MobiKwik is India’s biggest and well-known digital commercial services platform, leveraging a well-bred product and trader acquisition capabilities. It arguably one of the best mobile wallet in India and amongst the top 3 players in the payment gateway industry in the nation. It has a chain of over 3 million direct retailers, 107 million-plus users and 140+ billers. It has over 1 million transactions/ day.
Marquee investors supported MobiKwik including Sequoia Capital, American Express, GMO Payment Gateway, Net1, Tree Line Asia, MediaTek, Cisco Investments and Bajaj Finance. The company has faced four times growth in transactions on a YoY basis. The concept is to empower a billion Indians with one tap access to the digital business, investments, loans and insurance by the year 2022. Users can install MobiKwik among a host of including bill recharges, payments services, utility bill payments, ticket bookings, cab bookings, payments for groceries, as well as payments to offline retail stores and online digital.