Since the currency ban has come into effect, the old notes have become useless while the new one is only available in limited amount.
With approximately 85% of the total currency becoming futile at the blink of an eye, liquidity has gown down to its lowest.
Cash with people is available in scarcity and it is getting difficult to make payments even for daily needs. The scenario is quite daunting and at this moment e-wallets apps like Mobikwik are certainly proving a blessing in disguise for people.
Mobikwik being one of the most popular digital wallet apps is proving quite handy and is helping people across India make payment for goods and services across offline stores. Here’s a look at some of the different facilities as well as features that you can avail with Mobikwik for a perfect payment settlement experience-
Online transactions as well as payments through electronic mode have increased considerably after demonetization. Mobikwik in past few weeks has witnessed a surge in its app download and transactions on its platform have increased 18 fold. With such dependence on wallet transactions, the need to transfer the wallet money to bank account will be felt on regular basis.
Therefore, Mobikwik in order to attract more users to its platform has announced that money from its wallet can now be transferred to any bank account with paying any charge or fees. The move is certainly a masterstroke and is expected to motivate small retailers and merchants opt for the service of facilitating payments through Mobikwik wallet.
With people facing cash crunch, offline shopping has witnessed a huge fall in last few weeks. The situation is quite challenging but mobile wallet apps like Mobikwik have managed to make people experience blessing in disguise.
The Mobikwik wallet is simply the best and makes available some best offers as well as cashbacks in respect to online as well as offline shopping. A new user with the app can avail or save up-to 500 Rs on their first bus as well as train booking and experience perfect economy with their travel.
The wallet app is extremely customer friendly and lets you search for best offers, nearby stores of Mobikwik as well as order food from online food delivery portals. The wallet app is one stop destination for payment related to different needs on various platforms and helps you save decent money with shopping on every platform of Mobikwik.