Mobikwik has launched its new e₹ (e-Rupee) wallet, which is based on Central Bank Digital Currency (CBDC). This wallet has been developed in partnership with Reserve Bank of India (RBI) and Yes Bank. Mobikwik has become the first digital wallet that has brought the full version of e₹. This service is now available to all Android users of Mobikwik.
Special features of e₹ Wallet:
- Full Interoperability: Mobikwik users can now make payments by scanning any UPI QR code.
- Daily Limit: Up to ₹50,000 can be transacted every day through the wallet.
- Price Varg (Denomination): ₹100, ₹200 and ₹500 e-rupees are available now.
- Video KYC Required: New users will have to complete video KYC to open e-rupee wallet.
July-September 2024 Financial Results:
Loss: The company suffered a loss of ₹3.59 crore, while in the same quarter of the previous year there was a profit of ₹6 crore.
Revenue Growth: Total income increased to ₹294 crore, which was ₹207 crore last year.
Mobikwik Share Status:
Mobikwik shares closed at ₹415 on Tuesday, which is a growth of 3.92% compared to a day earlier. During trading, it went up to ₹437.40.
UPI Payment Facility:
Mobikwik wallet is now compatible with UPI QR codes, which supports seamless Peer-to-Peer (P2P) and Peer-to-Merchant (P2M) transactions.