MobiKwik ties up with vendors’ body for digital transactions
Digital payments company MobiKwik on Thursday announced a tie-up with National Association of Street Vendors of India (NASVI), an organisation representing over 30 lakh street vendors from 25 states across India.
Digital payments company MobiKwik on Thursday announced a tie-up with National Association of Street Vendors of India (NASVI) an organisation representing over 30 lakh street vendors from 25 states across India.
The tie-up is in line to empower more merchants to accept digital payments through the MobiKwik platform.
“We will train 10 lakh street vendors in three months to enable them to transact digitally. MobiKwik payments will soon be accepted by 30 lakh street vendors in 25 states directly,” said Upasana Taku, Co-founder of MobiKwik, in a statement.
According to Arbind Singh, Founder of NASVI, the livelihood of small vendors has been affected to a great extent following the demonetisation. “Due to demonetisation, street vendors all across India have lost 70 percent of their business, affecting them badly. Thus, NASVI has partnered with MobiKwik to provide the solution and make them aware of the cashless economy. The partnership will be a great help to them at this time of cash crunch, as it will allow them to receive payments and keep their businesses going,” Singh told Your Story.
Mobikwik recently launched MobiKwik Lite which allows small and unorganised retailers and shopkeepers accept payments seamlessly. MobiKwik which has less than 1Mb size is available in various Indian languages such as Punjabi, Bengali, Marathi, Tamil etc.
MobiKwik would also be launching a new feature phone for digital payments for online and offline merchants.
Further, the company has also announced initiatives like free bank transfers in the past, and claims to have received a hundredfold increase in overall traffic, along with a 200 percent increase in their app downloads post the demonetisation. At present, the firm claims to stand at over 250,000 direct merchants and more than 40 million users.