As people spend more and more time using smartphones, mobile applications have become an essential part of possible ways to extend business. Thanks to mobile apps your product can attract new customers, boost overall user engagement, and provide new functions that are not available on other platforms.
Putting focus on the FinTech industry, nowadays companies are transforming the way people interact with financial services. From budgeting apps to complex trading platforms, the demand for seamless, secure, and accessible mobile experiences has skyrocketed. This is where FinTech mobile app development plays a critical role.
Whether you’re launching a bank platform, crypto wallet, payment gateway, or investment tool, a well-designed mobile application is no longer a nice-to-have – it’s a necessity. So, learn more about FinTech mobile app development and its importance for product boost with our article.
What Is Mobile Application Development?
To put it simply, mobile application development is the process of creating software applications that run on mobile devices like smartphones and tablets. These apps can be developed for specific platforms such as iOS or Android, or designed to work across both using cross-platform frameworks like React Native or Flutter.
Are Mobile Apps in Demand in FinTech?
Banking has transitioned from traditional brick-and-mortar institutions to convenient smartphone applications. The rise of digital banking was significantly accelerated by the pandemic, prompting many conventional banks to adopt FinTech solutions. This shift allowed them to offer customer services online, minimizing the need for in-person interactions while enhancing safety and accessibility.
According to Webline India, in 2025, FinTech app development is expected to focus heavily on blockchain integration, AI-powered personalization, and smooth, user-friendly design. The global FinTech market is projected to reach $305 billion, with mobile payments playing a leading role in the growth of e-commerce.
Narrowly, crypto mobile apps show the biggest demand on the market. For example, the market analysis of Adjust showed that the number of apps in the App Store steadily grew, with a notable rise during the 2017–2018 crypto bull run. Growth slowed in 2019–early 2020 but picked up again from July 2020 onward.
Specifically, in 2024, the United Arab Emirates (UAE) saw a surge in cryptocurrency app downloads, reaching a total of 15 million installations. This represented a 41% increase compared to the previous year.
Why FinTech Mobile Apps Matter
As we discussed the growing demand for mobile applications, especially for the blockchain and crypto sphere, let’s explore why mobile apps are so crucial for FinTech startups, scale-ups, and even established financial institutions.
Customer Convenience = User Retention
Your users expect 24/7 access to their financial data. A mobile app gives them the power to check balances, make payments, trade assets, or apply for loans (and crypto loans) – on the go. This accessibility improves customer satisfaction and encourages daily usage.
Real-Time Engagement
Push notifications, alerts, and tailored messages allow you and your product to stay connected with users. Whether it’s a transaction confirmation or a crypto market update, mobile application development lets you engage your audience in real time.
Security and Trust
Security is paramount in FinTech. Mobile apps allow developers to integrate biometric authentication (fingerprint, face ID), 2FA or MFA, and encrypted data handling, building user trust and regulatory compliance.
Scalability and Personalization
Last, but not least, modern FinTech mobile app development enables scalable infrastructures and personalization. As your user base grows, the app can deliver more tailored services: from spending insights to personalized investment portfolios.
Dreaming about developing a mobile application for your FinTech product – Evercode Lab is ready to help you make a dream come true! Learn about our mobile app development abilities and contact us for more information.
Platforms For Mobile App Development
When diving into mobile application development, choosing the right platform is key. Now we’ll look closer at each platform.
iOS development
- Ideal for premium users and early adopters
- High revenue per user
- Streamlined development ecosystem with strict App Store guidelines
Android development
- Greater global reach, especially in emerging markets
- More flexibility in app deployment
- A wider variety of devices
Cross-Platform development
- One codebase for both iOS and Android
- Cost-effective and time-saving
- Easier to maintain and update
- Combine the best practices from both platforms
For most FinTech products, cross-platform development is a smart choice – offering broad reach without doubling the development effort. Learn more about all the pros and cons of cross-platform development in our previous article.
Trends in Mobile Application Development
As we always repeat – staying ahead of the curve is crucial for any product. To help you be informed, here are a few trends shaping the future of mobile application development:
- Simple self-custody app on mobile
- Built-in dApp integration
- Superapps: wallet + trade + earn + credits
- Gamification & NFTs for smartphones
Final Thought
To sum up, whether you’re building a crypto wallet, a peer-to-peer lending app, or a digital bank, FinTech mobile app development is central to your growth strategy. Your app is more than just a product – it’s the gateway to user trust, engagement, and loyalty. People still prefer to start their journey with mobile offers, because they are often clearer, more convenient, and the user’s entry threshold is lower compared to desktop applications.
Evercode Lab is ready to create mobile applications and services of any complexity for the B2B segment in the FinTech industry! Contact our team today to learn more about how you can bring your product to a new level!