Though still far behind, MobiKwik says will close gap with Paytm in users

Sequoia Capital and American Express-backed MobiKwik raised $33 mn from Bajaj Finance in August

Digital wallet owner MobiKwik claims it is confident of closing the gap with segment leader Paytm in user base fairly soon.

However, with Paytm's 280 million users, MobiKwik has to more than double its own, from the current 100 mn.

"In the past three months, we have struck a few strategic partnerships — with BSNL, IndusInd Bank, IDFC Bank and Bajaj Finance — and are using their customer base to grow. The gap (with Paytm) is definitely narrowing. I believe we are neck to neck in merchant acceptance across cities," said Upasana Taku, co-founder and director at MobiKwik.

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