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Faith in mobile wallet business has increased:Mobikwik

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The big growth in mobile wallet business will happen when a lot of offline payments start happening on this platform, says Bipin Preet Singh, co-founder of Mobikwik. “We look at the payments industry as a pyramid, at the bottom is the bill payments and recharges. On top of that is getting integrated all the online marketplaces which will accept Mobikwik wallet payments”, he added.

“We already have around 25 million users with around 40% of them being active ones. We process around 20 million transactions per month. The next big growth will happen when a lot of offline payments happen on this platform. I have faith in my business model” he said. Read more

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Sweekar S

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