MobiKwik launches one step offline payments with 'Bubble Pin'
Posted on:07 Sep 2016 09:40:27
07 September 2016 Current Affairs GK: Leading fin-tech player in India MobiKwik, is trusted by over 32 million users has launched one-step offline payments with 'Bubble Pin'.
This pin can be generated on the MobiKwik app by clicking on 'Pay at store' and is valid for 60 seconds. To make a payment, all a user needs to do is share this pin with the merchant.
The pin is a combination of numbers and alphabets. Bubble pin also makes the transaction more secure as no phone number is required to be shared. Soon, users can use this functionality in over 25000 offline stores, pan India.
With an aim to make payments with MobiKwik ubiquitous, we are focusing on the expansion of our offline payments network and such initiatives shall help us convert cash users into e-cash users.
With India gradually moving towards a cashless economy, MobiKwik aims to eliminate all possible glitches that may arise in the process of making a digital payment. Bubble Pin is the first step towards enabling users to go completely cashless even at places with sporadic data reception.
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