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

Tata Mumbai Marathon 2026: Delhi Capitals Owner Parth Jindal Completes Half-Marathon In Under 2...
Tata Mumbai Marathon 2026: Delhi Capitals Owner Parth Jindal Completes Half-Marathon In Under 2...
Q3 Earnings, Global Cues To Shape Market Direction This Week, Banking & Heavyweights In Focus Say...
Q3 Earnings, Global Cues To Shape Market Direction This Week, Banking & Heavyweights In Focus Say...
Budget 2026: How Much Tax Relief For The Common Man, What May Get Cheaper Or Costlier- Key Takeaways...
Budget 2026: How Much Tax Relief For The Common Man, What May Get Cheaper Or Costlier- Key Takeaways...
Maruti Suzuki To Invest Rs 35,000 Crore In New Gujarat Plant, 12,000 Jobs Likely Near Ahmedabad
Maruti Suzuki To Invest Rs 35,000 Crore In New Gujarat Plant, 12,000 Jobs Likely Near Ahmedabad
Big Promises In Rare Earths, Tough Ground Reality: Why Pakistan’s US Mineral Deal Faces Major...
Big Promises In Rare Earths, Tough Ground Reality: Why Pakistan’s US Mineral Deal Faces Major...