MobiKwik has announced the addition of online and mobile shopping to its existing portfolio of services. The announcement comes further to the Reserve Bank of India’s (RBI) authorization to MobiKwik to offer its customers prepaid mobile wallets. Customers can store up to Rs.50,000 in their MobiKwik Wallet and use their wallet to purchase goods and services on third-party merchant websites and mobile applications. The MobiKwik wallet enhances the online/mobile payment experience by allowing users to add money to a prepaid Wallet once and then use the Wallet for multiple transactions in only one click.
Further to this announcement, a key focus for MobiKwik will be to acquire third-party merchants on the mobile platform and to enable the MobiKwik wallet as a payment option on them.
For merchants who want to accept online and mobile payments, the MobiKwik wallet is the first Payment option in India to guarantee nearly 100% transaction success rate and maintain user loyalty to the brand owing to a superior payment experience, emphasizes Bipin Preet Singh, CEO & Founder, MobiKwik.
With this new addition of services, MobiKwik’s goal and vision to address the challenges faced by an Indian user to seamlessly pay online or on the mobile will be strengthened. This announcement is in line with MobiKwik’s strategic vision of creating a mobile ecosystem that will enable its users to make everyday payments simply, safely and at their convenience from their mobile.
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