Being an under 1 mb app that works smoothly on EDGE connections, the app aims to address the underserved smartphone users in India, who face challenges of slow data connectivity and thus are unable to access digital payments easily.
“With 250 million smartphones and less than 50 per cent net penetration, India is highly underserved and the adverse impact of this reality is being observed by masses given the recent demonetization. By end of this week, the lMobiKwik Lite app will be available in all major Indian languages and soon it will work without any net connectivity too,” Co-founder of MobiKwik , Bipin Preet Singh said.
Users can sign-up with MobiKwik Lite using their mobile number. This means that even if you don’t have the official Google Play Store (like on some forked versions of Android), you can still download the app. The app is compatible with Android v2.3 (and later) and iOS. It supports receiving payment, bank transfer, P2P transfer, bill payments and recharges.
The company is also expanding its on-ground workforce to reach out to unorganised retailer pan India and educate them about MobiKwik ‘Lite’.