blockchain, this has given an entirely new prospect of ensuring safe, documented and secure transactions. This is certainly the technology to watch out for. This will give rise to blockchain apps in future.

Mobile app development with Machine Learning and Artificial Intelligence

Artificial Intelligence is a technology for which everyone is excited about. The reason behind this excitement is the reason that one day our daily tasks will be done automatically. Isn’t it amazing?

Well… the trend has already started with the Google’s acquisition of Deepmind which has received tremendous response. IBM has recently launched WATSON which with the help of Big Data has been used for treating the patients in a hospital. WATSON scans all the details of the patient and comes up with the best possible treatment of the patient. Isn’t it fascinating? 

There is a start-up which is developing software which can detect the presence of rare disease just be reading the facial expressions. The rare disease shows symptoms in your facial structure which is read by the AI enabled machine, thus helping in detection of disease.

Blockchain and high end secure banking solutions

Recently there has been huge innovation in the way banking is done. There are apps like Monzo which are taking large strides in the mobile banking. It allows users to keep an eye on the account balance and charge very low on foreign currency transactions. It got its banking licence approved recently.

Blockchain has been creating a lot of buzz recently. The rate at which blockchain is growing is extraordinary. It creates a digital ledger for the transactions which provides an incorruptible data or record of the transactions made which is hosted in many places. It can be updated by lot of users instantly. In every organization, security is the key in the every transaction. Blockchain provides exactly that as the blockchain keeps an entire record of every transaction.

Chatbots

Everyone who has used the internet would have saw chatbots on various websites. The websites use these chatbots to help the users to resolve their queries, and answer the frequently asked questions. There is a great future ahead of chatbots. They have very high demand presently and will continue to have in the near future. 

In the future it may happen that chatbots will be used as logging software. Logging in is a very time taking process but with help of Chatbots and AI, this process and be quickened and can be made smarter. Rise of the chatbots is foreseeable. 

Chatbots are like mini apps inside the apps. Chatbots can helps in the free app services like Facebook messenger, Whatsapp to tempt and attract the customers. 

As we can see that there is a huge scope for these types of technologies and app. In the near future there will be a great demand of these types of developers and apps. The apps are incorporating these technologies, changing our future. These services will produce the outputs that will completely change the lives of people.All these type of technologies will give the rise to new apps. If you have an idea that can transform the lives of the people incorporating these technologies, then contact us as we are the best app development company  and we will assist you in turning your dream apps into reality.