Page 5 - Mobikwik

MobiKwik to invest Rs 400 cr for KYC compliance over 5 years

MobiKwik impacts 260 million lives across the country through strategic tie-ups and partnership with blue-chip players

MobiKwik to invest Rs 80 cr in marketing, promotion to boost transactions

We are currently seeing three million daily transactions on our platform: MobiKwik

MobiKwik plans to raise $100 mn funding from investors to fuel expansion

The funding is expected to come in during the latter half of the year

After Bajaj Fin buys 11% stake for $33 mn, MobiKwik aims to raise $120 mn

After raising over $33 million from Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, online mobile wallet major MobiKwik is planning to bring in $120 million more in investments, the company's co-founder Upasana Taku said. On Wednesday, MobiKwik entered into a strategic tie-up with one of the largest Bajaj Finance, after the firm invested $33 million (Rs 225 crore) for a 10.83 percent stake in the company, taking the valuation of the mobile wallet to $330 million. In the next few weeks MobiKwik would launch a debit and credit wallet. According to MobiKwik the association with Bajaj Finance would help it add a host of financial services, as the finance firm would extend credit facilities through Mobikwik's mobile app catering to the wide customer base of both the companies. "MobiKwik app will have a virtual debit and credit card powered by Bajaj Finance. More than investment we are getting a great partner from whom we would be able to launch sector and ...

MobiKwik, Samsung Pay to enable one-tap payment solution for e-wallet users

Partnership to benefit more than 1.4 million MobiKwik-powered merchants across the country

MobiKwik eyes smart cities

The company is eyeing gross transactions of around Rs 20,000 crore in the next five years

MobiKwik to invest Rs 300 cr to expand user base

---Drop pointer box sent with this----Mobile wallet MobiKwik says it plans to invest Rs 300 crore in office expansion, technology and marketing. The company is in talks with multiple investors for its next round of funding. The present expansion would help it put its best foot forward.The money would be spent on expansion aimed at growing its user base from the current 50 million to 150 mn; they hope to achieve this within a year. The increase in user base would push its annual gross merchandise value (GMV) to $10 billion by the end of the year, from the current $2 bn (Rs 13,300 crore), says the company."There are three areas where we would be investing. We have grown organically and now would invest more to market ourselves and acquire more customers. It is the right time to invest," said Daman Soni, vice-president for growth.The plan is to hire around 1,000 employees, from senior management to junior staff. It is also opening as many as 13 offices across the country, the second ...

MobiKwik to invest $45 million to expand user base

Aims to rack up transactions worth $10 billion on its platform

MobiKwik in talks to raise funds, eyes $1 billion valuation: CEO

He adds that the company will likely see a new cash infusion in the next month

Mobikwik launches app in 5 regional languages to increase accessibility

Users can download this app with just one missed call and sign up with mobile number only

MobiKwik offers zero surcharge at petrol pumps to boost digital payments

MobiKwik is currently accepted across petrol pumps and gas stations in 20 cities

MobiKwik to invest Rs 50 crore, hire 1,000 people by March

Company is setting up offices in 13 cities by the end of the first quarter of 2017

MobiKwik to set up 13 offices pan-India

Expansion will enable 150mn users in India, transact with MobiKwik platform by early 2018

Digitial economy: MobiKwik ties with AIIMS for cashless payment facilities

The service will start with resident doctors, staff and visitors who can pay with the mobile wallet

RBI gives in-principle nod to Mobikwik to set up payment system

Mobikwik will now be integrated in Bharat Bill Payment System

After IIT Delhi and JNU, MobiKwik in talks with IIM-A for going cashless

Transactions on its platform have surged 400% since note ban; user base up from 35 mn to 45 mn

MobiKwik to help 30 lakh street vendors in making digital payments

The online payment system will train 10 lakh street vendors in three months time

Paytm dumping capital to gain customers: Bipin Preet Singh, Mobikwik CEO

His barbs were aimed at sector leader Paytm in which global e-commerce major Alibaba has a stake about 40%

Mobikwik enables cashless payments at 112 toll plazas

In times of note ban paralysing payments for the country, MobiKwik has taken many initiatives to ease the common man's life

MobiKwik 'Lite' to enable free bank transfers till March 31

The app will focus to encourage use of mobile wallets in poor connectivity regions