Industry First: MobiKwik opens 3 million merchant base to UPI

91

MobiKwikOne of India’s leading digital payments brands MobiKwik has launched its Unified Payments Interface (UPI) via its own VPA (Virtual payment address) handle @ikwik.

This is India’s first of its kind initiative where an industry is offering UPI app access to 3 million merchants.

Not only this, the brand is amongst the first few in the industry players to offer Bharat QR, UPI QR and intent functionality for merchant payments.

This move will enable Mobikwik users to do P2P bank transfers via UPI. MobiKwik’s UPI app is built in adherence to the National Payments Corporation of India (NPCI) guidelines.

According to NPCI, MobiKwik is the most secured UPI app till date.

As per the official sources, MobiKwik app has over 3 million direct merchants and 107 million users.

Get a chance to meet the Who's who of the BFSI industry. Join Us for 5th NBFC100 Tech Summit, Mumbai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.