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The global digital bank Revolut has already redefined the digital banking model with its smooth payments, multi-currency wallets, international transfers, and investment features, all delivered through a fast, user-friendly mobile application. Its rapid development has enabled modern users to conduct their daily financial operations quickly, transparently, and conveniently.
As a leading fintech app development company, we assist start-ups and businesses in developing secure, scalable, and regulation-compliant digital banking applications inspired by well-known apps such as Revolut.
The rapid growth of Fintech as a Service (FaaS) is set to accelerate to 16% by 2034, supported by strong market statistics.
Such a transition is inspiring financial institutions and proactive founders to develop fintech applications like Revolut, which prioritise user trust, full regulatory compliance, super-fast operations, and convenient money management.
Let’s understand what makes a fintech app like Revolut stand out and how much it costs to build one.
What Makes a FinTech App Like Revolut So Popular?
A fintech application such as Revolut has revolutionised individual and corporate finance by providing features previously unattainable by traditional banks with the same speed and ease. It functions as an online financial centre where people can pay, save, invest, exchange, and manage cross-border transactions without difficulty.
Revolut has gained a lot of popularity because it removes friction from financial operations: there is no need to wait in lines, no bulky paperwork, and no hidden charges. Beyond user experience, the global neobanking sector is expected to grow significantly, a testament to mobile banking becoming the new norm. The highlights that make Revolut a global leader are given below.
Real-time Payments
Revolut has made it possible to send money instantly to users across nations. Live money flow builds credibility and increases interactions, as users can pay bills, cover expenses, or transfer money with no delays. It promotes P2P, business payments, QR payments and automated transfers- all at the touch of a button. If you plan payment rails, read our guide on payment gateway integration requirements, such as PCI DSS and local rules.
Easy Currency Exchange
Revolut allows users to store and use various currencies at competitive rates. The application facilitates real-time Forex pricing, multi-currency wallets, overseas ATM withdrawals and low-cost conversions. This suits travellers, freelancers, and global businesses very well, as it offers them significant comfort.
Built-in Security & KYC
Fintech cannot afford to do away with security. Revolut implements biometric authentication, 2FA, device security, an anti-fraud system, KYC, and AML. These embedded systems guarantee user trust and secure financial transactions with military-grade encryption.
Cryptocurrency and stock investment alternative
Revolut offers investment products that let users invest in stocks, ETFs, and cryptocurrencies within the same app. This eases wealth management by consolidating various financial instruments into a single dashboard and enabling users to diversify with ease.
Intuitive Mobile UI
The user interface of Revolut is simple, concise, and quick – performing complex banking operations seems to be easy. The application is based on colour-coded analytics, easy navigation, transparent transaction history, and a very responsive design. Financial engagement is increased more by a frictionless interface than by any other feature.
What Are the Must-Have FinTech App Features?
The features of the fintech app determine the level of user adoption, retention, and long-term revenue potential. An effective app should be based on a secure architecture and an easy user interface. The following are the key modules:
User Authentication & KYC
Safe onboarding with the help of biometrics, KYC verification, OCR scanning, and identity validation. Assures adherence and eradicates fraud.
Multi-Currency Wallet
Enables users to store, convert and transfer money using various currencies. Business and traveller-friendly across the globe.
Budget Analytics
Offers spending data, saving hints, portfolio, budgeting ambitions, and category data.
Integration of a payment gateway
Allows real-time transactions via cards, bank transfers, QR codes, UPI, or digital wallets. See our Custom API Development for PCI-DSS/GDPR-aware APIs.
Investment Dashboard
Unified trading platform in stocks, crypto, and commodities.
Customer Support Chatbot
Provides real-time support based on automated scripts or AI-driven chat models. A fintech product development company like Shiv Technolabs can customize these modules to your location, compliance requirements, and business objectives.
How Much Does It Cost to Build a FinTech App Like Revolut?
One of the most common questions founders ask is: “How much does it cost to build a fintech app?”The solution would be based on several factors:
- App Complexity & Platform: The creation of iOS, Android, and Web applications increases the cost, time to develop, and testing. See our Mobile App Development Services overview.
- Features Required: More features = More development hours. To illustrate, the complexity of the apps increases when stock trading or multi-currency exchange is added.
- UI/UX Design: Fintech needs clean, secure, and compliance-friendly design flows.
- Security & Compliance Integrations: KYC, AML, PCI DSS, GDPR, data encryption, biometrics, and so on.
- Development Team Location: Rates per hour vary across the US, Europe, India, and APAC.
Estimated Development Cost
| Development Stage | Description | Estimated Cost (USD) |
|---|---|---|
| MVP Version | Basic wallet, login, transfers | $25,000 – $50,000 |
| Mid-Level App | Advanced UI, API integrations, analytics | $50,000 – $100,000 |
| Full-Scale App | Global payments, security, scalability | $120,000 – $200,000+ |
Development can also be extensively outsourced, thereby saving significant money without compromising quality. Collaboration with a well-complemented fintech product development company will guarantee improved compliance, accelerated delivery and streamlined architecture.
The right combination of design, security, and features can help businesses build an experience similar to Revolut without spending too much.
How Can Businesses Benefit from Building a FinTech App Like Revolut?
Fintech apps are transforming the financial industry, making it more accessible, automated, and trusted. The most significant advantages of fintech app development are the following:
24/7 Global Access for Users
Digital banking allows users to manage their finances anytime, anywhere. This enhances customer satisfaction and boosts cross-time-zone interaction.
Real-time Digital Transactions and Automation
Payments, transfers, bill management, and currency conversion are automated with no paperwork. This minimises workload at operation and enhances the overall speed.
Cost Reduction Through Paperless Operations
Fintech eliminates physical stores, paperwork, and processes that require a lot of labour. Physical stores reduce businesses’ operating costs by a significant margin.
Enhanced Customer Trust Through Security Compliance
High security levels (KYC, AML, encryption) will build trust and address regulatory requirements, both of which are necessary for long-term growth.
Brand Loyalty Through Personalised Financial Tools
Analytics on spending, budgeting, rewards, and personalised notifications drive stickiness among users and long-term loyalty.
By leveraging professional mobile applications development services, companies can use AI assistants, predictive analytics, and fraud detection to improve performance.
What is the Development Process for a FinTech App Like Revolut?
You should have a systematic development process if you want to build a fintech app like Revolut. The following are the key steps:
1. Requirement Analysis and Market Research
The development team researches user needs, regulations, competitors, and business goals.
2. UI/UX Design
There is the production of wireframes, user journeys, and visual design in a context of clarity, simplicity, and security. React Native or Flutter for cross-platform builds.
3. Backend & API Development
Basic logic, payment APIs, bank interfaces, currency exchange systems, and data storage are developed.
4. Security Implementation (KYC, AML, Encryption)
The measures to comply with fraud prevention, PCI DSS, GDPR, and secure encryption are in place.
5. Testing & Quality Assurance
To guarantee reliability, functionality, security, penetration, performance, and compliance testing.
6. Deployment and Ongoing Support
Application installed on stores, server installation, monitoring, and long-term support. Agile methodology makes the development flexible, transparent, and efficient.
Why Should You Invest in a FinTech App Like Revolut?
The fintech application, such as Revolut, is not a typical digital product but a strategic long-term investment.
Increasing Neobanking Demand
The global migration to mobile-based financial services implies that digital banks are phasing out traditional institutions.
Long-Term ROI
Fintech applications generate income through subscription services, exchange and instant transfer fees, partnerships, and investment instruments.
Competitive Positioning
Creating your own fintech app can aid you in the creation of authority, in contrast to other competitors, and the ability to gain a larger user base.
The development of such an app will require substantial domain knowledge, which can only be provided by an established fintech product development company with compliance-ready solutions.
Conclusion
Fintech innovation is changing how people use money, and many apps, such as Revolut, have demonstrated that digital banking is the future. Seamless payments, multi-currency wallets, and fraud-free onboarding are all defining the new era of trust and convenience in financial services via fintech platforms.
Together with an appropriate partner, you can develop a fintech application such as Revolut that delivers an impeccable level of security, cutting-edge features, regulatory compliance, and scalability.
Shiv Technolabs is a leading fintech application development firm offering a wide range of services, including user research, UI/UX design, back-end architecture, KYC/AML integrations, AI analytics, and post-launch support. Our team will ensure that all fintech applications are of excellent quality and highly compliant with regulations, and fast to use.
If you have a project and are looking for robust fintech app development services for your startup or business, visit shivlab.com and meet our experts. Transform your financial innovation into a high-performing digital banking service.
Frequently Asked Questions (FAQs)
1. What technologies are used to build a fintech app like Revolut?
Fintech applications are usually built with Node.js, Python, or Java for the backend; React Native or Flutter for mobile; AWS or Google Cloud as a host; and API-based payment, KYC, banking, and security solutions. Modular architecture is a guarantee of architectural scalability and performance.
2. Is it expensive to develop a Revolut-style fintech app?
The price will vary based on features, security modules, and the platform option. MVPs start at approximately $25,000, whereas full applications with global payments and investment features can reach up to $200,000. Final pricing is also determined by customization, compliance and integrations.
3. How long does it take to build a fintech app?
Average 48 months depending on the design complexity, features, compliance implementation and testing. Extra-curricular add-on services, such as crypto trading or overseas transfers, can add some time.
4. What are the main benefits of fintech apps for startups?
Startups enjoy automated operations, low costs, rapid customer onboarding on digital platforms, high customer trust, and recurring revenue models. Another benefit of fintech apps is that they offer superior scalability and long-term profitability by providing a variety of financial services.
5. Do I need licenses or approvals for fintech app development?
Yes, depending on your location, you might need PCI DSS to secure payments, GDPR to protect data, and approval from a banking/financial authority. Compliance is proper, ensuring safety, confidence, and continuous operation.
