MobiKwik claims to be largest digital wallet player in terms of transaction value

MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May. Quoting Reserve Bank of India (RBI) data, MobiKwik said it has gained its market share in financial transactions through the Prepaid Payment Instrument (PPI) Wallet during the two months.

The company saw its market share by value grow from 11 per cent in March 2024 to 20 per cent in April and further to 23 per cent in May.