Gurgaon-based mobile wallet company MobiKwik has launched its ‘Cash Pickup’ service for the users to recharge their wallet instantly. The facility which is presently available in Delhi-NCR will soon be available across all major cities in the country.
What is ‘Cash Pickup’ service?
Mobikwik’s ‘Cash Pickup’ service is a facility that will allow users to add cash in their wallet by paying cash to the company’s agent. This will benefit the users who do not have access to any bank accounts, credit cards or debit cards as well.
It is seen that the potential for mobile-based banking services is huge in the country with 70% of users not owing any bank account. Also, of those who do have bank accounts, a majority of them do not use their credit or debit card online or do have not access to internet banking.
Mobikwik has partnered with various ecommerce retailers like Uber, Meru Cabs, Big Bazaar, WHSmith India, Café Coffee Day, Myntra, Jabong, Pepperfry and more to facilitate mobile wallet payments. Through cash pickup the users will be able to recharge wallet from INR 100 to INR 10,000 and will be able to pay for bills, food, travel & cabs, shopping, entertainment etc through the wallet. Though the company is presently witnessing transaction above INR 1000.
How To Use Mobikwik’s ‘Cash Pickup’ service?
In order to use MobiKwik’s doorstep cash pickup service, users need to visit the CashPay tab on the MobiKwik app and click on ‘Request Cash Pickup’ which will activate the nearest MobiKwik agent. (User’s location can be automatically detected by the app.) The agent will initiate the cash transaction and after the OTP is entered into the agent’s app, the wallet gets recharged.