MobiKwik launches UPI on its platform; Offers its own VPA handle ‘@ikwik’

MobiKwik has announced the launch of Unified Payments Interface (UPI) on its platform via its own VPA (Virtual payment address) handle @ikwik.
MobiKwik claims to be the first in the industry to offer UPI access to a huge base of 3 million merchants on its app. It is also amongst the first few in the industry to offer Bharat QR, UPI QR and intent functionality for merchant payments.
Additionally, all the MobiKwik users will be able to do P2P bank transfers using UPI.
MobiKwik’s users can, by default, use their mobile number as their own VPA which will be ‘@ikwik’. They will also be able to link multiple bank accounts with just one VPA and users can change primary account as per their requirements. Users can simply scan and generate UPI QR functionality to send and receive money using VPA and phone number from the contact list.
If the receiver is also registered in Mobikwik UPI ecosystem, sender can send money by selecting his contact from phone book without remembering VPA domain. It will also be possible for the users to request money using UPI on the MobiKwik app.


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