New Delhi, November 18, 2016: MobiKwik, India’s largest independent mobile wallet, today announced its partnership with Bharat Sanchar Nigam Limited (BSNL), the government-owned telecommunication service provider for cashless payment of bills. The tie-ups will enable customers to pay their phone bills without standing in queues and using cash currencies or cheques.
A large number of people across cities will be benefitted as BSNL serves 38 million users. This initiative will also enable customers to tide over the current currency shortage due to demonetisation of high-value bank notes.
Mrinal Sinha, Chief Operating Officer at MobiKwik said, “Our associations with BSNL is another step to serve landline users after demonetisation of high-value currency notes. MobiKwik is honored to support a cashless India and urges people to transact with wallets and digital money as much as possible.”
The announcement of discontinuation of Rs 500 &Rs 1000 notes is a mind blowing initiative taken by Prime Minister Narendra Modi to curb black money in India. "This is the biggest surgical strike on the menace of cash ever heard of anywhere in the world. This is a historic policy change and will do down in democratic India's history as more impactful than the economic reforms of 1990s. Our kids will read about this in their history and economics books. Within a 50 day period a billion Indians will change their payments behaviour - we will move from cash only to a cash-free economy. This a strong step taken by the Modi government and will benefit the growth of digital payments and digital banking in India. We (MobiKwik) are excited to be a part of this historic moment." said Bipin Preet Singh, CEO of MobiKwik.
About MobiKwik
MobiKwik is India’s largest independent mobile payments network, connecting 35 million users with one lakh retailers. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, Net1, GMO Payment Gateway and Cisco Investments.
One of the leading digital payments platforms for online and offline merchants, MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip.
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