January 17, 2017: Indian mobile wallet major, MobiKwik today announced that the company has registered 10000% growth in transactions from oil & gas sector. MobiKwik powers digital payments for all major Hindustan Petroleum, Bharat Petroleum and Indian Oil petrol pumps in 20 Indian cities.
Upasana Taku, Cofounder of MobiKwik said,“Petrol and Diesel are daily necessities and we have been working aggressively to drive adoption of digital payments in the sector. Within the past week, we have achieved 10 times growth in transactions and are certain that the oil & gas sector will contribute tremendously to our growth in 2017.”
In early January 2017, MobiKwik had announcedzero surcharge on all transactions from oil & gas sector. The company has also been investing hugely in promotions to drive adoption from the sector. MobiKwik’s recent free petrol drive in Delhi NCR registered over 20000 transactions within the two hours of activation.
About MobiKwik:
MobiKwik is an Indian wallet major with a network of more than 10 lakh direct merchants and over 45 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 aspires to be the largest source of digital transactions in India. It is powering e-payments for IRCTC, Uber, Meru Cabs, 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.