- Mobile wallet start-up MobiKwik has launched a loan disbursal feature on its platform called “Boost” that will enable the users to get loans of up to Rs 60,000 in their e-wallet within 90 seconds.
- MobiKwik is the first wallet player to disburse the loan amount in the user’s mobile wallet.
- MobiKwik has partnered with 4 NBFCs to offer this service to its users.
- The mobile wallet loan can be utilised for purchases, marriage expenses, travel plans, hotel bookings, medical emergency, as well as payments to offline and online merchants.
Points to Remember:
- Boost launched by which company
- Amount of loan