Do you want to build an app like Slice? If yes, then you’ve reached the correct place. Fintech is a hot topic in the IT industry right now. From online shopping to mobile transactions, these apps are used almost daily by users. One such app called Slice is seeing a meteoric rise in popularity.

It offers a digital credit card that meets the needs of its target population by providing fast financing without the inconveniences of conventional banks. Due to its huge demand, various industry leaders are looking to grab this opportunity by investing in fintech app development.

If you are also one of those industry leaders, then you must read this blog to build an app like Slice–a groundbreaking fintech app that helps users track their money. It will cover everything from steps, features, costs, and other aspects to develop an app like Slice.

So, let’s begin.

What Is A Slice App?

Slice is a money transfer app that was created to assist users in managing their money, such as budgeting, saving, borrowing, and investing. It helps users to make super-fast payments with slice UPI, setting up auto-payments for all their bills and recharges from one place.

By using this app, they can track all their payments to understand their patterns and gain insights and optimize their expenses. So, if you are planning to build an app like Slice, then you must hire a mobile banking development company.

Current Market Statistics Of Fintech Industry

• Between 2017 and 2023, the sales of financial services around the world went up sharply. The industry was expected to bring in a total of $79.38 billion in 2023.
• As per Statista, the global fintech business will make even more money in the next few years and will be worth more than $141.18 billion in 2028.

• It is expected that the number of users who use digital payments will slowly rise until it reaches 4.81 billion in 2028.
• In the fintech market, the number of users is projected to amount to 4,805 million users by 2028.

5 Steps To Build An App Like Slice

Are you looking to build an app like Slice? Well, developing a fintech app like Slice might be a bit complex as it requires extensive expertise. However, you can build your fintech app like Slice by taking assistance from a banking mobile app development company. But now first check out the process to create an app like Slice.     

1. Validate App Idea & Do Market Research

Firstly, you should validate your fintech app idea with the development team to determine its viability. For example, you may purchase millions of apps on Google Play or the Apple App Store. What are the chances of your app becoming successful? One way to answer this question is to look at your competitors.

It’s an essential part of figuring out how to test an app idea. Besides, you must determine the pain point of your target audience and what they value before you develop e-wallet apps like Slice. Once you’re done with the market research, you can now move on to the next stage.

2. Define Essential Features

Features are a crucial aspect of mobile banking development. Based on your market study, you should outline the essential features that you want in your fintech app like Taptap Send. Which features help reach which goals?

Why would someone want to use each feature? Solving these queries helps you to clearly depict both the feature and its purpose. It can help the development team to understand its purpose and implement it.

3. Design Alluring UI/UX

As you know, app design is a crucial factor in fintech app development. It helps you understand how users interact with your Slice-like app. You can create a visually appealing app design that is user-friendly and helps to build a loyal user base. When you make a logo to build an app like Slice, make sure it assists in strengthening the brand image.

4. Develop Your Fintech App

Now comes the main step to build an app like Slice, which is the backend part. All the information in the above stage will be gathered here by the iOS or Android app development company.

They will add features and functionalities to your app using advanced technology. Backed development controls the databases, servers, and apps that drive the user interface of any platform.

5. Test & Release Your App

After you have successfully created the backend structure, it is time to check the app’s usability, functionality, and errors. Once your app is tested and error-free, you can release it in the respective app store.

However, you should keep in mind the guidelines when launching your app on the Play Store and App Store. Moreover, your work doesn’t stop here. Regularly maintaining a mobile app can help improve performance. But you should first ask about the cost to maintain an app. 

Must-have Features To Build An App Like Slice

“What features should I add to my app to make it successful?” – It is the first concern of every entrepreneur when developing a fintech app like Slice. Well, it is quite complex to choose the features that fit your budget. However, an ewallet app development company can help you in determining the best ones. Some of the essential features are mentioned below: 

1. User Registration

When you build an app like Slice, you must add a user registration feature that enables users to sign up quickly. Also, you may facilitate social media logins like Instagram and Facebook.

2. Financial Feeds 

A user-specific feed displays pending transactions, recent transactions, planned debits, account alerts, and notifications. AI analyzes spending patterns and transactions to provide timely and tailored recommendations to help users manage money.

3. External Account Aggregation   

Build a wallet app like Slice by integrating bank account features from different institutions securely via account aggregation APIs like Plaid. This lets the app combine external account balances, holdings, and transaction history for a holistic financial picture.

4. Expense Tracking 

Fintech apps like Slice should help users to monitor daily expenses. It should assist them in sorting their spending into groceries, entertainment, meals, etc. If you want to develop an eWallet app on a minimum budget, then you must keep in mind to integrate only basic features like external account aggregation.

5. Multiple Payment Options

When you build an app like Slice, an online feature is a must-have feature. So, you must provide multiple payment gateways like debit/credit cards, e-wallets, and so on that enable users to smooth payments.

6. Push Notifications 

The app should inform users of banking account activities via notifications or message alerts. They should also be updated on account balances, planned transactions, and deposits.

7. Bio Authentication      

Biometric authentication is a crucial function for a fintech app like Al Ansari Exchange. The increased security feature should support fingerprint, Face ID, two-way authentication, etc.

8. AI Voice Assistant   

When you build an app like Slice, it is vital to integrate chatbots and voice assistants into it. Users may save time by automating customer service using chatbots and voice support.

How Much Does It Cost To Build A Fintech App Like Slice?

App development cost–it is a crucial aspect that every entrepreneur thinks about before investing in it. This is because e-wallet app development costs totally affect your budget. So, if you are planning to build an app like Slice, it is essential to know its cost.

On average, the cost to create an app like Slice can be somewhere between $8000-$25000. However, it can also go up to $30000 if you integrate advanced functionality like AI voice assistant and personalized recommendation. Here is the table showcasing the cost to develop a mobile app on the basis of app complexity.

Moreover, if your budget is less, then you must go for cross-platform development. For better results, you can contact one of the best eWallet app development companies, who can provide you with a full-structure cost estimation while keeping your budget in mind.

Choose Dev Technosys For An Amazing App Like Slice!

After knowing how to build an app like Slice, it is high time to give your fintech app idea a life. You must do it by working with an Android or iOS app development services provider that specializes in fintech app development. Dev Technosys can help with that! Our expertise in creating mobile applications, including finance, spans over twelve years.

Our developers can make any type of fintech app, from Chime to Slice, within your set budget and time. So what are you waiting for? Share your requirements with us and get your Slice-like app developed in no time.

FAQ About Slice App Development

1. How Long Does It Take To Build An App Like Slice?

The time frame to build an app like Slice can generally rely on the app’s intricacy. For example, a simple app like Slice can be built in 2-4 months. However, a complex app like Slice may be built in 5-9 months, depending on the functionalities.

2. What Are the Key Considerations When Developing an eWallet App?    

When you develop an e-wallet app like Payit, it’s essential to think about aspects such as determining the app’s objective. You should also perform a thorough market & competitor analysis and ensure user expertise.

3. What Are the Benefits Of Creating An App Like Slice?

The benefits to make an app like Slice are mentioned below:

• Improve data management
• A larger audience
• Increase user experience
• Enhance usability

4. How To Monetize Fintech Apps Like Slice?

There are multiple monetization methods that you can use to monetize your Slice app for iOS or Android. For example:

• In-app advertising
• In-app purchase
• Subscription model
• Freemium model
• Collaboration
• Affiliate marketing