Office TechTechnology For SMEs

MobiKwik Targets Rs 500 Crore Revenue from Payment Gateway Business

Sharing is caring!

Digital payments major MobiKwik said it aims to facilitate $20 billion worth of transactions through its payments gateway business in the next 12-18 months, a vertical that has been profitable for the company since April this year.

The company, which competes with the likes of BillDesk and PayU in this space, is also confident of registering Rs 500 crore in revenue from its payments gateway (PG) business (operated as a MobiKwik subsidiary – Zaakpay) over the next 12 months.

After the Government of India’s landmark decision of demonetization, digital payment sector in India is showing exponential growth. This growth path is likely to continue and players like Paytm, MobiKwik, PayU and few others have taken lead in this business.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: