What is "mobikwik"

MobiKwik is a mobile wallet and online payment system where a user can store money to make mobile and DTH recharge, pay utility bills and shop using wallet with over 50,000 merchants. The MobiKwik wallet has to be loaded with money once before it can be used across functions. MobiKwik provides users the option to add money using their debit or credit card, net banking, and ‘cash pay’, a doorstep cash collection service. MobiKwik wallet is a semi closed wallet authorized by Reserve Bank of India.