How to Develop a BNPL App Like Tamara | Cost to Build Split Payments App Like Tamara

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How to Develop a BNPL Split Payments App Like Tamara | Cost to Build Payments App Like Tamara

In this video, we discuss how to build a Split Payments App like Tamara, diving into everything from the market size to the incredible business opportunities this app can offer.

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Do You Want To Create Your Own Split Payments App Like Tamara

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If you're a business owner or entrepreneur looking to tap into the booming world of buy-now-pay-later (BNPL) services, this video is for you!

➡️ Market Size & Opportunity

The Split Payments market is growing rapidly, with a global value expected to exceed $680 billion by 2025. With more consumers seeking flexible payment options, businesses that offer Split Payments are in high demand.

Apps like Tamara have gained massive popularity in regions like the Middle East and Europe, showing that this trend is not just a passing fad but a long-term shift in consumer behavior.

➡️ Why Build a Split Payments App?

✅ Tap Into a Growing Market: With more consumers preferring to split their payments, offering this option can significantly increase your customer base and sales.

✅ Improve Cash Flow: Even though customers split their payments, businesses can receive the full payment upfront, reducing the risk of late payments and improving cash flow.

✅ Boost Customer Loyalty: Split Payments can make high-ticket items more affordable, encouraging repeat purchases and increasing customer loyalty.

✅ Expand Globally: Apps like Tamara have shown that Split Payments are popular across different regions. Building your own app can help you reach international markets.

✅ Stay Competitive: As more businesses adopt BNPL services, having a Split Payments app can give you a competitive edge, making your offerings more attractive to potential customers.

➡️ Benefits for Business Owners

✅ Increase Sales Conversion: By allowing customers to pay in installments, you reduce the barrier to purchase, leading to higher sales conversion rates.

✅ Lower Risk: Unlike traditional credit services, where businesses bear the risk of non-payment, Split Payments providers usually cover the risk, offering peace of mind.

✅ Access to Customer Insights: A Split Payments app provides valuable data on customer purchasing behavior, which can be used to tailor marketing strategies and improve product offerings.

✅ Attract High-Value Customers: By offering a flexible payment solution, you can attract customers who are willing to spend more on high-quality products or services.

Building a Split Payments App like Tamara presents a fantastic opportunity for business owners to capitalize on a growing market. Whether you want to increase sales, improve cash flow, or expand your business globally, this video will guide you through the key steps to developing your app and reaping the benefits.

Chapters -
00:00 Introduction
00:29 BNPL Market Size
01:14 What Makes Tamara Special?
01:48 What Makes Tamara Unique?
02:39 Revenue Models & Potential Earnings
04:04 Steps to Develop a Split Payment App
04:11 Step 1 (Thorough Market Research)
04:58 Step 2 (Form a Development Team)
05:41 Step 3 (Define App's Core Features)
06:30 Step 4 (Technology Stack)
07:24 Step 5 (Minimum Viable Product)
08:33 Time to Launch

Why Choose IdeaUsher - -

Idea Usher (a top-rated company on Clutch and GoodFirms) has worked with 500+ clients from Fortune 500 companies like the Gold's Gym, Honda, and indie brands on hybrid app apps, mobile apps, and custom websites- enabling business growth for clients.

Our 200+ team houses developers, project managers, QA testers, and scrum masters with over 50000 hours of hands-on experience combined.

Ready to transform your digital vision into reality?

Book a Free Consultation with IdeaUsher, a top-rated app development service, and let our experienced team of developers, project managers, and QA testers bring innovation to your fingertips.

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