MobiKwik registers 10 times growth in oil, gas sector

Domestic mobile wallet major MobiKwik on Tuesday announced that it registered 10 times growth within the past week in transactions from the oil and gas sector.

Mobikwik powers digital payments for all major petrol vends of Hindustan Petroleum, Bharat Petroleum and Indian Oil in 20 cities.

"Within the past week, we have achieved 10 times growth in transactions and are certain that the oil and gas sector will contribute tremendously to our growth in 2017," said Upasana Taku, co-founder, MobiKwik, in a statement.

TRENDING NOW

What is an F&O ban? How does it impact stock prices?

Dalmia Bharat, Balrampur Chini Mills: Sugar stocks decline in trade; here is what you need to know

Oil stocks on fire even as Citi sees much fuel left in them

India logs 121 new covid cases in a day

Dunzo fails to pay Nov salaries to its present employees: Report

BSE places Suzlon Energy under surveillance; stock soars 301% in one year

ISRO lines up one LVM3, six PSLV, three GSLV for launch in 2024

Auto Stocks in Focus: Maruti Suzuki scales an all-time high; Tata Motors hits a 52-week high as auto stocks rally

Entrepreneur's planner: Expert shares 5 effective strategies for business owners to adeptly prepare for emergencies

Patanjali Foods, Thomas Cook, and MMTC shares rise after price band revision

Renewable energy capacity to reach 170 GW by March 2025 on moderation in module prices: ICRA Analyst

Ircon International's OFS for non-retail investors kicks off; stock plummets over 8%

Telangana Election Result: Revanth Reddy swears in as Telangana's Chief Minister

Power Grid Corporation shares hit 52-week high for second session

PM Narendra Modi to address fintech event Infinity Forum 2.0

"Petrol and diesel are daily necessities and we have been working aggressively to drive adoption of digital payments in the sector," Taku added. 

MobiKwik recently announced zero surcharge on all transactions from oil and gas sector.