How Much Does an App like Paytm Cost?
Overview of Paytm:
Paytm (Pay through mobile) is one of the largest online recharge and shopping sites in India. Owned by One97 Communications, Paytm was started with offering online mobile recharge and later expanded to online shopping with similar kind of products sold by Flipkart, Amazon.com, and Snapdeal. Bus ticket booking and electricity bill payment are the latest service added, which has made Paytm an all-in-one portal. Paytm is available as mobile app on iOS, Android and Windows smartphones. There is a great demand for Paytm like app development in the app world, which has increased the cost of the kind of its app.
Being a promising venture, Paytm got $575 million investment from Chinese e-commerce company Alibaba Group. Indian industrialist Ratan Tata also made personal investment in Paytm. Paytm is also a sponsor for all international and domestic bilateral cricket match series hosted by the BCCI. Today, Paytm is an inspiration for hundreds of young entrepreneurs.
FuGenX, a global mobile app development company in India, has helped hundreds of inspired entrepreneurs to develop successful m-commerce (e-commerce) apps with innovative features and futuristic solutions.
Key features of Paytm App:
- Easy taps options to recharge mobile, DTH, and Data card, and to pay electricity bills, gas, metro, landline/broadband, education and insurance bills.
- Easy shopping of mobile phones, home appliances, clothes, sports equipments, and stationery products
- Book bus tickets, hotel rooms, music, movie, and TV shows
- Easy payment options like credit card, debit card, net banking and Paytm Wallet
- Paytm Wallet makes payment hassle-free and secure
- Cashback offer on using the promo code
Real development cost of Paytm like App:
Cost of Paytm like app development depends on following major factors:
App platform (Android, iOS (iPhone), or Windows):
Paytm like app’s development cost varies from platform to platform, but not much difference.
It is very important for Paytm like app to have an engaging design. Engaging or user friendly design can bring repeated customers. Designing the engaging app needs the effective use of advanced technologies and tools, which can increase the cost, but worthy.
App size means the total number of features and functionalities the app will have. The app size can be reduced by giving preference for only recharge feature in the version 1 of the app.
Paytm like app development charge can vary on the developers’ geographic location and experience.