LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » Companies News

MobiKwik targets Rs 600 crore GMV from oil and gas sector in 2017

The mobile wallet company also announced that it will have zero surcharge on all transactions at petrol pumps and on LPG gas payments.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
MobiKwik targets Rs 600 crore GMV from oil and gas sector in 2017
People standing in queue at the petrol pump. Photo: IANS
Written By: ZeeBiz WebTeam
Updated: Tue, Jan 10, 2017
02:10 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
MobiKwik plans to achieve target of Rs 1,000 crore GMV in 2017 MobiKwik plans to achieve target of Rs 1,000 crore GMV in 2017
A million merchants on our payment network: MobiKwik A million merchants on our payment network: MobiKwik
After MobiKwik, Paytm now launches cashless services for feature phone users After MobiKwik, Paytm now launches cashless services for feature phone users
MobiKwik launches Lite mobile wallet app for feature phone users MobiKwik launches Lite mobile wallet app for feature phone users
Demonetisation: MobiKwik launches virtual card system for payments to retailers Demonetisation: MobiKwik launches virtual card system for payments to retailers

Mobile wallet company MobiKwik on Tuesday announced zero surcharge on all transactions at petrol pumps and on LPG gas payments. The company also announced that it is targeting Rs 600 crore in gross merchandising value (GMV) in 2017 from the oil and gas sector alone. In total is its targeting to achieve the GMV of Rs 68,000 crore in 2017.

Upasana Taku, cofounder of MobiKwik shared that the company is targeting Rs 600 crores GMV in 2017 from oil & gas sector. MobiKwik is targeting to achieve the GMV of Rs 68,000 crores in 2017.

MobiKwik is currently accepted across petrol pumps and gas stations in top 20 cities in India. These include all major Indian Oil, Hindustan Petroleum and Bharat Petroleum pumps in Delhi NCR, Mumbai, Hyderabad, Ahmedabad, Vijaywada, Pune, Indore, Bhubaneshwar among other leading cities. The company also powers digital payments for LPG companies like Indane, Bharat Gas and HP.

“The adoption of digital payments is observing record growth post demonetisation and even though the cash situation is stabilising, masses in India have developed the habit of paying cashless. It is our constant endeavour to identify and promote daily life use cases that drive adoption of our wallet. The announcement of zero surcharge on all petrol pumps and LPG transactions will benefit consumers and will motivate them to continue using digital payments,” Taku said.

The company said that it currently has a network of 1 million merchants and 45 million users. Post demonetisation, MobiKwik has also launched a lighter version of its app named, MobiKwik lite in Hindi, English and Gujarati that has helped the company in extending its offerings to tier 2 and tier 3 cities across India.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Mobikwikmobile walletoil and gasGMVPetrol pumpsLPGIndian OilHindustan PetroleumBharat PetroleumDigital PaymentIT
RELATED NEWS
MobiKwik plans to achieve target of Rs 1,000 crore GMV in 2017 MobiKwik plans to achieve target of Rs 1,000 crore GMV in 2017
A million merchants on our payment network: MobiKwik A million merchants on our payment network: MobiKwik
After MobiKwik, Paytm now launches cashless services for feature phone users After MobiKwik, Paytm now launches cashless services for feature phone users
MobiKwik launches Lite mobile wallet app for feature phone users MobiKwik launches Lite mobile wallet app for feature phone users
Demonetisation: MobiKwik launches virtual card system for payments to retailers Demonetisation: MobiKwik launches virtual card system for payments to retailers

LATEST NEWS

Gold Price Today 21 January 2021 – Gold gains by Rs 200 in morning trade, Silver price stronger by Rs 740; Expert recommends BUY!

Amrita Puri on reuniting with Amit Sadh in 'Jeet Ki Zid'

Lady Gaga, Tom Hanks bring star power to emotional, multicultural Biden inauguration

Budget 2021 Stocks With Anil Singhvi – Repco Home Finance is a TOP stock from budget viewpoint; Market Guru calls it investment grade

RUSH! Book your LPG gas cylinder almost free from HP, Indane and Bharat Gas - check out this Paytm offer for you

Aurobindo Pharma, Biocon, Dr Reddy’s Lab and Divi’s Laboratories: Resilient demand points to another good year for Pharma Sector says HSBC

Budget 2021 Expectations LIVE: Check latest news, updates, demands here

Sushant Singh Rajput birth anniversary: Tributes by ex-girlfriend Ankita Lokhande, Kangana Ranaut message for 'movie mafias'

Realme X7-series India launch: Realme X7, X7 Pro set to launch in early Feb with latest MediaTek chips

Mirzapur on Amazon Prime Video: Supreme Court issues notice; shows it as city of goons and adulteresses, says PIL

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved