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What is MobiKwik & how does it work?
How MobiKwik wallet works?
Is MobiKwik blocked?
How do I use MobiKwik?
May 13, 2016 · What is MobiKwik? MobiKwik is India’s largest independent mobile payments network that connects over 30 million users with 75,000 retailers. It allows you to shop at your favorite stores, pay bills, recharge, send money and accept payments with 1-tap
- Press Kit
About MobiKwik. MobiKwik is a digital financial services...
- 5 New Ways To Use MobiKwik
In fact, MobiKwik wallet is now being used to do a lot more...
- Press Kit
MobiKwik launched a digital wallet system in 2012 that enabled users to deposit money online to use for bill payments and other features. [14] MobiKwik provides financial services including loan, accident insurance, life insurance, fire insurance, IMPS money transfer, credit card bill payment, mutual funds, and DTH recharge.
Mobikwik is a digital wallet that can be used for several online payments including transferring money, accepting payments, mobile recharges, payment of utility bills, such as electricity bill, internet, DTH, and online shopping, to name a few.
- Yes. Mobikwik is a safe and secure virtual wallet where a user can add money.
- No. The service can be used free of cost.
- Money gets added on a real-time basis instantly.
- In such a case, the money will be automatically refunded.
- Yes. This can be done by entering the mobile number of the person you are charging for.
- Yes. This can be done. Mobile recharges can also be carried out through text message.
- This process will ideally take around 2 to 3 working days.
- This usually happens if:.You have entered an incorrect mobile number You are trying to recharge for an amount that your mobile service provider doe...
- When a customer adds money to his/her wallet, it is simply called 'credit to wallet'.
- Primary number is nothing but the mobile number that is registered with your Mobikwik wallet.
MobiKwik is a mobile wallet and financial services platform that allows users to send & receive money, pay businesses and utility bills, shop online or at stores, and get access to financial products like instant digital loans, make instant settlements towards credit card bills invest in digital gold, mutual funds & fixed deposits, and get ...
- Mobikwik - About and How It Works?
- Mobikwik - Founders and Team
- Mobikwik - Mission and Vision
- Mobikwik - Name, Tagline and Logo
- Mobikwik - Startup Story
- Mobikwik - Business Model and Revenue Model
- Mobikwik - Funding and Investors
- Mobikwik - Growth and Revenue
- Mobikwik - Challenges and Controversies
- Mobikwik - Partnership and tie-ups
To make personal wallets redundant, MobiKwik is one of the largest mobile wallets in India. It allows Indian consumers to store money in a virtual wallet and then to use it across channels (mobile, desktop, tab, SMS, IVR) to pay utility bills and shop all they want. For example, as a user, you could use it to recharge your mobile via its Android/iO...
Bipin Preet Singh and Upasana Taku are the founders of MobiKwik. The net worth of MobiKwik's founders was INR2,260 crore as of Dec 29, 2021.
The mission of MobiKwik is "to build a world-class payments and credit product for Bharat!" The company was started in 2009 with a vision of "transforming the digital payments landscape in India."
MobiKwik is a mobile-based digital payments platform that offers users effective digital wallets as a promising alternative to the physical wallets that they carry. MobiKwik's new tagline says 'Discover MobiKwik Wallet - The easiest way to pay!
Singh started MobiKwik in 2009 when he was tired of his easy-going corporate job and was looking to do something new in life. He wanted to create a simple payment platform for prepaid mobile users to recharge their currency. Since recharge is a small ticket-size transaction, he created a digital wallet where users could keep the money and recharge ...
Much like the business modelsof any other mobile wallet-based digital payments company, MobiKwik is modelled upon the P2P transactions that take place with the help of its app. The revenue of Mobikwik comes from the commissions on each transaction that takes place, via partnering with companies and through the advertisements that they consider fit ...
MobiKwik has raised a total of ~ $269 millionover 21 rounds in funding. The most recent funding was raised on March 28, 2024, through a Debt Financing round. The company raised debt funding worth $35 million on August 4, 2022, from Blacksoil Capital to gear up for IPO. This debt fund came in after 12+ months since MobiKwik filed its draft red herri...
MobiKwik's operating revenue grew by 62% from INR 539 crore in FY23 to INR 875 crore in FY24. Although total expenses increased by 36.4%, rising from INR 642 crore to INR 876 crore, the company managed to reverse its financial performance, shifting from a loss of INR 84 crore in FY23 to a profit of INR 14 crore in FY24. MobiKwik was eyeing the laun...
Being the biggest data leak in Indian history, independent cybersecurity researchers have found that the personal data of over 10 crore customers of MobiKwik is available for sale on the dark web. However, MobiKwik is denying the alleged data leak and is intended to get a third party to conduct a forensic data security audit to provide clarity on t...
The company partnered withUber Indiain July 2015, which enabled Uber and its drivers to utilize MobiKwik to process debit and credit card payments. On November 8, 2017, IDFC Bankentered into a strategic partnership with digital payments solution company to launch a co-branded virtual Visa prepaid card for the customers. In June 2019, MobiKwik annou...
Oct 8, 2014 · In fact, MobiKwik wallet is now being used to do a lot more than simple recharge and paying bills. Here are the 5 new ways how MobiKwikers are using their favourite mobile wallet: 1. Transfer Money: Have a friend who needs instant help in getting his movie tickets for a date? No worries, Transfer Money is here to the rescue.
Sep 18, 2015 · MobiKwik is a digital wallet that focuses on recharges and bill payments. In practice, this makes it pretty similar to the Paytm app, which most people might already be familiar with.
