This is a tough question, it depends on which provider will work with you. Barring our fees (which can be a minimum of US$ 7,500 or a maximum of US$ 28,000) this is what you typically should prepare for:
(i) Reserve Requirement: US$ 5,000 (minimum)
(ii) Pre-funding Amount: US$ 5,000 (minimum),
(iii) One-time Setup Fees: US$ 2,500 (minimum), and
(iv) Monthly Fees: US$ 248/month (minimum).
If we take these amounts, then you’re looking at a minimum of US$ 23,000 approximately to go live. This is assuming you would make your own app (using the API) and also there is no room for sales and marketing budget.
This page was last updated on February 20, 2023.