What is Mobikwik Wallet and How does it works?


Mobikwik wallet is a prepaid digital wallet which is approved by RBI [ Reserve Bank of India]. To understand better about M-wallet suppose you are transferring your money from one wallet to another. In this case it happens to be transferring money from your Bank account to Mobikwik wallet.

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What Mobikwik Does with Wallet Money?

Basically Mobikwik stores your money in a virtual wallet whose data is stored somewhere in Cloud which can be accessed only by your Mobikwik username and password. 

With M-Wallet, Mobikwik aims to simplify the way we do online payment in India.

5 seconds instant payment with Mobikwik wallet

Once you have loaded money/cash in Mobikwik Wallet through Debit card/Credit Card/Netbanking/ IMPS or Cash in hand [Door-step cash, which is as of now only supported/available in Delhi NCR]

You need not to worry about entering your Debit/Credit number, CVV number, Expiry Date and ATM PIN/3-D digital Secure or OTP to make payment using Mobikwik Wallet to mobikwik partner websites.

Why Should you use Mobikwik Wallet?

Most of the time where paytm struggles to fetch the mobile operator and all of its e-commerce content. Mobikwik done recharging mobile in just 5 seconds even on 2G network.

Mobikwik has partnered with various online shopping websites like ebay, myntra, shopcules and infibeam, Book Movie tickets, Book Bus tickets, Order and pay pizza using wallet which is fast, reliable and secure. Mobikwik runs various offers like cashback/coupons/promocode on using one of its partner website. Like 25% cashback on booking movie tickets to your wallet.

Using Mobikwik wallet, not only secure your mode of payment but also you don’t need to share your credit card/debit card details to merchant from where your making purchase. It is a one-click payment solution for almost all of your online transaction.

How to pay using Mobikwik in Big Bazaar?

Mobikwik recently partnered with Big Bazaar. Now you don’t to worry about carrying your physical wallet everytime when you go shopping in Big Bazaar. So, the big question is “How to pay in Big Bazaar using Mobikwik wallet”

  • Tell the person at the counter that you want to pay using Mobikwik.
  • Share your registered Mobikwik Mobile Number at the cash counter.
  • You’ll get an OTP [One time password] message in your mobile.
  • Share the OTP code at the counter.
  • That’s it, You have successfully paid using your mobikwik wallet at Big Bazaar.

Remember, you need to have sufficient cash loaded to your mobikwik wallet before you can make a purchase using Mobikwik at Big Bazaar. The maximum limit of money you can add to mobikwik wallet is Rs.50,000 as per Reserve Bank regulations.

One comment

  1. What is the commission mobikwik will take from the mobikwik users? Once the money is transferred what is the control of users on such money? Is there any way for the mobikwik to get away with the money?

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