Why Paytm levied 2% fee on recharge via credit card, and MobiKwik latched on

For-E-payments-Infra-2_ThinkstockPhotos-505770038India’s mobile wallet companies have a knack for being in the news. Just a day after Vijay Shekhar Sharma-led market leader Paytm said it will levy 2% fee for adding money to the wallet using credit cards, arch-rival MobiKwik has announced that it will continue to offer “free” uploading of money to its wallet, including […]

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Will abundant cash supply poop the m-wallet party?

Mobile-wallet_feWithout a doubt, digital wallets have been the biggest beneficiary of Prime Minister Narendra Modi’s November move to scrap high-value banknotes. The resultant cash crunch brought thousands of borderline and non-users into the ecosystem, something that would have otherwise taken a few quarters. Data on payment systems released by the Reserve Bank of India (RBI) […]

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Budget wish list: Cut corporate tax for startups, announce sops for fin-tech firms

Bipin-Preet-Singh_feThe budget must announce measures to upgrade digital infrastructure across the country. This will encourage more merchants and consumers to transact on non-cash, online platforms. Digital India is a laudable initiative. We need to improve digital literacy and connect cities, towns and villages with high-speed Internet networks so that every citizen has access to a […]

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MobiKwik hires Line India’s former head Daman Soni to drive user growth

Daman-SoniFEDigital wallet firm MobiKwik has appointed former India head of instant messaging app Line, Daman Soni, as vice president for growth. In his new role, Soni will be responsible for achieving the company’s user growth targets. Besides, he will also support the marketing function, MobiKwik said in a statement. “His strength lies in his observation […]

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Exclusive: Former 99acres EVP Vineet Singh joins MobiKwik

Former 99acres EVP Vineet Singh has joined digital wallet company MobiKwik as chief business officer. The company confirmed the development to Techcircle. Singh, who was part of the management team of Info Edge (India) Ltd and sales head of its internet properties, 99Acres.com, Jeevansathi.com and Naukri.com, left the firm in October 2014 and founded an […]

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MobiKwik launches ‘Lite’ app for users with slow net connectivity

MobiKwikDigital wallet firm MobiKwik on Monday launched a data-light version of its mobile application, targeting smartphone users and small business owners who face challenges of slow Internet connectivity that hampers access to digital payments. The MobiKwik Lite app’s size is as small as 1 MB and it can be downloaded in 30 seconds or by […]

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MobiKwik gets $50M from Japan’ GMO, Taiwan’s MediaTek, others

MobiKwikGurgaon-based One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik, has raised $50 million in its Series C round led by Japan’s GMO Payment Gateway and Taiwanese semiconductor company MediaTek. Existing investors Sequoia Capital and Tree Line Asia also participated in this round, MobiKwik said in a statement. The […]

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Online recharge & mobile wallet MobiKwik raises $25M from Tree Line, others

Gurgaon-based One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik, has raised $25 million (over Rs 150 crore) in Series B round of funding led by Tree Line Asia, it said on Wednesday. Cisco Investments, American Express and existing investor Sequoia Capital, also participated in the round. The firm […]

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