Mobikwik
Recent Highlights
All Stories for Mobikwik
Relief to e-wallets: Reserve Bank of India extends KYC compliance norms by six months
•E-wallet companies were caught in a bind over looming deadline that was to end on 28 February
MobiKwik losses mount to Rs 203 cr in FY18; consolidated revenue increases 93.1% to Rs 85.65 crore
•The company, which competes with mobile wallet players like Paytm, had posted a total consolidated loss of Rs 132.8 crore in 2016-17
RBI lays down guidelines to allow seamless payments among various mobile wallets
•Digital wallets can now use a state-backed payments network that makes peer-to-peer payments instant.
MobiKwik announces acquisition of mutual fund investment platform Clearfunds
Ians •MobiKwik said it would be investing $15 million (approximately Rs 112 crore) over the next year.
IndiGo festive sale offer: 10 lakh seats up for grabs at fares starting Rs 999 for one-way journey
•In July, IndiGo had put on sale 1.2 million seats at heavily discounted starting fares of Rs 1,212 under a similar offer.
Mobile wallet companies witness spike in digital transactions amidst cash shortage in ATMs and banks
•A PhonePe spokesperson said the current cash shortage has led to a further spike in digital transactions on its platform.
Cash crunch: Mobile wallet companies see spike in digital transactions
•Mobile wallet companies including Paytm, Mobikwik and Flipkart-owned PhonePe on Wednesday said they have seen a significant jump in digital transactions amid a recent currency shortage at ATMs and banks in some parts of the country
WhatsApp digital payments: Paytm's Vijay Shekhar Sharma cries foul, alleges Facebook arm-twisted UPI
•WhatsApp, which has over 230 million users in India, has started testing payments through its platform in the country. India is the largest market for the messaging app.
WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals
Narayanan Madhavan •What Facebook-controlled WhatsApp can do, however, is to possibly look deeper into your behaviour than other mobile wallet players like MobiKwik, PayTm etc
Reliance Jio partners with MobiKwik to sell JioPhones on its platform
Ians •MobiKwik users can now book Reliance Jio Phone within seconds. The process is as simple as recharging their phone numbers, the company added.