Moneycontrol
Oct 13, 2017 05:29 PM IST | Source: Moneycontrol.com

MobiKwik hires former Jabong VP to lead its payment gateway business

The company is eyeing a significant share of USD 500 billion digital payments market in India by 2020.

Delhi-based startup Mobikwik, a digital financial services platform has announced the appointment of former Jabong senior VP Rukaiya Rangwala as the business head of MobiKwik's payment gateway, which was earlier known as Zaakpay.

The company has also recently relaunched its payment gateway and aims to have over USD 5 billion worth of transactions on the platform by end of FY 2018.

The company is eyeing a significant share of USD 500 billion digital payments market by 2020.

Rangwala has over 15 years of experience in the technology and e-commerce industry and has worked across the US, Singapore, Japan, and India.

She spent 8 years at Dell prior to coming to India with Rocket internet, helping the VC establish its portfolio in the country.

She was responsible for the Marketplace division at Jabong (managing a USD 100 million annual top line).

Before joining MobiKwik she spent 2 years working on entrepreneurial ventures.

Speaking on her appointment, Upasana Taku, Co-founder of MobiKwik said, “Rukaiya brings a wealth of experience to MobiKwik and we are pleased to welcome her as the leader of our Payment Gateway business.

Her extensive experience in business development, expertise in managing operations and strong financial understanding will be instrumental as we aim to grow over 200% by next year.”

MobiKwik currently powers payments for more than 30000+ e-commerce websites and apps and aims to double the figure by FY 2018.

Current clients of MobiKwik Payment Gateway include UBER, Zomato, Domino’s, IRCTC, Grofers, Instamojo, Easemytrip and many other leading brands.
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