New Delhi, July 08, 2024. MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May. Quoting Reserve Bank of India (RBI) data, MobiKwik said it has gained its market share in financial transactions through the Prepaid Payment Instrument (PPI) Wallet…
Jaipur, April 05,2024. The fintech sector has rapidly evolved by leveraging technology to offer cutting-edge solutions thatenable users to manage their finances more effectively and securely. However, recent data from the Reserve Bank of India (RBI) reveals that during the first half of FY24, over 14,000 banking-related scams took place. As these scams become more…
Gurugram, February 2024. ONE MOBIKWIK SYSTEMS LIMITED (MobiKwik), a fintech company, introduced a new feature on its platform, ‘Pocket UPI’, that enables users to have an enhanced control over budgeting and finance management. Pocket UPI allows users to make UPI payments through MobiKwik Wallet without linking their bank account and therefore, giving more power in…
Gurugram, November 09 2023. Get ready for an electrifying Diwali with MobiKwik’s treasure trove of irresistible discounts and cashbacks thatextend throughout the month of November on categories such as electronics, apparel, jewellery, groceries, wellness and festive delicacies.Get set to enjoy incredible savings on your favorite brands! For the tech geeks looking for upgrades, MobiKwik has…
Gurugram, October 26, 2023. Zaakpay, a reliable and secure payment gateway arm of MobiKwik, has received in-principle authorisation from the Reserve Bank of India (RBI)to operate as a payment aggregator. RBI’s in-principle authorisation will enable Zaakpay to onboard new merchants onto its platformfor quick and easy processing of online payments. Zaakpay operates and works with…
Gurugram, October 05, 2023. MobiKwik, India’s leading digital banking platform, released its unaudited Q2FY24 results today with a52% growth in revenues over the corresponding period in FY23 and its second consecutive quarter of PAT profitability. The revenues for the quarter stood at INR 208 crores, a growth of 17% over the previous quarter in the…
Gurugram, September 11, 2023. MobiKwik, a leading digital banking platform, today launched Lens, an industry-first financial product that will empower users with knowledge of their money and aid in financial wellness. Lens leverages Account Aggregator framework which helps users share data across financial institutions in a secure and efficient manner. Mobikwik Lens uses advanced technology…
Gurugram, 10th August 2023. MobiKwik, leading digital banking platform, has recorded profitablegrowthinQ1ofFY23-24withanadjustedEBITDAofINR13.6crores-181%increase Y-o-Y. This is the second consecutive quarter when MobiKwik has registered a profitable growth. ThecompanyregisteredINR177croresinrevenuesinQ1FY23-24,agrowthof68%in the corresponding quarter last fiscal and its contribution margin rose by 108% to INR 73.9 crores. MobiKwik becomes the first fintech in the country to post PAT positive…