Mobile wallet firm MobiKwik on Wednesday said its users across the country will be able to pay their utility and convenience bills using the wallet as the company has received an in-principle approval from the RBI to set up a Bharat Bill Payments Operating Unit (BBPOU).
The company will now be integrated in Bharat Bill Payment System (BBPS), a bill payment system by National Payments Corporation of India (NPCI), offering interoperable and accessible bill payment service to customers through a network of agents, MobiKwik said in a release.
It said BBPS is a tiered structure for operating the bill payment system in the country under a single brand, and NPCI will function as the authorized Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business standards, rules and procedures for technical and business requirements for all the participants.
In its initial phase beginning this month, BBPS will cover repetitive payments for everyday utility services such as electricity, water, gas, telephone and Direct-to-Home (DTH), the release added.
“We are determined to serve the entire country with digital payments and enable Indians from rural or urban areas in making seamless and secure payments from their mobile phones,” MobiKwik Cofounder Bipin Preet Singh said.
Founded in 2009, MobiKwik claims to have a network of more than 250,000 direct merchants and 45 million-plus users.
MobiKwik is India’s largest independent mobile payments network connecting 30+ million users with 1,00,000+ retailers. By using the wallet, you can now browse through some of the biggest online, retail and fashion stores without having to repeatedly expose your card details. MobiKwik wallet also offers instant transfer of money to your friends & family with ease.On MobiKwik, users do 25+ payments per second whereas 100+ new users sign-ups per minute. You can use the wallet at top merchants like Big Basket, Book My Show, eBay, Myntra, Grofers, IRCTC, Domino’s Pizza, Shop Clues, OYO Rooms, Lime Tray, Yatra, Via.com, PVR, Zomato, Faasos, Purplle, FirstCry, Hungama, Big Bazaar, Abhi Bus, Groupon, Jabong, Mera Events, Rummy Circle, Ticket New, Fashion & You and more. Using the MobiKwik wallet at various online and offline stores because of its ease and amazing cashbacks/ offers, will make you stop using cash and stick to wallet payments.
Keeping the growth of MobiKwik in mind, we recommend you all to download this app now and start using it because now it’s just a matter of time before which this become a hit soon!