The company will retain its no charge policy to promote cash-less economy
March 9, 2017: Indian mobile wallet major, MobiKwik today announced that it will continue to offer free uploading of money into their wallet for all users, including credit card users. Post demonetization, in order to boost the government’s vision of cash-less India, the company had a stated policy of revoking fees on uploading money through credit cards and today the company reiterated its policy of continuity.
MobiKwik has been on the forefront of India’s cash-less journey and aim to build on the customer’s trust and deliver efficient, transparent and simple financial solutions which will fast track adoption of digital payments in the country. The company currently serves over 55 million users and 1.4 million merchants. By the end of 2017, MobiKwik aims to increase its user base to 150 million and serve over 5 million merchants. The company is the leading digital payments provider for IRCTC, NHAI, Amul, MakeMyTrip, Myntra, Jabong, Big Bazaar and other major retailers.
About MobiKwik
MobiKwik is an Indian wallet major with a network of over 14,00,000 direct merchants and 55 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments and Net1. MobiKwik has also launched an sub 1MB app; ‘MobiKwik Lite’ that works seamlessly on EDGE connections.
One of the leading digital payments platforms for online and offline merchants, MobiKwik is powering payments for IRCTC, NHAI, GSRTC, Uber, Meru Cabs, Amul, AIIMS, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip.