Develop An App Like Halan in 2024

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Fintech is not just about making money, it’s about making the world a better place.” – Matteo Rizzi.

Halan has become a household name in the financial services sector, allowing users to manage their finances seamlessly. But if you have a fintech business and want to create an app like Halan. What will be the cost to develop an app like Halan will be your concern that can compete with the big ventures?

In 2022, the global BNPL was worth $25.4 billion. By 2032, it’s expected to be worth $160.7 billion. This shows the demand for fintech apps is growing and due to which many entrepreneurs are looking to invest in Halan app development. So, if you are one of them, this blog is for you!

It will cover everything from the nitty-gritty of FinTech app development costs. We’ll explore various factors influencing the cost, providing a roadmap to estimate the budget for your Halan-inspired app.

So, let’s begin!

What Is A Halan App?

The Halan App is a BNPL app designed to provide flexible financing solutions. It allows users to purchase goods and services without paying the full amount upfront, instead opting to pay in installments over time.

Halan offers a range of financial services like microloans and bill payments, targeting underserved markets in emerging economies. However, it also provides ecommerce services. So, if you are planning to build an app akin to Halan, it is best to hire an Android or iOS app development services provider.

Market Statistics & Growth Of BNPL Services

Between 2021 and 2026, the number of BNPL deals around the world is expected to rise by about $ 450 billion.
This shows up in BNPL’s market share in more than 40 domestic e-commerce areas around the world.

As of 2022, about 360 million people around the world were using BNPL services.
In the next five years, that number will more than double.
There will likely be 900 million BNPL users by 2027, which is 157% more than now.

What Is the Cost To Develop An App Like Halan?

Setting aside an average, you may expect to pay anything from $10,000 to $30,000 for the cost to build an app like Halan, relying on your project parameters. The next question that comes to mind is whether people will be thinking about the wider window in this Halan app development cost range!

There are, however, a lot of things that can affect the growth of any kind of app. So, before you hire the best mobile app development services provider to work on your project, you should fully understand the costs will be split and what factors will affect them.

To begin, here is a list of the costs for making different kinds of Halan-like apps, along with an estimate of how long each one might take to finish:

App Complexity	Cost Estimation
Simple Halan-like App	$10000-$15000
Medium Halan-like App	$15000-$20000
Complex Halan-like App	$25000

Now that you know the actual cost to make an app like Halan, let’s now have a look at the factors.

Factors Affecting the Cost To Develop An App Like Halan

Depending on several important factors, the amount required to develop an app like Halan varies greatly. Each factor is very important when assessing the total cost structure. Here are the primary factors that affect the cost to build an ewallet app like LikeCard or Halan.

1. Platform Choice

If you want to build an app like Halan, the first and most important thing you should think about is which platform to use. To choose the right platform for work, businesses need to think about who they’re trying to reach.

It will take longer and cost to develop a mobile app similar to Halan that works on both Android and iOS. Cross-platform design, on the other hand, might be better, but you won’t be able to make the interface work better on any one device.

2. Choosing the Features

The next important thing to think about is what features you want your BNPL app development to have. Whenever you’re making an app similar to Halan, you need to make sure that your features work just as well as theirs.

With active features in the BNPL app, you can make sure that users have a safe and easy time making payments. So, if you want to make an app like Halan, contact a banking app development company. They provide the general cost to develop an app like Halan.

3. Picking the Right Development Team

Choosing the right team for the job is the third and most important thing that affects the cost to develop an app like Halan.

If you hire the right team, you can save a lot of money on app creation in general. When it comes to UI/UX design, adding features, or difficult development, they can save you a lot of money.

In addition, the right group of professionals can also help you figure out how to make money with halan-like apps that your rivals are already using. But some people think that hiring a shopping app development company is pricey because they have large teams and lots of tools.

4. Compliance with Regulations

To stay current with data security laws, financial rules, and industry standards like PCI DSS, you need to do regular checks for compliance, legal advice, and monitoring. All of these things add to the cost to develop an app like Halan.

Setting up systems to control user permissions, follow data retention rules, and set up data breach notification procedures are also necessary to meet regulatory requirements.

5. Size of the Development Team

The cost of a project depends on how big the development team is. Larger teams may be able to finish jobs faster, but they also need more resources and ways to work together. A smaller team to hire dedicated developers might save money, but it might take longer to finish the project.

So, finding the right balance between team size, project needs, and budget limits is important for lowering the cost to develop an app like Halan while keeping quality and speed high.

Tips To Reduce the Cost To Develop An App Like Halan

To compete in this industry without breaking the bank, companies must find ways to lower the cost to build an app like Trendyol or Halan. Let’s take a closer look at some of the ways that fintech apps can cut costs.

1. Leveraging Open Source Technologies

Using open-source technologies is a cheap way to cut down on the cost to develop an app like Halan. Businesses that use open-source frameworks and tools can get help from a large group, which cuts down on the need for a lot of custom development.

2. Adoption of Agile Development Practices

Agile development is an open way to deal with the difficulties to build a shopping app like Halan. It includes splitting projects into smaller, iterative cycles that let feedback and changes happen all the time.

This “test-and-learn” way helps find problems early on, which saves money on rework and makes the buy now pay later app development process go more smoothly.

3. Outsourcing to Cost-effective Regions

Outsourcing development to places with skilled tech workers and lower living costs is another way to keep the cost to develop an app like Halan as low as possible. Most of the time, these places offer the same level to develop an app like Zalando or Halan at a much lower cost than high-cost areas.

Businesses can save a lot of money on costs without sacrificing quality by carefully choosing their outsourcing development partners. This lets them put more money into other important areas.

Conclusion

You now have a better understanding of the Halan app development process, costs and factors. With all the new developments and fast expansion, Halan is going to have a great future.

To evaluate your idea and create a tailored financial software solution that meets your specific requirements, you can rely on Dev Technosys, a skilled ewallet app development company. So, if you are planning to build an app like Halan for your business, get in touch with us.

FAQs!!

1. How Long Does It Take To Develop An App Like Halan?

The time to build an app like Halan can be majorly affected by different factors. A simple Halan-like app can be built in 2-4 months while a complex Halan app can increase the time.

2. How Much Does It Cost To Develop An App Like Halan?

The cost to develop an app like Halan can lie between $10000-$25000. Depending on the factors like app complexity, features, app design, tech stack plays a major role in cost fluctuation. As you know this app also provides an ecommerce app, so you can also develop an app like Lulu Shopping or other.