MobiKwik eyes higher share of wallet in Travel; collaborates with leading airlines and OTAs

MobiKwik, one of the largest mobile wallets and the largest Buy Now Pay Later (BNPL) FinTech company in India, has announced a collaboration with renowned partners in the travel, tourism and aviation industry for seamless and convenient payment experience for travelers. Users will be able to book travel via air, train, bus, road and their stay at hotels using MobiKwik wallet in just a few simple steps. In addition, users will be able to leverage the benefits of Buy Now Pay Later (BNPL) service MobiKwik Zip and cashback offers.

MobiKwik has partnered with renowned merchants such as Vistara, SpiceJet, and Indigo in airline, online travel aggregators such as ixigo, MakeMyTrip, Goibibo, EaseMyTrip, Yatra, AbhiBus, Zing Bus and car rental agencies such as Savaari, Drive U, Rapido, Blusmart, and Meru Cabs for a well-rounded experience to its users.

Commenting on the announcement, Chandan Joshi, Co-founder, and CEO, Consumer Payments, MobiKwik said, “Digital wallets have emerged as the preferred mode of payment for online transactions. Consumers today are looking for convenience, speed of execution coupled with value added benefits while making online purchases. At MobiKwik, we understand the consumers’ preferences and pain-points in their daily life payments – grocery, shopping, travel, insurance, etc. By collaborating with leading airlines and travel aggregators, we take one step closer on our mission of delivering seamless customer experience and becoming the Digital Bank for 500 million digitally savvy Indians.”

He further added, “Our travel segment has witnessed 60% growth as compared to the corresponding period last year, and we expect it to further grow significantly with the help of leading partners.”

Speaking on the partnership, Deepak Rajawat, Chief Commercial Officer, Vistara said, “The customer expectations over the years have changed, they now expect quick flight options available on their mobile screens to instantly pay and fly. MobiKwik is making all this possible for the new-age travelers by offering seamless payment options. This is an exciting time for the travel enthusiasts since vacation time is around the horizon, we couldn’t be more excited about this collaboration with MobiKwik to offer nothing but the best to the customers.”

Echoing similar sentiments, Nitin Gurha, VP Business & Partnerships, ixigo said, “The pandemic has changed payment preferences of consumers, especially for Gen Z and millennial travelers who prefer digital wallets and other fast payment methods while purchasing tickets. Together with our strategic partnership with MobiKwik, we are offering fast and convenient payment options, as well as enticing travel deals and cashback offers to all our existing and new users. Our collaboration will help ixigoers get the best value for their time and money.”

Using MobiKwik wallet, the customers who make travel-related reservations for upcoming summer vacations or long weekends will be able to enjoy a range of benefits. They can also earn cashback up to INR 125 on bus bookings, going up to INR 700 for domestic air travel and hotels. The discount and cashback are instantaneous and will allow users to save more and manage their travel budgets efficiently. The cash back offers are valid from 1st April 2022- 30th May 2022.


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