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Mobikwik Offers Loans to Wallet Users to Push Digital Payments

22May By AnkitaNo Comments

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Mobikwik Offers Loans to Wallet Users to Push Digital Payments

Fin-tech company Mobikwik is expanding its services by offering instant micro loans to wallet users running short on balance as part of its efforts to boost digital payment usage in the country. The company, which competes with Alibaba-backed Paytm, started pilot on the project a few weeks back and has already given loans to about 25,000 users. "These are micro loans, about Rs 500-2,500, given to users when they are running short on balance while making a purchase. We are happy with the product, the repayment rates are around 97 per cent. We are now looking at expanding this," MobiKwik co-founder Upasana Taku said. She added that the company has partnered consumer-lending marketplace, CashCare for the service. MobiKwik is in process of adding 10-12 other similar banks and...

Paytm Ties up with PVR To Sell Movie Tickets

PVR plans to sell movie tickets worth Rs 250-300 crore using Paytm's platform in the first year of their association as the two firms tied up today to sell cinema tickets. The two firms today announced to bring PVR's movie tickets to Paytm's e-commerce platform as the latter forays into the online movie ticket segment. "In the first year of this relationship, PVR targets to sell tickets worth Rs 2.5-3 billion on Paytm's e-commerce platform besides selling tickets from the box offices and other channels", PVR and Paytm said in a joint statement. Paytm said it is aggressively extending its presence in new verticals as part of its strategy to be ubiquitous in daily life of its customers. "Paytm has set aggressive targets for itself and intends to double the share of online movie ticke...

FreeCharge Drives Cashless Payments With Ezetap

ANI- Counting and handling cash may soon become a thing of the past for offline retailers. FreeCharge, the digital payments platform, has inked a partnership with Ezetap, the Bangalore-based pioneer in mobile payments, allowing the entire base of FreeCharge users to immediately start using their wallets to make payments at thousands of Ezetap service points consisting of small and mid-sized retailers across India. The partnership draws FreeCharge closer its vision of creating an ecosystem where organised and unorganised merchant networks can come together and accept electronic payments. Ezetap's Universal Mobile Wallet Acceptance is India's first universal solution that allows merchants to accept customer payments from any mobile wallet through their existing Ezetap mobile point of s...