Once the wallet is activated, users can scan and pay merchants via the in-app MobiKwik QR scanner, make payments to online merchants by entering their unique MobiKwik wallet UPIs as a payment option.
MobiKwik, a digital banking platform, announced the launch of MobiKwik Wallet UPI. This feature will allow MobiKwik users to make one-click UPI payments without the need for a PIN, MobiKwik said in a statement. This new feature works even when the user’s banking server is down, allowing them to transact easily, the banking platform said.
To enable the feature, users can load their MobiKwik wallet using any credit card, debit card or bank UPI. The new MobiKwik Wallet UPI supports all banks in India and supports all credit card networks such as Visa, MasterCard, Diners, Amex and Rupay. MobiKwik Wallet UPI offers benefits including a transaction limit of up to Rs 1 lakh and a maximum balance limit of up to Rs 2 lakh.
How to get started on MobiKwik Wallet UPI?
Current MobiKwik Wallet users are automatically eligible to use this feature. To initiate transactions on the MobiKwik wallet, users must first create their unique wallet UPI identifiers XXXXX@mbk.