diff --git a/packages/yoroi-extension/app/UI/components/Switch/Switch.tsx b/packages/yoroi-extension/app/UI/components/Switch/Switch.tsx
new file mode 100644
index 0000000000..a23ebcdd11
--- /dev/null
+++ b/packages/yoroi-extension/app/UI/components/Switch/Switch.tsx
@@ -0,0 +1,53 @@
+import * as React from 'react';
+import styled from '@emotion/styled';
+import { Switch as MuiSwitch } from '@mui/material';
+
+const height = 31;
+const width = 51;
+
+export const Switch: any = styled((props: any) => (
+  <MuiSwitch focusVisibleClassName=".Mui-focusVisible" disableRipple {...props} />
+))(({ theme }) => ({
+  width,
+  height,
+  padding: 0,
+  '& .MuiSwitch-switchBase': {
+    padding: 0,
+    margin: 3,
+    transitionDuration: '300ms',
+    '&.Mui-checked': {
+      transform: 'translateX(20px)',
+      color: '#fff',
+      '& + .MuiSwitch-track': {
+        backgroundColor: theme.palette.primary[500],
+        opacity: 1,
+        border: 0,
+      },
+      '&.Mui-disabled + .MuiSwitch-track': {
+        opacity: 0.5,
+      },
+    },
+    '&.Mui-focusVisible .MuiSwitch-thumb': {
+      border: '6px solid #fff',
+    },
+    '&.Mui-disabled .MuiSwitch-thumb': {
+      color: theme.palette.grey[100],
+    },
+    '&.Mui-disabled + .MuiSwitch-track': {
+      opacity: 0.7,
+    },
+  },
+  '& .MuiSwitch-thumb': {
+    boxSizing: 'border-box',
+    width: '25px',
+    height: '25px'
+  },
+  '& .MuiSwitch-track': {
+    borderRadius: height / 2,
+    backgroundColor: theme.palette.grayscale[100],
+    opacity: 1,
+    transition: theme.transitions.create(['background-color'], {
+      duration: 500,
+    }),
+  },
+}));
diff --git a/packages/yoroi-extension/app/UI/features/notifications/common/hooks/useStrings.ts b/packages/yoroi-extension/app/UI/features/notifications/common/hooks/useStrings.ts
new file mode 100644
index 0000000000..9da5369c7d
--- /dev/null
+++ b/packages/yoroi-extension/app/UI/features/notifications/common/hooks/useStrings.ts
@@ -0,0 +1,28 @@
+import React from 'react';
+import { defineMessages } from 'react-intl';
+import { useIntl } from '../../../../context/IntlProvider';
+
+export const messages = Object.freeze(
+  defineMessages({
+    notifSettingsTitle: {
+      id: 'notifications.settings.title',
+      defaultMessage: '!!!In-app notifications',
+    },
+    notifSettingsDesc: {
+      id: 'notifications.settings.description',
+      defaultMessage:
+        '!!!Allow display of in-app notifications for key transactions',
+    },
+  })
+);
+
+export const useStrings = (intl = null) => {
+  const { intl: contextIntl } = useIntl();
+
+  const i = intl || contextIntl;
+
+  return React.useRef({
+    notifSettingsTitle: i.formatMessage(messages.notifSettingsTitle),
+    notifSettingsDesc: i.formatMessage(messages.notifSettingsDesc),
+  }).current;
+};
diff --git a/packages/yoroi-extension/app/UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings.tsx b/packages/yoroi-extension/app/UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings.tsx
new file mode 100644
index 0000000000..2e588a24b5
--- /dev/null
+++ b/packages/yoroi-extension/app/UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings.tsx
@@ -0,0 +1,81 @@
+import * as React from 'react';
+import { Box, FormControlLabel, Typography } from '@mui/material';
+import { useStrings } from '../../common/hooks/useStrings';
+import { Switch } from '../../../../components/Switch/Switch';
+import LocalStorageApi from '../../../../../api/localStorage';
+import { ampli } from '../../../../../../ampli';
+
+const NotificationsSettings = ({ intl }) => {
+  const strings = useStrings(intl);
+  const [notificationsEnabled, setNotificationsEnabled] = React.useState(true);
+  const [selectedWalletId, setSelectedWalletId] = React.useState("");
+
+  const lsApi = new LocalStorageApi();
+
+  async function getNotificationsSetting(checkCurrentWallet: boolean = false) {
+    const notifSettingsStr = await lsApi.getNotificationsSetting();
+    const notifSettings = JSON.parse(notifSettingsStr || "{}");
+
+    if (checkCurrentWallet) {
+      const selectedWalletId = await lsApi.getSelectedWalletId();
+      setSelectedWalletId(selectedWalletId);
+
+      return notifSettings[selectedWalletId] !== undefined ? notifSettings[selectedWalletId] : true;
+    }
+
+    return notifSettings;
+  }
+
+  async function setNotificationsSetting(enabled: boolean) {
+    const notifSettings = await getNotificationsSetting();
+    lsApi.setNotificationsSetting(JSON.stringify({ ...notifSettings, [selectedWalletId]: enabled }));
+  }
+
+  // get initial state from localstorage
+  React.useEffect(() => {
+    async function initialNotifStatus() {
+      const notifEnabled = await getNotificationsSetting(true);
+      setNotificationsEnabled(notifEnabled);
+    }
+
+    initialNotifStatus();
+  }, [])
+
+  // handle checkbox change event
+  const handleNotificationsChange = async (event) => {
+    const enabled = event.target.checked;
+    setNotificationsEnabled(enabled);
+    setNotificationsSetting(enabled);
+    ampli.settingsInAppNotificationsStatusUpdated({
+      status: event.target.checked ? "enabled" : "disabled"
+    })
+  }
+
+  return (
+    <Box mb="40px">
+      <Box>
+        <Typography variant='body1' fontWeight={500} color="ds.text_gray_medium">{strings.notifSettingsTitle}</Typography>
+      </Box>
+      <FormControlLabel
+        label={strings.notifSettingsDesc}
+        control={
+          <Box sx={{ alignSelf: 'flex-start' }}>
+            <Switch
+              checked={notificationsEnabled}
+              onChange={handleNotificationsChange}
+            />
+          </Box>
+        }
+        labelPlacement="top"
+        sx={{
+          mt: '16px',
+          marginLeft: '0px',
+          color: 'ds.text_gray_medium',
+          gap: '16px'
+        }}
+      />
+    </Box>
+  );
+};
+
+export default NotificationsSettings;
\ No newline at end of file
diff --git a/packages/yoroi-extension/app/api/localStorage/index.js b/packages/yoroi-extension/app/api/localStorage/index.js
index 33a9fe25b8..0335d11ef6 100644
--- a/packages/yoroi-extension/app/api/localStorage/index.js
+++ b/packages/yoroi-extension/app/api/localStorage/index.js
@@ -33,6 +33,7 @@ const storageKeys = {
   FLAGS: networkForLocalStorage + '-FLAGS',
   USER_THEME: networkForLocalStorage + '-USER-THEME',
   PORTFOLIO_FIAT_PAIR: networkForLocalStorage + '-PORTFOLIO_FIAT_PAIR',
+  NOTIFICATIONS_ENABLED: networkForLocalStorage + '-NOTIFICATIONS_ENABLED_PER_WALLET',
   BUY_SELL_DISCLAIMER: networkForLocalStorage + '-BUY_SELL_DISCLAIMER',
   // ========== CONNECTOR   ========== //
   DAPP_CONNECTOR_WHITELIST: 'connector_whitelist',
@@ -105,6 +106,14 @@ export default class LocalStorageApi {
   setSetPortfolioFiatPair: string => Promise<void> = pair => setLocalItem(storageKeys.PORTFOLIO_FIAT_PAIR, pair);
 
   unsetPortfolioFiatPair: void => Promise<void> = () => removeLocalItem(storageKeys.PORTFOLIO_FIAT_PAIR);
+  
+  // ========== Notifications Setting ========== //
+
+  getNotificationsSetting: void => Promise<?string> = () => getLocalItem(storageKeys.NOTIFICATIONS_ENABLED);
+
+  setNotificationsSetting: string => Promise<void> = allowed => setLocalItem(storageKeys.NOTIFICATIONS_ENABLED, allowed);
+
+  unsetNotificationsSetting: void => Promise<void> = () => removeLocalItem(storageKeys.NOTIFICATIONS_ENABLED);
 
   // ========== Buy/Sell Disclaimer ========== //
   getBuySellDisclaimer: void => Promise<?string> = () => getLocalItem(storageKeys.BUY_SELL_DISCLAIMER);
diff --git a/packages/yoroi-extension/app/containers/settings/categories/WalletSettingsPage.js b/packages/yoroi-extension/app/containers/settings/categories/WalletSettingsPage.js
index ac4f60a878..4d615111f8 100644
--- a/packages/yoroi-extension/app/containers/settings/categories/WalletSettingsPage.js
+++ b/packages/yoroi-extension/app/containers/settings/categories/WalletSettingsPage.js
@@ -1,6 +1,8 @@
 // @flow
-import { Component } from 'react';
 import type { Node } from 'react';
+import type { $npm$ReactIntl$IntlFormat } from 'react-intl';
+import type { StoresProps } from '../../../stores';
+import { Component } from 'react';
 import { observer } from 'mobx-react';
 import WalletNameSetting from '../../../components/wallet/settings/WalletNameSetting';
 import NoWalletMessage from '../../wallet/NoWalletMessage';
@@ -15,9 +17,10 @@ import { isValidWalletName } from '../../../utils/validations';
 import ChangeWalletPasswordDialogContainer from '../../wallet/dialogs/ChangeWalletPasswordDialogContainer';
 import { Typography } from '@mui/material';
 import { intlShape } from 'react-intl';
-import type { $npm$ReactIntl$IntlFormat } from 'react-intl';
 import globalMessages from '../../../i18n/global-messages';
-import type { StoresProps } from '../../../stores';
+// $FlowIgnore: suppressing this error
+import NotificationsSettings from '../../../UI/features/notifications/useCases/NotificationsSettings/NotificationsSettings'
+import environment from '../../../environment';
 
 @observer
 export default class WalletSettingsPage extends Component <StoresProps> {
@@ -31,6 +34,8 @@ export default class WalletSettingsPage extends Component <StoresProps> {
     const { walletSettings } = stores;
     const { renameModelRequest, lastUpdatedWalletField, walletFieldBeingEdited } = walletSettings;
 
+    const notifFeatFlagEnabled = environment.isDev();
+
     const { selected: selectedWallet, selectedWalletName } = this.props.stores.wallets;
     if (selectedWallet == null) {
       return (
@@ -70,8 +75,11 @@ export default class WalletSettingsPage extends Component <StoresProps> {
           activeField={walletFieldBeingEdited}
           nameValidator={name => isValidWalletName(name)}
         />
+        {notifFeatFlagEnabled && (
+          <NotificationsSettings intl={intl}/>
+        )}
         {selectedWallet.type === 'mnemonic' && (
-          <SpendingPasswordSetting
+          <SpendingPasswordSetting 
             openDialog={() =>
               stores.uiDialogs.open({
                 dialog: ChangeWalletPasswordDialogContainer,
diff --git a/packages/yoroi-extension/app/i18n/locales/en-US.json b/packages/yoroi-extension/app/i18n/locales/en-US.json
index 34a1d9d7b6..96f16de246 100644
--- a/packages/yoroi-extension/app/i18n/locales/en-US.json
+++ b/packages/yoroi-extension/app/i18n/locales/en-US.json
@@ -341,6 +341,8 @@
   "settings.unitOfAccount.note": "<strong>Note:</strong> coin price is approximate and may not match the price of any given trading platform. Any transactions based on these price approximates are done at your own risk.",
   "settings.unitOfAccount.revamp.label": "Select currency",
   "settings.unitOfAccount.title": "Fiat pairing",
+  "notifications.settings.title": "In-app notifications",
+  "notifications.settings.description": "Allow display of in-app notifications for key transactions",
   "sidebar.assets": "Assets",
   "sidebar.faq": "Faq",
   "sidebar.feedback": "Feedback",