MobiKwik, a mobile wallet company, on Thursday said that it will continue to offer free uploading of money into their wallet for all users, including credit card users.

Post demonetisation, in order to boost the government's vision of cash-less India, the company had a stated policy of revoking fees on uploading money through credit cards and today the company reiterated its policy of continuity.

"In order to popularise the Government's vision of a cash-less society, we at MobiKwik have decided not to charge 2 per cent on credit card recharges so that more people can transact online without having to worry about additional charges", Bipin Preet Singh, MobiKwik's Founder & CEO, said.

Interestingly, this MobiKwik announcement came on the heels of Paytm, another mobile wallet major, announcing that its users will now have to pay 2 per cent fee for adding money to their wallet using credit cards.

Paytm also said it would issue a discount coupon for the same amount within 24 hours of adding money using credit cards.

Srivats.kr@thehindu.co.in

(This article was published on March 9, 2017)
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