7 Digital Wallet App Success Stories [2023]

Pat Walls

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Updated: July 24th, 2023

Create A Digital Wallet App

A digital wallet is a financial transaction application that runs on mobile devices. In today’s digital era, people demand the freedom to purchase anything and be able to pay from their digital wallets.

With technological advancement, making digital payments has become easier than ever before. Anyone can use mobile payment platforms to pay and accept payments online. Therefore, creating a digital payments wallet can be a great business opportunity.

To create a digital wallet, conduct extensive market research and create a business plan. It would help if you could hire competent programmers to create a secure payment gateway.

Here are some real life success stories of starting a digital wallet app:

1. iCard ($18M/year)

Yavor Petrov (from Varna, Varna, Bulgaria) started iCard about 15 years ago.

Revenue

$1.5M / month

View case study

Team

2 founders / 200 employees

Location

Varna, Varna, Bulgaria

Case Study

My name is Yavor Petrov and I’m the CEO of iCard - a unique and 100% digital bank account alternative.

Since the launch in late 2017 , the iCard app got around 500,000 downloads. An increasing number of our users opt to use our accounts for getting salaries paid in because of the security tools we have embedded. Everyone has their own particular favourite feature, but spending money in a way that provides better than expected funds protection is the main conversion point and we seek any opportunity to emphasize it.

how-we-launched-a-1-5mm-month-digital-wallet-and-financial-services-company

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How We Launched A $1.5MM/Month Digital Wallet and Financial Services ... ➜

2. Finvault ($2.64M/year)

Punit Thakker (from Dubai - United Arab Emirates) started Finvault about 2 years ago.

Revenue

$220K / month

View case study

Team

2 founders / 13 employees

Case Study

Hi everyone, my name is Punit Thakker and I am the CEO and co-founder of Finvault – the digital wallet that’s on a mission to financially connect the world. Finvault offers a unique value proposition by letting our users manage all their bank accounts and crypto, in one place. You can remember us as, “One app for all your accounts.”

Once we do launch the app, there will be educational snippets to help users learn more about the crypto basics. Like most businesses nowadays, we are becoming a bit of a media company, with upcoming webinars and a podcast being released soon, with hopes of simplifying what we believe to be the future of money.

on-disrupting-fintech-building-a-2-6m-year-digital-wallet

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On Disrupting Fintech & Building A $2.6M/Year Digital Wallet ➜

Learn more about starting a digital wallet app:

Where to start?

-> How to start a digital wallet app?
-> How much does it cost to start a digital wallet app?
-> Pros and cons of a digital wallet app

Need inspiration?

-> Examples of established digital wallet app
-> Marketing ideas for a digital wallet app
-> Digital wallet app slogans
-> Digital wallet app names

Other resources

-> Digital wallet app tips
-> Digital wallet app hashtags

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Createing A Digital Wallet App: Everything You Need To Know

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5. MetaMask

A crypto wallet & gateway to blockchain apps

Website traffic: 4.69M/month
Business rank: #7.3K

Check out their full website ➜

6. Digital Wallet

Website traffic: 1.61M/month
Business rank: #21.5K

Check out their full website ➜

7. Coins.ph

Coins.ph is the most convenient mobile wallet for Filipinos to buy load, make online payments, and trade digital currencies. Approved and regulated by the BSP.

Website traffic: 2.15M/month
Business rank: #21.7K

Check out their full website ➜

Pat Walls, Founder of Starter Story

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