How To Create An App Like Capitec Bank
Do you know the number of visitors last month to Capitec Bank is 1.4 Million? If you too are looking to create an app like Al Rajhi Bank and also searching for the process of development and cost of the app then you are at the right place. We will be supplying you with all of the information that was given above, so please continue reading to find out more.
- What Is Capitec Bank App
- Feature Of Capitec Bank App
- Cost Of Creating An App Like Capitec Bank.
- How To Create An App Like Capitec Bank.
What Is Capitec Bank App
You can access your Capitec Bank account on your smartphone or tablet by using the Capitec Bank app, which is a mobile banking app? The software is downloadable on both iOS and Android-based mobile devices.
With the Capitec Bank app, you can do the following:
- Check your account balance
- Transfer money between accounts
- The payment of bills
- Pay your bills to the various merchants.
- Apply for loans
- Make a plan for your savings.
- Keep an eye on your spending.
- Obtain assistance with your account.
Managing your money in a way that is both safe and convenient is possible with the Capitec Bank app. The app protects your personal information by utilizing the most up-to-date security technologies available. You are also able to manage your account when you are on the move because the app is accessible from any location.
Feature Of Capitec Bank App
The Capitec Bank app is a feature-packed mobile banking application that enables you to handle your financial matters while you are away from home. The following is a list of some of the features that may be found in the application:
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Make sure you have enough money:
You are able to perform a real-time check of your account balance, which ensures that you are always aware of the amount of accessible funds.
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Transfer money:
You can transfer money between your Capitec Bank accounts, as well as to other banks.
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Pay Bills:
You can pay your bills, such as your electricity, water, and cellphone bills.
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Make Payments To Merchants:
You can make payments to merchants, such as at the grocery store or the petrol station.
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Apply For Loans:
You will be able to submit an application for a loan using the app itself.
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Set Up Savings Goals:
You may plan out your savings objectives and keep tabs on how you’re doing with them.
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Keep an eye on your spending:
You are able to track your spending down to the category level, which will allow you to understand exactly where your money is going.
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Get Support for Your Account Here:
You can get assistance with your account if you need it, such as resetting your personal identification number (PIN) or reporting a lost card.
Managing your money in a way that is both safe and convenient is possible with the Capitec Bank app. The app protects your personal information by utilizing the most up-to-date security technologies available. You are also able to manage your account when you are on the move because the app is accessible from any location.
Here are some additional features of the Capitec Bank app:
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Biometric Authentication:
You can use your fingerprint or facial recognition to authenticate your login.
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Notifications:
You have the option to get notifications about the activity that occurs on your account, such as when a payment is made to you or when your balance gets low.
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Personalization:
You have the ability to personalize the program to your taste by making selections such as the theme you prefer and the keyboard shortcuts you use most often.
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Help Center:
The app comes with a built-in help center that features articles and videos that can guide you through the process of using the app.
Cost Of Creating An App Like Capitec Bank
The following is a list of some of the aspects that will affect the overall cost of developing an application comparable to Capitec Bank:
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The level of difficulty of the app:
The development cost of the app will increase in proportion to the complexity of the app. An app that merely enables users to check their balance and transfer money, on the other hand, will only cost customers the ability to check their balance and move money. This is because an app that incorporates features such as biometric authentication, notifications, and customization will cost more.
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Features Included:
The number of features included in the app will also affect the cost. The price of an app that only offers fundamental functionality will typically be lower than that of an app that also includes advanced features such as the ability to pay bills, make payments to merchants, and apply for loans.
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Location of the team responsible for the development:
The cost will also be affected in many ways by the location of the development team.
Developing a simple mobile banking app with a constrained set of functionality is one option to take into consideration if you are working under a constrained financial plan.
However, if you want to design an app that is as feature-rich as the one that is provided by Capitec Bank, you will need to be prepared to spend a considerable amount of money.
Here are some tips for reducing the cost of creating an app like Capitec Bank:
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Use a white-label solution:
A white-label solution is a pre-made app that you can customize with your own branding and features. Because you won’t need to pay a development team to build the app from the ground up, this presents a fantastic opportunity to cut costs and save money.
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Make use of software that is open source:
You can construct your own mobile banking application by using one of the many open-source software options that are now available. Because of this, you won’t have to spend money on purchasing a commercial license, which can help you save money on development expenditures.
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The process of outsourcing development:
You have the option of contracting the development of your app to a third-party team if you do not have the internal resources necessary to create the application. Because you will only have to pay for the amount of time it takes to build the product, this presents a fantastic opportunity to cut costs and save money.
| Development Stages | Development hours | Development cost (in AED) |
| The Process of Analysis and Planning | 2- 4 weeks | AED 18,350 – AED 36,700 |
| UI/UX Design | 4- 6 weeks | AED 36,700 – AED 73,400 |
| Front-end and back-end Development | 8- 10 weeks | AED 110,100 – AED 220,200 |
| Development of the API and System Integration | 6- 8 weeks | AED 55,050 – AED 110,100 |
| QA and Testing | 4- 5 weeks | AED 36,700 – AED 73,400 |
| Deployment and Launch | 3- 4 weeks | AED 18,350 – AED 36,700 |
| Development of the API and System Integration | Ongoing | AED 3,670 – AED 18,350 per month |
| TOTAL COST | AED 278,920 – AED 568,850 |
How To Create An App Like Capitec Bank
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Carry out your investigation:
It is crucial to undertake research and have a good understanding of the market before beginning the process of designing your app. This involves having an awareness of the requirements of your target audience, the requirements of your competitors, and the most recent developments in mobile banking.
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Plan your app:
Once you have done your research, you need to plan your app. This includes the creation of a clear roadmap of the features you wish to include, in addition to the creation of a timeframe and budget for the development of the product.
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Choose a development team:
You will need to select a development team in the event that you do not have the internal resources necessary to create your application.
It is essential to take into consideration the experience, skills, and portfolio of a development team before selecting that team.
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Develop your app:
Once you have chosen a development team, they will start developing your app. Because this process can take several months, it is essential to have patience and maintain constant communication with the team responsible for development.
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Perform some tests on your app.
It is essential to perform extensive testing on your app once it has been established. verifying the application on a variety of hardware and software platforms, in addition to verifying the application’s safety features, is included in this step.
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Launch your app
Once you are satisfied with your app, you can launch it. This includes submitting your app to the app stores and promoting your app to your target audience.
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Put your emphasis on safety.
Mobile banking applications are a target for criminals, which is why it is essential to place an emphasis on security. This involves making use of the most recent security technologies, such as encrypted communication and biometric authentication.
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You should make it simple to utilize.
Even for individuals who are not experienced with banking apps, mobile banking applications ought to be straightforward to operate. This includes the use of terminology that is plain and concise, as well as the provision of instructions that are clear.
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Maintain its state of currency
Because the environment of mobile banking is in a state of perpetual flux, it is essential to ensure that your app is always up to date with the most recent features and security fixes.
Conclusion
We want to make sure that after reading this piece on our site, you have a complete grasp of how to create an app that is comparable to the one offered by Capitec Bank. If you want to build a Fintech App similar to AlGooru and you are searching for an app development company, you should take a look at Appic Softwares.
Your app can be developed by our talented team of developers utilizing cutting-edge tools.
What exactly are you keeping your hopes up for?
