eWallet App Development Company

The process starts with a technical scoping call where we review your use case, target market, compliance requirements, and preferred BaaS provider. From that call we produce a scoped proposal covering architecture, timeline, and fixed pricing — typically within five business days. Engagements run with a dedicated team of 3–5 engineers depending on scope, with a technical lead as your primary contact throughout. All source code and IP transfers to you at delivery.

An MVP digital wallet — closed-loop or semi-closed with basic KYC and dual-platform mobile delivery — typically ships in 8 to 12 weeks from contract to App Store submission. A production multi-feature wallet with open-loop card issuance, full KYC/AML stack, and multi-currency support runs 12 to 18 weeks. Timelines depend in part on BaaS provider onboarding cycles, which sit outside our direct control but which we manage actively from day one. We provide a scoped timeline estimate before any contract is signed.

The cost depends on your wallet type, features, payment integrations, and compliance requirements. We provide a custom estimate based on your project needs. For typical budgets and a detailed breakdown, see our eWallet App Development Cost Guide.

Requirements depend on the wallet type and target markets. Open-loop wallets require PCI DSS compliance (SAQ D or Level 1 depending on transaction volume) and a BIN sponsor agreement with a card scheme participant. Products serving European users need to address PSD2 strong customer authentication. US-based money transmitter models carry state-level licensing requirements that vary by jurisdiction. We identify the full compliance surface during technical discovery and design the architecture to minimize scope from the start — not after the product is built.

A closed-loop wallet is accepted only within a single operator's network — a brand gift card or a campus payment account. Payments stay inside the system, interchange fees disappear, and the operator controls the full product experience. An open-loop wallet runs on Visa or Mastercard and is accepted everywhere those networks operate — global coverage with the corresponding compliance overhead: BIN sponsorship, card program management, ongoing scheme compliance. Semi-closed wallets work across a defined partner network without requiring the full compliance structure of an open-loop product.

Yes. We integrate document verification and biometric liveness via Plaid, Persona, Onfido, or your preferred vendor, and configure ongoing AML monitoring including PEP and sanctions screening. Transaction monitoring rules are set up through the vendor's dashboard and tunable by your compliance team without engineering involvement. «KYC flows are designed with financial institution and regulator review requirements in mind. We also document the full integration for your compliance team's audit requirements.

The client holds full ownership of the source code and all intellectual property delivered during the project — application code, ledger schema, API layer, and any custom integrations. You receive the full codebase, not a licensed deployment. You can modify it, extend it, or hand it to a different team without restriction. This is written into the contract before work begins.