In this digital world, as the use of eCommerce is increasing to develop online stores, the use of online payments is also growing. It is important to have secure online payment methods, and that customers can trust.
There are many online stores that have their payment wallets, which help buyers to pay from the store wallet itself, which is also a safe way to pay.
Online payments can also help people if they are buying something offline by visiting the store; they can simply scan the code or add the person’s number or the store to whom they have to make the payment. This can help us in performing contact payments which are very important in this pandemic.
What is the Paytm app and How does it work?

Paytm is the largest and most prominent mobile wallet application, helping you with online transactions without any worry. The reason behind the success of Paytm is its multiple services that are provided on a single platform.
With the help of Paytm, we can do mobile recharge, bill payments, shopping, booking tickets, and much more. Paytm is linked directly to your bank account so you can transfer or withdraw money now from your bank account. A new thing added to Paytm is the Paytm fastag which helps you pay for tolls digitally from your Paytm wallet without any involvement of a third party in it. Due to this Paytm fast tag, you don’t have to wait in long queues at the toll booth.
Paytm will be considered the most considerable means of currency exchange digitally in the coming years.
If you want to build your online business into a successful online store, then you must add an online wallet to your store. This will be convenient for the customers who shop from your store.
Working at Paytm is very simple. For online payments, you need to scan the store’s QR code or anything to whom you need to pay, or else you can also enter the number of the person through which you can transfer money. Paytm can be accessed by any UPI payments app if they have access to Paytm.
Similar apps like Paytm
There are many UPI payment apps like Paytm. Following is the list of similar apps like Paytm.
What is Flutter app development?

Flutter app development is known as an open-source Software Development Kit(SDK) that Google provides for developing high and quick performance for Android and iOS. The SDK used in Flutter makes it easy for developers to develop user interfaces that interact with the app smoothly while reducing the amount of code.
With a flutter, you can write code and run it on multiple platforms like Android, iOS, etc. It is one of the biggest reasons why developers mostly prefer Flutter.
Features of Developing Paytm App like a Flutter

User’s Panel of the Paytm app
- Sign-up/Sign-in
Users can sign up/sign in through their email ID or through a mobile number with OTP. As your email ID and phone number are unique, your Paytm account stays secure. - User profile
A user profile consists of name, number, email, and Paytm wallet status, and it also consists of transaction history that you made earlier, and it also shows your account balance. - Add money
You can easily add money to your Paytm wallet through net banking, debit card, or credit card, or you can directly pay from your bank account. - Send money
You can send money to anyone easily by just scanning their QR code or by entering their phone number that is registered in the Paytm account. - Pay utility bills
You can pay different utility bills like gas bills, electricity bills, and water bills. You can pay the bills by entering your bill number and the amount of money you need to pay. - Recharging
Recharging mobile phones, metro cards, DTH, and data cards is also possible through Paytm. - Pay phone bills
Paying phone bills is also possible through Paytm. You can use landline, postpaid, and broadband bills. - Booking tickets
Users can also book movie tickets, flight tickets, bus tickets, or train tickets with a Paytm wallet. - Choose the language
Paytm also allows you to choose your convenient language to use in the app, which is understandable for you. - Coupon code
Coupon codes are also available in the Paytm wallet. - Cashback
In some online payments, they offer some amount of cashback which can be stored in the user profile itself.
Admin Panel of Paytm app
- User management
It manages user-profiles and the functions that are held under the user profile page. - Wallet management
Managing a Paytm wallet is a very responsible thing because it consists of all the money in the wallet, which is also used in various transactions. - Digital payments module
It manages the whole module of digital payment, which should be very carefully managed as it is used for digital payments. - Add/Block features
Admin panel has the right to add or block any features and can also change the features if they want to. - Coupon code and cashback module
It has all the handles over the coupon code and cashback. It handles the whole module. - Push notifications
It handles all the push notifications. Push notifications are related to new offers, cashback, or discounts in the Paytm wallet. - Customer support and feedback module
The admin panel manages the feedback given by the customers. The admin panel can also organize customer support. - App design
The most important thing is that a mobile wallet like Paytm should be straightforward and to the point. If people find difficulty in using your app, then they won’t trust you for the money. - App platform
The cost to develop a Paytm-like app varies from the platform you choose for development, but if you choose a Flutter app to develop your app, then the cost will not change. - App size
App size depends upon the market you choose to target. One should not develop a heavy app; otherwise, people can shift from your app. Try to keep things lightweight.
Why choose the Flutter app for developing Paytm like an App?

You might have an idea that all the cross-platforms can perform some things and offer some features essential for the job, and you are right. But Flutter is different from its competitors in some key aspects. Let’s have a look at the advantages of Flutter.
Same UI and Business Logic in all Platforms
We know that basically, any cross-platform framework shares a codebase between the target platforms. But there are no applications that share both the UI code and the UI itself besides the flutter.
Flutter doesn’t need any platform-specific UI components to share its UI. There is only one thing Flutter needs to show to the application UI: a canvas to draw onto.
In short, sharing UI and business logic is possible through Flutter, and it can save time and effort, and it also doesn’t affect the performance of the app at last.
Reduces code development time
As we all know, if we are developing an app in a flutter, then we don’t need to rewrite the code for each platform, we can write the code for one platform, and it can run all the platforms targeted.
This reduces the code development time for different platforms and also saves the effort of the developer.
Similar to native app development
Application performance is tough for good UX. It is safe to use Flutter instead of the native app because the performance of an application is better in a Flutter app than in a native app.
If you use Flutter for your app, then developing an app using Flutter will be less than the time taken by the native app.
Own rendering engine
Flutter provides you with the facilities to perform so many things with your app that are not possible on different platforms. Its framework must be powerful.
For rendering itself, Flutter uses Skia on a platform-provided canvas. Because the engine, UI, and code developed in Flutter can run on any platform.
Platform-specific logic implementation
Except for UI, many mobile applications depend on advanced OS-level features, fetching GPS coordinates, Bluetooth communication, permission handling, and much more.
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Cost for developing Paytm like app

The cost to develop a Paytm-like app depends upon the features you need to add to your app. If you want to develop a basic app with features like user profiles, bar codes, QR codes, and image manipulation then the cost may vary from $20,000 to $50,000 and the cost to build an app like Paytm with advanced features like data syncing, push notifications, geolocations then it can be almost $50,000 to $1,00,000.

The cost to build an app like Paytm can also vary on design and it is very important that the app is designed in a way that the users and customers get attracted towards it and also love to use your app. If they find your app interesting they can also suggest your app to their friends through which the usage of your app can be increased. For developing your app in a unique way advanced technologies are required which can be more costly.
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What is the Difference Between Paypal And Paytm
PayPal and Paytm are both online payment gateways that allow users to make payments online. However, there are some key differences between the two platforms.
PayPal is a global payment processor that is available in over 200 countries and territories. It allows users to send and receive money, as well as make online payments. PayPal is a popular choice for online shoppers because it is secure and convenient.
Paytm is an Indian payment gateway that is only available in India. It allows users to make payments online, as well as send and receive money. Paytm is a popular choice for Indian shoppers because it is convenient and offers a variety of payment options.
Here is a table summarizing the key differences between PayPal and Paytm:
Feature | PayPal | Paytm |
Availability | Global | India |
Supported currencies | 25 | 1 |
Payment methods | Credit cards, debit cards, PayPal balance, Venmo balance, bank transfers | Credit cards, debit cards, Paytm wallet, UPI, net banking |
Fees | 2.9% + $0.30 per transaction | 2% + ₹0.05 per transaction |
Security | PCI DSS Level 1 compliant | PCI DSS Level 1 compliant |
Customer support | 24/7 | 24/7 |
Here are some additional things to consider when choosing between PayPal and Paytm:
- If you are an international shopper, PayPal is the better option. Paytm is only available in India.
- If you are an Indian shopper, Paytm is the better option. It offers a wider range of payment options and is more convenient for Indian shoppers.
- If you are looking for a secure payment gateway, both PayPal and Paytm are secure options. However, PayPal is PCI DSS Level 1 compliant, which is the highest level of compliance.
- If you are looking for a payment gateway with good customer support, both PayPal and Paytm offer 24/7 customer support.
Conclusion
This blog provides complete guidance about the cost and features to create Paytm-like apps in a flutter. To develop a good Paytm like app, you must also find a good mobile app development company with the best Flutter app developer.
Nevina Infotech is the best Flutter mobile app development company that will help you develop a good Paytm-like app in Flutter according to your requirements and needs.
FAQs
What are mobile wallet apps?
Mobile wallet apps are online payment apps that are used for online transactions or online payments. It is a virtual wallet that stores the information of payment cards on a mobile device. It is used for in-store online payment. Mobile apps have their own mobile wallet.
Is it possible to develop mobile wallet apps like Paytm?
Yes, of course, It is possible to develop mobile wallet apps like Paytm. Any online payment app doesn’t work without mobile wallets. So, for developing any online payment app you need to first develop a mobile wallet.
How to create a wallet app like Paytm?
Your answer for how to create a wallet app like Paytm is by adding features like Paytm. All wallets provide benefits to the user as they provide a platform for money transfers. It is good to develop a wallet app as it provides you with cashless and contactless money transfers.
How to design a Paytm like app?
If you want to know how to design a Paytm like app, you have to get a Recharge API for your portal, and for designing a recharge payment through mobile you will need a Mobile Recharge API. This is mandatory for all online payment app portals, and not for building a Paytm like payment portal.
How much does an app like Paytm cost?
How much an app like Paytm costs it depends upon the features you add to the app. If the features are basic then the price won’t be much but if there are advanced features in it the cost will be high as compared to basic features.
Which is best Paytm or PayPal?
Choosing between Paytm and PayPal depends on your specific needs. Paytm is popular in India and offers a range of services, including mobile payments and e-commerce integration. PayPal is internationally recognized, and known for its secure online transactions. Consider your location and requirements to make an informed decision.
Which UPI app is most secure?
Determining the most secure UPI app involves considering factors like encryption, authentication, and company reputation. Apps like Google Pay, PhonePe, and Paytm offer robust security measures, including PINs, biometrics, and device authorization. Research and user reviews can help you decide the best fit for your security needs.
What is the fastest payment app?
When it comes to speed, the fastest payment apps include Google Pay, Apple Pay, and Samsung Pay. These apps leverage NFC technology for swift contactless transactions, enabling users to make payments swiftly with a simple tap, enhancing convenience and efficiency.