MobiKwik launches one step offline payments with 'Bubble Pin'
Free Current Affairs to Your Email
Posted on:07 Sep 2016 09:40:27
07 September 2016 Current Affairs: 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.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail