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MobiKwik is the ‘Partner of Choice’ for Microsoft Kaizala: To enable digital payments services on the app

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MobiKwik becomes the first mobile wallet player to partner with Microsoft and extend its payment infrastructure to Microsoft Kaizala users

New Delhi, April 03, 2018 MobiKwik, India’s largest digital financial services platform, today announced its partnership with Microsoft for powering digital payment services on Microsoft’s chat platform – Microsoft Kaizala. Through this association, Microsoft Kaizala users would be able to make person to person (P2P) as well as person to merchant (P2M) payments quickly both in one to one and group chat conversation via the MobiKwik wallet, without having to leave the Microsoft Kaizala mobile application. This association makes MobiKwik the first mobile wallet partner for Microsoft to enable digital payments services for the users of Kaizala.

Apart from enabling customer to customer wallet transactions, this partnership will not only enable businesses to accept payments from their customers, but also allow business to business transaction over Microsoft Kaizala. MobiKwik’s aim is to provide easy digital payments access to billions of Indians and this directly aligns with Microsoft Kaizala’s aim to make the firstline work-force more productive and enable them to communicate real time. The enablement of payments on Microsoft Kaizala will encourage more firstline workers to participate and complete business workflows on chat with payments. Additionally, with the introduction of this feature, organizations will now be able to disburse micro-payments, enable bill expense re-imbursements, and pay travel allowances ‘on the go’ to its mobile workforce.

“The diversity of user base that can be reached out via Microsoft Kaizala is tremendous. With this association, we will be able to take P2P and P2M payments to users across hundreds of organizations in diverse industries, including government departments. This is in line with MobiKwik’s mission of enabling billions of Indians with easy access to digital payments”, said Mr. Bipin Preet Singh, Founder and CEO, MobiKwik.

“The ease of using Microsoft Kaizala, even in areas with limited internet connectivity, is the biggest benefit since it will enable greater market penetration for us. We are thrilled to be chosen as the first mobile wallet provider by Microsoft Kaizala and look forward to offering our services to Kaizala users. We are confident that this association will go a long way in helping us reach out to a whole new set of users in the country”, added Mr. Bipin Preet Singh, Founder and CEO, MobiKwik.

“When we launched Microsoft Kaizala for India in July 2017, we provided consumers as well as businesses with a secure chat platform to collaborate and be productive, on the go. Microsoft Kaizala is used by thousands of organizations across different industry verticals for their day-to-day workflows today and is growing. Payment transactions within the app was a key demand from our users for getting work done and we are happy to offer it today in collaboration with MobiKwik,”, said Rajiv Kumar, Corporate Vice President, Office Product Group, Microsoft.

Microsoft Kaizala was launched in July 2017 in India to provide a seamless convergence of an instant messenger, a collaboration portal, and a productivity enhancer. Existing Office 365 customers through early adopter program can avail 12 months of free subscription of Kaizala Pro for their users. Users can be quickly onboarded on Microsoft Kaizala by using just their phone number as a unique ID. It has been optimized for 2G network to enable connectivity in remote locations. Microsoft Kaizala is being used by over 900 organizations, including YES BANK, State Bank of India, Apollo Telemedicine, Narayana Hrudyalaya, United Phosphorous, and Kendriya Vidyalaya Sangathan.

About MobiKwik

MobiKwik is India’s largest digital financial services platform, a mobile wallet major and a leading payment gateway. MobiKwik app is a leading mobile payment platform with a network of over 30,00,000 direct merchants and 260 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised four rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments Net1 and Bajaj Finance.

In 2017, MobiKwik has forged a string of smart partnerships with leading blue-chip brands such as BSNL, Bajaj Finserv Ltd and IndusInd Bank, thus starting to impact almost 260 million Indians. In August 2017, BSNL went digital by launching a bespoke mobile wallet developed and issued by MobiKwik. Recently, the company has partnered with Bajaj Finserv Ltd. to develop an EMI wallet through which customers can avail credits and loans. Bajaj Finserv-MobiKwik wallet is also India’s first credit wallet. MobiKwik has also developed India’s first auto-load wallet for IndusInd Bank’s 10 mIllion plus customers, who can make purchases just by tapping their wallet and their money gets automatically debited from their IndusInd account. The company has also signed a pact with IDFC bank for the launch of virtual cards.

The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for Bhopal Plus, Bangalore One, GSRTC, Amul, Verka, Mother Dairy, Safal, NHAI, Bharat Petroleum, Indian Oil, Amul, Verka, IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip. The company has tied up with BSNL to create cobranded mobile wallet for their 120M customers.

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