Fri, Dec 9, 2016 | updated 01:16 PM IST

MobiKwik to serve 300 million users with secure, seamless payments

Updated: Nov 16, 2016 17:43 IST

New Delhi [India], Nov 16 (ANI): India's own mobile wallet MobiKwik has announced that the company is prepared to serve over 300 million users with secure, seamless payments.

The company already has over 35 million users and is witnessing over 40 percent more app downloads on a daily basis. MobiKwik hopes to have over 10 million users on its platform within the next 30 days alone.

"We have scaled up our infrastructure within the last few days and are prepared to manage over 300 million users and over 100 million daily transactions," said Co-founder MobiKwik, Upasana Taku.

The company has registered eighteen times growth in transactions since the announcement of demonetization.

MobiKwik payments are even easier than cash payments and users can register instantaneously using Truecaller. They can also find nearby merchants using the 'nearby' feature on the app that was launched earlier this year.

"We are together with the government in this fight against corruption & black money, and urge Indians to use digital money as much as possible," added Upasana.

Users can load money using their credit/debit cards or net-banking. They can also convert their Payback points, earned from ICICI bank debit/credit cards, Big Bazaar, Central, HP Petrol Pumps, MakeMyTrip, eBay, BookMyShow and American Express. (ANI)