How to Build A Digital Wallet App Like Payit?

With the rapid advancement of technology and the widespread adoption of smartphones, digital transactions have become the new norm. People now expect financial solutions that are quick, easy, and secure—making digital wallet apps an essential part of modern-day payments. This is where digital wallet app development comes into play.
Digital wallets, also known as mWallets and eWallets, have emerged as one of the fastest-growing payment methods, allowing users to conduct seamless transactions without relying on cash or physical cards. According to the Market Research Future Report, the e-wallet market size is projected to expand from USD 124.6 billion in 2024 to USD 590.2 billion by 2032, exhibiting a CAGR of 22.10% during the forecast period. This rising trend highlights a lucrative opportunity for businesses looking to enter the digital payments market.
Whether you’re a startup aiming for exponential growth or an established enterprise seeking to stay ahead of the competition, developing a digital wallet app can open new doors for business expansion. However, building a feature-rich and secure digital wallet requires careful planning, the right technology stack, and adherence to security regulations.
In this comprehensive guide, we’ll walk you through how to build a digital wallet app like Payit, covering key aspects such as essential features, development steps, and much more.
What Is Payit?

Payit is the UAE's first fully featured digital wallet, launched by First Abu Dhabi Bank to provide a cashless and card-free way to manage everyday financial transactions. Designed for both individuals and businesses, Payit enables users to send and receive money, pay bills, shop online, make in-store payments via QR codes, and split expenses with friends, all without the need for a traditional bank account. Registration is straightforward, requiring only an Emirates ID and mobile number, making it accessible to a wide range of users, including those without a UAE bank account.
What sets Payit apart from other digital wallets is its comprehensive range of services and user-friendly interface. The app supports instant peer-to-peer transfers, international remittances to over 200 countries with competitive exchange rates, and payments for government and utility services. Additionally, Payit offers a prepaid virtual card, known as the Letsgo Payit Card, for secure online shopping and in-store purchases. Users can also benefit from features like bill splitting, mobile top-ups, and exclusive deals and offers within the app.
For businesses, Payit provides solutions to accept cashless payments, enhancing the customer experience and streamlining operations. The app's QR code payment system allows merchants to receive payments instantly, promoting a hygienic and efficient transaction process. As the UAE progresses towards a cashless economy, platforms like Payit are instrumental in driving this transformation, offering secure, convenient, and rewarding digital payment solutions for both consumers and businesses.
Top Features Of A Digital Wallet App Like Payit
A digital wallet app like Payit provides a seamless and secure way to manage payments, store funds, and handle transactions digitally. These apps eliminate the need for physical cash, making transactions faster and more efficient. Below are some of the most essential features that define a top-tier digital wallet app.

Secure User Authentication
A digital wallet app like Payit prioritizes security to protect users from fraud and unauthorized access. Advanced authentication methods such as biometric verification, PIN-based security, and two-factor authentication ensure that only the rightful owner can access the app. Additionally, end-to-end encryption safeguards sensitive user data, making transactions highly secure.
Seamless Registration and Onboarding
The registration process in a digital wallet app is designed to be quick and hassle-free. Users can sign up using their mobile number, email, or social media accounts. To comply with financial regulations, KYC process is usually required, where users must upload identification documents like passports, national IDs, or driver’s licenses. A smooth onboarding experience ensures users can start using the app immediately without unnecessary delays.
Instant Money Transfers
Sending and receiving money should be fast and hassle-free in a digital wallet app. Features like peer-to-peer transfers allow users to send money instantly using phone numbers, email IDs, or wallet usernames. Many wallets also support international remittances, enabling users to transfer money across borders with minimal fees. Additionally, scheduled and recurring payments can be set up for added convenience.
Bill Payments and Recharges
A key feature of digital wallets is the ability to pay bills and recharge various services directly from the app. Users can pay utility bills, mobile recharges, internet bills, and even government service fees without visiting multiple websites or physical locations. Some wallets also allow users to set up auto-payments, ensuring they never miss a due date.
Multi-Payment Support
A digital wallet app supports various payment methods to enhance user convenience. Users can add multiple bank accounts, link debit or credit cards, and even store funds in the app’s wallet balance. The app should support QR code payments, NFC for contactless transactions, and UPI-based payments where applicable. This flexibility allows users to make payments effortlessly, whether at retail stores, online platforms, or peer-to-peer transfers.
Split Expenses
A digital wallet app simplifies expense sharing among friends and family. Users can split bills for restaurant dining, travel, rent, or shopping. The app automatically calculates each person’s share, ensuring fairness and accuracy in group transactions.
International Remittances
Users can send and receive money across borders with international remittance features. Digital wallets provide a cost-effective and secure way to transfer money internationally, often with lower fees than traditional banks. Some apps also offer currency exchange services, allowing users to send money in different currencies.
Receive ADX Dividends
Users investing in the Abu Dhabi Securities Exchange (ADX) can receive their dividends directly into their digital wallet. This feature simplifies the process of receiving investment returns, making it convenient for users to access and manage their earnings efficiently.
eGifting Options
A digital wallet provides eGifting features where users can send digital gift cards or money to friends and family on special occasions. These digital gifts can be personalized with messages and redeemed at various stores, enhancing the gifting experience.
Loyalty Rewards & Cashback
To encourage frequent usage, digital wallets offer loyalty rewards, cashback, and discounts. Users can earn points for transactions, which can be redeemed for discounts, coupons, or future purchases. Some wallets also provide exclusive deals with partnered merchants.
Multi-Language Accessibility
A user-friendly digital wallet supports multiple languages, making it accessible to a diverse user base. By offering multilingual interfaces, the app ensures a seamless experience for people from different regions and language backgrounds.
Steps To Create A Digital Wallet App Like Payit
Creating an e-wallet app like Payit requires careful planning and step-by-step execution. From knowing your users to designing a user-friendly interface, many things need to be done to ensure the app runs smoothly. The best way to build a high-quality app is to hire skilled developers who can bring your idea to life. Let’s go through the process step by step.

Pick the Right Platform
Before anything else, you need to decide where your app will be available. Do you want it for Android, iOS, or both? If you're making an Android app, you’ll need experts in Android app development, while an iOS app requires iOS developers. You can also create a cross-platform app that works on both.
Select the Right Features
The features of your e-wallet app are very important because they decide how useful the app will be. Pick them carefully to make sure users have a smooth and secure experience. You can check the above section of this blog for a list of must-have features.
Design an Easy-to-Use Interface
A good design keeps users engaged and makes them want to use the app again. Users will interact with your app through the User Interface, so it must be simple and attractive. The goal is to make sure anyone can navigate the app without confusion. A well-designed UI includes: clear buttons and icons, easy-to-read fonts, simple navigation, smooth animations and transitions.
Build the Backend
The backend is the core of your e-wallet app, managing everything that happens behind the scenes. It handles user authentication, ensuring login details are correct, stores and retrieves important data like transaction history, and processes payments securely. Developers use programming languages like Python, Node.js, or Java to build a fast and reliable backend, making sure the app runs smoothly and keeps user information safe.
Connect to Payment Gateways
Since this is a wallet app, handling payments securely is a top priority. To ensure safe and smooth transactions, you need to integrate trusted third-party payment gateways like Stripe, PayPal, Apple Pay, and Google Pay. These services allow users to add money, transfer funds, and make purchases with ease while ensuring that every transaction is processed securely.
Make the App Secure
Security is important for an e-wallet app since it handles both money and sensitive user data. To keep transactions safe, you should implement end-to-end encryption, which protects user information from hackers. Adding multi-factor authentication provides extra security for logins, ensuring only authorized users can access accounts. Fraud detection systems help identify and prevent suspicious activity, while secure cloud storage protects transaction history from breaches. A well-secured app not only builds trust but also keeps users coming back with confidence.
Test Everything Before Launching
Before releasing your digital wallet app, thorough testing is essential to ensure it works flawlessly. Testing helps identify and fix bugs, errors, or any issues that could affect the user experience. Performance testing checks if the app runs smoothly without crashes or slowdowns. Security testing ensures that user data and transactions are fully protected. User testing evaluates how easy and intuitive the app is for everyday users. Fixing problems before launch guarantees a seamless experience, making sure your app is reliable from day one.
Launch the App
After testing, the app is ready to be launched. It can be published on the Google Play Store and Apple App Store, making it available to users. However, launching the app is not the final step. Continuous monitoring is necessary to track how users interact with the app. Feedback from users helps identify areas for improvement. Regular updates and bug fixes ensure that the app remains functional and secure.
Cost Of Developing A Payit App In The UAE
If you're planning to build a digital wallet app like Payit in the UAE, the cost can range from $15000 to $100000. This price covers important parts of app development, including design, backend coding, security, legal compliance, and adding third-party services. The exact cost depends on things like how complex the app is, the technology used, and how much customization is needed to match business needs.

A simple way to estimate the cost is:
Total Cost = (Work Hours × Developers Hourly Pay) + 10% extra for any unexpected costs.
This helps cover additional costs for better security, making the app scalable, and advanced features like AI-powered front desk customer services or blockchain transactions.
The Final Takeaway
Creating an e-wallet app like Payit takes careful planning, the right technology, and strong security. From designing the app to making sure payments are safe and fast, every step is important for success.
At Innow8 Apps, we build smart and secure digital wallet apps that work smoothly and follow all UAE regulations. Our expert team can help you create a simple, reliable, and feature-rich app that users will love.
Want to launch your own digital wallet app? Let’s make it happen! Contact Innow8 Apps today!
FAQs
How do I ensure my digital wallet app is secure?
To enhance security, implement end-to-end encryption, multi-factor authentication, fraud detection systems, and secure cloud storage to protect user data and transactions from cyber threats.
Do I need regulatory approval to launch a digital app in the UAE?
Yes, you must comply with UAE Central Bank regulations and obtain necessary approvals to ensure legal and secure financial transactions within the country.
Can I add cryptocurrency support to my e-wallet app?
Yes, if you want to include cryptocurrency transactions, you can integrate blockchain technology and support digital assets like Bitcoin and Ethereum, but you may need to meet additional regulatory requirements.
How do digital wallet apps make money?
Digital wallet apps generate revenue through transaction fees, merchant partnerships, premium features, subscription plans, and advertisements integrated into the platform.
Can an e-wallet app work without an internet connection?
Some features, like checking transaction history, may work offline, but most core functions like sending money and processing payments require an internet connection.
What is the best platform for an e-wallet app: Android, iOS, or both?
It depends on your target audience. If you want a wider reach, developing a cross-platform app that works on both Android and iOS is the best choice.
Want to create a powerful and secure e-wallet app like Payit? Our expert developers can help you.
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