Trailing towards digital payment modes for fees collection, Jawaharlal Nehru University (JNU) and Indian Institute of Technology (IIT), Delhi are collaborating with MobiKwik, a mobile wallet provider, for digital payments at the campus. The association will also help college students pay for daily meals and basic amenities at the campus and let them grapple the impact of the government's decision on demonetization.
Mrinal Sinha, Chief Operating Officer - MobiKwik said, "We are proud to support India's leading universities, where students from across the world come to study. Our association will facilitate digital payments for students, making their life hassle-free. MobiKwik having become synonymous with seamless payments, it is our constant endeavour to widen the MobiKwik payments network and help a larger section of people access digital payments."
In JNU there are around 7,304 students studying at the university. Similarly, IIT Delhi is an autonomous and public institution of higher education on technology, catering to around 7,784 students.
With more than 40 million users, MobiKwik has many firsts to its credit, including the service through which users can locate outlets where MobiKwik e-wallet is accepted in the app. Cash loading for mobile wallet through both cash pick-up and cash deposit is also available.
MobiKwik is an Indian wallet major with a network of more than 250,000 direct merchants and 40 million-plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments and Net1. MobiKwik aspires to be the largest source of digital transactions in India.
One of the digital payments platforms for online and offline merchants, MobiKwik is powering payments for 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.