P2P or Peer-to-Peer money transfer mobile apps are mobile wallets that allow users to transfer money to one another electronically. Looking at the growing adoption of P2P mobile payment apps, many businesses plan to develop these apps to step up their game. If you’re one of them, follow the steps below and build a P2P payment solution that’s cutting-edge. For more insights, visit www.capitalnumbers.com.

1. How to Create a
Mobile Wallet?

2. Online Money
Transfer Apps: Here's
How to Create One
Peer-to-Peer (P2P) mobile transactions will hit $390 billion in 2020. In
the US alone, P2P mobile payment users will rise to nearly
73.8 million by the end of 2020.+
$390 billion in 2020
$73.8 million in US
+eMarketer’s latest estimates

3. Determine Your
P2P Service
To tap into the high-growth online money transfer app
market, create your own P2P money transfer app.
For this, first, you must note the type of P2P payment
services you will offer your client.
S t e p 1

4. Incorporate the
Essential Features
After you’ve decided on the app service, incorporate the
following core features to make your app robust.
S t e p 2
Fingerprint Security Lock
Digital Wallet
Notifications
Send/Request Money
Billing/Invoice Generation
Bank Transfer
Transac Hist
Chatbot
Cryptocurrencies

5. Build a
User-Friendly UX
Just the core features aren't enough; the UX should be modern,
simple, clean, and attractive.
S t e p 3

6. Consider the
Security Levels
Integrate security features to help users unlock the app.
Activate a two-factor authentication to prevent hacks.
Besides, comply with PCI-DSS standards to safeguard
all confidential information.
S t e p 4

7. Choose the
Revenue Model
The next step is to finalize the monetization strategy.
You can choose either of the following or both.
Premium Service
You can lead users to pay a
certain fee to unlock premium
features
Affiliate Marketing
You can also let banks display
and advertise their products on
your app page, and earn revenue
each time one of these
ads gets clicked
S t e p 5

8. Conduct Testing
Finally, bring your QA team together to conduct
functionality and usability testing, fix critical issues, and
release a high-quality P2P payment app at speed.
S t e p 6
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9. Where do We
Come in?
Capital Numbers has extensive experience in delivering
stellar mobile and web apps at scale.
We can always help you create a tailored P2P payment app
solution that drives sales.
Our R&D will go all out to meet your business specifics.

10. Schedule
a Call!
With 1500+ successful projects under its belt, Capital
Numbers always finds the right balance between
quality, price, and project needs.
So, if you’re interested in being a part of the explosive
growth of mobile P2P, contact us.
We promise to put your
needs first!
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