Fintech & Payments App like Paytm, PhonePe & CRED Development
Fintech products demand bank-grade security and regulatory awareness. We build payment, rewards, lending and bill-payment experiences that integrate with licensed banks, payment aggregators and NBFC partners.
Examples: Paytm, PhonePe, CRED, Google Pay, MobiKwik.
How a fintech & payments app works
Users pay merchants, transfer money, pay bills and earn rewards. Money movement happens through licensed partners (banks, payment aggregators, NBFCs), while your app owns the customer experience, engagement and data insights.
Apps & panels we build
Customer app
- UPI payments and QR scanning via partner PSP bank
- Bill payments and recharges (via BBPS partners)
- Rewards, cashback and referral engine
- Transaction history and statements
- KYC onboarding
Merchant tools
- QR codes, payment links and soundbox integrations
- Settlements and reconciliation
Admin & risk panel
- KYC review and risk scoring
- Fraud rules and transaction monitoring
- Rewards budget and campaign management
- Compliance reporting
Advanced features
- Credit card bill payments and rewards (CRED-style)
- Lending journeys with NBFC partners
- Spend analytics and budgeting
Revenue models
- Merchant discount and partner fees
- Lending and insurance distribution
- Brand rewards partnerships
Compliance in India
- Partner with RBI-licensed entities (banks, payment aggregators, PPI issuers, NBFCs)
- NPCI UPI guidelines via sponsor bank
- KYC/AML requirements
- RBI data localisation and DPDP Act 2023
Technology stack
Kotlin / Swift or Flutter, NestJS / Java services, PostgreSQL, Kafka, HSM-backed encryption
Delivery plan
Launch-ready MVP in 14–20 weeks; full platform in 28–40 weeks, with milestone dates backed by our on-time delivery cashback guarantee.
Challenges & how we solve them
Security
Encryption, device binding, fraud rules and regular security testing are built into every release.
Regulation
We design around partner licences so you can launch without holding every licence yourself.
Frequently asked questions
Do I need an RBI licence to launch a payment app?
It depends on the product. Many startups launch by partnering with licensed banks and payment aggregators; we help you choose the right model with your legal advisors.
Brand names describe the type of product only. IndSoft24 is not affiliated with these companies.