Mobikwik: From Startup to Digital Payment Pioneer

Imagine a world where paying bills, recharging mobile phones, or even booking a ticket required standing in long queues, dealing with cumbersome processes, and handling cash. This was the reality for many Indians before the advent of digital payment solutions. In 2009, a vision to simplify these everyday financial transactions sparked the inception of MobiKwik (One MobiKwik Systems Limited), a platform that would revolutionize online payments in India. 

As per Pwc report, UPI accounted for more than 75% of the total transaction volume of India’s retail digital payments in February 2023. In the first quarter of FY25, transaction value reached Rs. 60 trillion (US$ 718.30 billion). 

Now these digital transactions span from your bank cards, ATMs, mobile and Internet banking to digital wallets and UPI. The rise of digital wallets and UPI took our digital transaction game to a whole new level.