MobiKwik App Added New Feature To Offers Credit Card Payments For All Visa Card Holders - GADGETS AND INNOVATIONS

Breaking

Updates On Latest Technology Innovation In Every Walk Of Life Apps Accessories Appliances Gadgets and More

Ad

Post Top Ad

Responsive Ads Here

Post Top Ad

Responsive Ads Here

Thursday, August 30, 2018

MobiKwik App Added New Feature To Offers Credit Card Payments For All Visa Card Holders


On-the-go payment service for credit card holders

MobiKwik, one of India’s largest digital financial services platform, today announced the launch of on-the-go credit card bill payments on its app. MobiKwik will be offering this payment to all Visa credit card holders, irrespective of the issuing bank. This new offering will offer a better user experience to its over 107 million plus users. MobiKwik will be extending this service to other credit card brands, in the near future.   

The latest offering from MobiKwik will enable it to capture India’s burgeoning credit card market. Credit card usage has witnessed a rapid surge rise among urban Indian consumers and presents a huge opportunity for MobiKwik. This new service will add another use case to existing numerous use cases that are taken care of by the MobiKwik app.

Between March 2017 and March 2018, India added some 7.68 million credit cards. As per Credit Card Industry sources, over 4 Crores or 40 Million new Cards are going to be issued in next 4 years. Indian Credit Card industry is poised to grow at a whopping 25% Year on Year, as per RBI. In FY 2017-18, the total credit card spends from about 33 million credit cards stood at about Rs. 45,000 crores.


New DelhiAugust 30, 2018


Post Top Ad

Responsive Ads Here