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MobiKwik, a mobile wallet app in India that has expanded to add several financial services in recent years, said today it plans to enter international markets as it approaches profitability with the local operation. The company is kick-starting its overseas ambitions with cross-border mobile top-ups support.
The 10-year-old firm said it has partnered with DT One, a Singapore-headquartered payments network, to enable international mobile recharge (topping up credit to a mobile account), rewards, and airtime credit services in over 150 nations across some 550 mobile operators. The feature is now live on the app.
Feature - Indians - Immigrants - India - Upasana
The feature is aimed at Indians living overseas and immigrants in India, Upasana Taku, co-founder of MobiKwik told TechCrunch in an interview. Millions of Indians go overseas to pursue education or look for a job. Currently, there is no convenient way for them to either help — or receive help from — their families and friends in India when they need to top up their phones.
Similarly, millions of people come to India in search for a job. The new functionality from MobiKwik will allow their families and friends to top...
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