Note ban boosts merchants on MobiKwik by 1,000% to 1 mn

Digital payments company MobiKwik on Thursday said that it has touched 1 million merchants (shopkeepers) on its payment network. MobiKwik said it has reached “the milestone of 1 million merchants on its payment network, registering 1,000 per cent growth since November.” 

Post-demonetisation, MobiKwik has strengthened its offline staff to 10,000, to train and activate merchants across cities, the release added. The company said that in the last 50 days, it has taken several initiatives to promote the adoption of its mobile wallet among merchants -- both organised and unorganised. 

Earlier this month, the firm announced a tie-up with dairy cooperative Amul to enable the latter’s customers make cashless payments with mobile wallet at Amul’s exclusive and multi brand outlets.