Demonetisation: MobiKwik’s nearby feature witnesses 2500 percent jump in traffic

Demonetisation: MobiKwik’s nearby feature witnesses 2500 percent jump in traffic

ANIUpdated: Thursday, May 30, 2019, 11:13 AM IST
article-image

New Delhi: MobiKwik has been in the forefront of innovation in the mobile wallet industry in India.

Also Read: Mobikwik offers loans to wallet users to push digital payments

The company had introduced nearby feature earlier this year, to help its users in identifying locations where MobiKwik wallet is accepted. Since demonetization, the feature has seen over 2500 percent increase in traffic.

Nearby feature has helped millions of MobiKwik users in identifying food and shopping outlets around them that accept MobiKwik payments. Users can also locate cash deposit locations around them with this feature.

“Demonetization has changed the entire mobile wallet industry and suddenly, there is a huge demand and acceptance of our services. We are proud to help Indians in adapting to an evolved economy that is cashless and digitized,” said COO MobiKwik, Mrinal Sinha.

After MobiKwik, the nearby feature was launched by many other global and national players in the wallet industry.

RECENT STORIES

Indian Stock Markets Closed Today For Maharashtra Municipal Elections, Trading Resumes Friday
Indian Stock Markets Closed Today For Maharashtra Municipal Elections, Trading Resumes Friday
RBI Proposes Major Changes To Banks' Net Open Position Limits, Aligns With Basel Standards
RBI Proposes Major Changes To Banks' Net Open Position Limits, Aligns With Basel Standards
Bajaj Auto Targets No.1 Spot In Global E-Scooter Market With New Chetak C25 Launch
Bajaj Auto Targets No.1 Spot In Global E-Scooter Market With New Chetak C25 Launch
World Bank Approves $680 Million Loans For Three Assam Projects
World Bank Approves $680 Million Loans For Three Assam Projects
Uttar Pradesh Leaps To 4th In NITI Aayog Export Preparedness Index, Tops Among Landlocked States
Uttar Pradesh Leaps To 4th In NITI Aayog Export Preparedness Index, Tops Among Landlocked States