MobiKwik users can now request and get Aadhar based wallet upgrade within 30 minutes
With the launch of eKYC facility MobiKwik seeks to improve financial inclusion in India
MobiKwik, the largest independent mobile payments company in India has launched eKYC for its users. eKYC is RBI approved, paperless process for fulfilling KYC requirements, that will allow MobiKwik users to upgrade their wallet with Aadhar card in real time. Once a user requests eKYC on the app, a company representative will reach the user’s location within 30 minutes and do real time wallet upgrade.
Speaking on the announcement, Mrinal Sinha, Chief Operating Officer, MobiKwik said, “This launch further simplifies the wallet experience for our users and they can now avail benefits of a KYC account within half an hour.”
UIDAI’s e-KYC service enables KYC process to be performed electronically with explicit authorization by resident. As part of the e-KYC process, the resident authorizes UIDAI (through Aadhaar authentication using biometric/iris) to provide their demographic data along with their photograph (digitally signed and encrypted) to service providers.
“eKYC revolutionizes mobile wallet upgrades as its paperless, consent based and the safest way to upgrade. We are confident that most of our users will find this service exceptionally useful.” Mrinal added.
eKYC process @ MobiKwik
*The service is being launched in Delhi NCR this week and will be available to MobiKwik users, pan India in a few weeks.
MobiKwik, is India’s largest independent mobile payments network, connecting 30 million users with 100,000 retailers. Founded in 2009 by Bipin Preet Singh and UpasanaTaku, the company has raised three rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway and Cisco Investments. MobiKwik aspires to be the largest source of digital transactions in India.
One of the leading digital payments platforms for online and offline merchants, MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino’s, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip, Cleartrip, and Yatra.
For more information, please visit www.mobikwik.com .