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MobiKwik App

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MobiKwik is one of the India based e-commerce payment systems which was founded in 2009, by Bipin Preet Singh and his wife – Upasana Taku. The company was started with an initial seed capital of $250 thousand. It provides mobile phone-based payment system and acts as a digital wallet. Users can add money to an online wallet which can be used for making online payments. It launched an e-wallet system in the year 2012 which helped its customers to deposit money online which could be used for bill payments and other features. MobiKwik app is available on both iOS and Android-based devices. 

The Reserve Bank of India authorized the company’s use of MobiKwik wallet in 2013 and beginning from May 2016, the digital wallet started providing small loans to consumers as a part of its services. The company started its MobiKwik Lite mobile app during November 2016 which is designed for users of older 2G mobile networks and for those users who stay at a place which has poor internet connectivity. As on November 2016, the firm reported that close to 1.5 million merchants are using their services, with the user base touching close to 55 million customers.

During the initial stages after inception, the service was provided through a website with a closed wallet facility but over the last few years, the firm has successfully extended its services to mobile apps as well. In the beginning, MobiKwik partnered with online merchants and made their wallet available as a payment option on e-commerce sites.

MobiKwik is backed by several investment groups which include American Express, MediaTek, Sequoia Capital, Tree Line Asia, Cisco Investments, GMO Payment Gateway, Bajaj Finance and Net1.

Services of MobiKwik

MobiKwik provides a list of financial services which includes:

  • Sending and receiving money through a mobile app
  • Ticket Bookings
  • Utility Bill Payments
  • Credit Card Bill Payment
  • Grocery Bill Payments
  • Cab Bookings
  • Payment to online, digital and offline retail stores
  • Life Insurance
  • Mutual Funds
  • Loan
  • DTH Recharge
  • Fire Insurance
  • Accident Insurance
  • IMPS Money Transfer
  • Prepaid & Postpaid mobile recharges
  • Metro payments
  • Data Card
  • Traffic Challans

MobiKwik Wallet

The MobiKwik wallet is a semi-closed wallet which secured authorization from RBI in 2013.

The wallet can be used across a range of payment services which includes payment of grocery bills, utility bills, mobile recharges, movie tickets booking, metro recharges, cab bookings and the list goes on. The wallet helps to bridge the divide between consumers and companies through swift recharges and bill payments at no extra cost for online transactions. The app offers instant money transfer facility for friends and family members on the go swiftly and instantly.

The company rolled out a credit product, known as ‘Boost’ which provides loan disbursal in a matter of 90 seconds, with this, MobiKwik has become the first in the payment apps industry to give loans via a mobile wallet. The company plans to add new products in its lending portfolio in the coming days.

Currently, it has forayed into wealth management after the acquisition of Clearfunds, which is one of the new age wealth management platforms in India. Apart from this, the e-wallet firm launched a digital gold category on its platform.

MobiKwik App

Use MobiKwik App for making mobile recharge, bill payment, utility bill payments, water bill payments, DTH recharge, insurance payments and more. Apart from this, you can also buy digital gold insurance, avail personal loan, invest in mutual funds using SIP, transfer money from bank account instantly. Book tickets for the train. flight, movies, bus and get amazing deals and cashback for every booking. Manage your spending habits and spend your money according to your needs.

Features and Benefits of MobiKwik App

Below given are the numerous benefits of the MobiKwik app, which you will get after installing and successful registration.

Mobile Recharge: MobiKwik app supports all major telecom providers such as Airtel, Vodafone, Jio, Idea, BSNL and allows you to make do recharge on a secure and seamless way.

Bill Payment: You can make instant bill payments such as electricity bill, water bill, gas bill, municipality bill, postpaid phone bill, EMI, insurance premiums, etc from the Mobikwik app.

Electricity Bill Payment: Click on electricity, select your operator & and enter the consumer number, by these three simple steps you can pay your electricity bill instantly.

Gas Bill Payment: Pay your gas bills across the major partners such as AG, GGS, GGL, Indian Oil, IGL and SGL. To make the payment open the MobiKwik app > tap on gas > select your operator and enter your user id.

Water Bill Payment: Make online water bill payment services for various operators like DJB, NDMC, PMC and BMC. To make payment for your water bill, open the MobiKwik app > go to the water section > select your operator and enter RR number.

Municipality Bill Payment: Pay online Municipal Property Tax via debit card, credit card and net banking. Reimburse your house tax online at MobiKwik for various operators such as MCG and PMC.

Postpaid Bill Payment: Pay for your postpaid bills for a range of operators such as Airtel, Vodafone, Jio, Idea or BSNL. Just enter your postpaid number, select operator, choose the plan and you are done.

DTH Recharge: Make DTH recharge online through MobiKwik. Go to DTH section > select your operator type from (Airtel DTH, Dish TV, Sun Direct TV, Tata Sky, D2H or any other) > enter the user id and enter the recharge amount.

Instant Personal Loan: Get up to Rs 5 Lakh online instant personal loan with an interest of 12% - 39% per annum and 6 months tenure. The standard fees for processing vary from 2 to 2,5%.

Money Transfer: Making money transfers easy & quick at MobiKwik. With MobiKwik you can transfer money from bank to bank, wallet to bank or wallet to wallet. To render money transfers select ‘Transfer to bank’ or ‘wallet transfer’ option.

Travel: Book tickets at any travel merchant and make your payment via MobiKwik to get amazing travel offers from IRCTC, MakeMyTrip, Yatra, EaseMyTrip, Ixigo and OYO.

Food Delivery: Order your favorite food online from food delivery mobile apps such as Swiggy, Zomato, Eazydiner, Foodpanda, Domino’s, etc and pay using MobiKwik.

Movies and Entertainment: Enjoy your weekends by watching your favorite show at Cinepolis, PVR, Carnival, Justickets, Smaash. Book tickets and pay through MobiKwik to get amazing offers.

Healthcart at Mobikwik: Purchase fitness or health products from Healthkart, Medlife, Netmeds, PharmEasy, MedPlus and pay by using MobiKwik for your purchase to get amazing discounts.

How to Download MobiKwik?

If the user is using an Android-based phone then follow the below-mentioned steps to download MobiKwik.

  • First, go to the Google Play Store
  • Search for MobiKwik app
  • Download the app
  • Install it

Note: If the users have an Apple phone, then download the MobiKwik app from the Apple app store.

How to Transfer Money using MobiKwik?

  • First login to the MobiKwik app
  • Now go to the home screen and click on ‘Transfer Money’
  • Proceed further and click on ‘Wallet to Bank Transfer’
  • Key in the bank details of the beneficiary or payee, verify the details once again and click on ‘Send Money’ option
  • You will receive an OTP on your registered mobile number
  • Now verify the OTP and submit the same
  • The money will be sent to the respective account

How to Use the MobiKwik App?

  • First Download the app in your mobile phone from the Google Play/ Apple app store and launch it
  • Now open the app and enter your registered mobile number
  • Click on ‘Send OTP’ option after this.
  • You will receive an OTP.
  • Now enter the received OTP for verification purpose
  • Finally, the user gets successfully registered on MobiKwik app.

How to Pay Grocery Bills using MobiKwik Wallet?

Step 1: First, log in to the MobiKwik App
Step 2: Inform the store operator that you are paying using the MobiKwik Wallet
Step 3: Share your mobile number with the store operator
Step 4: You will receive an OTP on your registered mobile number, share the same with store operator

Procedure for Prepaid Currency Recharge using MobiKwik

Step 1: First open the MobiKwik app
Step 2: Click on the ‘Prepaid’ option and enter your mobile amount
Step 3: Now enter the recharge amount which you prefer to recharge for
Step 4: Proceed to click on ‘Recharge’ option.

How to Add Money to MobiKwik Payment App?

  • First login to the MobiKwik app
  • Now click on the ‘Add Money’ option
  • Enter the amount you prefer to add and click on the ‘continue’ option
  • The user will be redirected to the payment page, wherein one can add money through any of the three payment options be it – Debit or credit card, cash deposit or pick up or a debit or credit card. Choose an appropriate option as per your convenience.
  • Enter the payment details and click on ‘Pay Now’ option. (enter the promo code, if you receive any)
  • Make payments by entering either OTP or password.
  • Now, the newly added amount will soon reflect in your MobiKwik wallet

Why choose MobiKwik for making online recharge and bill payments?

MobiKwik enables you to make free online prepaid recharge, only what you need is a stable internet connection and you are done. MobiKwik online prepaid recharge services allow you to save your time and money. In addition to allowing free mobile online recharges, it also ensures you to make convenient and secure online recharge.

You can use MobiKwik wallet across a range of online recharge services such as utility recharges, online mobile prepaid recharges, electricity bill payments, booking online cabs, booking online tickets for travel, grocery and making instant payments at online and offline stores. MobiKwik delivers digital services to its consumers and businesses through easy, fast recharges and cost-free bill payments.

MobiKwik is India's leading provider of digital financial services augmenting advanced digital technologies among its users. It ranked amongst the top players in the payment gateway industry of India. It has a chain of more than 3 million merchants, over 140 billers, more than 107 million users and conducts more than 1 million online transactions per day.

Over the past few years, MobiKwik has developed on the basis of YoY and the firm has recorded a 4x growth in transactions. With its one-tap access facility for loans, investments and insurance MobiKwik has a goal to empower a billion Indian users around the year 2022.  

MobiKwik Loan

MobiKwik users can avail instant personal loans online as the payment wallet offers instant personal loan, the first of its kind in India. The unique feature of it is, the loan can be availed without pledging any security. All that the user has to provide only a few basic details to secure the instant personal loan online.

Benefits of Instant Personal Loan with MobiKwik

  • Quick, simple process
  • Collateral is not required
  • Minimal documentation
  • Bank transfer option available

How to Apply for MobiKwik Loan?

  • First login to the MobiKwik app
  • Select the wallet
  • Click on the ‘Balance Details’
  • Proceed further and click on the ‘Boost’ option
  • Now click on ‘Let’s Start’ on the corresponding screen
  • Enter your PAN and Aadhaar number respectively
  • Proceed further and Agree to the terms and conditions and click on ‘View Loan Details’
  • Thereafter, the user has to follow the instructions mentioned in the corresponding screens
  • Once the loan is approved, the said amount will be credited into the MobiKwik Wallet.

MobiKwik Online Insurance

With a first of its kind, the e-wallet firm MobiKwik is offering MobiKwik Online Insurance cover to its users starting at just Rs 20. The user can purchase the life insurance, cyber fraud insurance, personal accidental insurance instantly with a minimum cost and at maximum transparency. The accidental insurance comes in with a cover of Rs 1,00,000 a year at a premium amount of Rs 20 per month.
Premium Amount

Customers can pick from any of the premium amounts which assures a specific sum

  • Sum assured of Rs 1 lakh for a premium amount of Rs 20 per month
  • Sum assured of Rs 1.5 lakh for a premium amount of Rs 30 per month
  • Sum assured of Rs 2 lakh for a premium amount of Rs 40 per month

In 2019, MobiKwik partnered with Max Bupa to offer bite-sized health insurance products. They are aimed mainly towards those people who find it difficult to buy an insurance cover for medical emergencies owing to high premium costs.

Payment of Insurance Premium via MobiKwik

By using your mobile phone and internet connectivity many public and government sector services can get in touch with the online insurance premium payment facility. MobiKwik allows its users a simple way for online payment of insurance premiums through its website and mobile application. The user interface is easy enough for a common citizen to use. You can make an online payment for major insurance providers such as ICICI Prudential, Tata AIA, and Birla Sun Life Insurance on the MobiKwik platform. By using the MobiKwik application you are enabled to pay online for your insurance premiums no matter where you are. You can render the payment without paying any extra charges.

The MobiKwik application also provides a safe premium payment method for insurance, as well as being handy. One can also take advantage of payment options such as Credit Card, Debit Card or Net Banking as per his/her convenience. All payments you make online on the platform are conducted via safe transaction services. Your confidential data are kept concealed in the Privacy Policy during the policy insurance payment process. In fact, the e-wallet service offers you a convenient solution for the payment of insurance premiums.

MobiKwik KYC

As per RBI guidelines, it was made mandatory to have the KYC completed. While many of you have already completed or are in the process of doing your KYC, many of you may be at a loss as far as KYC and its type are concerned. Below are the types of KYC that can be done, and the benefits attached to them, to make it simpler for you.

MobiKwik Min KYC

A Min-KYC consumer is someone who has entered information of his Id, such as PAN Card or Aadhar but has not verified that. It is acceptable to add money for a min-KYC customer but the sum is restricted to Rs. 10,000. A user would still not be allowed to render P2P or bank payments. The customer can spend only up to Rs 10,000 in a month.

MobiKwik E-KYC

For e-KYC, after completing Min-KYC, a user requires to have his data authenticated. For e-KYC follow the measures below.

  • Select ‘Through Aadhar Website’ under Complete your KYC section
  • Enter your Aadhar Number and security code to get an OTP
  • Enter the OTP and download your E-Aadhar card
  • Through your registered phoned number and E-Aadhar verify your entered details.
  • Upon completion of the e-KYC, the monthly cap is extended to Rs 1 lac. The customer can do all sorts of purchases under e-KYC including P2P and bank transfers.

MobiKwik Full KYC

A user needs to have all of his Id proofs, such as address proof, PAN card, Aadhar card linked to his/her wallet, for full-KYC. After submitting the specifics the individual can choose to:

Agent visit at your doorstep: MobiKwik agent will schedule a visit at your doorstep for your KYC. Submit the documents needed i.e. proof of identity to him, get your biometrics done. This can take a maximum of 7 working days.
Visit the nearest KYC center: To get your complete KYC done, you can also visit the nearest KYC center.

The cap is 1 lac per month for full -KYC users, and P2P and bank transfers are also enabled. With the development of banking structures and technologies, the customer would also be able to transfer money from one wallet to another. This will only be enabled for full-KYC users.

Note: If you choose for full KYC, you can get it done directly, after finishing your min-KYC. You can always go for the alternative min-KYC, but we highly suggest that you do your KYC to experience uninterrupted facilities and ease of usage.

Process to upgrade MobiKwik KYC

Upgrade your Mobikwik wallet KYC and get exciting wallet benefits such as Bank to Bank money transfers, Maximum wallet limit, BHIM UPI. Wallet to bank money transfers. Below mentioned are the steps to upgrade MobiKwik KYC.

  • Open the MobiKwik App and login to your account with your Id and Password.
  • Select the "Wallet Option" located on the bottom right corner of the app.
  • On the next screen tap on the "Upgrade Now" option.
  • Now select any of the below-given options:
  1. Visit nearest KYC center (Recommend as it is the fastest way to update KYC),
  2. Or Agent visit at your doorstep (It can take 7 working day & your area may not be in service range)
  • In case you choose "Nearest KYC center" you have to visit your nearest KYC center with your PAN and Aadhaar details.
  • In case you choose the "Agent visit at your doorstep" option, you have to enter your address details so that the agent is enabled to visit your doorstep.

Benefits you get after upgrading MobiKwik KYC

There is a range of benefits of updating your Mobikwik wallet including expanded cap as the regular wallet has a monthly limit of just Rs 10,000, a benefit for transferring wallet money to your bank account, and more. 

  • Give a farewell to the monthly wallet cap of Rs.10,000, as you are now updated with a wallet cap of Rs. 1,00000/- monthly & 2,00000 annually.
  • Transfer money from Mobikwik to the bank with a 4% interest.
  • Non KYC users are not valid to transfer money to other MobiKwik customers or to their existing bank account.   

MobiKwik Prepaid Recharge

Smartphones are an essential part of everyday life, so making a mobile recharge helps us to maintain hassle-free phone calls. Online recharge provides you the flexibility to recharge your mobile phone number at any time and from anywhere-whether from home, office, restaurant or weekend break, all you need is stable internet access. MobiKwik is the best platform to initiate easy and secure online prepaid recharge.

Using MobiKwik, you can now complete your online prepaid recharge and bill payments for any number, for your family members and friends. With MobiKwik online recharge platform you will get tons of payment options such as Net Banking, Debit Card, Credit Card, Visa or Mastercard and MobiKwik wallet. HDFC, SBI, CITI & ICICI banks and a plethora of other banks easily support online recharge via net banking facility. MobiKwik is India's leading platform for easy online recharges such as Airtel Recharge, BSNL Recharge, Idea Recharge, Jio Recharge, MTNL Recharge, Tata Docomo Recharge, Tata Indicom Recharge, Vodafone Recharge etc. 

Why prefer MobiKwik for Prepaid Recharge?

MobiKwik recharge platform is free to use and doesn’t charge you for making online recharges. With its fast online recharge service, it saves your time, and effort to go physically to make recharge. MobiKwik wallet can be used through a broad variety of payment services, like bill payments, online prepaid mobile recharges, booking cabs, grocery payments, booking tickets, utility bill payments and also payments at online or offline retail outlets.

With its recharges, bill payments, online transactions and payments MobiKwik tackles the digital gap between customers and businesses. MobiKwik is the leading integrated online financial services provider with advanced product and retailer development flexibility in India. 

Process to make prepaid recharge on MobiKwik

  • Open the MobiKwik app and go to the ‘Recharge & Bill Pay’ section.
  • Now under the ‘Prepaid Recharge Online’ menu, enter your mobile number, select your operator, select your circle and enter the recharge amount or else you can also select from the online recharge plans.
  • Now enter your mobile number again and enter the received OTP
  • Complete the payment and you are done.

Airtel Prepaid Mobile Recharge on MobiKwik

MobiKwik is the leading platform for Airtel Recharge, for making online Airtel online recharges MobiKwik doesn’t charge you any cost. By its free mobile recharge facility, it offers you to save your time and money. The below are the reasons why MobiKwik is the best online recharge portal for Airtel prepaid:

Free recharge service 

With Mobikwik’s free recharge service for Airtel online recharge. Customers do not need to pay any extra or hidden charges to make recharge for his/her Airtel mobile number using MobiKwik.

Secure and seamless Airtel Recharge

Airtel prepaid recharges are reliable and flawless at MobiKwik. While using MobiKwik there's no risk of unauthorized or unsafe payments. 

Instant Recharge

Airtel mobile recharges can be done instantly with some easy steps via MobiKWIK. A hassle-free recharge procedure helps you to make your Airtel recharge done instantly.

Save Money

MobiKwik provides valuable online recharges deals, SuperCash and Cashbacks on Airtel. While spending on Airtel online recharge MobiKwik enables you to save money for your transactions.

Multiple recharge option

By using MobiKwik website on your laptops or MobiKwik mobile application you can initiate online airtel recharge on the go.

One-stop app for all Airtel Prepaid Recharge Plans

MobiKwik is your one stop platform to complete your Airtel Online Recharge. You will get a number of plans at Mobikwik such as Airtel Full Talktime Plans, Airtel 4 G Plans, Airtel Special Offer Plans, Airtel Topup Plans, and more. Select the appropriate recharge plan and pay for it. MobiKwik serves as a gateway between users and Airtel, providing fast, cost-free Airtel mobile recharges. As a MobiKwik user, you can experience outstanding experience such as SuperCash, cash back, etc for Airtel online recharge. The MobiKwik app also provides for loved ones with fast and simple Airtel mobile recharge. Airtel 's entire online prepaid recharges method via MobiKwik is very easy and convenient. MobiKwik is perhaps the perfect platform for undertaking airtel prepaid online recharges, Airtel 3 G recharges, wireless internet, cable and so on. 

Process to Recharge Airtel Prepaid Mobile via MobiKwik

With MobiKwik, it's too simple to get through with your online Airtel recharges like prepaid Airtel recharges and post - paid airtel recharges as well as bill payments for your Airtel number. You can also use MobiKwik digital wallet and digital cash to do your online Airtel recharges. To make your Airtel recharge successful, follow the below-given simple steps.

  • Open the MobiKwik app and go to the recharge section.
  • Enter the Airtel number you want to recharge online for.
  • Now tap on prepaid/ postpaid option and select ‘Airtel mobile operator’
  • Now select your circle (area) and enter the recharge amount or select from the online recharge plans.
  • Now enter your mobile number again and enter the received OTP.
  • Confirm the payment and proceed to the transaction

MobiKwik Supercash

SuperCash is a method to ensure that every transaction gets you a discount.SuperCash functions just like the cashback, the only difference is that you will get a 5% discount per transaction. Supercash has the rule of a 5% discount on the transaction for all the users. No eligibility or criteria like "existing customers only" is required to avail MobiKwik Supercash facility. The discount can be availed by making a transaction on local shops, top brands, mobile recharge, bill payments, etc. Utilizing the Supercash is now more optimized to boost your experience. 

Where to use MobiKwik Supercash?

You can use the Supercash across all the categories as listed on the MobiKwik app. By spending a minimum of Rs 1000 on each transaction you will get a 5% discount. You can pay your bills on platforms like ICICI Prudential, Tikona, PSPCL, DGVCL, and much more. For paying bills and insurance premiums a minimum transaction amount of Rs 500 is required for which 5% of the transaction amount will be used from your Supercash balance. 

Up to Rs 200, SuperCash can be used in one transaction in the Recharge & Bill Payments category (Max Rs 35 per month for utility bill payment, Rs 50 per month for DTH recharge, Rs 50 per month for mobile prepaid recharge, and Rs 50 per month for postpaid recharge). Apart from this, you can also use 5% Supercash for your OLA Rides and 10% Supercash for booking a bus ticket. And also 5% Supercash can be used for purchasing MobiKwik Gift Cards. The payment screen displays the total amount of SuperCash that can be charged on a Gift Card. 

If you have completed KYC with OTP verification (eKYC) you can use SuperCash in 5 transactions per day and 100 transactions (to a maximum of Rs 1000 SuperCash) within a calendar month. Customers who have provided information without an OTP verification (minimum KYC) can use up to Rs 100 SuperCash and customers can use Rs 50 SuperCash in a calendar month without any kind of KYC. Users can not utilize Super Cash in a particular category more than once in a day (such as prepaid mobile recharge, postpaid mobile recharge, DTH payment, water bills, etc.). For example, if you used SuperCash on prepaid or postpaid mobile bill payment today, you won't be able to utilize again for mobile bill payment on the same day, but you can still use SuperCash on the same day on DTH recharge or electricity payment.

Users may, however, use SuperCash 3 times per day on online and offline merchant stores such as (Grofers, Fuel Stations, Myntra, Amazon, Flipkart, IRCTC, and much more). For more information, you can also go to the T&C page of MobiKwik Supercash. Payments via MobiKwik Visa Exclusive are currently not available as an option for the usage of SuperCash for credit card bill payment. For a purchase where Free Money or Bajaj Insta Credit Money is being used, the utilization of SuperCash is restricted.  

No minimum transaction limit is required for categories like Recharge & Bill Payments (such as mobile prepaid, mobile post-paid, DTH recharge, water bill, etc.). The minimum transaction limit for using SuperCash on leading brands and on local shops are based on the specific offer on the category. Supercash is customized to bolster the experience of earning and using the supercash of your wallet. Once you have accumulated enough Supercash balance you can use it to gain amazing benefits and rewards. The accumulated reward balance has no expiry date, that means you can your supercash balance for the lifetime. Along with this, you can use the supercash balance for all your transactions via Mobikwik but you can't transfer the supercash balance to another wallet or bank account. 

To keep your SuperCash balance from expiring you must make at least 1 MobiKwik payment within 3 months. To check the total amount of SuperCash in your wallet, just click on the drop-down button under the wallet balance on the home screen. And you can check the validity of the collected SuperCash by simply clicking on the statement.
 

 

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