What features are essential for an app like Wero?

Key features include user registration & KYC, wallet integration, payment gateway, security protocols, and real-time notifications.

How long does it take to build an app like Wero?

Typically, it takes 4 to 8 months, depending on scope, team size, and feature set.

Can I reduce the cost to create an app like Wero?

Yes, by prioritizing features, using pre-built modules, and choosing cross-platform development, you can lower costs effectively.

Why is security so important in eWallet app development?

Because apps handle sensitive financial data, strong encryption, multi-factor authentication, and compliance with regulations are critical to protect users and build trust.

How Much Does It Cost to Develop an eWallet App Like Wero?

Q: How much does it cost to develop a digital wallet app like Wero?

The cost ranges from $38,000 to over $125,000 (£30,000 to £100,000+), depending on features and complexity.

Ever tapped your phone to pay and thought, "Wow, this feels like the future"? That’s the magic of digital wallets and apps like Wero are leading the charge in making payments seamless, fast, and totally contactless.

But if you're here, you're not just thinking about using one, you’re thinking about building one.

Smart move.

eWallets are booming, and building an app like Wero in Europe could put you right at the centre of a digital payments revolution.

So, let’s get into it: How much does it cost to build an eWallet app like Wero in the UK?

The overall cost to develop a UK digital wallet app like Wero in Europe can go from $38,000 to over $125,000 (£30,000 to over £100,000).

Whether you're a fintech startup, a business looking to offer wallet services, or just curious, this guide has the real numbers, no fluff.

Explore this comprehensive blog to know about the overall Wero-like app development cost in Europe, along with different factors that affect it.

A Comprehensive Overview of the Wero App

Launched in 2024, Wero is a next-gen digital wallet created under the European Payments Initiative (EPI), aiming to transform how people across Europe send, receive, and manage money.

Designed as a secure, real-time mobile payment solution, Wero enables person-to-person transfers, online purchases, in-store payments, and even future cross-border transactions all from a single app.

What sets it apart is the strong backing of 14 major European banks and two of the region’s biggest payment processors, giving it the infrastructure and credibility to scale across nations.

It’s more than a fintech tool, it’s a strategic move to bring Europe’s payment ecosystem under one roof.

This is why it attracts so many people to create an eWallet app of their own, similar to Wero, and tap into this growing market.

How Does it Work?

As an investor, before knowing the cost to create an app like Wero. It is important to know how Wero works from a user’s perspective:

- Download the app from the App Store or Google Play.
- Register and verify your identity (KYC compliance).
- Link your bank account or credit/debit card securely.
- Add funds to your wallet or keep it linked for instant transactions.
- Pay at stores, transfer money to friends, or receive payments.
- Get notifications and view transaction history in real time.
- Secure your account with biometric login, PIN, or two-factor authentication.

See, did you get an idea how it is so simple to use for users but yet a powerful tool for businesses, that’s what you should create.

Coming to the most important question, what is the cost to develop an eWallet app like Wero?

How Much Does It Cost to Develop a Digital Wallet App like Wero?

Alright, let’s get down to the money talk. So, how much does it cost to create an eWallet app like Wero in the UK?

The overall Wero app development cost can be somewhere between $38,000 to over $125,000 (£30,000 to over £100,000).

The cost to develop an eWallet app like Wero depends on multiple factors: features, design, security requirements, backend infrastructure, and development time.

On average, here’s what you can expect:

► Basic eWallet App (MVP):

- £30,000 – £50,000
- $38,000 – $63,000

► Mid-level App with Extra Features (QR payments, analytics, loyalty points):

- £60,000 – £90,000
- $75,000 – $115,000

► Advanced App with AI, multi-currency, NFC, and crypto support:

- £100,000+
- $125,000+

Here is a table of the estimated cost of Wero-like app development:

Feature / Component	Estimated Cost (£)	Estimated Cost ($)
UI/UX Design	5,000 – 10,000	6,300 – 12,500
User Registration & KYC	4,000 – 8,000	5,000 – 10,000
Wallet Integration	8,000 – 15,000	10,000 – 19,000
Payment Gateway Integration	6,000 – 12,000	7,500 – 15,000
Admin Dashboard	5,000 – 10,000	6,300 – 12,500
Security (Encryption, 2FA, etc.)	7,000 – 15,000	9,000 – 19,000
Notifications & Alerts	2,000 – 5,000	2,500 – 6,300

The cost to create an app like Wero can vary depending on whether you hire a UK-based team, go offshore, or use a hybrid approach.

And don’t forget post-launch support and compliance updates, they’re just as important and add to the final cost to build an app like Wero.

Factors Affecting the Overall Cost to Create an App like Wero

When it comes to concluding the overall cost to build an eWallet app like Wero, you should know there are several factors that affect the overall cost.

Let’s get to know them one by one in detail:

1. App Design

Design shapes first impressions, and in fintech, trust begins with the interface.

A well-crafted app wireframe and interactive app prototype help create intuitive navigation, minimalist visuals, and a seamless experience across devices, turning first-time users into loyal customers.

Think beyond pretty screens, micro-animations, dark mode, and frictionless onboarding, all add depth (and cost).

A clean user journey is what keeps users coming back.

Design Elements	Estimated Cost (£)	Estimated Cost ($)
UI/UX Design & Wireframes	£3,000 – £6,000	$3,800 – $7,500
Motion Graphics & Icons	£1,000 – £2,500	$1,300 – $3,200
Prototyping & User Testing	£1,000 – £1,500	$1,300 – $1,900

2. App Features

The eWallet app feature list can make or break your app's usefulness.

Must-haves include peer-to-peer payments, transaction history, security options, and integration with bank accounts.

As you add QR code support, loyalty rewards, and budgeting tools, the price goes up—but so does user engagement.

Feature Set	Estimated Cost (£)	Estimated Cost ($)
Core Payment Features	£10,000 – £20,000	$12,500 – $25,000
Advanced Features (AI, Loyalty)	£7,000 – £12,000	$9,000 – $15,000
Multi-bank Integration	£4,000 – £7,000	$5,000 – $9,000

3. App Testing

App testing is especially critical in financial products where real money and user trust are at stake.

From security penetration testing to multi-device compatibility checks, every glitch you prevent = money and reputation saved.

Testing Type	Estimated Cost (£)	Estimated Cost ($)
Functional Testing	£1,000 – £2,000	$1,300 – $2,500
Security & Penetration	£2,000 – £4,000	$2,500 – $5,000
Cross-Device Compatibility	£1,000 – £2,000	$1,300 – $2,500

4. Tech Stack & Backend Infrastructure

Choosing the right eWallet app stack affects everything from speed to scalability. Whether you go native or hybrid, backend infrastructure like AWS or Firebase is essential for secure, real-time processing.

Make sure your stack includes room for growth. Wero certainly planned for Europe-wide adoption.

Tech Stack Component	Estimated Cost (£)	Estimated Cost ($)
Backend Infrastructure	£3,000 – £6,000	$3,800 – $7,500
API Integration	£2,000 – £4,000	$2,500 – $5,000
Real-Time Notification System	£1,000 – £2,000	$1,300 – $2,500

5. Development Team Location & Expertise

Your team is the engine of your app. Whether you're building in-house or outsourcing, location and expertise affect both budget and quality.

Experience of the Company

Not all dev teams are created equal. Experience shapes how smoothly your app is built, from clever problem-solving to understanding fintech security.

An established company has battle-tested processes, minimizing surprises and delays. A company in the US, for instance, might charge more but offer deep compliance knowledge.

Meanwhile, startups or smaller teams can offer fresh ideas but might require closer oversight.

Choosing the right balance depends on your budget, timeline, and appetite for risk.

Experience Level	What You Get	Cost Range (£ per hour)	Cost Range ($ per hour)
Established Companies	Proven workflows, fintech expertise, faster delivery	£80 – £120	$100 – $150
Mid-level Teams	Balanced skills, growing portfolios, flexible approach	£50 – £80	$65 – $100
Startups & Freelancers	May take time, lower costs, and less formal processes	£20 – £50	$25 – $65

Location of the Team

Where your team is located can make a huge difference not just in cost, but also in communication style, timezone overlap, and local expertise.

For example, if you hire dedicated developer in the UK or Western Europe, they may offer cultural alignment and easier collaboration, but at a premium.

Offshore teams in Eastern Europe or Asia provide great cost savings with solid skills, though sometimes with time zone challenges.

Developer Location	Hourly Rate (£)	Hourly Rate ($)	Key Benefits
UK / Western Europe	£80 – £120	$100 – $150	Close collaboration, compliance savvy
Eastern Europe	£35 – £60	$45 – $75	Cost-effective, strong tech skills
India / SE Asia	£20 – £40	$25 – $50	Budget-friendly, large talent pool

6. Authentication & Security Architecture

When building a digital wallet, authentication isn’t just about letting users log in, it’s about keeping financial data safe and compliant with European standards.

You’ll need to integrate secure authentication protocols like OAuth 2.0, implement JWT (JSON Web Tokens) for session control, and offer multi-factor authentication (MFA), including biometrics (face/fingerprint recognition).

Also, proper tokenization and end-to-end encryption are critical to avoid breaches.

Security Component	Estimated Cost (£)	Estimated Cost ($)
Biometric & 2FA Integration	£1,500 – £3,000	$1,900 – $3,800
OAuth 2.0 / JWT Setup	£1,000 – £2,000	$1,300 – $2,500
Data Encryption & Tokenization	£2,000 – £4,000	$2,500 – $5,000

7. App Maintenance & Support

Once the app is live, regular app maintenance services keep it running smoothly. Expect updates, bug fixes, and feature upgrades as part of your ongoing investment.

Plan ahead by setting aside 15–20% of your development cost per year.

Maintenance Type	Estimated Annual Cost (£)	Estimated Annual Cost ($)
Regular Updates & Fixes	£4,000 – £6,000	$5,000 – $7,500
Security Patches	£1,000 – £2,000	$1,300 – $2,500
Feature Enhancements	£2,000 – £4,000	$2,500 – $5,000

How to Reduce the Overall Development Cost of a Wero-like App?

Before jumping in, there's one question every founder should ask: How can I reduce the overall cost to develop an app like Wero without sacrificing quality?

Here are some proven, practical strategies to help you save money while building something powerful and scalable.

1] Choose Pre-Built Modules When Possible

Using trusted third-party modules for things like KYC verification, payment gateway integration, or real-time notifications can reduce both development time and cost.

Incorporating these tools strategically can trim the cost to develop an app like Wero, without sacrificing functionality or security.

2] Prioritize Features Based on ROI

To control the cost to build an app like Wero, focus on features that drive the most user engagement or revenue.

For example, launch with NFC payments and real-time balance updates before adding lower-impact extras like cashback rewards. Build what matters most first, then scale up.

3] Partner with an Experienced Development Team

A seasoned team does more than write code, they guide you to smarter, more cost-effective decisions.

Collaborating with a mobile app development company in Denver or a fintech-focused firm can help reduce costly rework and ensure you're building the right tech foundation from the start.

4] Plan for Scalable Infrastructure Early

Scalability isn’t just about growth, it’s about saving money in the long run.

By building on cloud services like AWS or Azure from day one, you avoid future migration costs and downtime. That’s a big win for reducing the cost to build a digital wallet app like Wero.

5] Start with an MVP (Minimum Viable Product)

One of the smartest ways to reduce the cost to develop a digital wallet app like Wero is by starting with a streamlined MVP.

Focus only on the core features like P2P payments and account linking, to validate your idea. You’ll gather feedback faster and avoid overspending on features users may not even need.

6] Use Cross-Platform Development

Instead of building native apps for both Android and iOS, consider using cross-platform frameworks like Flutter or React Native.

This approach can significantly cut the cost to create an app like Wero by allowing a single codebase to serve both platforms, reducing development time and ongoing maintenance expenses.

With this out of the way, let’s get to know more about how Wero like app make money.

How Do Wero-like Apps Make Money?

If you’re curious about the cost to create an app like Wero, it’s smart to understand how these apps generate revenue.

The eWallet app monetization model is what turns your investment into profit. Here’s how it works:

1. Transaction Fees

Most digital wallets charge a small fee per transaction, especially on business payments.

This steady stream of income helps balance the cost to develop an app like Wero while keeping transfers smooth and user-friendly.

2. Merchant Commissions

By partnering with merchants, your app earns commissions whenever users pay through the platform.

This strategy creates win-win relationships that help offset the cost to create an app like Wero more efficiently.

3. Premium Features

Offering a free basic version with optional paid upgrades lets you attract more users while generating revenue.

Premium tools like spending insights or priority support add value, helping cover the cost.

4. Partnered Cards & Banking Services

Collaborate with banks to offer co-branded debit or credit cards.

For every card activated, your app earns a commission, making this a powerful revenue stream that helps recoup the initial cost.

5. In-App Ads (Done Right)

Smart, non-intrusive ads from financial brands can generate income without annoying users.

This subtle revenue stream contributes to lowering the cost to create an app like Wero while keeping user engagement high.

6. Data Insights for B2B

With user consent and privacy compliance, aggregated data insights can be sold to financial institutions or retailers.

This adds a sophisticated layer of revenue that helps balance the cost over time.

How JPLoft Can Help You Develop an App like Wero?

Do you want to create an app like Wero that’s successful in the market, then JPLoft is your go-to partner.

JPLoft is your go-to eWallet app development company We blend cutting-edge tech with creativity to deliver smooth, secure, and user-friendly apps like Wero.

Whether you’re starting from scratch or enhancing an existing idea, our expert team handles everything from design and development to testing and launch.

We focus on your vision while keeping the cost to create an app like Wero efficient.

With JPLoft, your dream app isn’t just a concept, it’s a reality, built to win users and grow your business! Let’s build something awesome together!

Final Thoughts

As we discussed, how much does it cost to develop an eWallet app like Wero in the UK? The answer depends on many factors, from features and design to team location and expertise.

With costs ranging widely, smart planning and choosing the right development partner can help you build a secure, scalable, and user-friendly app without breaking the bank.

Whether you’re a startup or an established company, investing wisely in your app development journey is key to standing out in the competitive digital wallet market and making your mark with a Wero-like app.