Tuesday
June 25
2019

India’s MobiKwik Mobile Wallet To Go Global

Mobile wallet app MobiKwik announced that it is partnering with Singapore-based DT One to expand into international markets.

The partnership will enable the app to offer international mobile recharge, rewards and airtime credit services in more than 150 nations across some 550 mobile operators. The service is geared towards Indians living overseas and immigrants in India, Upasana Taku, co-founder of MobiKwik, told reporters.

With millions of Indians overseas to pursue education or find employment, there is currently no convenient way for them to receive money from family and friends in India when their phones need to be topped up. This new functionality will enable this service, with no processing fees.

“This is the first service we are launching. We will eventually add other essential services as well. Mobile recharge will offer us good data points and will help us understand different markets,” Taku added.

Photo courtesy of Meena Kadri.

Source: PYMNTS (link opens in a new window)

Categories
Finance
Tags
emerging markets, financial services, mobile phones, remittances, telecommunications