Question: What is MobiKwik?
(a) Bank
(b) Mobile wallet and online payment system
(c) Multinational company
(d) Information Provider
Ans: (b)
Related facts:
- On 12 October 2016 India’s largest independent mobile payments network and mobile wallet MobiKwik has launched Unified Payments Interface (UPI) on its platform.
- MobiKwik users can now load their wallet with e-cash using UPI.
- Mobile wallet company MobiKwik has tied up with ICICI Bank to launch the Unified Payments Interface (UPI) on its platform
- The company already has options of net-banking, credit and debit card and the exclusive cash pick up and cash deposit service for wallet loading.
- MobiKwik users now have an additional option for real time wallet loading with UPI.
- Users can use their MobiKwik e-cash at over 100000 online and offline merchants across India.
- Unified Payments Interface (UPI) is an additional layer of payment architecture built upon the IMPS (Immediate Payment Service) mobile payments system which allows customers to transfer money across different banks with the use of a single identification and password.
- MobiKwik is also the only wallet in India that has a cash pick up facility.
- With which users can get their MobiKwik wallet loaded with e-cash from their location within 25 minutes in major Indian cities.
Reference:
http://economictimes.indiatimes.com/small-biz/money/mobikwik-partners-with-icici-bank-to-let-users-fill-wallets-through-upi/articleshow/54810886.cms
http://indianexpress.com/article/technology/social/mobikwik-launches-unified-payments-interface-on-its-app-3085455/
http://www.business-standard.com/article/news-ani/mobikwik-launches-unified-payments-interface-upi-on-its-platform-116101200751_1.html