wordpress blog stats
Connect with us

Hi, what are you looking for?

Two days after launch, Mobikwik changes how its lite application works

Yesterday morning, a source informed us that the Mobikwik Lite application stopped allowing users to accept money: After you entered the customers mobile number, to solicit payment, a user got the message that said: "Transaction Status; This feature is currently disabled"(screenshot). We checked and this was true. This had been a key feature of the rollout of the Mobikwik Lite service, as had withdrawal options: the company had integrated other wallets (Payzapp, Oxigen and Pockets), as well as as the Unified Payments Interface (UPI). It used Mobikwik's payment gateway Zaakpay to accept payments. When a merchant received money from someone, they would get a link, which has all the options for withdrawal, including, according to Upasana Taku, co-founder of Mobikwik, then, the option to withdraw to other wallets. On being contacted, Taku asked us to download the application again (the auto-updates, we found out, were not enabled for the version of the application available when the press conference was held), because the changes were reflected in the new application. The updated application works differently We noticed a couple of changes from what was announced on the 28th: The updated application uses only the Mobikwik Wallet for person-to-person payments. Non-merchants cannot accept card payments, and there's a tab which is meant only for card payments, and available only to registered merchants. The user was supposed to be given alternative options for withdrawal, and not just the Mobikwik wallet. There is now a clear distinction between Merchants and non-Merchants: If you want to accept card payments, you'll need to…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ