Diabytes
MobiKwik News
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The initial share sale received bids for 2,16,17,852 shares, as against 1,18,71,696 on offer, translating into 1.82 times subscription, as per data available with NSE till 11:40 hours.
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‘Pocket UPI’ accepts card payments from any network, including RuPay, Visa, American Express, and Diners Club.
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Policybazaar could launch its IPO to raise Rs 6,017 crore.
Mobikwik plans to raise Rs Rs 1,900 crore with its initial offer.
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Independent cybersecurity researchers have claimed that a database containing KYC details of nearly 3.5 million users of MobiKwik is up for sale on the Dark Web.
First tweeted by independent cybersecurity researcher Rajshekhar Rajaharia and then by French researcher Elliot Alderson on Monday, the alleged breach includes 8.2TB data containing users’ phone numbers, emails, hashed passwords, addresses, bank accounts, and card details.
Rajaharia had claimed earlier that “11 crore Indian cardholder’s cards’ data including personal details and KYC soft copy (PAN, Aadhaar, etc) allegedly leaked from the company’s server in India”.
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Mobikwik data breach.
KYC details leaked.
Data up for sale on the dark net.
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Charge for inactivity.
Payment to be refunded on reactivation.
7-day notice period.
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Customers will have to fulfill the KYC requirements before remitting money or reloading the wallet.
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The mobile wallet has become the first in the country to sell the phone on its platform.
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MobiKwik expects these value-added services will help break-even in the next 18 to 24 months.
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Mobile wallet companies like Paytm and MobiKwik have also seen manifold growth in transactions as well as new users coming on board.
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The statement said MobiKwik Payment Gateway has already done transactions totalling $1.8 billion this year.
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Users can now pay through MobiKwik's Payment Gateway, while booking their tickets on IRCTC.
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State-run Bharat Sanchar Nigam Ltd (BSNL) on Thursday unveiled its mobile wallet in partnership with MobiKwik to enable one-tap bill payment for its over 100 million subscribers.
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Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is an Indian wallet major with a network of over 15 lakh direct merchants and 55 million plus users.
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Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.
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In order to popularize the internet and its value added services among customers, BSNL has forged agreements with Facebook and Mobikwik.
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Digital wallet company Mobikwik on Thursday said it would stay firm to its three-fold growth projection to USD 10 billion gross merchandise value by the end of 2017 despite the arrival of Aadhaar-based biometric payment system.
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Mobile wallet major MobiKwik on Thursday announced an investment of Rs 300 crore for expansion aimed at growing its user base from current 50 million to 150 million in 2017.
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Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.
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The app is now available in eight languages -- English, Hindi, Gujarati, Bengali, Oria, Punjabi, Tamil and Telugu -- on the app`s lighter variant MobiKwik LITE.
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