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MobiKwik reaches 1 mn merchant mark

Domestic mobile wallet platform MobiKwik on Thursday announced the milestone of reaching one million merchants on its payment network, registering 1,000 per cent growth since November this year. "To promote adoption, we also embarked on a mission, the 'Cashless Bharat...

Now pay at Amul outlets with MobiKwik

Domestic mobile wallet platform MobiKwik on Wednesday tied up with Indian dairy co-operative Amul to help customers make cashless payments at its outlets. The facility can be used at 7,000 Amul outlets and three lakh Amul multi-brand outlets and retailers...

New authentication rule no threat to payment companies, will only accelerate digital payment adoption

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

MobiKwik Lite hits 20 lakh downloads mark within 48 hours

MobiKwik Lite, a light mobile wallet that is easy to understand and works even on basic Internet connection, has registered over 20 lakh downloads within the first two days of launch. "We launched MobiKwik Lite with an objective to help...

Plastic money ideal for ease of accounting, efficiency: The Beer Café's Rahul Singh

The Government's decision to withdraw Rs 1,000 and Rs 500 notes as legal tender has impacted the consumer life in a big way. As a result, instead of spending on luxuries, consumers today are spending cautiously on necessities. Reduced consumer...

MobiKwik launches MobiKwik 'Lite' for slower Internet connections

MobiKwik has recently announced the launch of MobiKwik Lite, a light mobile wallet that is easy to understand and and works even on basic Internet connection. Being an under 1 mb app that works smoothly on EDGE connections, the app...

Mobile wallet players laud RBI move to raise spend limits

Digital wallet companies on Wednesday welcomed the RBI's decision to increase the limits on mobile wallets spend to Rs 20,000 for users and to Rs 50,000 for merchant bank transfers in view of the cash crunch following demonetization of...

MobiKwik sees 150 per cent jump in merchant base post demonetisation

Mobile wallet company MobiKwik today announced that it has seen a 150 per cent jump in its merchants base since the Government’s announcement of demonetizing Rs 500 and 1000 currency notes. From a 100,000 merchant base in the pre-currency...

MobiKwik registers 7000 per cent increase in bank transfers

Mobile wallet company MobiKwik has today announced that the firm has registered a 7000 per cent increase in bank transfers since it allowed users to transfer money instantly to any bank account at 0 per cent fee. “The idea behind...

Currency Ban: MobiKwik's Nearby feature witnesses 2,500 pc increase in traffic

Mobile wallet firm MobiKwik said that its Nearby feature has seen an over 2,500 percent increase in traffic since demonetisation kicked in. In a statement, the company said that the nearby feature has helped millions of MobiKwik users in identifying...
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