How To Develop An App Like Tabby: Features, Cost, and Steps

Are you someone seeking to assist people with an innovative app like Tabby?

In the world of finance, buy now, pay later apps have created a new era to help customers purchase products and services without committing to a full payment amount.

With an app like Tabby, users don’t need to think twice before buying an item. They can go ahead with the purchases and get the product that too, without paying interest.

Well, developing an app like Tabby is a challenging task. However, with the right guidance, you can excel at it.

There are many factors to consider.

Discover them all here.

Tabby – Shop Now, Pay Later

When you are new to an industry, it’s vital to learn about its nuances and current data.

Relax, we’ve done it for you. Check it out here.

Tabby is an app where users can shop for their favorite brands and split payments into 4 interest-free amounts with no interest or hidden charges.

Not only this, but app users can earn cashback when they access large deals. Under this app, the users can get exclusive discounts and discover thousands of brands as well as products that help the users to pay in 4 installments.

The platform provides a flexible payment method that offers security and freedom for buying everything that they require now or paying later in installments without any added interest or fees.

Let’s check the related BNPL statistics in the following points.

• Global BNPL transactions are predicted to rise by 450 billion USD between 2021 and 2026.
• The market share of BNPL apps has increased within domestic e-commerce payments in both Sweden and Germany, which was around ten times higher than the same market share within global e-commerce payments.
• The findings of the study underscore a significant discovery for BNPL usage. Additionally, 77% of Tabby shoppers plan to use financial services to make purchases in 2024.
• Tabby app attracts 2 million shoppers and drives a record 26 million clicks to its retail partners. Additionally, the payments and shopping app has released new figures representing record-high user engagement over the past year.

Well, are you ready to create an app like Tabby? If not, the following section is for you.

Why Develop an App Like Tabby?

What are some popular reasons to develop an app like Tabby?

Here is the list to continue with.

1. Boost Engagement

Developing an app like Tabby can be useful in increasing engagement by driving innovation, as you can build dedicated software. Additionally, including diversified features such as a system of rewards or providing a discount and coupon on every transaction can boost engagement.

2. Generates Additional Revenue

By developing an app like Tabby, you can get an opportunity to earn additional revenue through different monetizing parameters. Here, you can include varied monetization sources such as in-app purchases, in-app advertising, data monetization, and many more.

3. Increases Brand Awareness & Brand Recognition

Do you want brand recognition? Well, in the finance sector, it’s important to be renowned for being easily accessible to the users. The logos of an app will flash in front of the users will helping them remember your brand name and business.

4. Improves User’s Trust

Creating an app carries much higher value among the users. You must have examined the trust of the users in e-commerce apps like Amazon or payment apps like Google Pay or PayPal. Hence, developing an app like Tabby can help increase users’ trust.

Are you ready to start developing an app like Tabby?

Well, as you proceed, the next barrier can be features where you might get stuck.

The following section is for you.

Features to Include While Developing an App like Tabby

What are the key features to consider when creating an app like Tabby?

Here is a list of BNPL app features to consider.

♦ Merchant Integration

A seamless integration across devices with the merchant is important when developing a BNPL app. Here, the app should support integration with the e-commerce platforms.

♦ Payment Gateway Integration

Integrating multiple networks within a dynamic market can help users with diverse payment preferences. This comprises handling diversified payment methods and promoting easy money transfers.

♦ Notifications

Push notifications and alerts are some of the critical components within BNPL software that further enhance user engagement and retention. These notifications help the users to get updates on the current environment.

♦ Security

Adding a security feature in the app is crucial for building the trust of the users in the brand. Within mobile app security, incorporating advanced features such as biometrics and encryption is essential.

♦ Reporting and Analytics

It’s just another feature for the merchants that will be useful for reporting and analytics. This feature will offer merchants an option for gathering details and use them to proceed with engagement.

♦ APIs and Webhooks

Integrating APIs in an app like Tabby, you will be able to maintain strong merchant relationships as a key. Under this feature, you can proceed with sending data between an application and a server.

♦ Instant Credit Check Feature

The instant credit check feature will provide you with a quick check within the BNPL app. With this feature, your app can incorporate a quick check feature within the BNPL application. This helps to offer seamless transactions.

♦ Customer Support

Through customer support, you will be able to provide the users with an option to access support assistance when they face trouble with BNPL. This will maintain the trust of the users in the app.

After incorporating such features within the app, you can develop an app like Tabby. Well, let’s evaluate the app development process.

How to Create an App Like Tabby?

Before you switch to the mobile app development cost, let’s provide you with a detailed related of the steps undertaken for developing it.

Step 1: Market Research

If you want to develop an app like Tabby, it’s crucial to conduct in-depth market research. This will help you to learn about the target users and their demands.

Step 2: App Design

UI/UX app design is all about identifying the color, theme, and pattern that will attract and engage the users at first glance. It should be simple to use.

Step 3: Tech Stack Selection

Under mobile app tech stack selection, you will include the type of technologies useful for creating an app like Tabby. Technology selection should support the features and design.

Step 4: Build the Complete App

Now it’s time to build the complete app by combining the number of steps. Here you will be required to add front-end and backend, according to the platform selection among Android, iOS, and Hybrid.

Step 5: Testing the App

You should conduct mobile app testing before launch. This step will be useful for validating the appearance, performance, along functionality of apps across different devices.

Step 6: Launch and Maintenance

Now, it’s time to launch the app in the market. Along with this, it is essential to consider effective app maintenance services, where all you require is sustaining the app in the competitive market.

After learning the steps to create an app like Tabby, now it’s time to know the type of resources required to be invested here.

Let’s proceed with the next section.

What’s the Cost to Develop an App like Tabby?

To evaluate the cost of creating an app like Tabby, it is essential to identify the number and types of factors impacting its performance.

However, on average, the cost to create a BNPL app can vary from $15,000 to $250,000.

Want to know about the factors impacting it? Let’s discover them all in the following section.

How to Monetize an App Like Tabby?

App monetization frameworks are all about adopting and implementing techniques to cover costs.

Here is the list of strategies considering BNPL app monetization frameworks.

♦ In-App Advertising

Within in-app advertising, you should be able to earn money by providing a space for other brands to promote their products and services. This will provide you with a regular income as long as you continue to advertise their services.

♦ Data Monetization

Data monetization is all about monetizing the user’s data after getting consent from them. Here you can make reports and then send them to other enterprises. In exchange, you can demand a fee for providing data.

♦ Merchant Fee

With an app like Tabby, you might earn a small amount for every transaction. This amount can be categorized as a merchant fee. This acts as a collaboration among the merchants, where they can get an opportunity to connect with a wide audience.

♦ Late Fees or Penalties

You can earn money from the user by charging them late fees or penalties for every late transaction. This can create a source of revenue for the users. As a BNPL app, you can provide an option for interest-free loans. However, if it gets delayed more than a defined date, you can charge a penalty.

♦ Cross-Selling Opportunity

With the BNPL app, you can access details that are related to customers’ purchasing behavior via analytical tools. This will assist you in offering them a cross-selling option where you can sell them another service along with providing the facility of BNPL.

Well, after learning about cost, monetization, and factors impacting the same, it’s essential to identify another resource.

Are you ready to learn about the time taken to build an app like Tabby?

Time Taken to Create an App Like Tabby

How much time does it take to develop an app?

Identifying the time to create an app like Tabby will include several parameters such as cost, the complexity of the app, the size and expertise of the development team, and much more.

However, let’s evaluate the estimate in the following section.

If you are still confused about the resources required to develop a clone like Tabby, then connecting to a team of developers can help.

How Nimble AppGenie Can Help in Creating an App Like Tabby?

Nimble AppGenie is an authorized and well-experienced company known for delivering projects with honesty and integrity.

Our developers have expertise in multiple languages, databases, and different functionalities to excel you in the industry.

We are the leading BNPL App Development Company, which knows the perfect way to bring your dream software into reality. Our team performs all the research about the market, technologies, programming languages, designs, and all other aspects. Hence, all you need is to discuss and enjoy the process of its development.

Conclusion

The cost of creating an app like Tabby depends on different factors, including app complexity, design, maintenance, security, choice of platforms, technologies, and selecting a team of developers.

Hence, without evaluating such factors, you cannot arrive at the actual cost. However, to define the complexity, it’s vital to identify the type of features you can include within the app. Here are the features that can be navigation, security, merchant integration, payment gateway integration, customer support, webhooks, and APIs.

Other than this, you can implement certain crucial strategies for covering the cost. These can include in-app advertising, data monetization, merchandising, and cross-selling. Connecting with an experienced company can help you out with many other parameters.

FAQs

Niketan Sharma

Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.