Over 94 million unique cards are saved on MobiKwik PG platform, including 20 million credit cards.
The 2009-incorporated company is planning to report its first quarterly profit in March, and will be profitable from a full year perspective from FY21.
Last week, rival Paytm said it witnessed 5.5 billion transactions on its platform across all segments in FY19. It, however, did not specify the number of IMPS fund transfers specifically
The Reserve Bank of India proposes to put in place a framework on turnaround time for the resolution of customer complaints and compensation framework across all authorised payment systems by the end of June 2019.
The cyber-insurance can be availed digitally through an app at only Rs 99 per month and with a sum insured of Rs 50,000, said a release.
The company, which competes with mobile wallet players like Paytm, had posted a total consolidated loss of Rs 132.8 crore in 2016-17.
MobiKwik users will be able to choose and purchase from a range of life insurance and general insurance products.
The firm said it will invest USD 15 million over the next one year to scale up its wealth management business.
The appointments are in line with the ongoing restructuring of the senior leadership team
This funding is going to be crucial for ensuring that Mobikwik sustains the cut-throat competition coming from the heavily-funded rivals in the market.
PhonePe has managed to establish itself as a 360 degree payments service provider, instead of restricting itself to being a payments facilitator for Flipkart.
In an interaction with Moneycontrol, Taku, co-founder of Mobikwik, fields all questions about the company's future plans
One97 Communications, which owns the Paytm brand, said it has seen a 30 per cent surge in transactions from several cities across India compared to the last month.
The Supreme Court decision has made customers hesitant to share Aadhar details with mobile wallet companies.
With this, the company becomes the first wallet to sell Jio phone on its platform, MobiKwik said in a statement.
In August last year, Bajaj Finance had entered into a subscription agreement with One MobiKwik Systems to acquire 10.83 per cent stake for about Rs 225 crore.
Unless women – who comprise nearly half of the population – are integrated into radical transformations underway, the country will compromise on innovation and productivity.
MobiKwik expects these value-added services will help break-even in the next 18 to 24 months.
In a short span of ten years, India’s e-commerce growth has seen interesting days, where in addition to entrepreneurs, consumers have also evolved...
The digital payments sector in India is estimated to grow to USD 500 billion by 2020, up from roughly USD 50 billion last year.
In an exclusive interaction, Paytm COO reveals for the first time ever how the company managed to get ads published in front pages of newspapers just the night after demonetisation and how the company has grown since then...
The company is targeting to grow to 100 million users on its chat application Inbox, by March 2018. Overall, Paytm has about 270 million users on its payments platform.
Cashless payments will continue to grow, we are on a secular path towards becoming a more digital transaction driven kind of an economy, says Singh
The company will be investing Rs 100 crore for KYC (Know Your Customer) compliance for 2 crore users within the next 12 months, the company said in a statement.
Mobikwik seeks to tap its network of over 65 million users through its travel pass