Cost to Create Bill Payment App like My Optus -

Optus bill payments app, or My Optus as it is commonly called, enables managing accounts, viewing bills, and making payments within one application. Cost factors and other concerns are discussed in short!

The use of mobile wallets to make card payments has increased significantly in recent years. In the March quarter of 2022, 27% of debit card transactions and 21% of credit card transactions were made using mobile wallets.

My Optus app is preferred in Australia for making bill payments over (1) PayPal, (2) BPAY, (3) Afterpay, (4) Apple Pay, (5) Google Pay, (6) Samsung Pay, and (7) POLi payments.

Optus mobile plan is applicable outside Australia via their international roaming feature, enabling making calls, sending texts, and accessing data while traveling overseas, though specific charges will apply depending on your destination and plan. Optus has roaming agreements with networks in many countries worldwide, enabling you to use your phone while traveling internationally.

Specific international roaming packages or add-ons are available. Even Optus prepaid customers access international roaming. Before traveling, verify which countries are included in your roaming plan and the charges. It is useful for checking your usage, viewing current bills, paying the bill, managing account settings, and contacting Optus customer service.

How is it Different From Other Payment Apps in Australia?

My Optus app allows Optus customers to manage their accounts and pay their bills. Its features include (1)View payment information, (2) check usage, (3) change account settings, (4) messaging Optus, and (5) pay bills; payment methods include (1) Accepting credit cards, (2) debit cards, (3) bank account details; payment processing fee include (1) a 0.336% payment processing fee is applied to credit, debit, or (2) charge card payments; direct debit include (1) setting up direct debit to avoid fees; availability on the Optus Open Network within Australia.

What does this app offer?

Setting up a User account. Sign In/Sign Up: Secure account creation and login.
Bill Management: View and manage multiple bills from different providers.
Payment Processing: Secure payment gateway integration for credit/debit cards, net banking.
Payment transaction history with filtering options.
Payment Reminders: Notifications for upcoming bill due dates.
Account Details: Access to account information (balance, usage details).
Customer Support: In-app contact options for assistance.
Account management: Manage your Optus account, including plans, usage, connection, and services
Billing: View and pay bills, set up direct debit payments, and switch paper bills on or off
Usage tracking: Track your usage, including different call types and charge types
Voicemail: Activate or deactivate your voicemail
Customer care: Chat with an Optus Customer Care representative or call Optus
Network features: Use Optus Internet Turbocharge to increase your home internet speed, or use Optus Pause to take a digital breather
ID verification: Use a digital ID powered by Mastercard to verify your identity
Personal details: Update your details
eSIM: Transfer to or restore an eSIM
ScamWise: Access ScamWise with FAQs
Prepaid plans: Activate a prepaid plan with AutoRecharge enabled
Manage your account: You can use the app to manage your Optus account, including paying bills, setting up direct debit payments, and updating your details.
Track your usage: You can check how much of your monthly credit you’ve used, including how much you’ve used for calls and data.
Control your connection: You can use the app to control your connection with network features, such as pausing your internet or increasing your data for a day.
Chat with Optus: You can use the app to chat with an Optus Customer Care representative to ask questions about your service.
Activate or deactivate voicemail: You can use the app to activate your voicemail so you can record an answering message.
Use a digital ID powered by Mastercard to verify your identity.
Access 24/7 support through the app.
Experience the Optus Living Network: You can experience the Optus Living Network through the app.
Shop and buy: You can shop and buy from Optus through the app.

Free, Free, Free – Everything That is Free is Desirable

The My Optus app is a free app that allows customers to pay their Optus bills, manage their account, and access their Optus services:

You can use the app to manage your account without remembering your customer number. To access the app, you use the same login credentials as your “My Account” on the Optus website. You can download the “My Optus” app on your smartphone to access your Optus account on the go. To pay your bill, open the app, tap Billing, and then tap Pay Now. You can use the app to experience the Optus Living Network and get support.

How to use this app?

Using the MyOptus app is easy. Download and open the app. Click Log in or register. Enter your login email address and password. Read and accept the Terms and Conditions. Users get to use a credit or debit card to pay their Optus bill through the My Optus app. There is an option to save the card or bank details for faster bill payments.

Paying the Bill via Optus

Log in to your account, review your bill, and pay using a credit card or linked bank account. Open the app, select Billing, click pay now, enter your card details, and click Pay. Select Afterpay as your payment method at checkout. Login into your account, and complete your checkout.

If you are not able to pay the bill directly, (1) set up a direct debit from your bank account to have the amount due automatically deducted on the bill’s due date. This is a fee-free option; (2) create a one-time code that you can use in your banking app to make payments. You can share the code with others who can pay on your behalf; (3) make a payment via BPAY, but it may take up to three business days for Optus to receive it; (4) pay your bill in person at an Australia Post Office using cash, EFTPOS, cheque, or money order. (5) call Optus customer service at 1300 309 309 to make a payment using a credit or debit card. (6) visit an Optus store or an authorized retailer.

They Earn a Commission

Optus charges a 0.336% payment processing fee for payments made via credit, debit, or charge cards. There’s also a $2.20 fee for receiving your bill by mail. To avoid this fee, you can set up bill notifications via email or text. If you don’t pay your Optus bill, your account could restricte. Your service could also be disconnected, and your account could be referred to a debt collection agency.

Tentative App Development Cost (will discuss factors affecting this figure subsequently)

To build a bill payment app with similar functionality to Optus, expect to spend anywhere between $30,000 and $250,000 depending on the complexity of features, design, and the development team you choose. Peck in the hierarchy of complexity suggests a simple user interface, basic bill payment functionality, and limited integrations – around $30,000 – $50,000. More advanced features like payment history, multiple billers, account management, and push notifications – $50,000 – $120,000. Even more complex features like budgeting tools, financial analysis, biometric authentication, extensive integrations – $120,000 – $250,000+.

The cost to develop also varies with platform, native apps for iOS and Android are of the highest quality but require separate development for each platform, potentially increasing cost. Cross-platform apps built with React Native and Flutter featuring a single codebase for both iOS and Android, are more cost-effective. Web applications are accessible on any device but might have limitations in functionality.

Like every other app, a team of developers, in-house or freelance can arrange to build it, but that will affect the overall cost of the app. Hiring app development companies in India or an individual full-stack developer also affects the cost.

It is also important to consider:

Security: Implementing robust security measures to protect user data is crucial for a financial app.
Compliance: Adhering to relevant regulations and data privacy laws.
Scalability: Design the app to handle increasing user volume and features in the future.

To get a more precise cost estimate, consult with a reputable mobile app development company in India and discuss your specific requirements in detail.