Mobile wallet companies register manifold increase in transactions

With serpentine queues outside ATMs continuing to hassle cash-strapped public, mobile walletcompanies are rolling out offers to woo customers to move to their digital payment platforms.    Financial Astrology



MobiKwik has announced that its users will be able to transfer money instantly to any bank account at zero per cent fee.

The move, Mobikwik believes, will encourage retailers, shopkeepers and users to use mobile wallet and overcome the challenges that they are facing in procuring and using cash.         Astrology and Numerology Trading Tips   




"We support Indian government's bold currency reform, that is a long-term move to eliminate black money and corruption in India. However, masses are facing issues in procuring and transacting in cash. To help them overcome this challenge, we have announced zero per cent fee on bank transfers," Mobikwik co-founder Bipin Preet Singh said.     Stock Market Astrology



Earlier, transferring money from a mobile wallet to the bank would see a levy of 4 per cent fee for a non-KYC user and one per cent for a KYC user.

Mobikwik said it has registered 18-fold growth in transactions since the announcement of demonetisation that saw old Rs 500 and Rs 1,000 notes ceasing to be legal tender.     Intraday Trading Tips