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MOBIKWIK LAUNCHES TRAVELPASS

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Available at Rs. 50 for the first 10,000 users, TravelPass offers 5% flat discount and free travel insurance cover of up to Rs 3 Lakhs on every bus booking done through MobiKwik, for a year

New Delhi, October 20th 2017: Indian mobile wallet major, MobiKwik, today announced the launch of Travel Pass. Available at Rs. 50 for the first 10,000 users, travel pass offers 5% flat discount on all bus journeys booked for a year.The actual price for the pass is Rs 250.

Speaking at the launch Vineet Singh, Chief Business Officer at MobiKwik, said, “At MobiKwik, we are doing upto 8,000 bus tickets per day, and with the launch of TravelPass, we aim to double this number in the next 1 year.”

Users will also get free travel insurance cover of up to Rs 3 Lakhs on every journey. A dedicated on-call customer support has been set up to cater to TravelPass users. Also, to protect TravelPass holders from fluctuating cancellation policies of bus operators, MobiKwik has relaxed the rates for the maximum benefit of the user.

“Millennials constitute 75% of our users and they love to travel throughout the year. TravelPass will help them save on every bus journey, irrespective of the time of booking. We are getting a tremendous response from our users, and have already sold over 2,000 passes on day one of the launch.” Vineet added.

About MobiKwik

MobiKwik is India’s largest issuer-independent digital financial services platform, a mobile wallet major and a leading payment gateway. MobiKwik app is a leading mobile payment platform with a network of over 20,00,000 direct merchants and 65 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised four rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments Net1 and Bajaj Finance. It has expanded to cities like Pune, Mumbai, Bangalore, Kolkata and Jaipur and planning to set up offices in 13 cities by the end of 2017. In August, BSNL went digital by launching a bespoke mobile wallet developed and issued by MobiKwik.

The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for Bhopal Plus, Bangalore One, GSRTC, Amul, Verka, Mother Dairy, Safal, NHAI, Bharat Petroleum, Indian Oil, Amul, Verka, 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. The company has tied up with BSNL to create cobranded mobile wallet for their 120M customers.

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