Monday July 22, 2019
Home Business Domestic Mobi...

Domestic Mobile Wallet Platform MobiKwik to Enable Utility Bill Payments across India

The company has got an in-principle approval from the Reserve Bank of India (RBI) to set up a Bharat Bill Payments Operating Unit

0
//
Mobiwik to make digital payments easier
Mobiwik Logo. Wikimedia

New Delhi, December 28, 2016: Domestic mobile wallet platform MobiKwik on Wednesday announced that its users will now be able to pay their utility and convenience bills using the wallet across India.

NewsGram brings to you latest new stories in India.

The company has got an in-principle approval from the Reserve (RBI) to set up a Bharat Bill Payments Operating Unit (BBPOU).

“We are determined to serve the country with digital payments and enable Indians from rural or urban areas in making seamless and secure payments from their mobile phones,” said Bipin Preet Singh, co-founder of MobiKwik, in a statement.

Go to NewsGram and check out news related to political current issues

MobiKwik will be integrated in Bharat Bill Payment System (BBPS), a bill payment system by the National Payments Corporation of (NPCI), offering interoperable and accessible bill payment service to customers through a network of agents.

Look for latest news from India in NewsGram.

“BBPS will facilitate a less cash society through migration of bill payments from cash to electronic channel,” Singh added. (IANS)

Next Story

Flipkart Revamps its Seller Onboarding Process to Help MSMEs: Report

These regional teams, based in cities such as Lucknow, Coimbatore and Jaipur, cater to sellers in over 4,30 pin codes

0

Flipkart on Monday announced it has revamped its seller onboarding process to ease the first-time e-commerce experience for medium and small businesses (MSMEs).

The e-tailer has also stationed 13 regional teams across the country to help onboard sellers in person, by meeting with them at their premises.

These changes to the onboarding process will make it easier for small sellers, who may not have prior digital expertise, to list their products on the platform and access Flipkart’s pan-India base of over 150 million customers.

“By revamping our onboarding process and simplifying the number of steps, we are making it easier for any seller, no matter the size, to list on our platform and get started from day one,” said Nishant Gupta, Head of Flipkart’s Marketplace business.

Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. 

Currently, e-commerce accounts for less than three per cent of India’s overall retail industry. Government estimates suggest there are roughly 60 million MSMEs in India, many of whom are restricted to their local markets due to difficulties in accessing resources.

Flipkart has also added regional teams in various Tier II and beyond cities to help sellers sign onto the platform.

Also Read: Redmi Teases First 64MP Smartphone with Camera Sample

These regional teams, based in cities such as Lucknow, Coimbatore and Jaipur, cater to sellers in over 4,30 pin codes.

“As a home-grown company, we know that the future of e-commerce lies in bringing more MSMEs and smaller businesses online which, in turn, will generate employment and investment, and will meaningfully contribute toward the country’s socio-economic development,” added Gupta. (IANS)