Cost to Build a Payment App Like ZainCash in 2024

As the world continues to embrace digital transactions, payment apps have become a necessity for people and businesses alike. With the rise of e-commerce, contactless payments, and peer-to-peer transfers, payment apps have revolutionized the way we handle our finances. They provide convenience, speed, and security, making it easier than ever to manage money on the go.

One such popular payment app is ZainCash, launched by one of Iraq’s largest mobile operators, Zain. ZainCash allows users to make quick and secure transactions with just a few taps on their phone, whether it’s paying bills, transferring money to friends and family, or shopping online. The app’s user-friendly interface and robust security features have made it a trusted tool for millions of users.

In this article, we will explore the cost involved in developing a payment app like ZainCash. We will delve into the various factors that influence the overall expense, including design and development, security measures, compliance with financial regulations, and ongoing maintenance. Understanding these elements will provide a comprehensive view of the investment required to create a successful payment app in today’s competitive market.

10 Popular Payment Apps Like ZainCash

App Name Feature Highlights Availability
PayPal Secure international payments, peer-to-peer transfers Global
Venmo Social payments, instant transfers United States
Google Wallet Integration with Google services, contactless payments Select countries
Apple Pay Easy integration with Apple devices, secure payments Global (Apple device users)
Cash App Stock and Bitcoin trading, direct deposit options United States, United Kingdom
Alipay Extensive e-commerce integration, QR code payments China, Global e-commerce
WeChat Pay In-app payments, social integration with WeChat China, select global markets
Samsung Pay NFC and MST payment technology, integrated rewards Global (Samsung device users)
Skrill Online gambling integration, international transfers Global
Payoneer Global payouts, freelance and business payments Global

What is a Payment App Like ZainCash?

A payment app like ZainCash is a mobile application that enables users to make payments for goods and services using their smartphones. These apps have gained immense popularity in recent years due to the convenience they offer, allowing users to complete transactions quickly and securely from anywhere with an internet connection. Whether you’re shopping online, paying for a meal at your favorite restaurant, or settling bills, these apps provide a hassle-free payment solution.

Additionally, these apps often come with a variety of features that enhance financial management. For instance, users can track their transaction history to monitor spending patterns and make informed budgeting decisions. Some apps even offer budget management tools, helping users to set spending limits and receive alerts when they are nearing their budget threshold. Furthermore, the ability to link multiple bank accounts or credit cards provides flexibility and ensures that users have access to all their financial resources in one place.

Beyond personal finance management, payment apps like ZainCash also support peer-to-peer transfers, enabling users to send money to friends and family with ease. Many of these apps also incorporate advanced security measures such as biometric authentication and encryption, ensuring that users’ financial information remains safe and protected. This combination of convenience, functionality, and security makes payment apps an indispensable tool for modern financial management, providing a seamless and efficient payment experience for users on the go.

Also Read: Ultimate Guide On Development Of a Payment Gateway: Cost, Benefit, Opportunities, and Uses

Significant Factors Determining the Cost of Developing Payment Apps Like ZainCash

When considering the development of a payment app like ZainCash, several factors can impact the overall cost. These factors include:

1. Platform and Technology

The choice of platform and technology used to develop the payment app will heavily influence the development cost. For example, developing an app for both iOS and Android platforms would require more resources compared to only developing for one platform.

Furthermore, using advanced technologies such as cloud-based infrastructure or incorporating features like real-time processing can also increase the development cost significantly.

2. Features and Functionalities

The features and functionalities of a payment app can also impact the development cost. For instance, incorporating features like budgeting tools or multi-currency support will require more time and resources, thus increasing the overall cost.

Additionally, integrating third-party services for payments or security measures may also add to the development cost.

3. User Experience (UX), Design

A seamless and intuitive user experience is crucial for the success of a payment app. Therefore, investing in UX design and creating an aesthetically pleasing interface can add to the development cost.

Moreover, incorporating additional design elements such as animations or custom graphics can also increase the overall cost.

4. Security and Compliance

Payment apps deal with sensitive user data and financial transactions, making security a top priority. Therefore, developers must implement robust security measures such as encryption, multi-factor authentication, and regular security audits to protect user information. Ensuring compliance with industry regulations, such as PCI-DSS for payment card transactions, can add to the development cost but is essential for maintaining user trust and preventing data breaches. Additionally, staying updated with the latest security trends and threats requires continuous investment and attention.

5. Integrating with Financial Institutions

To facilitate seamless and secure transactions, payment apps must integrate with various financial institutions such as banks, credit card companies, and payment gateways. This integration ensures that users can easily link their financial accounts and perform transactions with minimal friction. However, this integration process can be complex and time-consuming, involving rigorous testing, compliance with regulatory standards, and the need to establish robust security measures. These challenges can lead to increased development costs and require significant technical expertise to implement effectively.

6. Scalability and Performance

As payment apps gain popularity and user adoption grows, they must be able to handle a large volume of transactions without compromising speed and performance. This requires robust infrastructure and efficient coding practices to ensure the app can scale seamlessly without any disruptions or delays. Additionally, developers must regularly monitor and optimize the app’s performance to prevent crashes and maintain a positive user experience. These efforts require significant investment in terms of time, resources, and expertise.

7. Testing and Quality Assurance

Payment apps must undergo rigorous testing and quality assurance measures to ensure they are secure, functional, and user-friendly. This process involves several stages of testing, including unit testing, integration testing, and user acceptance testing. Any bugs or glitches found during these tests must be addressed promptly to prevent potential security vulnerabilities or usability issues. As a result, payment app development requires a significant investment in time and resources to conduct thorough testing and deliver a high-quality product.

8. Support for Users and Customer Service

Payment apps must provide excellent customer support to ensure a positive user experience and address any technical issues or concerns promptly. This requires a dedicated team of customer service representatives who can assist users with troubleshooting, answer questions, and resolve any payment disputes. As the app’s user base grows, so does the demand for customer support services, making it an essential aspect of payment app development.

9. Marketing and Promotion

To attract users and gain traction in the competitive payment app market, developers must invest in marketing and promotion efforts. This may include advertising campaigns, influencer partnerships, and social media strategies to raise brand awareness and encourage downloads. Additionally, developers must stay updated on industry trends and continuously innovate their app’s features to remain relevant and appealing to users.

10. Maintenance and Updates

Once a payment app is launched, developers must continuously maintain and update the app to ensure optimal performance. This includes fixing any bugs or glitches that may arise, adding new features and functionalities, and staying compliant with changing security measures and regulations. Failure to regularly maintain and update an app can lead to user dissatisfaction and decrease in usage.

Read More: How to Develop An Online Payment Platform Like Stripe?

What is the Average Cost To Build a Payment App Like ZainCash?

The average cost to build a payment app like ZainCash can vary significantly based on several factors, including the app’s complexity, features, and the developer’s rates. On average, developing a basic payment app with fundamental features such as user registration, transaction capabilities, and customer support might cost between $50,000 to $100,000.  For a more comprehensive app with advanced features like multi-currency support, peer-to-peer payments, extensive security measures, and additional functionalities, the cost could rise to $200,000 or more. Moreover, ongoing maintenance, updates, and marketing efforts can add to the overall expenses, potentially requiring an additional budget of $10,000 to $50,000 annually.

Step 1: Define the Scope and Requirements

Outline the features and functionalities you want in your payment app. Basic features include user registration, transaction capabilities, and customer support, while advanced features may encompass multi-currency support, peer-to-peer payments, and heightened security measures.

Step 2: Choose a Development Team

Select a skilled development team or agency. The cost will vary based on the team’s expertise, location, and rates. Development rates in North America and Europe tend to be higher compared to those in Asia or Eastern Europe.

Step 3: Design and Prototyping

Invest in UI/UX design to ensure a seamless and engaging user experience. Prototyping helps in visualizing the app’s flow and functionality, which could cost between $5,000 to $15,000.

Step 4: Development

The actual coding and development phase, which is usually the most expensive part. For basic features, this might cost around $50,000 to $100,000. Advanced features can push the cost to $200,000 or more.

Step 5: Testing and Quality Assurance

Rigorous testing is crucial for ensuring the app works flawlessly. This involves functional testing, security assessments, and user feedback integration, which might add another $10,000 to $30,000 to the budget.

Suggested: How Much Does it Cost to Create An App

How To Save The Cost Of Building A Payment App Like ZainCash?

Building a payment app can be a considerable investment, but strategic decisions can help minimize costs while maintaining quality and functionality. Here are some key ways to save costs:

1. Opt for a Minimum Viable Product (MVP)

Starting with an MVP allows you to launch with essential features such as user registration, transaction capabilities, and customer support. This reduces initial development costs significantly, potentially keeping it within $20,000 to $40,000. You can then iterate and add advanced features based on user feedback and market demand.

2. Outsource Development to Cost-Effective Regions

Consider hiring a development team from cost-effective regions like Asia or Eastern Europe. Development rates in these regions can be 50-60% lower compared to North America and Western Europe. For instance, the average hourly rate in Eastern Europe might range from $25 to $50, compared to $100 to $150 in the US.

3. Use Pre-built Solutions and Open-Source Platforms

Leveraging pre-built solutions, SDKs, and open-source platforms can drastically cut development time and cost. For example, using existing payment gateways like Stripe or PayPal instead of building one from scratch can save between $10,000 to $30,000.

4. Agile Development Practices

Implementing agile development practices ensures more efficient use of time and resources. This iterative approach helps in identifying issues early, leading to quicker solutions and potentially reducing the overall development cost by 20-30%.

5. Focus on Essential Features First

Prioritize developing only the essential features initially. Avoid adding advanced functionalities such as multi-currency support or peer-to-peer payments in the first version unless absolutely necessary. Simplifying the initial scope can save anywhere from $10,000 to $50,000.

How to Monetize A Payment App Like ZainCash? 8 Techniques

There are many ways to monetize a payment app like ZainCash. Here are 8 techniques you can consider:

1. Transaction Fees

One of the most common ways for payment apps to make money is through transaction fees. This means charging a small percentage or flat fee for every transaction made through the app. These fees can vary depending on the type of transaction and the amount involved.

For example, ZainCash charges a fee of 3% on cash withdrawals from their mobile wallet. This fee is applied every time a user withdraws money from their account, ensuring that the app earns revenue with each transaction. This model works well especially for high volume transactions, as the accumulated fees can generate significant income for the company. Additionally, some apps may offer premium services or lower fees for users who subscribe to a monthly plan, adding another layer of revenue generation.

2. Subscribe to Subscription Plans

Another way to monetize a payment app is by offering subscription plans. This can include different tiers of service with varying fees and benefits, such as increased transaction limits or access to premium features. Subscription plans can be a great source of recurring revenue for payment apps, especially if they have a loyal user base.

For example, ZainCash offers a “Gold” subscription plan that charges $1 per month and provides users with higher daily transaction limits and lower fees for certain services. By promoting this option to their existing user base, ZainCash can generate steady income from monthly subscriptions.

3. Merchant Services:

Another potential source of income for payment apps is through merchant services. This involves partnering with businesses and offering them the ability to accept payments through the app. In return, the app may charge a small fee or commission for every transaction processed.

For example, PayPal offers a variety of merchant services such as PayPal Here, which allows businesses to accept payments in-person using a mobile card reader. PayPal charges a transaction fee for each sale made through this service, generating revenue for the company while also providing convenience for merchants and customers.

4. Cross-selling and Upselling

Payment apps can also use their platform to cross-sell or upsell products and services to their users. This could include offering loans, insurance, or other financial products through partnerships with banks and other financial institutions.

For instance, Venmo has partnered with Synchrony Bank to offer a co-branded credit card that allows users to earn cashback on purchases made using the app. This not only generates additional revenue for Venmo, but it also provides added value for its users who can now earn rewards through everyday spending.

5. Peer-to-Peer (P2P) Transfers:

Payment apps can also earn revenue through peer-to-peer transfers. This is when users transfer funds to each other using the app, often for personal or informal transactions.

For example, Cash App allows users to send and receive money from friends and family for free. However, they also offer a “Cash Out” option where users can instantly transfer their balance to an external bank account for a small fee. This generates revenue for the company while providing convenience for its users.

6. In-App Advertising:

Finally, payment apps can also generate revenue through in-app advertising. This involves displaying advertisements within the app to promote products or services from other companies.

For instance, Google Pay displays targeted ads based on user data and behavior. By partnering with advertisers, the app can earn revenue while still providing a free service to its users.

7. Data Analysis and Insights

In addition to generating direct revenue through the methods mentioned above, payment apps also have the potential to earn revenue indirectly through data analysis and insights. With access to user spending habits, transaction data, and other financial information, payment apps can provide valuable insights and analytics for businesses.

For example, PayPal offers a feature called “PayPal Insights” which provides merchants with real-time data and trends on customer behavior and sales. This allows businesses to make informed decisions about their products and marketing strategies.

8. White-Label Solutions:

Some payment apps also offer white-label solutions, where they provide their technology and infrastructure to other businesses that want to create their own payment app. This can be a lucrative revenue stream for payment companies, as they can charge licensing fees and/or transaction fees.

For instance, Square offers a white-label solution called “Square Cash” where businesses can create their own customized payment app using Square’s technology.

How can iTechnolabs help you build an App Like ZainCash?

At iTechnolabs, we specialize in creating custom payment apps like ZainCash. Our team of experienced mobile app developers and designers is well-versed in the latest technologies and can create a robust and user-friendly app to meet your specific business needs. Some ways in which we can help you build an app like ZainCash include:

  • Customization: We understand that every business has unique requirements, and we offer extensive customization options to tailor the app according to your specific needs. Whether you require specific features, unique layouts, or specialized functionalities, our team works closely with you to bring your vision to life.
  • Security: Security is crucial when it comes to payment apps, and we ensure that all necessary security measures are implemented to protect your users’ data. This includes advanced encryption, secure authentication methods, and regular security audits to safeguard against potential threats and vulnerabilities.
  • Integrations: Our team has extensive experience in integrating various payment methods, such as credit/debit cards, e-wallets, and bank transfers, to provide a seamless payment experience for your customers. We also ensure compatibility with popular payment gateways and services to enhance the flexibility and convenience of your app.
  • User Experience Design: We prioritize creating a user-friendly interface that is easy to navigate and provides a smooth and efficient payment process for your customers. Our design philosophy focuses on intuitive layouts, minimal steps for completion, and accessibility features to cater to all users, ensuring a pleasant and hassle-free experience.
  • Scalability: As your business grows, so will the demand for your app. We make sure to create an app that can handle increased traffic and transactions without any glitches. Our scalable architecture is designed to accommodate future expansions, ensuring that your app remains robust and efficient under high load conditions.
  • Ongoing Support: Our services do not end with app development. We offer ongoing support and maintenance to ensure that your app runs smoothly and any issues are resolved promptly. This includes regular updates, performance monitoring, and quick resolution of any bugs or technical problems, ensuring continuous optimal performance.

Important: Best Ways To Payment Gateway Integration Into Mobile App

Are you planning to build a payment app like ZainCash?

Contact us!

Building an app like ZainCash requires a combination of technical expertise, innovative design, and robust system management. It involves meticulous planning, precise coding, and a deep understanding of user needs. Additionally, ensuring data security and seamless user experience are critical components that contribute to the app’s success.  iTechnolabs offers several key benefits for developing such a complex and efficient financial app:

  • Expertise in Financial Technology: iTechnolabs boasts a team of professionals well-versed in the intricacies of financial technology. Our developers understand the regulatory requirements and the technical challenges involved in creating a secure, efficient, and user-friendly payment app.
  • Customizable Solutions: We provide tailored solutions that are specifically designed to meet the unique needs of your business. Whether it is integrating specific payment methods, customizing the user interface, or developing unique features, iTechnolabs ensures that your app aligns perfectly with your business goals.
  • Advanced Security Measures: Security is paramount when dealing with financial transactions. iTechnolabs employs state-of-the-art security practices, including encryption, secure authentication, and regular audits to protect your app from potential threats and ensure the safety of your users’ data.
  • Seamless Integrations: We ensure compatibility with various payment gateways and services, providing your customers with multiple payment options. Our expertise in APIs and third-party integrations ensures a smooth and seamless payment experience, similar to that offered by ZainCash.
  • User-Centric Design: Our design philosophy prioritizes user experience. We focus on creating a clean, intuitive interface with minimal steps to complete transactions. This emphasis on usability means your app will be easy to navigate, reducing friction and increasing user satisfaction.


iTechnolabs is committed to providing innovative and effective financial technology solutions that enable businesses to stay ahead of the curve in an increasingly digital world. Our expertise, attention to detail, and dedication to meeting your unique needs make us the go-to choice for all your payment app development requirements. Contact us today to learn more about our services and how we can help take your business to new heights with cutting-edge financial technology.


1. How Much Does It Cost To Build A Payment App Like ZainCash?

The cost of building a payment app like ZainCash will vary depending on the specific features and functionalities you require. Factors such as user interface design, security measures, transaction processing capabilities, and integration with banking systems will all influence the overall cost. Our team at iTechnolabs can provide you with a personalized quote based on your unique needs and budget. We pride ourselves on delivering high-quality, custom solutions that meet our clients’ expectations and help them succeed in the competitive financial technology market.

2. How Long Does It Take To Build A Payment App Like ZainCash?

The time it takes to build a payment app like ZainCash will depend on the complexity of your project and the specific features you require. Our team at iTechnolabs follows an agile development process, which allows us to deliver efficient and timely solutions. This process includes iterative planning, design, development, testing, and deployment stages, which ensure that each aspect of the app is meticulously crafted and refined. We work closely with our clients to understand their needs and provide regular updates throughout the development cycle. This collaborative approach ensures that we meet all deadlines without compromising on quality, delivering a robust and user-friendly product that meets your business goals.

3. What Are The Benefits Of Building A Payment App Like ZainCash?

There are many benefits to building a payment app like ZainCash, including increased convenience for users and improved efficiency for businesses. With a payment app, users can quickly and securely make transactions anytime, anywhere, without the need for physical cash or cards. This not only makes their lives easier but also reduces the chances of fraud or theft. For businesses, a payment app can streamline their financial processes and reduce manual errors, saving time and resources. It also allows them to reach a wider customer base by providing a convenient and modern way to make payments.

4. Why Should You Choose iTechnolabs To Build A Payment App Like ZainCash?

At iTechnolabs, we have a team of highly skilled developers and designers with extensive experience in building payment apps. We use the latest technologies and best practices to develop secure, scalable, and user-friendly apps that cater to your specific requirements. Our agile development process ensures efficient project management and timely delivery without compromising on quality. We also offer post-launch support to ensure smooth functioning of the app and address any issues that may arise. Additionally, our competitive pricing makes it a cost-effective choice for businesses of all sizes.

5. How Can You Monetize A Payment App Like ZainCash?

There are various ways to monetize a payment app like ZainCash, such as transaction fees, subscription plans, and in-app advertisements. Transaction fees can be charged for each payment made through the app, either as a fixed amount or a percentage of the transaction value. Subscription plans can offer additional features or benefits to users who opt for a paid plan. In-app advertisements can also generate revenue by displaying targeted ads to users based on their transaction history and preferences. Additionally, partnerships with businesses and offering premium services can also be potential sources of income for the app.

Looking for Free Software Consultation?
Fill out our form and a software expert will contact you within 24hrs
Need Help With Development?
Need Help with Software Development?
Need Help With Development?

We trust that you find this information valuable!

Schedule a call with our skilled professionals in software or app development