MobiKwik has announced that the company is prepared to serve over 300 mn users with secure, seamless payments. The company already has over 35 million users and is witnessing over 40 per cent more app downloads on a daily basis. MobiKwik hopes to have over 10 million users on its platform within the next 30 days alone.
Co-founder, MobiKwik, Upasana Taku said,” We have scaled up our infrastructure within the last few days and are prepared to manage over 300 million users and over 100 million daily transactions.”
The company has registered 18 x growth in transactions since the announcement of demonetization.
MobiKwik payments are even easier than cash payments and users can register instantaneously using Truecaller. They can also find nearby merchants using the ‘nearby’ feature on the app that was launched earlier this year.
“We are together with the government in this fight against corruption & black money, and urge Indians to use digital money as much as possible.” Upasana added.
Users can load money using their credit/debit cards or netbanking. They can also convert their Payback points, earned from ICICI bank debit/credit cards, Big Bazaar, Central, HP Petrol Pumps, MakeMyTrip, eBay, BookMyShow and American Express; and reward points earned from SBI, Bank of India, Punjab National Bank, Central Bank, Canara Bank, Union Bank & Bank of Baroda to MobiKwik cash.
MobiKwik money can be transferred to any mobile number or bank account instantly.