Indian digital payments firm MobiKwik has filed for an initial public offering (IPO) worth up to 7 billion rupees ($84 million). This move comes after the company’s previous attempt in 2021 was postponed due to the lackluster market debut of its larger rival, Paytm, Reuters reported Friday (Jan. 5). MobiKwik had initially filed for...
Multi-faceted payments platform MobiKwik has named banking veteran Mukul Saxena chief executive of its Zaakpay business. Saxena previously, according to the announcement, was executive Vice President and head of the payments business at IndusInd Bank. Zaakpay is part of an expansion at MobiKwik that has...
Indian digital wallet and payments startup MobiKwik now has the blessing of markets regulator Securities and Exchange Board of India (Sebi) for an initial public offering. The company plans to raise up to Rs 1,900 crore ($252,000) through the effort, according to a Business Standard...
In today’s top payments news around the world, One MobiKwik Systems Pvt is said to be getting close to an initial public offering (IPO) in Mumbai, India, while SoftBank Group is reportedly in talks to back API Holdings. Plus, the OECD says the post-pandemic recovery has...
July 13, 2017
Over the last 18 months, India has moved full-speed ahead from a nearly entirely cash-based society to one with ambitions of being totally cashless. The most public — and most famous — step in that direction is demonetization in India, when last November the central government suddenly and rapidly banned 500- and 1,000-rupee Indian notes. Thus, in […]
August 05, 2024
The Reserve Bank of India’s (RBI’s) offer to allow payment firms to enable eRupee transactions via their platforms has reportedly been taken up by five such firms. Google Pay, Walmart-backed PhonePe, Amazon Pay, Cred and Mobikwik have applied to join the Indian central bank’s digital currency pilot, Reuters reported Monday (Aug. 5), citing unnamed sources. The companies declined to comment, according to […]
January 05, 2024
Indian digital payments firm MobiKwik has filed for an initial public offering (IPO) worth up to 7 billion rupees ($84 million). This move comes after the company’s previous attempt in 2021 was postponed due...
September 18, 2022
Multi-faceted payments platform MobiKwik has named banking veteran Mukul Saxena chief executive of its Zaakpay business. Saxena previously, according to the announcement, was executive Vice President and head of the...
October 11, 2021
Indian digital wallet and payments startup MobiKwik now has the blessing of markets regulator Securities and Exchange Board of India (Sebi) for an initial public offering. The company plans to...
