MobiKwik To Offer 6% Annual Return To Wallet Users

New Delhi: Fin-tech company MobiKwik on Wednesday said it will offer 6 per cent annual interest on the account balance to its mobile wallet users. The company, which competes with Alibaba-backed Paytm, has over 30 million wallet users in the country. MobiKwik claims it is growing at 250 per cent per year and expects to touch 70 million users by the end of 2017. "This is the first time in India that users can get higher profits than...