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

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

MobiKwik also announced that it is investing over Rs 50 crore in setting up new offices and will be hiring over 1,000 employees.

MobiKwik plans to achieve target of Rs 1,000 crore GMV in 2017

the mobile payment transaction volume in India is likely to grow at a CAGR of over 130%.

M-wallet retail spends may see 4-fold jump in near term: Study

The users said they are not able to see the existing balance in their Paytm wallet and their attempts to transfer the balance back to bank accounts were failing. Paytm customers have been facing such issues for the last few days.

Paytm still facing glitches; users complain of payment issues

The move comes a majority of Indian users still use feature phones, especially in rural India.

After MobiKwik, Paytm now launches cashless services for feature phone users

According to V. Balasubramanian, President, Financial Software and Systems (FSS), the demand for ATMs is unlikely to be affected in the next couple of years, but "it is not possible to make a growth estimate after two years given the changed situation".

Digital banking may eat into ATM business

The company said that the MobiKwik Lite can be downloaded within 30 seconds by just giving a missed call to 80971-80971.

MobiKwik launches Lite mobile wallet app for feature phone users

Assocham pegs mobile-wallet business at Rs 30,000 crore in six years

The move comes after the company is looking to boost its offline network with the government's decision to demonetise old Rs 500 and Rs 1,000 notes just two days back.

Paytm acquires Shopsity to strengthen offline retailer network

The feature will work anywhere where there is bad connectivity, like in parking areas, basement, village/rural areas.

Paytm wallet to be accessible without internet soon

&nbsp;There are many things of mobile wallets that still remain relatively unknown to&nbsp;many.&nbsp;

5 things that will help you decide if you should put your money in a mobile wallet

With most banks offering only 4% interest on savings accounts does it make sense for people to put their money into mobile wallets such as MobiKwik?

Should you give up your bank account for a mobile wallet?

MobiKwik announced on Wednesday announced that it will be 6% interest or annual profit to its mobile wallet users.

Why can’t all mobile wallets offer 6% interest to its users like MobiKwik? 

"If the UPI adoption continues mobile wallets like SBI's Buddy, ICICI Bank's Pockets, HDFC Bank's&nbsp; Chillr &nbsp;and Paytm will be redundant,"&nbsp;&nbsp;said the report.

RBI's push for unified payments system to make mobile wallets redundant: Report

mobile-wallet

Watch in Zee Business' Aapki Kabhi Aapka Fayeda: Betrayal on the name of Mobile Wallet.

Aapki Kabhi Aapka Fayeda: Betrayal on the name of Mobile Wallet

Big Paytm Offer: Mobile Wallet Paytm has come with an interesting contest offer. If you can answer correctly, you could be the lucky winner of a flight voucher worth Rs 1,000.

Paytm offers Rs 1,000 discount on flight tickets: Here is what you need to do

Mobile payment wallets have made life easy for people. But at the same time, new types of dangers have emerged. Two users of Ola Money mobile payment wallet experienced one such danger recently in Mumbai. 

Using mobile payment wallet? These incidents are timely reminders of how to keep money safe

The report quoted a senior executive with a New Delhi-based payments company as saying “More than 95 per cent of the mobile wallets in the country could stop being operational by March.” 

Mobile wallets users alert! You may face problems soon - Here is why it is expected to happen

Now, you can get Rs 60,000 instantly in your mobile wallet! You can transfer the amount to your bank account as well.

Get Rs 60,000 instantly! Festive shopping made easy! How you can get this boost

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Mobile Wallet

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

MobiKwik plans to achieve target of Rs 1,000 crore GMV in 2017

M-wallet retail spends may see 4-fold jump in near term: Study

Paytm still facing glitches; users complain of payment issues

After MobiKwik, Paytm now launches cashless services for feature phone users

Digital banking may eat into ATM business

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West Asia Crisis: Domestic LPG supply govt's top priority, daily panic-bookings surge to nearly 89 lakh

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Top News

"Spent months bullying India, now begging the world": Iran FM mocks US on Russian oil

Don't panic! Centre committed to maintaining LPG supplies for households & essential sectors

West Asia Crisis: Domestic LPG supply govt's top priority, daily panic-bookings surge to nearly 89 lakh

Akasa Air introduces fuel surcharge from March 15: What it is & how it affects your ticket prices

2,554 Inspections in 2 Days: Yogi-led UP govt takes strict action against black-marketers

West Asia Disruptions: Crude oil prices soar over 40% in 15 days; India assures no fuel crisis