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MobiKwik raises $40 million funding from South Africa’s Net1

Net1, a South African payment systems company, has invested $40 million in mobile wallet MobiKiwk. With this deal, MobiKwik will be integrating Net1's virtual card technology across all its wallets and extend its wallet services to all merchants. The company said that it will be using the funding to scale up in India and grow to a user base above 150…

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