Credit card payment for Visa card holders by Mobikwik

On-the-go payment service for credit card holders

Mobikwik mobile phone-based payment system company launched a new service to provide customers for bill payments of there credit card. While as a start of the service Mobikwik will facilitate the Visa credit card holder but the company assured the service will be available for other credit card holder soon.

Upasana Taku, co-founder at MobiKwik said, "Credit card payments offer a huge opportunity and we are targeting capturing a market share of 3-5% of the credit card spend market, which translates to ₹1,200- 2,000-crore opportunity, by the end of the current fiscal year."

Speaking on the announcement, Ms. said, "We are committed to innovation and addressing all kinds of use cases, so as to enable an increasing number of users to adopt digital payments. Over the past few years, we have launched a wide range of products and services which are unique, convenient and very relevant to the Indian consumer. Our on-the-go credit card payment service will be extremely convenient for today's users who can now clear their credit card bills quickly via the MobiKwik app, without any need to visit the websites of banks or credit card companies. Credit card payments offer a huge opportunity and we are targeting capturing a market share of 3-5% of the credit card spend market, which translates to ₹1,200- 2,000-crore opportunity, by the end of the current fiscal year. We are starting this category with Visa as our partner and will be extending this to other credit card brands in the times to come