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Mobikwik integrates wallet to e-commerce sites

Mobile recharging company Mobikwik has integrated its mobile wallet into e-commerce websites such as eBay and Nykaa, apart from adding cashback for transactions made via its wallet on these sites. We reached out to the company for more details but haven't heard back from them yet. Speaking to Medianama recently, Mobikwik co-founder Bipin Preet Singh said that people are currently using its wallet service mostly for recurring transactions like mobile recharge, bill payments, travel and bus tickets. He said that the company is seeing a growth in transactions made on e-commerce services using Mobikwik wallet. Singh added that recurring transactions are what attracts consumers to wallets. "Those who want to shop are not attracted to a wallet, he has to shop occasionally right, plus e-commerce companies also have wallets now. But when you look at recurring transactions, they go hand-in-hand because our users want that," he said. Singh claims that 500+ merchants including dominos, pizza hut, aircel use its wallet. Not participating in RBI pilot Update: Mobikwik co-founder Bipin Preet Singh has said that the company was not invited for the RBI pilot. In an email sent to Medianama Singh has said that he could have mistakenly told us that Mobikwik was invited to participate in the pilot. Please note, that the statement regarding the pilot was initially made to us on record. Earlier (Jun 4): Singh said that RBI invited Mobikwik to be part of the offline cash-out trial using biometric authentication. RBI had launched this programme targeting wallet service providers…

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