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MobiKwik launches RuPay Card. Here’s what you need to know
Mobikwik said in a statement on Friday that the MobiKwik RuPay Prepaid Card will be free of charge to customers and purely digital.
Mobikwik has collaborated with the National Payments Corporation of India (NPCI) and Axis Bank to launch MobiKwik RuPay Prepaid Card, which the mobile wallet company says can be used with more than 41 million merchants across 190 countries.
“The MobiKwik RuPay Prepaid Card strongly reaffirms our commitment for financial inclusion in India. We are diligently working towards bringing innovative products which will deliver pay later experience to our customers,” Upasana Taku, MobiKwik’s co-founder and COO, said.
Mobikwik said in a statement on Friday that the MobiKwik RuPay Prepaid Card will be free of charge to customers and purely digital “keeping in line with the growing demand for digital payments across online and brick and mortar stores.”
“The integration of the card with MobiKwik wallet will allow MobiKwik customers to use the card and wallet balance at over 41 million merchants across 190 countries, in addition to the MobiKwik merchant network,” it also said.
The company added that customers can now get up to ₹2 lakh of their MobiKwik wallet balance mirrored on the MobiKwik RuPay Prepaid Card.
MobiKwik RuPay Prepaid Card users will automatically qualify for MobiKwik Zip, which provides up to ₹30,000 credit in their wallet. They can also save extra on each card purchase by benefiting from both RuPay card offers and MobiKwik SuperCash.
Among the key features of the MobiKwik RuPay card are no activation fees, up to 50 per cent discount on Home Centre and up to 30 per cent discount on Uber bookings when signing up. There will also be personal accident insurance (accidental death or permanent total disability) of up to ₹2 lakh as well as MobiKwik SuperCash on card purchases.
“We are committed to meeting the unique needs of our customers through technology-led financial solutions. The MobiKwik RuPay Card is suitable for young Indians who are looking for cashless, secure, and innovative payment options,” Rajiv Anand, deputy managing director of Axis Bank, said.
Arif Khan, NPCI’s chief digital officer, said, “This card is curated keeping in mind the growing digital needs of today’s users. We are confident of enhancing the value of digital transactions by taking this card to the people of India.”
