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Tag: Mobikwik

  • Mobikwik sees Rs 419 million Q1 loss despite revenue crossing Rs 2,700M

    Mobikwik sees Rs 419 million Q1 loss despite revenue crossing Rs 2,700M

    MUMBAI: Wallet lightens despite wallet biz boom Mobikwik’s Q1 balance isn’t adding up just yet. One Mobikwik Systems posted a consolidated net loss of Rs 419.2 million for the quarter ended 30 June 2025, nearly doubling its loss from the same quarter last year (Rs 66.15 million), despite generating revenues of Rs 2,713.63 million from operations. While revenue held steady quarter-on-quarter, rising marginally from Rs 2,677.84 million in Q4 FY25, expenses continued to outpace topline growth.

    The company’s total income stood at Rs 2,816.16 million in Q1 FY26, including Rs 102.53 million in other income. However, total expenses surged to Rs 3,128.17 million, driven by high payment gateway costs (Rs 1,427.82 million) and financial guarantee expenses (Rs 213.88 million), the latter jumping over 700 per cent from the Rs 25.27 million reported in Q1 FY25. Operational expenses for the lending business also remained significant at Rs 291.82 million.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at a negative Rs 312.01 million, narrowing the loss from Rs 457.61 million in the previous quarter but falling sharply from a positive Rs 22.3 million a year ago.

    Finance costs rose to Rs 78.27 million, while depreciation and amortisation were at Rs 28.57 million for the quarter. Loss before tax stood at Rs 418.85 million.

    MobiKwik’s initial public offering (IPO), completed in December 2024, raised Rs 5,305.17 million (net of expenses). Of this, only Rs 2,140 million has been utilised so far, leaving Rs 3,165.17 million unspent. Key deployment areas included Rs 459.5 million for financial services growth and Rs 699 million for the payments vertical. Investments in R&D (Rs 307.6 million), capex for payment devices (Rs 23.9 million), and general corporate purposes (Rs 650 million) accounted for the rest.

    Employee benefit expenses remained flat at Rs 419.55 million, while other expenses (Rs 775.1 million) included brand, tech, and operational overheads.

    Diluted earnings per share (EPS) stood at negative Rs 5.39, compared to negative Rs 8.88 in Q4 and negative Rs 1.16 in Q1 FY25.

    Mobikwik granted 3,27,688 new stock options in the quarter under its 2014 ESOP plan and saw 4,65,873 options exercised. The company’s paid-up equity share capital rose to Rs 156.38 million post IPO.

    Despite widening losses, the company said it continues to operate as a single segment player across digital financial and payment services, and remains focused on sustainable growth and technology investments. With Rs 1,040.5 million still earmarked for financial services and Rs 762.4 million for R&D, MobiKwik appears to be playing the long game even if short-term results are deep in the red.

  • Mobikwik flips the UPI script with Pocket UPI, ropes in Jaideep Ahlawat for new campaign

    Mobikwik flips the UPI script with Pocket UPI, ropes in Jaideep Ahlawat for new campaign

    MUMBAI: India’s largest digital wallet by transaction value, Mobikwik has kicked off a cheeky new campaign spotlighting its Pocket UPI product — a feature designed to challenge the dominance of traditional bank-linked UPI. The multi-media campaign stars actor Jaideep Ahlawat reprising his no-nonsense cop persona in humorous short films tackling the everyday mess of digital payments.

    In the first instalment, Ahlawat is seen policing cluttered bank statements caused by minor UPI transactions, positioning Pocket UPI as a hassle-free alternative. Unlike conventional UPI, Pocket UPI allows users to transact without linking their bank accounts, helping them avoid transaction-related clutter, track monthly expenses better, and make PIN-less payments — all while lowering fraud risks.

    “Pocket UPI is our latest push to simplify how India pays”, said Mobikwik CMO Jaskaran Singh Kapany. “And who better than Jaideep to bring gravitas and humour to what is essentially a smart tech switch for consumers”.

    The campaign dropped with a teaser on Ahlawat’s Instagram on 16 May, generating celebrity buzz around how his character would solve India’s digital payment headaches. The full film went live today on Mobikwik’s digital channels, with more short films focusing on security, speed, and budgeting tools lined up for release.

    According to the Redseer Report, Mobikwik serves over 176.4 million users and 4.6 million merchants and holds a 23 per cent market share in prepaid instrument (PPI) wallet gross transaction value as of November 2024. The company continues to scale its financial services footprint across credit, insurance, savings, and investments.

    Founded in 2009 by Bipin Preet Singh and Upasana Taku, Mobikwik has consistently positioned itself at the intersection of innovation and financial access. With Pocket UPI, it is now attempting to rewrite the UPI rulebook altogether.

  • Jaskaran Singh Kapany joins MobiKwik as chief marketing officer

    Jaskaran Singh Kapany joins MobiKwik as chief marketing officer

    Mumbai: MobiKwik proudly announces the appointment of Jaskaran Singh Kapany as its new chief marketing officer (CMO). In his new role, Kapany will spearhead strategic growth initiatives, collaborate with exceptional colleagues, and contribute to MobiKwik’s vision of revolutionising digital payments and financial services in India.

    With an impressive track record in marketing leadership roles, Kapany’s expertise will play a pivotal role in furthering MobiKwik’s commitment to transforming the digital finance landscape. His appointment underscores the company’s focus on innovation and customer-centric strategies to strengthen its position as a leader in digital payments. MobiKwik remains dedicated to enhancing financial inclusivity and delivering cutting-edge payment solutions that simplify lives across India.

  • ChanaJor OTT App : A new content app on the block leveraging the power of strategic partnerships

    ChanaJor OTT App : A new content app on the block leveraging the power of strategic partnerships

    Mumbai: ChanaJor OTT, one of the fastest-growing streaming platforms known for its unique and diverse content, being the only Hindi OTT app in the country understands its target audience and the importance of creating sampling avenues.

    An effort to create more destinations offers to attract sampling by subscribers, ChanaJor has been steadily increasing its partnership umbrella. The bouquet consists of collaboration with leading partners like Coupon Dunia, GrabOn, Plutos One, Abhi Bus, Mobikwik, Paytm and many other platforms.

    These offers, available on the mentioned platforms, provides discounts and offerings making it easier than ever for users to explore ChanaJor OTT’s wide range of content, including comedy, drama, romance, and horror, all while saving on their first subscription.

    Being an SVOD platform with a monthly price point of Rs. 59, this limited-time offers allows users to sample and enjoy the content and experience without the hassle of paying a full price. They can renew their subscription then at the ongoing price points.  With genres that appeal to every audience, from Gen Z rom-coms to thrilling horror-comedies, ChanaJor OTT ensures there’s something for everyone.

    When contacted, Mr. Pratap Jain, CEO of ChanaJor mentioned  “India is a price sensitive market and everyone likes trying before buying. This partnerships allows us to create sampling environment. There is a steady growth in people engaging with the platform and the most watched series are the dubbed KDrams, our latest show “Corporate Majboori”, romantic shows are also liked and watched with the average watch time being 13mins which is a remarkable milestone for snackable content platform. We see more people relating to the content from Tier 2 Tier 3 markets. Our approach is going to be to add more newer shows and relatable stories.” 
     

  • MobiKwik’s journey spotted on Bharat FinTech story streaming on Disney+ Hotstar

    MobiKwik’s journey spotted on Bharat FinTech story streaming on Disney+ Hotstar

    Mumbai: MobiKwik, a digital financial services platforms, is to be featured in the “Bharat Fintech Story” documentary series, produced by Edstead. This compelling series, now available for streaming on Disney+ Hotstar, highlights MobiKwik’s transformative impact on India’s financial ecosystem by empowering over 150 million people across the country with digital financial products and services.

    The Bharat Fintech Story is the first-of-its-kind docu-series spotlighting five fintech startups that are revolutionizing financial services in India. Among these trailblazers, MobiKwik’s journey is particularly notable, showcasing its evolution from a one-room home office to becoming the first fintech in India to achieve full-year profitability and now preparing for its debut on the stock exchange.

    The documentary delves into the story of MobiKwik’s founders, Bipin Preet Singh and Upasana Taku, and their mission to simplify digital payments and promote financial inclusion for millions of Indians. Through candid interviews and exclusive behind-the-scenes footage, viewers gain insight into the challenges, achievements, and milestones that have defined MobiKwik’s journey.

    One of the key highlights of the episode is MobiKwik’s relentless pursuit of bridging the digital divide, particularly in Tier 2 and Tier 3 cities. From simplifying everyday transactions, and effectively connecting merchants with users to offering seamless credit options, the docu-series showcases how MobiKwik continues to play a pivotal role in the financial lives of millions.

    “MobiKwik’s inclusion in this series is a testament to our commitment to driving financial inclusion and empowering every Indian with digital financial services,” said MobiKwik  co-founder and CFO Upasana Taku. “We are honored to share our story on such a prestigious platform and hope it inspires more entrepreneurs to create meaningful change in the world of fintech.”

    The episode also highlights MobiKwik’s diverse range of products, which serve the hinterlands of India, showcasing its impact in reaching and supporting underserved regions.

    The Bharat Fintech Story on Disney+ Hotstar is a must-watch for anyone interested in the dynamic world of fintech and the future of digital financial services in India.

  • MobiKwik partners with Adani One to offer exclusive discounts on travel

    MobiKwik partners with Adani One to offer exclusive discounts on travel

    Mumbai: As the tourism splurge continues beyond New Year, are you looking for the ultimate deal for getaways or to visit loved ones? Look no further! ONE MOBIKWIK SYSTEMS LIMITED (MobiKwik), a fintech company, has partnered with the Adani Group’s travel booking app, Adani One, to offer exclusive deals on flight tickets and duty-free products. Users can now enjoy:

    Instant discount on flight bookings: With the MobiKwik Wallet, you will get a discount of Rs. 500 on flight bookings on Adani One. Use code: ONEMBK on the merchant payment page to grab the offer (terms and conditions apply).

    Instant discount on duty-free products: Elevate your pre-flight experience with a flat discount of Rs. 250 at duty-free via Adani One when you pay with MobiKwik Wallet Use code: MBKDUTY on merchant payment page to avail the offer (terms and conditions apply).

    Experience seamless travel booking management and unlock amazing flight and accommodation offers with the Adani One app. Also, enjoy additional savings with the MobiKwik Wallet discount, ensuring you get the best travel and stay deals possible. Further, discover a world of premium products from global brands at duty-free shops and explore India’s finest duty-free outlets, such as Mumbai Duty-Free, and enjoy an exclusive 5 per cent online pre-order discount.

    Adani One, an integrated travel platform launched by Adani Digital Labs, offers a comprehensive suite of services that cater to your every travel need such as hotel, flight, train and cab bookings, flight updates and duty-free ordering from global brands. Founded in 2021, Adani Digital Labs, a wholly owned subsidiary of Adani Enterprises Limited, is focused on growing digital engagements between Adani Group businesses and consumers across its businesses of airports, edible oils, foods, gas (industrial and retail), real estate, electricity, and financial services.

    Speaking about the partnership, MobiKwik Co-founder and CEO Bipin Preet Singh said, “We are excited to share our new partnership with the Adani One app, bringing together the ease of effortless payments and a seamless travel booking experience. Our goal is to elevate the customer experience as people gear to travel. India’s youthful explorers are known for their spontaneity, and we are dedicated to ensuring that financial constraints never hinder anyone’s plans.”

    A spokesperson from Adani One said, “We are happy to be partnering with MobiKwik as we integrate its easy finance solutions into our super app. Our collective goal is to leverage technology to make travel bookings and global brands more accessible and affordable across India. This move will not only help us enhance the experience of our customers but will also add value to their transactions.”

  • JioCinema reboots for another big digital innings with advertisers for IPL 2024

    JioCinema reboots for another big digital innings with advertisers for IPL 2024

    Mumbai: Rebooting for a new season of IPL, JioCinema hosted a roadshow event for advertisers and partners that brought the power and potential of live sports on digital back into focus, and showcased the expanse of the platform’s offerings in the coming season. The event witnessed participation from some of India’s advertisers who discussed India’s paradigm shift towards digital and its implications on advertising in live sports.

    JioCinema anchor Anant Tyagi helped unfold an engaging session with brands such as Blackberrys and Mobikwik who shared a first-hand account of the transformative impact that IPL on JioCinema had on their respective businesses last season. The event also opened up conversations on the sharp rise in the adoption of Connected TV over the past year and how brands are making the most of it. Participants at the roadshow discussed how cricket on streaming platforms transcends demographics and enables unprecedented scale, thus making it sharper and more effective than traditional genres.

    All conversations at the event threw the spotlight on the scope and scale of IPL 2024 and what makes digital the right medium for this spectacle.

    Viacom18 sports head of revenue Anup Govindan, “With the first edition of IPL on JioCinema, we revolutionised the market by streaming the league for free, and also set an industry trend where competition followed suit while streaming other marquee tournaments,”

    “We are set to witness another staggering season of IPL on digital and hit 600-650 million viewers. The explosive growth of CTV and handheld devices will make it an inevitable phenomenon. This truly democratizes the opportunity for brands across the board to connect with their audiences through sharper targeting and in turn grow their businesses exponentially.” He added.

    JioCinema offered the world T20 league last season in 12 languages and 17 feeds for free and received a record-smashing 449 million viewership throughout the tournament, including 70 minutes of average watch time per match. JioCinema is now set for an encore with IPL 2024.

  • Five companies redefining success with #VocalForLocal initiative

    Five companies redefining success with #VocalForLocal initiative

    Mumbai: In the spirit of #VocalForLocal, a movement that resonates deeply in India, companies across the nation are actively championing local businesses.

    Amid India’s growing emphasis on the #VocalForLocal movement, these companies shine brightly, demonstrating that expanding their global presence doesn’t mean compromising their local roots. They not only rejoice in the vibrant tapestry of Indian cultures but also play a pivotal role in nurturing and sustaining local businesses. These impactful campaigns go beyond fleeting trends, serving as a resounding reminder that championing homegrown art and artisans is a dynamic movement that not only captivates consumers within India but reverberates globally.

    Today, let’s turn our focus to five companies that have wholeheartedly embraced the #VocalForLocal ethos in India, seamlessly integrating it into their campaigns with authenticity and impact.

    Protium:

    Championing MSMEs: Protium takes center stage in the #VocalForLocal movement, advocating for and supporting micro, small, and medium enterprises (MSMEs). The campaign reflects their dedication to empowering small businesses, addressing the challenges they face in a competitive market, especially during festive season.

    Protium is guided by a strong moral compass to support small businesses, which often grapple with the challenges posed by intense competition and the allure of more expensive alternatives.

    Protium reaffirmed its commitment to the #VocalForLocal campaign, carrying forward the spirit that has ignited positive change over the past years. The campaign’s essence revolved around the idea of encouraging individuals to embrace and support local businesses, with a special focus on Micro, Small, and Medium Enterprises (MSMEs), the backbone of our nation’s economy.

    This resounding success of the campaign underscored Protium’s commitment to the #VocalForLocal principles, emphasizing that collective efforts truly empower small businesses and fortify our local economy.

    MobiKwik:

    Local merchant partnerships: MobiKwik, another prominent player in the Indian fintech space, has collaborated with local merchants to promote digital payments. Their initiatives often focus on supporting local businesses and driving financial inclusion, aligning with the #VocalforLocal campaign.

    MobiKwik’s strong focus on financial inclusion and commitment to serving traditionally underserved markets, such as tier two, three, and four cities, rural areas, and lower-income brackets, sets them apart from its peers. At MobiKwik, the digital payment services have been used in 19,103 pin codes out of 19,253 in India, covering 99.2% per cent of India’s PIN codes.

    At MobiKwik, innovation has been a driving force for us to differentiate ourselves in a highly competitive landscape.

    Paytm:

    Local Initiatives: Paytm, one of India’s leading fintech companies, has been active in promoting local businesses through its platform. They have supported various local campaigns, encouraging users to shop from nearby stores and promoting local merchants.

    PhonePe:

    Boost for Local Merchants: PhonePe, a popular digital payments platform, has been actively involved in initiatives to support local businesses. They have introduced features and campaigns to encourage users to transact with local merchants, contributing to the #VocalforLocal movement.

    Razorpay:

    Empowering small businesses: Razorpay, a fintech company specializing in payment solutions, has shown support for local businesses through various initiatives. They have provided tools and technologies that empower small businesses, aligning with the ethos of the #VocalforLocal movement.

  • MobiKwik’s new campaign with Manoj Bajpayee showcases easy credit card bill payments

    MobiKwik’s new campaign with Manoj Bajpayee showcases easy credit card bill payments

    Mumbai: Instant settlement of multiple credit card bills, timely reminders of credit card payments, real cashbacks are some of the features that MobiKwik, a leading digital banking platform, is highlighting in a comical way in their latest series of digital film campaign starring Bollywood actor Manoj Bajpayee. The four-film series highlights the platform’s credit card bill payment solutions with Bajpayee’s brilliant acting and comic timing.

    The campaign, conceptualized by the creative minds at Famous Innovations and brought to life by Eipi Media, seamlessly captures Bajpayee as a thirsty actor in his posh vanity and how he is bombarded with options. Or the case of a loving husband who is worried about his wife going on a shopping spree or forgetting his anniversary. Or portraying himself as an actor who is sitting in for a script reading session and how he is annoyed by the lack of quality. All these daily struggles of a commoner are beautifully weaved in the daily struggles that a commoner faces in their everyday life. A consistent thread throughout the videos highlights MobiKwik’s exceptional offerings, contrasting them against the minor annoyances of traditional bill payment methods, like excessive questions or missed reminders.

    MobiKwik director – marketing Monika Mishra said, “We are absolutely thrilled to be collaborating with an acclaimed actor like Manoj. His ability to seamlessly transform into a wide range of characters, from gritty to relatable ones, has often struck a chord with audiences from diverse backgrounds. Just like how he can connect with the mass, we aim to empower our users with straightforward, cutting-edge tools for managing their credit cards and monitoring their spending patterns – a game-changer for their financial well-being.”

    Applauding MobiKwik and the broader fintech industry for ushering in an era of financial inclusion, Manoj Bajpayee expressed, “MobiKwik has always been an epitome of innovative products and services, and I’m thrilled to be a part of a campaign which actually highlights to the users about the many features of credit cards bill payment. Seeing how MobiKwik is touching every corner of our diverse nation is incredibly inspiring. The campaign’s slice-of-life approach, sprinkled with delightful humour, transforms it into a truly captivating initiative which will deeply resonate with the audience.”

    The films have a whimsical tone and eloquently present app features like timely payment reminders, instant bill settlement, detailed analytics of credit card spending and real cashback. Each film concludes with a succinct tagline: “MobiKwik, the no-nonsense app.”

    The campaign is live on all digital platforms.

  • MobiKwik promotes Anshuman Misra as chief product & technology officer

    MobiKwik promotes Anshuman Misra as chief product & technology officer

    Mumbai: MobiKwik has promoted its senior vice president – product Anshuman Misra to the new position of chief product and technology officer. This new announcement will take place with immediate effect. 

    In his new role, Misra will be responsible for driving ‘product, design, engineering, infrastructure and security’ at the company. 

    “With this change, MobiKwik aims to build the best and most loved fintech product in India,” said the statement.

    “The company has demonstrated exceptional revenue growth in the last few years on the back of BNPL & payments,” Misra said on his promotion. “With our technology first DNA, I am confident we will build a world-class stack to offer the full fintech suite on the MobiKwik app. I look forward to working with our immensely talented product and engineering teams and further hiring creative minds to drive user delight via constant innovation.”

    Misra joined the fintech company in May 2021. Over his 18+ years of journey in the industry, he has worked with several companies including Hike Messenger, Microsoft, IBM, Quark, Spice etc. 

    MobiKwik CEO, co-founder and managing director Bipin Preet Singh appreciated Misra for his efforts at the company. “Anshuman has done phenomenal work in building product leadership for the business. He spearheaded the UX refresh of MobiKwik Zip, making it the most loved BNPL product. His zeal for continuous improvement has led to elevation in our core technology and infrastructure,” said Singh.

    He further added, “Our next growth frontier is to become a digital bank for Bharat fulfilling all the financial needs of 500 million Indians. As we embark on this growth journey, Anshuman and his team will play a key role in translating our vision into reality.”