Net1 to invest upto $40 million in MobiKwik

By GizBot Bureau
|

Alternative payment system provider Net1 UEPS Technologies will invest upto $40 million in mobile wallet service company MobiKwik, a statement said here on Friday.

Net1 to invest upto $40 million in MobiKwik

"As part of the strategic partnership, Net1 will invest $40 million in MobiKwik. In addition, through our technology agreement, Net1's Virtual Card technology will be integrated across all MobiKwik wallets in order to provide ubiquity across all merchants in India," the statement said.

SEE ALSO: Here's How to Get a Free Reliance Jio 4G SIM Card for any 4G Smartphone!

MobiKwik's current shareholders include Sequoia Capital, Tree Line Asia, American Express, Cisco Investments, GMO Payment Gateway and MediaTek, as well as Bipin Preet Singh and Upasana Taku, the founders and executive officers.

Source IANS

Best Mobiles in India

Read More About: mobikwik wallet internet news

Best Phones

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
X