Home » Telecom » mobile » MobiKwik Partners With StoreKing to Bring Cashless Payments to 10 Million Rural Users
Last updated: August 19, 2015 at 11:45 am

MobiKwik Partners With StoreKing to Bring Cashless Payments to 10 Million Rural Users

Mobikwik Storeking Partnership

Mobile payments are catching up very soon in India; many mobile payment companies are lately seen to be tying up with various retail firms. MobiKwik alone is connecting 17 million users with 50,000 retailers. In recent times, Mobikwik has tied up with Uber, Meru Cabs, Big Bazaar, WHSmith India, Cafe Coffee Day, PVR, Walmart, BookMyShow, Domino’s, Pizza Hut, Star Sports, GoDaddy, eBay, ShopClues, Myntra, Jabong, Pepperfry, HomeShop18, MakeMyTrip, Cleartrip and Yatra.

Mobiles are quick catching up in the rural Indian market and MobiKwik is tapping on the majority of population that lives in the villages. This move will probably make it the largest platform for online transactions in the country.

MobiKwik has now partnered with StoreKing, which is a Bengaluru-based e-commerce startup. It uses vernacular languages to introduce millions of villagers to the world of online shopping. It also has a great network amongst kirana stores in rural areas. Using vernacular languages makes it easier for the masses, which want to use technology, but are unable to do so due to linguistic barriers.

This partnership will benefit 10 million rural users, who will now be able to make payments via the MobiKwik mobile wallet in these 10,000 retail stores as well as make payments for online purchases on the StoreKing e-commerce platform.

RELATED:  Mobikwik Challenges Paytm’s Claim Of Fancy Numbers; Vijay Shekhar Sharma Says They Will Change Banking in India


How does it work?

  • Users load money into the wallet once using cash, loyalty points, debit card, credit card, and netbanking.
  • After loading money, they can make secure 1-tap payments for purchases.
  • The wallet balance can be used across platforms for recharge, bills, food, travel and cabs, shopping, entertainment, etc.
  • Users can also transfer money to wallets and bank accounts of friends and family using MobiKwik
  • MobiKwik wallet services are currently available on Android, Windows and iOS mobile applications and on MobiKwik.com.

A recent report by PwC states that the number of rural e-commerce Internet users is growing by 58 percent annually, fuelled by the increase in the number of smartphones and 3G subscriptions.

How will it help?

  • partnership will enable 10,000 retailers to accept payments through the mobile using MobiKwik wallet
  • Retailers and users across Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Kerala, and Goa to benefit from this partnership
  • his partnership is significant in enabling financial inclusion and digitizing India

“As we continue to work in collaboration with retailers and merchants of all sizes, MobiKwik’s mobile application will increasingly be seen as a destination for users to browse local businesses, order ahead, and transact at point-of-sale,” said Bipin Preet Singh, Founder CEO, MobiKwik, while announcing the collaboration. “With this partnership, we are extending the reach of MobiKwik wallet to rural India and breaking barriers presented by traditional payment methods. Rural Indians no longer have to wait for banks to reach them, to open an account or to transact. They just need to download our app to kick-start their digital payments journey,” he added.

"MobiKwik Partners With StoreKing to Bring Cashless Payments to 10 Million Rural Users", 5 out of 5 based on 1 ratings.

1 Comment

Click here to post a comment

  • […] with their luring offers are making buyers irresistible. Just yesterday we also spoke of how e-commerce is seeping into rural India, with so many sites and apps coming up in multiple languages and consumption of Hindi on the […]

Indian Startup Funding Investment Chart List 2016

Check out our Youtube Channel!

Indians Downloaded 6 Billion Apps in 2016; Beat USA in App Downloads!

India is becoming an important destination for Google, and this has once again been proven by the do…

Jio Witnesses Data Speed Increase by 2X, Now Averages 9.9 Mbps

There is a good news for all Jio subscribers. According to TRAI MySpeed portal, Jio speeds have incr…

Daily Tech Wrap #1: Uber Fare Rise, Nokia 6 Launch, Sub-2k Smartphone, Aadhaar Numbers & More...

We are starting a new daily Tech Wrap series that bring you the most happening stories of the day in…

BHIM Payments App Sets Download Records, But the App Has Many Issues!

BHIM or Bharat Interface for Money was launched by Government on 30th December 2016, and within 5 da…

Subscribe to Our Youtube Channel

who's online