How to build a Money Transfer App?



Include the Money Transfer App in your Go-to-Market Strategy

Mobile tangoaml

In today's time, the importance of getting your clients started on a money transfer app cannot be emphasized enough, and there are strong reasons for it. The days of waiting in never-ending bank queues to make money transfers are behind us. Incorporating a mobile app is pivotal for our go-to-market strategy as a Money Service Business.

Money transfer apps changed how we move money—they're smooth, fast, and safe. Your clients can use the app on both iOS and Android to send funds to peers or businesses in a blink. They make transferring money quick, easy, and secure, and that's why lots of people and businesses use them—they're the go-to for moving money cross-borders efficiently. 

Building a money transfer app addresses the increasing demand for digital financial solutions, offering convenience, cost-effectiveness, security, and global accessibility. It also presents opportunities for Money Service Businesses to innovate, collaborate, and establish a competitive edge in the Fintech space.

Besides the few pay-in the mobile apps offer, such as bank accounts, cards, and digital wallets for sending funds, money transfer apps are also budget-friendly. Some even let you transfer to mobile wallets or pick up cash at specific spots. It all depends on the Payment Service Providers you choose to collaborate on both inbound and outbound sides. On the Payout side, you can look into a collaboration with Global Payment Network such as Thunes. 

Think about your standout features that may include convenient delivery options, including sending money directly to trusted banks, cash pick-up locations, mobile wallets or via home delivery. Also, an integrated currency exchange feature adds value to your product. 


Security First!

As a business owner you will need to think about the security features when designing the cross-border money transfer app and this is crucial due to several reasons. It's all about building trust, ensuring regulatory compliance, protecting user data, and making sure the money travels securely around the world. 

Tgano app secure

Money transfer apps prioritize security with encryption, strong logins, and tough authentication. They protect transactions from fraud and unauthorized access. Some even use biometrics for extra safety.

For instance, when data breaches occur, your app and company could suffer significant financial and reputational damage. As cyber criminal activity increases, your users are at risk of paying the highest price and when it comes to sending money, your app will need to provide the highest level of security.

App security best practices:

  • User authentication

  • Authorization

  • Encryption

  • Secure APIs


Here Are the Steps to Develop a Money Transfer App



Discovery Phase

Before you get into the building of your app, the discovery phase can be viewed as the preliminary stage of your project and probably the most important. It will lay the foundation and ultimately make the difference between the project being a success or failure. You’ll be able to define a succinct product strategy and these steps will help:

  • Identify which stakeholders in the business need to be involved.

  • Who your target audience is.

  • Pain points your solution will solve.

  • The scope of the project as well as design features. 


Design Phase

Engineers ensure the app functions, but user experience (UX) and interface design are vital too. A friendly interface keeps users engaged and returning. A bad experience may lose users permanently. A well-researched customer journey map shows how users interact with your app, guiding their actions, like money transfers. Good design should meet user needs, leading them smoothly to their goal. 

Focus on providing the best possible user experience (UX) and user interface (UI) design. Most money transfer apps feature intuitive interfaces that make sending and receiving money a straightforward process. They often include transaction history, notifications to keep users informed about their money transfers, list of recipients, personal profile, tracking features, currency conversion and customer support. 

A well-designed money transfer app can enhance customer satisfaction, retention and loyalty. Every time activity occurs on an account, the user is notified via pop-ups or push notifications. This feature is very important as it drives customer loyalty. Providing a seamless user experience, coupled with excellent customer support, encourages users to continue using the app for their financial needs. You may want to get inspired - currently the best international transfer and currency exchange apps on the market are PayPal, WorldRemit and Cash App. The best-in-class apps provide flexibility to adapt to changing market trends and user preferences. It also allows for scalability, enabling your business to handle increased transaction volumes as user adoption grows.



This stage involves the actual coding and development of the app. Backend development for transaction processing, database setup, security measures, and frontend development for the user interface are critical components. Rigorous testing is performed to ensure the app's functionality, usability, security, and compatibility across various devices and platforms. This includes unit testing, integration testing, and user acceptance testing (UAT). 



Once the App undergoes successful testing, it is the time to prepare for the launch, meaning that the development team will deploy the app on app stores (such as Google Play Store or Apple App Store) or through other distribution channels and make it available to your clients to use it.


Elena Borta


Web and mobile apps

Learn more about our web and mobile app development services!