Thu, Oct 27, 2016 | updated 04:33 AM IST

Mobikwik launches Unified Payments Interface (UPI) on its platform

Updated: Oct 12, 2016 18:52 IST

New Delhi [India], Oct 12 (ANI): India's largest independent mobile payments network and mobile wallet MobiKwik has announced that it has launched UPI on its platform.

MobiKwik users can now load their wallet with e-cash using UPI. The company already has options of net-banking, credit and debit card and the exclusive cash pick up and cash deposit service for wallet loading.

"MobiKwik users now have an additional option for real time wallet loading with UPI. Users can use their MobiKwik e-cash at over 100000 online and offline merchants across India," said Chief Operating Officer at MobiKwik, Mrinal Sinha.

Unified Payments Interface (UPI) is an additional layer of payment architecture built upon the IMPS (Immediate Payment Service) mobile payments system which allows customers to transfer money across different banks with the use of a single identification and password.

MobiKwik is also the only wallet in India that has a cash pick up facility, with which users can get their MobiKwik wallet loaded with e-cash from their location within 25 minutes in major Indian cities.

They just need to request for cash pick up on the app, and a company representative will reach their location to help them with instantaneous cash loading. The company also has cash deposit facility available at over 100000 locations in 10000 cities.

With MobiKwik, users can shop seamlessly across 100000 merchants including Myntra, Shopclues, Big Bazaar, Big Basket and Grofers, or book their next vacation using bus booking on MobiKwik, on MakemyTrip or OYO rooms. (ANI)