Business Idea: Start A Payment App in 2024
A payment app lets you accept payments from anywhere, using your mobile phone or tablet. Itβs best for business owners and professionals to get payments for products or services occasionally or irregularly.
Starting a payment app is an excellent way of making passive income online. It doesnβt require much initially, and the revenue can be significant.
Payment apps are quite popular nowadays, allowing people to pay for goods and services with the tap of a button on their phones. Creating a new payment app can help you capture a share of this growing industry and virtually endless niche for your business.
Revenue & Profitability
How much do payment apps make?
Startup Costs
How much does it cost to start a payment app?
- It can cost as low as $50 to start a payment app.
- It can cost as high as $600,000 to start a payment app.
Learn more about the costs of a payment app.
Examples Of Successful Payment Apps
Successful payment app businesses and case studies
Bangladeshi MD and CEO Fida Haq established shurjoPay in the e-Commerce sector in 2010, a payment gateway as a merchant service provider so MSMEs could accept online payments in a country that lacked such a solution; now averaging $1.5M in transactions per month with 600 merchants, and expanding services with QR-based payments and payment links.
VizyPay is a bootstrapped fintech that provides transparent and cost-saving payment processing solutions to small business merchants across rural America, with over $27 million saved for merchants through their Cash Discount Program, experiencing a revenue growth of 28% year-over-year in Q1.
See full list of successful payment apps.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
