A day after rival Paytm launched its app-based point of sale (POS) facility, for users with credit and debit cards, Mobikwik announced a virtual card technology which will allow users make payments across all online and offline shops which accept cards. Mobikwik claims that it will be a safe way …
Tag: MobiKwik
VC-backed deals in fintech space decline to five-quarter low: Report
Despite the buzz around start-ups working on financial technologies (fintech), investors globally and in India are approaching the sector with caution, a report said. According to ‘Pulse of Fintech’, a report from CB Insights and KPMG, venture capital (VC)-backed fintech funding fell 17% worldwid…
Currency Ban Impact | Start-ups encouraging online transactions, gaining new customers
Even if temporary, markets wore a deserted look today across India as high value cash in hand became just a paper overnight for Indian citizens. Modi’s surgical strike on black money has had an impact on traders and parallel economy who used to deal only in cash, especially in India’s…
Make ‘tatkal’ e-payments for rail tickets now with MobiKwik
Mobile payments network MobiKwik has partnered Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings. “MobiKwik collaborated with Indian Railways to digitise payments on the IRCTC app and IRCTC FoodOnTrack app this year, and now we are powerin…
KredX raises Rs 40 Cr Series A funding led by Sequoia India
Invoice discounting marketplace KredX has raised about Rs 40 crore in series A funding led by Sequoia Capital India along with existing backer, early stage investment firm Prime Venture Partners. The Bengaluru-based startup has built a technology marketplace, where it connects small and medium en…
SoftBank in talks to put money into FreeCharge
Japan’s SoftBank Corp, the largest shareholder in Snapdeal, is in talks to invest in FreeCharge, the digital payments unit of the online marketplace, according to two people aware of the development. The round is expected to see FreeCharge, which competes with Alibaba backed Paytm, take in $150-$…
MobiKwik launches deals on its platform
MobiKwik becomes one stop solution for all deals Users can buy exclusive deals from leading brands such as Big Bazaar, Barista, Relaxo, Smaaash, Aapno Ghar, Central, Himalaya and Burger King from the MobiKwik app and redeem them at merchant locations MobiKwik, a leading fintech company, using inn…
MobiKwik Partners with 12 Eelectricity Boards in 8 States
MobiKwik, the largest digital payment company in India, August 30 announced its tie ups with 12 state electricity boards. The move comes as a part of MobiKwik’s expansion plan to set up a national base for utility payments. The state electricity boards that have been tied up with are Bihar, Madh…
South Africa’s Net1 tops up Mobikwik wallet by $40 million
South Africa headquartered global payments solutions and transaction processing company Net1 UEPS Technologies Inc has announced a strategic partnership with digital wallet player MobiKwik. Net1 will invest $40 million in MobiKwik and will integrate its Virtual Card technology with the MobiKwik w…
Net1 to invest $40 mn in MobiKwik, a leading digital payment platform in India
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NasdaqGS: UEPS, JSE: NT1) today announced that it has signed a subscription agreement with One MobiKwik Systems Private Limited (“MobiKwik”) in India. MobiKwik is India’s largest independent mobile payments network, trusted by over 32…