Mobikwik is a prepaid digital wallet in India that allows users to load money and use it for various online transactions, including transferring money, mobile recharges, utility bills, and online shopping. It has Reserve Bank of India (RBI) approval and has partnered with several retail and online merchants in the country.
Mobikwik is focused on addressing the unmet credit needs of the fast-growing digitally paying users by combining the convenience of everyday mobile payments with the Buy Now Pay Later (BNPL) benefits. This feature makes it an ideal platform for users who want to manage their finances better and stay on top of their payments.
Additionally, Mobikwik is available on Android and iOS platforms, enabling peer-to-peer payments via Unified Payments Interface (UPI), MobiKwik Wallet, and MobiKwik Wallet to bank payments. Its payment gateway subsidiary, Zaakpay, enables online websites and mobile apps to collect payments using multiple payment options, including debit cards, credit cards, mobile wallets, UPI, and net banking.
And so, with its focus on BNPL and its commitment to providing a seamless payment experience, Mobikwik is an ideal platform for users who want to manage their payments effectively.
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