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How to Build a FinTech Super App: Cost, Features, Process

“Super apps” differ from standard smartphone applications in several ways. They provide a broad range of services for users and have recently drawn a lot of interest from the FinTech and banking sectors. Numerous financial services, communication tools, and other frequently helpful features are typically included in these apps. Super applications can be found all over the world, such as Gojek in Indonesia and Grab in Southeast Asia, but WeChat from China is the most well-known. WeChat is not only used for conversation; it can also be used to order food, pay for services, or even hail a cab.

WeChat has successfully established itself as the “go to” app for Chinese customers by offering a convenient experience that provides the user with immediate value — effectively serving as a [digital] jumping-off point for all of the user’s necessities. Every business on earth, including non-financial ones, has a clear incentive to create a super app because an estimated 58% of the Chinese population already uses WeChat.

Although many people point to PayPal, as a FinTech organization as the first non-Chinese business to become a super app, many other companies are also engaged in similar endeavors. The competition to develop the next all-encompassing app is getting fiercer, with many of the biggest businesses in the world making aggressive investments, many of which are directly geared toward becoming super apps with FinTech software development services.

Step-By-Step Process of Building a FinTech App

Here is a step-by-step guide on building a financial app that generates huge ROI.

Step 1: Do your Research

Before you initiate your custom business software development, it is crucial for you to conduct an extensive study. You must create a chart outlining your strategy before you can decide on the interface’s appearance and the features it will include.

Step 2: Define MVP

Conduct market research, particularly in the area that your product falls under.

Clarify in meetings with your development team which functions are essential for your MVP.

Step 3: Choose a Technology Stack

The most fundamental technologies are an option (Java and Kotlin for Objective C, Android, or Swift for iOS). There is also another course of action. Progressive Web App is the name of it (PWA). Although you cannot use some of your mobile device’s built-in features, such as biometry, it is still a good choice.

Step 5: Interfaces for Fundamental Features

Your FinTech software needs to include a range of features, including budgeting and bill tracking. You can utilize these basic functionalities if you own a company that is already offering these services. You have to create them from the beginning for a start-up.

Step 6: Design UI/UX

Your creative side needs to come out now, so do it! For your program, pick colors that are vibrant. Include user-friendly features. Don’t overstuff your interface with features that are not essential.

Step 7: Final Launch

It’s crucial to release a beta edition of your app before launching the full version. You will be able to correct a number of irregularities with the feedback. Your software is prepared for official release once it is bug-free.

Key Features of a Robust FinTech App

It is crucial to implement top-notch features when it comes to building a FinTech application. Here are some of the key features of financial software solutions:

Regulations for Data Protection

Because financial data is more frequently vulnerable to theft and cybersecurity risks, financial app makers need to exercise a little bit more caution. Apps for the FinTech industry are specifically created with the dangers in mind. They bear the greatest obligation for the security of private information.

Simple Money Operations

The users should be able to debit and transfer money and make payments. You can make it easier for users to distribute the money among various cards, accounts, and virtual purses.

Individual Alerts

You must notify the user via push alerts when money is being debited or credited, as well as through messages from banks and tech support about updates and deals.


Most importantly, FinTech applications are easy to use. A FinTech app development business operates under the guiding principle of offering its clients cutting-edge services through the most user-friendly interface. It wouldn’t be overstating things if we said that this functionality was the key to the success of FinTech apps.

Client Service

Apps are typically used by businesses and people when they need something. Make sure a live chat or support choice is accessible every single day of the year. Some individuals feel at ease conversing with other people, while others do not. Include a chatbot choice to help those who are not. Or you could combine these choices to create a dependable customer support system that is simple to access when needed.

What is the Cost of Developing a FinTech App?

Depending on the kind of application you want to create, there are different cost estimations involved in developing financial apps. The prices for developing famous app categories like banking apps, lending apps, investment apps, personal finance apps, and insurance apps are listed below.


Types of Apps Cost of Development (approx)
Lending Apps $50,000 and $150,000
Banking Apps $30,000 and $300,000
Personal Finance Apps $50,000 and $300,000
Investment Apps $60,000 and $120,000
Insurance Apps $45,000 and $200,000

Hire a Reputed Firm for your FinTech App Development

FinTech application creation is in demand and will continue to rise. Traditional banks must adopt cutting-edge and sophisticated FinTech solutions if they are to contend with IT firms and digital banks. For building a robust FinTech application, get started with the top fintech software development companies today.

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