India's leading mobile wallet service provider, MobiKwik, has announced that its new wallet-to-wallet (W2W) money transfer service has todate recorded more than 1.5 lakh money transfers in the last two months. According to MobiKwik, it has experienced rapid adoption in its service with eight million registered users todate.
MobiKwik has also been expanding fast to cater for the demand from its users and has recently introduced a unique 'Request Money' feature, which provides users a simple method of alerting others of any pending payments. In addition, MobiKwik releases an updated version of the MobiKwik app every 15 days to provide seamless user experience to its users. The company also runs various promotions with its 700 strong online commercial partner base, which includes Book My Show, eBay, Domino's, RedBus, and FashionAndYou.
"As acceptance of online payments and mobile wallet usage grows, Indian consumers are looking for simpler ways to make electronic transfers. This new feature gives consumers the convenient option of paying anyone at any time, from anywhere in a highly secure manner. Transfers as little as Rs. 1 or as high as Rs. 5,000 can be made in a single transfer and till date we have seen approximately Rs. 1 crore exchanged via the service."
- Upasana Taku, Co-founder, MobiKwik
