Development of a mobile application for money transfer

Money transfer apps have become extremely popular in recent years. The market for mobile apps for user payments shows one of the highest rates of growth and popularity. Of course, you can’t say that app development is a very easy task.

It doesn’t! If you’re planning to create a mobile app for online payments, be prepared for the fact that there are a lot of challenges and a lot to learn on the way to realize this goal – from the basics of coding theory to payment card security standards.

Many options are depending on what country you are in and what currency you work with. When it comes to money transfer apps or services, there is no one-size-fits-all solution.

Enormous numbers of non-obvious details make the task almost impossible without experience and a detailed understanding of the payment processes. Anyhow, such things could be resolved by turning to a professional e-wallet app development who could help you to work things right, choose the right SDK, and scale your platform.

But still, there is something you could do on your own:


Start planning your app with analytics. You have to choose a main app-specific needs:

What you’re using the app for, where you’re sending the money, the amount of the transfers you work with, the currency you work with (There are very cheap currencies in the world – and with them, a company’s turnover can be measured in amounts with a lot of zeros that’s could be challenging at some point)

Make a checklist of processes that your app should provide. Do you want to create a unique mobile payment app, implement existing systems, or use PayPal? Perhaps you want to directly sell something to users from the app, or will another company handle customer payments?

Choose the main and additional purposes of your app.

Check the market environment

Take a look at the direct competitors to our future application and find out what interesting features already exist on the market. Check on Play Market and AppStore feedbacks to the apps, it will help you to find out what concurrent services provide and what users need from it.

Now you can identify the most necessary functionality and emphasize the features the user wants to see.

After finishing the first part – analytics, you can move on to the second part – Detailed app design, and map your application in the form of a sketch.


A customer journey map (CJM) is a table or infographic that shows all points of contact between a customer and your app from the moment of the first contact.

This map shows the customer’s actions, thoughts, emotions, and problems they encounter.

It is important to understand who your customer is. Using surveys, research, questionnaires, observations, and other ways of collecting and analyzing information, identify the target audience of your app. Determine your customer’s goals, expectations at each stage and figure out the contact points.

Present all of this information in a way that works for you. You can even use Google Spreadsheets or some specialized apps.


Based on the research you’ve done and having understood the basic functionality of the application, you can move on to designing the application on paper. You can draw the main screens and work out an understanding of how the main elements should roughly be placed on the screen. It would help a development company get a deeper understanding of your app idea because if you don’t have any experience or certain programming skills in this area, the best solution for you and your future customers is to use some professional helping hand.

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