MobiKwik reports 16% jump in losses despite digital payments boom
MobiKwik reported 10% rise in its revenues for 2016-17 atRs 44 crore against Rs 40 crore in the previous year when it posted a loss of Rs 114 crore.
Payment companies Paytm, MobiKwik look to commuters to drive growth
Paytm has partnered with a lot of major city bus services and so has Mobi...
MobiKwik creates wallet for BSNL
The BSNL wallet will be a semi-closed wallet to facilitate ease of payment and also to sell BSNL products ex...
MobiKwik in talks with investors to raise over $60 million
The company, through partnership with a few banks and NBFCs, is all set to launch a host of financial services such as personal loans, insurance and zero interest loans to its users.
MobiKwik ties up with Tamil Nadu Electricity Board for online bill payments
This is MobiKwik’s latest tie-up following its partnerships with BSNL, Bajaj Finserv Ltd and IndusInd Bank- all inked in 2017.
MobiKwik hires top executives for offline expansion and strengthening tech platform
These hirings come close on the heels of former ecommerce platform Jabong vice president Rukaiya Rangwala being onboarded as the business head for its payments gateway business.
MobiKwik glitch: Cops track those who transferred funds
Police said funds had been transferred to accounts of around 6,000 people, of which 100 were responsible for siphoning off Rs 16-17 crore rupees, taking advantage of the glitch.
MobiKwik to spend Rs 80 crore on marketing, promotion in 6 months
MobiKwik, which competes with the likes of Alibaba-backed Paytm and Flipkart's PhonePe, also expects to see 2.5X growth in daily transactions on its platform.
Interoperability to soon give wings to mobile wallets like Paytm, MobiKwik
The RBI had announced that digital wallets that are compliant with its Know-Your-Customer norms will be interoperable by April.
MobiKwik, IRCTC Rail connect partner for ticket bookings
MobiKwik s has partnered with the IRCTC in the backdrop of a significant rise in cashless mode of transactions, especially after demonetisation, it added.
AIIMS to become cashless with MobiKwik
"AIIMS is the foremost medical institution in India and we are glad to have partnered with them," said Upasana Taku co founder Mobikwik.
MobiKwik to launch cards by January
Taku said the company is in talks to partner with a bank and a card company to bring out the MobiKwik cards, but did not reveal the names.
MobiKwik ready for loans
Startup will become first among top mobile wallet cos to offer personal loans.
Shailendra taught me to focus on sustainability: Bipin Preet Singh, MobiKwik
"Sequoia was the first investor in MobiKwik and Shailendra was the first person from the VC ecosystem who believed in our idea and pushed us to become what we are today."
MobiKwik raises Rs 225 crore from Bajaj Finance
MobiKwik is also in discussion with a different set of investors to raise about Rs 75 crore shortly, said a person familiar with the development.
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