MobiKwik has been in the forefront of innovation in the mobile wallet industry in India.
The company had introduced nearby feature earlier this year, to help its users in identifying locations where MobiKwik wallet is accepted. Since demonetization, the feature has seen over 2500 percent increase in traffic.
Nearby feature has helped millions of MobiKwik users in identifying food and shopping outlets around them that accept MobiKwik payments. Users can also locate cash deposit locations around them with this feature.
"Demonetization has changed the entire mobile wallet industry and suddenly, there is a huge demand and acceptance of our services. We are proud to help Indians in adapting to an evolved economy that is cashless and digitized," said COO MobiKwik, Mrinal Sinha.
After MobiKwik, the nearby feature was launched by many other global and national players in the wallet industry.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app