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As the festive and wedding season approaches, mobile wallet start-up MobiKwik has launched a loan disbursal feature on its platform. Through this feature, users can get loans of up to Rs 60,000 in their e-wallet.
The mobile wallet loan, called "Boost", would be sanctioned within 90 seconds, claims the Delhi-based company. This loan can be utilised for purchases, marriage expenses, travel plans, hotel bookings, medical emergency, as well as payments to offline and online merchants. The company has tied up with four non-banking financial companies for the lending product.
“We are using payments as a foundation to build India’s largest
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