In the wake of digital wallets adoption growth in India, Mobikwik has announced that users can now send money to other Mobikwik wallets and bank accounts for free. While transfers to other Mobikwik wallets have always been free, money transfer to bank accounts used to be charged at 4% of the payment fee.
Currently users can send money to any IMPS-enabled bank accounts for free, until December 31. The money transfer will be processed immediately and the transaction amount will be debited off the Mobikwik wallet account and credited to the bank specified immediately, in realtime.
Steps: Download the Mobikwik mobile apps (links at the bottom of this post) and sign up or login. Click the Add Money button and add money to your Mobikwik wallet using credit and debit card payments, internet banking or other available options.
Click the Transfer now button next and initiate a payment to any Mobikwik wallet mobile number or bank account of your choice.
In case the money transfer fails, the money will be refunded back to your Mobikwik wallet. The process happens smooth and enables a cashless payments experience during the times of Rs 500 and Rs 1000 Indian currency notes demonetisation.
Limits on payments: Limits have been imposed on such bank transfers though. Users without their Mobikwik wallet verified with KYC data will be able to send Rs 500. Those with KYC verified will be able to send Rs 5000.
In addition to making transfer payments, Mobikwik wallet enables consumers to make mobile recharges, bill payments, fee payments at various online and offline merchants in India and do a lot more. Notable competitions to Mobikwik wallet include Freecharge and Paytm, which are also aggressively promoting cashless payment experiences throughout their platforms.
Save More Download the Mobikwik mobile apps using the link below and add Rs 50 or more to get Rs 50 cashback added to your Mobikwik wallet. The cashback will be added to your Mobikwik wallet. The Mobikwik wallet money doesn’t expire. You can use the Mobikwik wallet money any time to recharge, make bill payments and shop online on sites like BookMyShow, Jabong, eBay and more.