MobiKwik

MobiKwik is an Indian- payment service provider that uses a digital wallet to allow users to make financial transactions using their phones.

Founded in the year of 2009, the company is presently headquartered in Gurgaon, Haryana, India. It was founded by partners Bipin Preet Singh and Upasana Taku. In the year of 2013, the Reserve Bank of India authorized the concept of the MobiKwik wallet.

In 2016 the company expanded its services and began providing small loan amounts to its consumers.

As of November 2016, the company had a merchant base of 1.5 million independent merchants. Currently, they have a user base of approximately 50 million customers. The company’s employment policy and options include sectors such as consumer payments, payment gateway and fintech.

Initially, their services included a website with a primary closed wallet facility but as they expanded their services extended to phone-based applications. Partnering with online merchants made their digital wallet a viable payment option on e-commerce websites. Currently, they provide financial services such as accident-based insurance, fire insurance, credit card bill payment, etc.

In 2022 they onboarded former SEBI Executive Director and IRDAI member Radhakrishnan Nair and former MD and CEO of SBI Cards Hardayal Prasad to their newly appointed advisory board. The members were to work alongside the Board of Directors, Punita Kumar Sinha (Founding partner of Pacific Paradigm Advisors and former Senior MD of Blackstone); Navdeep Singh Suri (High Commissioner to Australia and former Indian Ambassador); Raghu Ram Hiremagalur (former CBO and Co-founder of PaySense).