How Much Does It Cost to Build an App Like Cash?

Want to create an app like Cash & wondering “What is the Cost to Develop an App like Cash?”

Well, the Cash-like app development cost can be from $20,000 to $70,000 or more. This is just an estimate, the price can change as per requirement.

The future of money is here: Say Goodbye to paper money and hello to your mobile wallet.

As the user demands continue to evolve, so do the apps that cater to them. 

One such app that stands out in this evolution is “Cash App”, pushing the limits of what we once thought was possible with money.

It’s no surprise that investors are turning to clone this platform, eager to capitalize on their rapidly growing user base.

However, to be a part of such a market, understanding the cost to create an app like Cash is important.

This blog will guide you through everything you need to know:

Key Takeaways:

• Understand the Basics of a Cash-Like App: Discover the fundamentals and unique properties of Cash-like apps.

• What Sets It Apart from Other eWallet Apps?: Find out what differentiates Cash from a host of other players in the eWallet app space.

• Why Develop an App Like Cash in 2025?: Learn why 2025 is the right time to introduce your Cash-like app in a world where there is no more cash.

• How Much Does it Cost to Develop an eWallet App Like Cash?: Learn about cash-like app development cost and what determines the cost of developing the app.

• Monetization Strategies for Your Cash-Like App: Discover how to make the most of the revenue of your Cash-like app using various strategies of monetization.

Cash App vs Other eWallets: The Clear Winner

Cash App, launched in 2013 by Square (now known as Block, Inc.) has completely transformed the way we think about mobile payments.

Years ago, what started as a simple peer-to-peer payment platform has completely evolved into a financial powerhouse in your pocket.

With Cash App, you can send and receive money, shop with the Cash card, and even dive into the world of investments & cryptocurrency.

Yes, you can buy, sell, and hold Bitcoin directly within the App!This way, you get an app that is fast, simple and packed with features.

Although, there are many top eWallet apps available in the market, Cash App has great benefits that offer an edge over competitors. Here’s how:

Top Reasons to Develop an App like Cash in 2025

eWallets are rapidly taking over as more individuals opt to use their mobile phones for payment solutions.

Creating an app like Cash may thus offer you a chance to capitalize in a growing niche.

Here are four key reasons to consider:

1. Increasing Mobile Payment Market

The market size of global mobile payments is forecasted to reach $12.06 trillion by the year 2027 with a CAGR of 33.8%.

This growth explosion shows that mobile wallet apps are quickly gaining approval and adoption, thus opening up a significant business niche for new entrants into the fintech sector.

2. Higher Transaction Frequency From Users

Currently, there are 3.8+ billion smartphone users globally, and the use of digital payment solutions is on the rise.

App-based mobile wallets, such as Cash App, provide the opportunities to make rapid, safe, and comfortable transactions and receive payments the user wants and demands today.

3. Attracting Millennials and Generation Z audience

Digital payments are preferred more by the young generation, 68% of millennials and over 80% of Gen Z prefer mobile wallets over cash.

Creating an app like Cash App may well place you to serve this technologically wise and financially savvy population.

4. Diverse Revenue Streams

Cash App receives its revenue from various sources such as; Cash app fees, investing, and cryptocurrency.

This app has more than 57 million active users and it can generate revenue from multiple income streams, which is why it attracts application developers and investors.

With the growing demand to create an eWallet app, investors are constantly looking for……

How Much Does it Cost to Create an App like Cash? 

On average, the Cash Clone app development cost can be from $20,000 to $70,000 or more. 

This estimate includes designing, developing, testing, and deploying the app.

However, the cost to make an app like Cash can vary due to several factors including features, platform, and the development team’s location.

The complexity of features like peer-to-peer payments, investment options, or cryptocurrency support can push costs higher. 

For those looking to build an app like Cash, the first thing they should understand is the cost. 

Here’s a table outlining the Cost to develop an eWallet App: 

Note: Every project has its requirements, and this is why the cost part should be consulted with your mobile app development company beforehand. 

So, as we talked there are several factors affecting the overall cost to create a payment app like Cash App. Let’s dive into them: 

Factors Affecting the Overall Cost to Create an app like Cash App

Developing an app like Cash App includes different factors that impact the overall cost. 

These factors can go from the complexity of the features to platform selection, so understand these factors below in detail to make a better decision: 

► Complexity of Features 

Starting with eWallet app features, which is the foundation of any app. Let’s face it: the more features you add, the more it will cost.

If you’re looking to create a basic P2P system, that’s straightforward, then it won’t break the bank. 

However, if you are eyeing features like cryptocurrency trading, or AI investment tools- then you’re looking at a much higher cost to develop an app like Cash.

The more features you put in your app, the more development, & testing it will go through. 

► Platform Choice 

Are you going to build for just iOS? Or do you want to reach Android users as well? Well, here’s the deal. 

Developing one platform is cheaper, if you want to go for both, that’s going to raise the cost to build an app like Cash.

Why?

iOS and Android are completely different technologies, so you’ll need separate development efforts for each.

Alternatively, you can choose a cross-platform solution, which can reduce the overall Cash clone app development cost but might affect the performance. 

► Security & Compliance 

When it comes to financial apps like Cash, Security isn’t just a nice-to-have- it’s a must. 

Users expect to be able to send money safely, so you’ll need features like two-factor authentication, and end-to-end encryption, which can vary region-wise. 

Meeting these security standards is no small task, and will definitely increase Cash-like app development cost.

Let’s face it- Handling money comes with responsibility

► Development Team Location

Did you know that the cost to make an app like Cash can differ based on where your development team is located?

Yes, it’s true. 

If you hire mobile app developers in North America & Western Europe charge higher rates, often because of labor costs.

On the other hand, development teams in regions like Eastern Europe, India, or Southeast Asia can offer much more affordable rates. 

But, just because it’s cheaper doesn’t always mean you get the same quality. 

So, it’s important to balance cost & expertise. After all, you don’t want to skimp on quality when handling such thoughtful financial data. 

► UI/UX Design 

First Impression Matter. 

When users open your app, they need to feel comfortable and confident navigating through it. 

A minimalistic, intuitive UI/UX design can be the difference between attracting a loyal user and losing them.

Custom UI/UX design isn’t cheap, but it’s essential if you want your app to stand out.

Keep in mind that eWallet app trends are shifting toward sleek, modern interfaces that are easy to use. 

A solid design will ensure your app gets used- and gets recommended.

► Maintenance and Updates 

After your app launches, the work doesn’t stop. 

To keep users happy and the app secure, you’ll need ongoing app maintenance. 

This means fixing bugs, updating to be compatible with new OS versions, and adding new features.

While the cost to build an app like Cash doesn't cover this, somewhere it is an important factor to consider for your budget. 

Ensuring that your app stays up-to-date is key to retaining users and keeping them hooked to your app.

► Tech Stack of Your App

The choice of tech stack for your Cash-like app impacts both development cost & performance. 

Opting for the right technologies ensures smooth functioning, scalability, and future updates. 

For a Cash-like app, you’ll need to choose the appropriate front-end and back-end technologies, databases, and frameworks that align with your goals. 

While choosing the tech stack, you need to overcome challenges in eWallet app including robust security, data privacy, and handling high transactions.

Each tech choice you make for native development or cross-platform affects the overall cost to build an app like Cash.

By considering each of these factors, you can better understand how the cost to create an eWallet app like Cash will unfold. 

As this is out of the way, we are going to talk about some different money-making models you should utilize. 

Monetization Strategies For Apps like Cash 

When an investor decides to turn their eWallet app idea into reality, they often focus on the revenue model to ensure there’s potential for profitability in the industry. 

To your luck, a Cash like app has different money-making models that allow one to make money and recover the overall Cash-like app development cost. 

A] Transaction Fees

One of the most prevalent types of monetization is to charge a minute amount of money every time the buyer goes through the app. 

This fee can be a percentage of the total transaction amount, it provides a continuous revenue flow when the users send money, make purchases, or withdraw.

B] Subscription Plans 

It commonly provides users with premium subscription services to unlock more features that would include higher withdrawal limits, fast transfers, or even investment facilities. 

This leads to an annuity-based revenue model that is complemented with added value services for the users willing to pay for them.

C] In-App Advertising

Another method of monetization is to place advertisements appropriate to the scope of your app.

Through cooperation with ad networks, the app can earn money each time a user interacts with the ad. 

This method is especially suitable for applications that do not require payment, but are used by a large number of people.

D] Partnerships and Affiliate Marketing

The app also generates income through affiliate marketing as it is common for it to partner with either merchants or financial institutions.

For example, providing users with a discount or cashback for purchases made at partner stores or specific services will bring extra revenue in the process both parties profit.

E] Data Insights and Analytics

Another approach may be to utilize the useful information obtained from users’ expenditures, transaction history or financial conduct. 

The market researcher or the financial institution can thus get useful data and insights about consumption if the app gives them aggregated, anonymized data.

JPLoft: Your Partner in Building the Next Cash App

Do you want to make an eWallet app like Cash? JPLoft can be your partner. 

We are the top eWallet app development company in the market. From making a roadmap to launching your eWallet app, we offer end-to-end solutions to ensure a smooth development process tailored to your needs. 

With over a decade of experience, our team of experts is always ready to develop innovative & high-quality eWallet solutions to ensure long-term success. 

Ready to make a change? Contact JPLoft Today!

Conclusion 

The creation of an app like Cash is a good business idea, particularly in the emerging mobile payment segment.

Some factors influence the overall cost to build an eWallet app like Cash, which includes feature complexity, platform, security, and tech stack, allowing for better budgeting. 

Furthermore, choosing the right monetization models: transaction for service fees, monthly/annual subscriptions, and in-app advertising will shield you from application loss due to lack of funds. 

If you are interested in finding a reliable partner to create an application similar to Cash, JPLoft company with 10 years of experience can offer you effective solutions with great achievements.