Business Idea: Create A Digital Wallet App in 2025
A digital wallet is a financial transaction application that runs on mobile devices. In today’s digital era, people demand the freedom to purchase anything and be able to pay from their digital wallets.
With technological advancement, making digital payments has become easier than ever before. Anyone can use mobile payment platforms to pay and accept payments online. Therefore, creating a digital payments wallet can be a great business opportunity.
To create a digital wallet, conduct extensive market research and create a business plan. It would help if you could hire competent programmers to create a secure payment gateway.
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Revenue & Profitability
How much do digital wallet apps make?
Startup Costs
How much does it cost to create a digital wallet app?
- It can cost as low as $150 to create a digital wallet app.
- It can cost as high as $700,000 to create a digital wallet app.
Learn more about the costs of a digital wallet app.
Examples Of Successful Digital Wallet Apps
Successful digital wallet app businesses and case studies
iCard is a leading e-money institution that offers a unique and 100% digital bank account alternative, with their app and services supporting the daily payments of people in over 30 European countries, and since launch in late 2017, the iCard app has seen around 500,000 downloads.
Finvault co-founder Punit Thakker discusses the digital wallet's mission to financially connect users worldwide by providing one platform to manage all bank and crypto accounts; the platform is due to launch with initial features, including a crypto exchange, and is projected to achieve a customer acquisition cost of $10.75 and lifetime value of $4,800 based on a two-year lifecycle assumption.
