The Indian digital financial service platform, MobiKwik has announced to launch Unified Payments Interface (UPI) on its platform through its own VPA handle called “@ikwik” for making payments unlike the one offered by non-banking entities.
The company has also assured its users about safety being given utmost priority so that users don’t have to worry about data issues even in the case of loss of SIM or device.
Additionally, the digital wallet company has claimed to be the first in offering UPI access to a huge base of 3 million merchant payments. Moreover, its UPI app is 100% in compliance with NPCI guidelines and has been declared “most safe” UPI app by NPCI.
MobiKwik users will now be able to use their mobile number as their own VPA by default which will be “ikwik”. Multiple user accounts could now be linked with just one VPA while changing primary accounts in case of requirements.
Talking of the announcement, Bipin Preet Singh, Founder and CEO, MobiKwik, said,
“We believe that with UPI on our platform, we will be able to empower our users with the power of transferring between bank accounts in an extremely safe and simple manner. With the rollout of UPI, we expect a reduction in the usage of debit cards and internet banking on the MobiKwik app, as UPI will offer a better user experience.”
He also informed that company will provide all payment options including wallets, virtual cards and UPI, to ensure convenience for its user base.