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MobiKwik registers 1000 pc growth post demonetisation

MobiKwik registers 1000 pc growth post demonetisation

New Delhi, Dec 29 (UNI) Mobile wallet major MobiKwik today said it has achieved the milestone of one million merchants on its payment network, registering 1,000 per cent growth since the demonetisation of high value currency notes.
In the last 50 days since November 8, MobiKwik has taken several initiatives to promote the adoption of its mobile wallet among merchants, both organised and unorganised. The company has recently partnered with Amul, NASVI and many more to facilitate acceptability and adoption of digital mode of payments, the company said in a statement.
MobiKwik Co-Founder, Upasana Taku said, “We are committed to solve everyday problems of users and have introduced several new features to address concerns in adoption and enhance security and user interface. We have launched MobiKwik lite, which is India’s lightest wallet that works with minimum data connectivity and on any smartphone.”
She also said, “To promote adoption, we also embarked on a mission, the ‘Cashless Bharat Abhiyaan’, under which our team is organising training camps for merchants and users in every city of India.”
Besides, English, Hindi and Gujarati, the company is also introducing 10 different language versions of the MobiKwik LITE app by early next year to enable more consumers adopt digital mode of payments.
“We are very proud that cashless consumer transactions also are on a dramatic upswing due to spreading digital literacy,” Ms Upasana added.
The mobile wallet has registered 18-fold growth in consumer transactions. UNI ASH SV 1414

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