MobiKwik woos customers, offers massive cashback on completing Aadhaar based KYC process; check details

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New Delhi | March 20, 2018 4:16 PM

In a bid to encourage users to complete the e-KYC procedure for their wallets, MobiKwik has come out with an attractive scheme to get their customers going on the process.

MobiKwik has come out with an attractive scheme to get their customers going on the process.

In a bid to encourage users to complete the e-KYC procedure for their wallets, MobiKwik has come out with an attractive scheme to get their customers going on the process. In a first, MobiKwik has announced the roll out an offer to encourage its million users to complete the e-KYC verification. The digital financial services platform will be offering its subscribers with a ‘SuperCash’ of Rs 300. The customers can avail this offer by using the code- KYC300.

Announcing the offer, Bipin Preet Singh, Founder and CEO, MobiKwik said: “KYC is a necessary step to pave way for interoperability between PPIs, bank accounts and cards in a phased manner. There has been a lot of confusion amongst the users, post the KYC compliance deadline of February 28. We, at MobiKwik, are working tirelessly to ensure than all our customers complete their e-KYC at the earliest possible, so they can continue using the mobile wallets. This initiative is aimed to informing our customers that e-KYC is a simple process that can be done on the user’s phones and will not take more than a minute.”

Here are the steps to complete the MobiKwik KYC process in 60 seconds:

Step 1: The user needs to log on to the app and enter his Aadhar number to begin the e-KYC process.

Step 2: Once the Aadhar details have been registered, the customer gets an OTP on the phone.

Step 3: The e-KYC is complete the moment customer uploads this OTP.

Digital transactions have been on the rise in India. In December 2017, transactions worth Rs 12,568 crore ($1.93 billion) were carried out on e-wallets, according to the Reserve Bank of India. This is compared to Rs 3,385 crore in October 2016, before demonetisation, which gave a big boost to the industry.

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