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Ahead of IPO, Mobikwik scouts for investor; eyes profit next Fiscal
Sun, Jun 16, 2019
Mobikwik is aiming to be profitable next fiscal and is looking to on-board an investor who will help it go public in the next three years, a top official has said. The company, whose competitors include deep pocketed and aggressive players like the Alibaba-backed Paytm, had doubled revenue in FY19 to Rs 184.6 crore.
MobiKwik powers Bajaj Finserv Wallet: How you can get up to Rs 3,000 cashback
Fri, Jun 14, 2019
Bajaj Finance Ltd, the lending arm of Bajaj Finserv collaborated with MobiKwik to take the Bajaj Finserv Wallet to over 2 million online and offline MobiKwik merchant network stores.
Digital payments: MobiKwik registers 400% growth in fund transfer
Mon, Jun 10, 2019
In May 2019, MobiKwik has clocked Rs 362 crore in GTV In the IMPS fund transfer category.
Now, insure contents of your home for just Rs 25/month
Fri, May 17, 2019
ICICI Lombard and Mobikwik have reportedly joined hands to insure "home contents".
Rs 2-lakh insurance by paying just Rs 20? All details here
Tue, Apr 23, 2019
Life insurance sector only covers about 25 per cent of India's population and the rest 75 per cent of Indians are not covered by any form of life insurance.
Get Rs 60,000 instantly! Festive shopping made easy! How you can get this boost
Wed, Oct 03, 2018
Now, you can get Rs 60,000 instantly in your mobile wallet! You can transfer the amount to your bank account as well.
Buying petrol, diesel? Save up to Rs 100 on bills today - Here's how
Wed, Sep 19, 2018
If you are buying petrol today, here's a good news. You can save up to Rs 100 on your bill by making payment with MobiKwik.
Next desi unicorns: Oyo, Practo, BigBasket, Byju, Mobikwik race to join $1 billion club
Mon, Aug 13, 2018
If you are a student or an employee working in a different city than the one where your family stays, then this Bengaluru based-start-up will provide you with your basic needs of roti and makan .
ATM cash crunch: Mobile wallet cos see spike in digital transactions
Wed, Apr 18, 2018
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. It added that this growth has been registered from major parts of states like Andhra Pradesh, Bihar, Gujarat, Assam, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana, among others
Reliance Jio to sell JioPhone on MobiKwik platform
Sat, Feb 10, 2018
On successful payment, users will get a confirmation SMS from Jio with transaction details and another SMS with store details from where they can collect JioPhone after identity verification
Can PhonePe's new PoS be a game-changer for UPI?
Wed, Nov 01, 2017
The device is designed as an electronic calculator to make it easy for shopkeepers to use them.
Back to nought: Cash is slowing eating away mobile wallets' party
Tue, Oct 10, 2017
Mobile user base growth slowed down to 9% in Q2 from a huge 23% growth in the Q1.
Adoptions rise but mobile wallets still less than 1% of all digital transactions
Fri, Aug 25, 2017
Mobile wallets that were glorified during the demonetisation era were just 1% of overall value transactions in FY17.
BSNL unveils mobile wallet for subscribers
Fri, Aug 18, 2017
The digital wallet, developed by MobiKwik for BSNL, is in line with the telecom corporation's intent to take the reach of digital payments to semi-urban and rural India, a BSNL statement said.
MobiKwik eyes raising $100 million in funding this year
Sun, Aug 06, 2017
MobiKwik has so far raised over USD 85 million in funding from investors like South Africa's payments major Net1, Sequoia Capital, American Express, Tree Line Asia and Cisco Investments.
After Axis Bank acquires Freecharge, Bajaj Finance buys stake in MobiKwik for Rs 225 crore
Thu, Aug 03, 2017
Just a few days after Axis Bank acquired Freecharge, now NBFC Bajaj Finance has brought nearly 11% stake in another digital wallet company MobiKwik.
Here's how Freecharge acquisition will bolster Axis Bank's digital arm
Thu, Jul 27, 2017
Axis Bank announced on Thursday that it acquired Freecharge from Snapdeal in an all-cash deal for Rs 385 crore.
MobiKwik partners Samsung Pay for select devices
Sun, Jul 16, 2017
As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country, the digital payments firm said in a statement.
How Snapdeal's downfall is Paytm's gain with FreeCharge
Thu, May 11, 2017
While there had been speculation earlier that Paytm was looking to buy Freecharge, this latest development puts all rumours to rest.
Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger
Mon, Apr 24, 2017
Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most.