Page 7 - Mobikwik

MobiKwik to invest Rs 300 cr to expand user base

---Drop pointer box sent with this----Mobile wallet MobiKwik says it plans to invest Rs 300 crore in office expansion, technology and marketing. The company is in talks with multiple investors for its next round of funding. The present expansion would help it put its best foot forward.The money would be spent on expansion aimed at growing its user base from the current 50 million to 150 mn; they hope to achieve this within a year. The increase in user base would push its annual gross merchandise value (GMV) to $10 billion by the end of the year, from the current $2 bn (Rs 13,300 crore), says the company."There are three areas where we would be investing. We have grown organically and now would invest more to market ourselves and acquire more customers. It is the right time to invest," said Daman Soni, vice-president for growth.The plan is to hire around 1,000 employees, from senior management to junior staff. It is also opening as many as 13 offices across the country, the second ...

MobiKwik to invest $45 million to expand user base

Aims to rack up transactions worth $10 billion on its platform

MobiKwik in talks to raise funds, eyes $1 billion valuation: CEO

He adds that the company will likely see a new cash infusion in the next month

Mobikwik launches app in 5 regional languages to increase accessibility

Users can download this app with just one missed call and sign up with mobile number only

MobiKwik offers zero surcharge at petrol pumps to boost digital payments

MobiKwik is currently accepted across petrol pumps and gas stations in 20 cities

MobiKwik to invest Rs 50 crore, hire 1,000 people by March

Company is setting up offices in 13 cities by the end of the first quarter of 2017

MobiKwik to set up 13 offices pan-India

Expansion will enable 150mn users in India, transact with MobiKwik platform by early 2018

Digitial economy: MobiKwik ties with AIIMS for cashless payment facilities

The service will start with resident doctors, staff and visitors who can pay with the mobile wallet

RBI gives in-principle nod to Mobikwik to set up payment system

Mobikwik will now be integrated in Bharat Bill Payment System

After IIT Delhi and JNU, MobiKwik in talks with IIM-A for going cashless

Transactions on its platform have surged 400% since note ban; user base up from 35 mn to 45 mn

MobiKwik to help 30 lakh street vendors in making digital payments

The online payment system will train 10 lakh street vendors in three months time

Paytm dumping capital to gain customers: Bipin Preet Singh, Mobikwik CEO

His barbs were aimed at sector leader Paytm in which global e-commerce major Alibaba has a stake about 40%

Mobikwik enables cashless payments at 112 toll plazas

In times of note ban paralysing payments for the country, MobiKwik has taken many initiatives to ease the common man's life

MobiKwik 'Lite' to enable free bank transfers till March 31

The app will focus to encourage use of mobile wallets in poor connectivity regions

Mobikwik receives NHAI nod to digitize payments for 391 pan India toll plazas

Users can pay at toll plazas with MobiKwik by opening their MobiKwik app, scanning the QR code

MobiKwik revises GMV sales target to $10 bn by next year

It has over 1 lakh merchants and 35 million customers at present and has witnessed a 40% jump in its application downloads since the demonetisation initiative

MobiKwik forays into consumer loan segment

Loan approval will be done within 30 minutes, and to begin with, loans or EMIs up to Rs 50,000 will be available for MobiKwik users

Mobikwik's auto recharge service registers 100,000 users

Auto recharge was launched by MobiKwik in August 2016 to further accentuate the users' experience

Our competition is doing a disservice to the ecosystem: Bipin Preet Singh

Interview with Chief Executive Officer, Mobikwik

MobiKwik launches one step offline payments with 'Bubble Pin'

This pin can be generated on the MobiKwik app by clicking on 'Pay at store' and is valid for 60 seconds