Mo­biKwik to in­vest over 50 crore for busi­ness growth

Voice&Data - - APP ALERT -

One of the In­dian mo­bile wal­lets ma­jor, Mo­biKwik has an­nounced the com­pany’s ex­pan­sion strat­egy and plans for grow­ing busi­ness to en­able 150 mil­lion users in In­dia in trans­act­ing with Mo­biKwik plat­form by early 2018.

The com­pany has an­nounced that it will set up of­fices in 13 cities by the end of Q1 2017 and hire over 1000 em­ploy­ees to drive busi­ness growth in th­ese cen­ters. The cities in which Mo­biKwik will be ex­pand­ing its foot­prints are Mumbai, Pune, Ban­ga­lore, Kolkata, Hy­der­abad, Chennai, Ahmed­abad, NOIDA, Luc­know, Vi­jayawada, Kochi, Jaipur and Chandi­garh.

Mo­biKwik has been on a re­mark­able growth tra­jec­tory since Novem­ber 2017. The com­pany has added 9 lakh mer­chants and 1 crore users within the past 2 months. Mo­biKwik also re­ceived the li­cense for Bharat Bill Pay­ment Sys­tem re­cently that en­ables the com­pany to be­come a one stop for pan In­dia util­ity and con­ve­nience bill pay­ments, across sec­tors. Mo­biKwik has a net­work of over 10 lakh mer­chants and 45 mil­lion users.

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