Cost to Develop An App Like Zain Cash Jordan in 2024

Mobile wallets and payment apps are becoming more and more popular in this digital world. One great example is Zain Cash Jordan, which lets people send and receive money, pay bills, and add money to their phones all from their smartphones. You might want to make a similar app, but first you need to know how much it will cost to build an app like Zain Cash Jordan.

This blog talks about the things that affect how much it costs to make a payment app like Zain Cash Jordan. We’ll talk about the different costs, from the original build to the ongoing upkeep. If you know about these things, you’ll be better able to guess how much money you’ll need to make your creative payment app idea happen.

So, let’s get started!

Table of Contents

What is a Zain Cash Jordan App?

Zain Cash Jordan is an app for your phone that lets you easily handle your money. It works like a digital account that you can view on your phone. You can give and receive money, pay fees, add more credit to your phone, and even buy pre-paid internet data bundles with Zain Cash. It is very similar to an ewallet app like Payit.

The Central Bank of Jordan keeps an eye on the app and makes sure it is safe. You can sign up for Zain Cash at any Zain shop or approved agent. They will help you set up the app and connect a Mastercard to your phone wallet.

Market Statistics Of Mobile Wallet Services

In the United Arab Emirates, the number of people using their phones at the point of sale rose by 13% between 2020 and 2023. In 2020, only 28% of respondents used their phones to pay at point-of-sale (POS). By 2023, that number had risen to 41%.
It is thought that between 2023 and 2027, the compound annual growth rate (CAGR) of these kinds of digital wallet purchases in e-commerce will be 15%.
Still, Latin America and MEA (Middle East and Africa) are expected to have smaller amounts of the digital wallet market than Asia.

Less than half of all e-commerce payments were made with wallets in 2016. That number will rise to 61% in 2027.
The Digital Payments market is expected to have around US$29.75bn worth of transactions by 2024.
Total transaction value is expected to grow at a rate of 5.92% per year, or CAGR 2024–2028, reaching a total of US$37.45bn by 2028.
Digital Commerce will be the biggest business, with planned transactions worth US$18.44bn in 2024.

What Is the Cost To Develop An App Like Zain Cash Jordan?

If you are looking for a cost to build an app like Zain Cash Jordan, we can help you out with that. The ewallet app development cost changes based on your wants and any extra features you want. We’ve already talked about all the things that can change the total cost. We think it will cost more to change the basic e-wallet app.

The above factors show that the cost to develop an app like Zain Cash Jordan for Android is around $10,000 to $15,000. Making the same app for iOS will cost around $18,000 to $25,000. These price estimates are for the e-wallet app that only does simple things. Because the above things change based on your wants, the total cost will also change.

The cost to develop an app like Zain Cash Jordan for an iOS app development team is shown in the chart below.

App Complexity	Cost Estimation
Simple Zain Cash Jordan-like App	$10000-$15000
Medium Zain Cash Jordan-like App	$15000-$20000
Complex Zain Cash Jordan-like App	$25000

Factors Affecting the Cost To Develop An App Like Zain Cash Jordan

Now that we’ve talked about most of the important ones, you may be asking what else affects the cost to develop an app like Zain Cash Jordan. These prices have changed a lot depending on the type of app, the features that need to be added, the technology stack that was chosen, and the devices that the app will be used on.

1. App platform

It might be more expensive to build an E-wallet app like LikeCard or Zain Cash for both iOS and Android than for just one device. It can take longer and cost to develop an app like Zain Cash Jordan ore because each development has its own setting and needs.

2. Features

The longer and more resources you need to make an eWallet application in Morocco, the more features you want to include. EWallet mobile payment apps usually have features like reward programs, handling payments, coupons, gift cards, and the ability to keep track of expenses.

3. App Design

How you build your eWallet app can change the cost to develop an app like Zain Cash Jordan. It will take more time and money to carry out a very complicated or unique design. The user interface and user experience design have a big impact on the cost of development.

4. Location

Where your development team is located may affect the cost of development because of changes in the cost of labor and other things. To give you an example, it will cost a lot more to hire an ewallet app development company in a high-cost area like New York or San Francisco than in a low-cost area like Dubai.

5. App Type

Different kinds of e-wallet apps need different things. For example, a cryptocurrency wallet will need a lot more complicated protection steps than an open wallet. The cost to develop an app like Zain Cash Jordan will depend on the type of app you want to make.

6. Complexity

The cost to develop an app like Zain Cash Jordan may depend on how complicated your app is. Adding complex features like biometric identification or multi-factor security may make the cost of making an app higher because they need more time and resources.

7. App Size

The cost to develop an app like Zain Cash Jordan can change based on its size. A big app needs more features, more time, and more funding. Because of this, it might make the cost of making the ewallet app like Mobily Pay or Zain Cash Jordan go up.

8. App Development Team

The cost to develop an app like Zain Cash Jordan can depend on the size and location of your development team. Digital wallet app creation may cost more if you hire a larger group or team with specialized skills, but it may cost less if you hire a remote unit in a low-cost area.

Key Features To Build An App Like Zain Cash Jordan

Features are very important when making a digital wallet app. Adding the best features to your mobile payment app will make it more likely that your target audience will love and use it a lot. When you build an app like Zain Cash Jordan with the help of hire dedicated developers, these are the traits that will make a difference.

1. Digital Wallet

There is a digital wallet at the heart of every payment app. People can store their digital money and easily pay for things with a digital wallet. These wallets usually work with payment card tokenization services from MasterCard and Visa, since most banks in the country work with those two companies.

2. Send or Request for Funds

People who use the P2P app can ask other users for money and give money to other users. Include this important feature in your app so that your users can make deals quickly and safely. This will help you build a strong payment platform for e-wallet app development solutions.

3. Currency Conversion

One of the best features that can help your mobile payment app become famous is the ability to automatically convert between different currencies. When this feature is added, your users will be able to buy things and pay for services in other areas. It might cost more to make an app like Zain Cash Jordan.

4. Transaction History

Adding the ability to see a log of transactions will help your customers keep track of their money and balance their comings and goings. As much as possible, try to let your readers see their account information when you develop an eWallet app. There are a lot of competitors in the market, so you need to give your people special tools that let them manage their own money.

5. Send Invoices and Bills

For the ease of use of your users, your app should be able to create bills or receipts that can be received by both the sender and the receiver. The ability to make bills should work with common file types like PDF and downloads from within the app. Also, it should be easy for your users to share the reports and bills that you make.

6. Unique ID or One-Time Password

KPMG says that in 2018, 72% of businesses were hit by different kinds of hacking. This included DDoS attacks, scams, and spam that caused end users to lose a lot of money. Based on these numbers, you need to pay close attention to how safe your payment app is. So, to avoid fraud and deals that aren’t meant to be made, your users should be able to prove the Unique Identification Number (OTP) while they’re making a purchase.

7. Bank Account Transfer

As per the hybrid app development company, allow users to send money from apps like Zain Cash to their bank account and back again. This will make your peer-to-peer payment system more useful and easy to use. Adding this feature to your app might make it cost more to make one like Zain Cash Jordan.

8. Push Notifications

If you add the push notice feature, you can quickly let your users know about sales, new deals, or other changes. Users will also be able to get quick texts or alerts whenever they do any kind of trade. You should remember, though, that users may get annoyed by constant push alerts. So, instead of annoying them, it’s better to send them messages that will get them to use your app.

Tips To Reduce the Cost to Make An App Like Zain Cash Jordan

Zain Cash Jordan is a great way to pay with your phone, but it can be pricey to copy its features. Here are some important things you can do to make an app like Zain Cash Jordan cheaper:

1. Prioritize Features

You can use Zain Cash to pay bills and send money to other people. Figure out which features are most important to your target group. Start with a Minimum Viable Product (MVP) that only has the most important features, like registering users, letting them log in safely, sending money, and showing a basic history of transactions. Depending on what people say and what the market wants, you can always add more features later.

2. Platform Choice

It can cost a lot to develop an eWallet app in minimum budget that works on both iOS and Android. Think about using tools like React Native or Flutter for cross-platform programming. With these tools, you can make a single script that works on both devices. This makes it cheaper to make an app like Zain Cash Jordan.

3. Security is Paramount

To save money, don’t skimp on protection. Strong security measures should be put in place, such as multi-factor login, data encryption, and safe code. Work with a payment processor company with a good reputation to make sure that transactions are processed safely and reliably. It might make it cheaper to make an app like Zain Cash Jordan. Skimping on security can hurt user trust and could even get you in trouble with the law.

4. Embrace Open-Source Solutions

Open-source tools and libraries can be very useful. A lot of pre-built systems can handle things like logging in as a user, sending push messages, and connecting to social media. This lowers the cost to develop an app like Zain Cash Jordan and gives you more time and money to add features that make your app stand out.

5. Consider Outsourcing

It can be pricey to hire full eWallet app development companies in Dubai to work for you. Look into the choices for outsourcing certain jobs, such as UI/UX design or backend development. Always look for development teams that have built banking apps before and have a good track record.

6. Focus on User Experience (UX)

For users to accept something, the user interface (UI) must be well-thought-out and easy to use. Spend money on making an experience that is easy for people to understand and manage. Take user comments into account as you build to keep improving the UX.

Conclusion

It might be better to spend money on making an e-Wallet app. But if you do it right, it can be a good move that pays off. The cost to develop an app like Zain Cash Jordan depends on a number of things, such as the features you want, the platform you want to support, and how complicated the app is.

You should carefully think about your options and hire an iOS or Android app development company with a lot of experience to make sure your app meets users’ wants and gives them safe and reliable ways to pay. With smart planning and execution, a Zain Cash Jordan mobile app development solution can give millions of people a popular and easy way to pay.

FAQs!

1. How Much Does it Cost to Develop An App Like Zain Cash Jordan?

The cost to develop an app like Zain Cash Jordan depends on the design method, the number of hours needed to finish the job, and the features and functions you want to add. The average cost to make a payment app is between $10,000 and $25,000. The exact amount depends on how hard the project is and how big it is.

2. How Long Will It Take To Develop An App Like Zain Cash Jordan?

Building a complex financial app like Zain Cash can take 2-7 months depending on features, team size, and development approach. Expect a longer timeline for stricter regulations or entirely new functionalities.

3. What Are the Benefits Of Zain Cash Jordan App Development?

The benefits of Zain Cash Jordan App Development are given below:

Increased Convenience: Users manage finances easily with secure mobile payments.
Enhanced Financial Inclusion: Reaches unbanked populations through mobile phones.
Boosted Efficiency: Streamlines transactions for individuals and businesses.
Reduced Costs: Saves time and money compared to traditional cash transactions.
Improved Security: Utilizes secure features like PINs and biometrics.