MobiKwik eyes higher share of wallet in vibrant Travel space

MobiKwik, one of the largest mobile wallets and the largest Buy Now Pay Later (BNPL) FinTech company in India, has announced a collaboration with renowned partners in the travel, tourism, and aviation industry for a seamless and convenient payment experience for travelers.

Users will be able to book travel via air, train, bus, road and their stay at hotels using MobiKwik wallet in just a few simple steps.

 In addition, users will be able to leverage the benefits of Buy Now Pay Later (BNPL) service MobiKwik Zip and cashback offers.

The company has partnered with renowned merchants such as Vistara, SpiceJet, and Indigo in the airline, online travel aggregators such as ixigo, MakeMyTrip, Goibibo, EaseMyTrip, Yatra, AbhiBus, Zing Bus, and car rental agencies such as Savaari, Drive U, Rapido, Blusmart, and Meru Cabs for a well-rounded experience to its users.

Commenting on the announcement, Chandan Joshi, Co-founder, and CEO, Consumer Payments, MobiKwik said, “Digital wallets have emerged as the preferred mode of payment for online transactions. Consumers today are looking for convenience, speed of execution coupled with value-added benefits while making online purchases.”

He added, “At MobiKwik, we understand the consumers’ preferences and pain points in their daily life payments – grocery, shopping, travel, insurance, etc. By collaborating with leading airlines and travel aggregators, we take one step closer to our mission of delivering seamless customer experience and becoming the Digital Bank for 500 million digitally savvy Indians.”

Speaking on the partnership, Deepak Rajawat, Chief Commercial Officer, Vistara said, “The customer expectations over the years have changed, they now expect quick flight options available on their mobile screens to instantly pay and fly.”

He added, “MobiKwik is making all this possible for new-age travelers by offering seamless payment options.This is an exciting time for the travel enthusiasts since vacation time is around the horizon, we couldn’t be more excited about this collaboration with MobiKwik to offer nothing but the best to the customers.”

Echoing similar sentiments, Nitin Gurha, VP, Business & Partnerships, ixigo said, “The pandemic has changed payment preferences of consumers, especially for Gen Z and millennial travelers who prefer digital wallets and other fast payment methods while purchasing tickets.”

He went on to say, “Together with our strategic partnership with MobiKwik, we are offering fast and convenient payment options, as well as enticing travel deals and cashback, offers to all our existing and new users. Our collaboration will help ixigoers get the best value for their time and money.”

Using the MobiKwik wallet, customers who make travel-related reservations for the upcoming summer vacations or long weekends will be able to enjoy a range of benefits including cashback.

About MobiKwik

MobiKwik is one of the largest Mobile Wallet and Buy Now Pay Later (BNPL) Fintech companies in India. Founded in 2009, it commenced operations as a Mobile Wallet and has since expanded its product offerings to Buy Now Pay Later, Payment Gateway, Wealthtech & Insurtech. Its tech platform has over 120 million Registered Users, 25.3 million pre-approved BNPL users, and more than 3.4 million merchant partners.

The company launched MobiKwik Zip, its flagship BNPL product in 2019 to provide the fast-growing digitally paying Indians with their first credit experience. The company believes that BNPL for daily life payments is the only way to deliver financial freedom to millions of Indians.

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