(i) They are a fintech company - one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (“BNPL”) players in India, based on mobile wallet gross merchandise value (“GMV”) and BNPL GMV, respectively, in Fiscal 2021. According to the RedSeer Report, India’s online transacting users have rapidly grown at a CAGR of approximately 15% from 180 million in Fiscal 2018 to over 250 million in Fiscal 2021.

(ii) However, India had only 30-35 million unique credit card users resulting in a low credit card penetration of 3.5% compared to the world’s major economies, as of March 31, 2021. They are focused on addressing the unmet credit needs of these fast-growing online transactors by combining the convenience of everyday mobile payments with the benefits of Buy Now Pay Later (BNPL).

(iii) They are a technology-first company operating in payments and financial services. They leverage big data analytics and deep data science (including machine learning) to continuously delight users and merchants on their platform.

(iv) They commenced operations in 2009 with the MobiKwik Wallet so that users could load money into a mobile wallet and use it to pay their utility bills in a single click. Over the years, their mobile wallet use cases have expanded to include, among others, e-commerce shopping, food delivery, petrol pumps, large retail chains, and pharmacies.

(v) Their large merchant network includes websites and mobile apps, where the MobiKwik Wallet is a payment option in the checkout as well as physical retail stores, where the MobiKwik Wallet is a QR code payment option at the point-of-sale (“POS”)/ cashier.

(vi) Their platform also enables peer-to-peer payments via a unified payment interface (“UPI”), MobiKwik Wallet as well as MobiKwik Wallet to bank payments. As of March 31, 2021, the Company had over 101.37 million Registered Users and more than 3.44 million e-commerce, physical retail, and biller partners.

(vii) In order to further enhance their value proposition to their online merchants, they introduced their payment gateway, Zaakpay, in 2012. Zaakpay enables online websites and mobile apps to collect payments from their users using multiple payment options, including debit and credit cards, mobile wallets, UPI, and net banking.

Mobikwik Unlisted Shares Price

Currently, Mobikwik Unlisted Shares Price is ₹375/share. Note: Check the Latest Mobikwik Unlisted Shares Price at UnlisteZone Android or iOS Mobile App.