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With the latest tech advancements, where almost every sector is evolving, so are finance and banking. People used to face extreme difficulty while sending and receiving money. Mobile wallets and UPI apps are gaining extensive popularity among people as they provide a seamless and secure platform for money transactions. Some of the popular UPI apps that exist today are Google Pay, Paytm, Amazon Pay, etc. These provide local/ domestic and international transactions just through a single swipe.
UPI apps are secured with top-notch security standards, making it a reliable application. In recent years, these have undoubtedly replaced cash/cards because of the convenience they provide to the customers. Besides this, there is absolutely no risk involved while proceeding with the transaction.
The UPI app development cost ranges between $20k-$60k, depending upon several parameters. Talk to our experts at Suffescom and get an exact cost estimation.
Our talented professionals will provide you with an affordable budget for your UPI app as per your project needs. For further information, get in touch with our experts.
The development process is an important step with several stages. The manpower required during these stages directly relates to the UPI app development price.
| Development Process | Cost Estimation |
| Consultation | $3000-$4000 |
| Planning And Research | $4500-$5500 |
| Designing | $5000-$6000 |
| Development | $7000-$8000 |
| Testing | $5500-$6500 |
| Launch And Maintenance | $5000-$6500 |
| Marketing | >$5500 |
The size of the company, including the employees, has the biggest impact on the development cost of the UPI app.
| Company’s Size | No. of employees | Development Cost |
| Startups | Up to 50 | $20,-30000 |
| Medium scale | 50-250 | $30-$50000 |
| Large scale | >250 | >$ 50000 |
Another important factor that contributes to the development cost is geo-location. Different countries set their standards according to which the budget is decided.
| Geographical Location | Charges Per Hour |
| USA | $70- $80 per hour |
| India | $35-$45 per hour |
| UK | $50-$60 per hour |
| Europe | $55-$70 per hour |
| UAE | $50-$60 per hour |
Nations that have already become tech hubs will obviously charge more because of the hourly charges of the developers.
Technology stacks are the building blocks of any app development. These are crucial for the efficient operation and improved performance of the created UPI app. It involves the operating system, databases, front- and back-end tools, programming languages, frameworks, and APIs.
| Tech-Stacks | Cost Estimation |
| Programming Languages | $7000-$12000 |
| APIs | $5000-$8000 |
| Frameworks | $6000-$9000 |
| Artificial Intelligence | $8000- $15000 |
| Operating system | $10000-$14000 |
| Cloud storage | $12000-$15000 |
| Database | $7000-$12000 |
Broadly speaking, two major categories of developers are in-house team developers and freelancers. The charges taken from the developers of a dedicated app development company are more than the freelancers. In terms of the working process, freelancers don’t follow any streamlined process, whereas the hired development company follows a complete project management cycle without missing deadlines.
| Category Of Developers | UPI App Development Price |
| In-house team | >$40000 |
| Freelancers | $25000-$45000 |
Allows quick transactions to take place without any interruption, enhances business opportunities, and offers better liquidity management.
Shows every detail related to customer retention, KPIs, key metrics related to sales and tracks the business data with the help of interactive graphical chats.
Help generate reports that are solely based on the customer's data. With modern analytic and reporting tools, the data is made visually appealing, and most importantly, strategies are formed to make changes that will affect the business.
At Suffescom, we adopt agile methodologies, making the entire development process budget-friendly. Hire our vetted developers and kickstart your development journey!
Provides swift money transfer by scanning code anytime, anywhere, without cash/cards. It does not allow any hidden charges and provides top-notch security by validating the credibility of the merchants.
With an AI-powered voice-assisted bill payment facility, bills are paid within a fraction of a second. Users can link multiple bank accounts to their smartphone device and make transactions without requiring account no./IFSC code.
Provides notifications to the users whenever they make any transaction, cashback offers, reminders, or other instant updates.
High-end security standards are added to the UPI app to mitigate the risks of phishing, eliminate fraudulent activities, and implement infrastructure measures like security audits, firewalls, encryption, etc.
Other exceptional features are available in our UPI app development, and if you want to customize attributes, we can do that for you. But the development charges will increase according to that.
The type of app platform tremendously influences the UPI app development cost. The two most in-demand operating systems are Android and iOS, and depending upon their project requirements, the development cost will vary. In Android, the testing takes place on an increased number of devices, making the development process a bit lengthier. On the other hand, iOS requires testing on relatively fewer devices, saving ample time and costs.
The popular mobile app platforms are React Native, Flutter, Ionic, Firebase, Xamarin, Firebase, Xcode etc. They possess different features and have distinct speed/efficiency/security risks that impact the development cost.
The UPI app development cost is not just limited to developing apps; testing is equally important. It checks the app's performance by removing the irregularities and errors. Different types of testing require different development costs. Here, we have mentioned some of them;
They all serve a different purpose, and pertaining to their ability, their contribution to the development cost will differ.
UPI payment app development from scratch will require more time as the goals are to be defined, competitive analysis needs to be done, creating/testing wireframes, and features included that are 100% customized. On the contrary, the development time is shorter as the entire design and functionalities are taken from the original application. Moreover, the app is ready to deploy and takes a few days/weeks to get developed.
The design of the UPI application decides how the customers will perceive the app in the first place. The design is usually basic, mid-level, or complex; depending upon the design level, the cost changes.
| Design Level | UPI App Development Cost |
| Basic | $25-$35000 |
| Medium | $35000-$55000 |
| Complex | >$60000 |
With more than a decade of experience in the IT industry, we have developed several mobile/web platforms catering to different industries. Our unique business approach and technically skilled professionals make us the No.1 choice of businesses. Below, we have mentioned some of the key reasons that make us distinct from our adversaries.
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