GUIDE TO BUILD A BILL-SPLITTING MOBILE APPLICATION
September 2, 2022
Samantha Jones
Looking for a seamless, hassle-free way to split your bills? You’re on the right page. We at TechnBrains are here to help you out with the unique mobile app development ideas. Gone are the days of having to track and share expenses spent with friends. It can seem hard to break the bill when you go to a big gathering with friends, roommates, or co-workers.
WHAT IS MEANT BY THE SPLIT BILL APP?
Bill Split / Bill Split App allows you to track, manage and split your bills between roommates, friends, co-workers, and more. Some apps also make it easy to connect bank accounts that allow direct payments or payments outside the app. This concept is useful for students, friends, groups who share a room or house, couples, and groups who go on trips, meals, and parties. The Split Billing app allows you to split whatever bills you can think of, such as utility bills, restaurant bills, travel bills, and grocery bills.
WHAT ARE THE MARKET STATISTICS FOR SPLIT BILL APPS?
The split bill app market is divided into two categories: region (North America, APAC, MEA, South America, Europe) and
platform (iOS and Android). The split billing app market share will reach approximately $349.68 million by 2026, at a CAGR of 10.84%. In 2022, such apps are expected to grow at about 8.51% annually. The global bill-splitting app market is gradually growing due to increasing smartphone usage. For this reason, many app developers release different apps and reap the benefits that come with them.
For example:
If you want to go out to eat something delicious with your friends, this is the best application ever. Biller determines how much everyone should pay for their appetizer (because they know they don’t want to pay for someone else’s Chinese cuisine when they’re enjoying a salad). They want to pay for other people’s Chinese, such as appetizers and main course food.
This application is available for iPhone and Android both. The free app is great if you often share expenses with someone. When you’re ready to pay, settle your debt with a simple PayPal transfer.
WHY BUILDING A BILL-SPLITTING APP IS A GREAT IDEA FOR A FINTECH APP?
- Easy refunds
Most people may find it embarrassing to ask a friend to pay for their share after attending a party, but that’s no longer a problem. The perfect solution here is to split the bills. , is a bill splitting app that displays bill amounts and pays with online banking.
- No need to track or calculate split amounts
Knowing who’s ordering, paying, or the amount, including taxes, time, etc., can be time-consuming and stressful, especially if you’re in a crowd where you can stand out and share hundreds or thousands. In this case, you can pick up your phone, install the bill-splitting app, and use it to perform all the important tasks you’ve been doing to pay your bills.
- Storage of credit card data
If you pay your bill directly in online mode, you don’t have to enter your account or credit/debit card details repeatedly. Bill splitting app allows you to enter only the bank and card details you need at once and enjoy using them every time.
- Transaction history
Bill splitting app keeps track of all the transactions you make using the app. You don’t have to keep all the details in mind.
HOW DOES THE INSTALLMENT DO THE PAYMENT APP WORK?
- Invite your friends to the app
In such apps, registration is easy and free. You can get it done and invite your friends to share the link.
- Create a group
After they’ve joined, you can create a group, including any friends you want, and enjoy easy, hassle-free bill sharing.
- Store credit/debit card details
Users can add card details, so they don’t have to do it repeatedly. In addition, it is convenient because you can pay by card without cash.
- Calculate and pay easily
Users can easily and quickly calculate and pay informal debts such as meals, travel, and recurring bills together.
TO-NOTCH SPLIT MOBILE APPLICATION WORLDWIDE:
- Split-wise mobile application
Split Wise is the easiest and stress-free way to split expenses with friends and family. It includes millions of users who organize group bills for meals, travel, and household budgets.
- TRICOUNT APPLICATION
With a simple layout and design, Tricount is used as a split app. Whether you share an apartment or a trip with your friends, the groups you create through your links can help you manage your expenses. Users can create groups and share the link with their friends to invite them to join. This split billing app offers a variety of options that can meet the different splitting needs of users. Tri count works offline and supports push notifications to notify group members of pending payments.
- Settle Up App
This split billing app helps you track your expenses. Perfect for roommates, travelers, organizers, couples, and other groups of friends. Just add the cost and run.
ENDNOTE:
From now on, you don’t have to face such troubles as various bill-splitting apps in the mobile app industry make it easy for you to split the bill. Split bill apps are not a new concept, but neither are they popular. Our post of TechnBrains will help you comprehend the bill-splitting app concept, market analysis, how it works, features, and more.
