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Home Personal Finance New Payment Systems: Mobikwik launched e-Rupee, you can make payment of ₹50000...

New Payment Systems: Mobikwik launched e-Rupee, you can make payment of ₹50000 per day through UPI

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New Payment Systems: Mobikwik launched e-Rupee, you can make payment of ₹50000 per day through UPI
New Payment Systems: Mobikwik launched e-Rupee, you can make payment of ₹50000 per day through UPI

Digital wallet Mobikwik is the first digital wallet to launch the full version of e-Rupi. The e-Rupi wallet is now available to all Android users of Mobikwik.

New Payment Systems: Digital wallet Mobikwik (One Mobikwik Systems Limited) has launched the Central Bank Digital Currency (CBDC) wallet e-Rupi (e₹). For this, Mobikwik has partnered with the Reserve Bank of India (RBI) and Yes Ba nk. Mobikwik is the first digital wallet to launch the full version of e-Rupi. The e-Rupi wallet is now available to all Android users of Mobikwik. It enables seamless peer-to-peer (P2P) and peer-to-merchant (P2M) transactions.

UPI QR can be scanned

Users using Mobikwik e-wallet can make payments by scanning any UPI QR code. It is fully interoperable on UPI. New Mobikwik users will have to complete video KYC before opening an e₹ wallet. Currently, the daily transaction limit in e-Rupee wallet is Rs 50,000. The transaction limit is Rs 10,000 and the currency denomination is 50 paise, ₹1, ₹2, ₹5, ₹10, ₹20, ₹50. ₹100, ₹200 and ₹500 are available in e-Rupee.

What did the company’s MD say

MobiKwik MD Bipin Preet Singh said – We hope that CBDC will digitize the Indian rupee and further expand the digital economy. Our goal is to adopt e-rupee in India and move towards a less cash economy.

How were the results of the September quarter

One Mobikwik Systems Limited incurred a loss of Rs 3.59 crore in the July-September 2024 quarter. The company had a profit of Rs 6 crore in the September 2023 quarter. The total income of the company increased to Rs 294 crore in the September 2024 quarter. It was Rs 207 crore in July-September 2023. The total expenditure also increased to Rs 287 crore, while it was Rs 196 crore in the same quarter of FY 2023-24.

Share status

Talking about the share of Mobikwik, it is at Rs 415. On Tuesday, the stock closed 3.92% higher than the day before. During trading, the stock reached the level of Rs 437.40. Let us tell you that the company was listed in the stock market last year.


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