monay-logo Banking, Finance & Insurance

A Digital Wallet Solution Catering To All Types of Business Needs

  • iOS
  • Android

About Monay

Monay is a Digital Wallet that serves flexible and cashless solutions for peer-to-peer money transfers and retail payments. It is an app solution that allows users to make instant digital payments to other retailers or businesses. It is a great medium to fasten the transaction process and the user doesn’t require to carry currency or electronic cards wherever they move.

It is quite a convenient platform that allows users to send money to other users via Monay Wallet balance, credit, and debit cards. Not only this, the user can even track all the payments along with their details that are made through the platform.

  • Client’s Location


  • Development Time

    06 Months

  • Target Users

    Merchants and Financial Institutes

Technologies Leveraged

We leveraged the strength of robust and secure technologies, tools, and frameworks used in the app/web to escalate the creation of new features and functionalities.

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    React Native

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Identifying the Client Needs

Mobile wallet app has overcome the challenges of monetization and open the doors to financial access for millions of people who were otherwise excluded. But as a matter of fact, digital wallets are no longer a value store. mWallets are becoming access points for gaming, commerce, and loyalty. Our client had an eye for this industry and to greet the rise of online wallets in his country, he tapped his collected idea to create a peer-to-peer money transfer app. To build this online app platform, team Monay planned to hire Codiant- a Pro Mobile Wallet App Development Company.

Client Goals

Our client aimed to build a highly secure, convenient, quick and easy-to-use digital wallet that enhances overall user experience and compels users and merchants to prefer digital payment mode, rather than the traditional payment system. To deal with the issues a customer usually faces while making payment the following goals have been considered to develop the Monay-

  • App Objectives

    • A convenient way to pay, send, and request money
    • Easy bank deposit and withdrawals
    • Peer-to-peer money transfer
    • Multiple payment mode options.
    • Multiple methods of payment transfer

Mobile Visual Designs

Our UI/UX team developed hi-fi prototype after low-fi approval, through intuitive interfaces and aesthetically appealing layouts.



Based on the well-designed high-fidelity prototypes and the client’s specifications, the development team built the platform from ground zero level. They ensured to integrate all the features and functionalities that are required for all the three stakeholders in the app version. For the User, Merchant, and Admin Panel the following functionalities were integrated to build the high-performing digital wallet app platform.

Easy Registration

Users can easily register and log in to their account with an email id/phone number and password.

Link Bank Account

Users can link their bank account by adding required details and following the steps accurately.

Add Balance

Users can add balance into the wallet from their linked bank account.

Transfer Money

Users can directly transfer money from their wallets to the merchant’s account.

Bill Payment

Users can instantly clear their bills by using the wallet amount.

Offers And Discounts

Users can avail of periodic offers & discounts that are provided by the admin or the merchant individually.

Check Balance

Users can check their wallet balance in no time.

Set Autopay

Users can enable autopay mode from their wallets for recurring payments.

Transaction History

Users can check all the previous payments made with details.

Receive Payments

Users can receive direct payments to their wallets from any individual.

Send Invites

Users can share the app link with anyone to invite them on the platform.

Earn Referral Points

Users can earn referral points on new joining and enjoy benefits.

Sign up/Login

Merchant can create their profile and quickly log in with email id/phone number and password.

Manage Customer

Merchant can manage their customer details and transactions to maintain transparency in accounts & finances.

Create QR Code

Merchant can share the QR code with the user to facilitate instant payment.

EMI Payment Options

Merchant can allow the user to make payments through EMIs.

Reward Points

Merchant can reward customers to promote payment digitally and quickly.

Promotional Offers

Merchant can lure customers by providing promotional offers.

Log In

Admin can log in to their account with an email id and password.

Merchant Management

Admin can manage all the registered merchants’ details, transactions, and other info.

User Management

Admin can track the details and transaction details of each user/customer.

Real-time Analytics

Admin can access all the details and transactions in real-time.

Revenue Management

Admin can keep track of all the transactions and manage overall revenue.

Security Management

Admin can handle data security and the sensitive information of users and merchants.


Project Outcomes: Evaluating the Impact

Monay has streamlined the user and merchant’s payment-related interaction through digital wallet mode and is making its users immensely satisfied. Considering the sensitivity of the user’s personal details and payment integration mode, Codiant took all the authentication and security initiatives to keep all transactions and users’ details secure. As we understand that in such types of platforms a microscopic-size of data breach could cause destruction.

  • To make quick and seamless payments, Monay benefits customers with the ease and convenience of a digital wallet.
  • Monay app incorporates advanced security features to maintain the data privacy of its customers.
  • Offering loyalty program integration, digital wallet solutions, rewards, and cashback to encourage customer loyalty.
  • Monay promotes contactless and touchless transaction experience to users at physical stores.

Read More Case Studies

Monay promotes contactless and touchless transaction experience to users at physical stores.


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