Start-ups, entrepreneurs, students, investors and others experts to congregate at i5 Summit, an event hosted by IIT-Indore and IIM-Indore to foster the spirit of entrepreneurship in the country and support young entrepreneurs by connecting them with investors and mentors to take their ideas to th…
Tag: MobiKwik
Mobikwik aims 5X rise in GMV in 2 years
Mobile wallet player Mobikwik aims to generate a gross merchandise value of $2 billion, on the back of reaching 150 million users in about two years’ time, up five times from its present base. The Gurgaon-based company which competes with market leader Paytm, intends to achieve this target …
Alipay and Paytm go to local stores to hard sell e-wallets
Chinese payments company Alipay and Indian partner Paytm said they aim to increase adoption of digital wallets by small store owners in India and China this year. As a part of the initiative, Alipay said it is offering Paytm its technological capabilities and risk management systems to help it gr…
Mobikwik to offer 6% annual return to wallet users
Fin-tech company MobiKwik said it will offer 6 per cent annual interest on the account balance to its mobile wallet users. The company, which competes with Alibaba-backed Paytm, has over 30 million wallet users in the country. MobiKwik claims it is growing at 250 per cent per year and expects to …
Askme Fin plans payment services for SMEs
E-commerce marketplace Askme Bazaar plans to help small and medium vendors who are transacting on its site by arranging credit and insurance products for them. These services will be provided via Askme Fin, the groups’ financial services platform. In the last 2-3 months, Askme Fin has helped abou…
Mobikwik offers loans to wallet users to push digital payments
Fin-tech company Mobikwik is expanding its services by offering instant micro loans to wallet users running short on balance as part of its efforts to boost digital payment usage in the country. The company, which competes with Alibaba-backed Paytm, started pilot on the project a few weeks back a…
Mobikwik raises $50 million in fresh funding from foreign investors
One MobiKwik Systems, which owns and operates online recharge and mobile wallet MobiKwik, has raised about $50 million (Rs 332.6 crore) in fresh capital, in a new round led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek. The Series-C round, which closed …
India bills payment transaction volume expected to reach INR 9.4 trillion by 2020 | Ken Research
Ken Research announced its latest publication on “India Bills Payment Market Outlook to 2020-Rising Internet Penetration and Advent of Mobile Wallet to Shape Future Growth” which provides a comprehensive analysis of the bills payment market in India. The report covers various aspects such as mark…
India Bills Payment market is expected to reach INR 9.4 trillion by 2020 | Ken Research
Future Growth of India Bills Payment Market is expected to be led by rising internet and Smartphone penetration, followed by emergence of mobile wallet and surging trend of online bills payment in India. The mobile bills payment, market leader Airtel is expected to maintain its dominant position …
Truecaller plans alliances with e-commerce giants
In an effort to tap on the start-up system in India and open a new revenue stream, phone number identification app Truecaller is planning to get into tie-ups with e-commerce giants such as Snapdeal, Flipkart and other online players which require phone number verification on their customers and o…