MobiKwik launches Pocket UPI: Features & How to Use It

MobiKwik, a popular digital payments platform, has introduced 'Pocket UPI', which allows users to make UPI payments without linking their bank accounts. After Flipkart announcing UPI, MobiKwik has quickly hopped on the trend, all credits to Paytm creating some major chaos. If you're still wondering about Paytm alternatives, be sure to check this article out. Now let's get back to MobiKwik Pocket UPI. It is designed to provide an extra layer of security by utilizing funds from the wallet instead of directly debiting the bank account. It is meant to reduce the risk of fraudulent transactions and ensures your money is safe. With Pocket UPI, users can easily make UPI transactions and keep track of their expenses more transparently. In simple words, it's just an updated version of wallet UPI, now called Pocket UPI, that makes payments easier and more secure. Now let's take a look at MobiKwik features, benefits and how to use it.

MobiKwik's Pocket UPI feature provides an easy and flexible way to manage your finances. You can load money into your wallet using your credit card, debit card, or UPI, including major card networks like RuPay, Visa, American Express, and Diners Club. When it comes to making payments, Pocket UPI offers a seamless experience without any restrictions on the amount or frequency. You can make payments for any amount you want, without worrying about daily limits. You can also get cashback rewards for loading money into your wallet and for making transactions from it. This incentivizes users to use the wallet for their payments, providing additional savings.

One of the benefits of using Pocket UPI is that it simplifies the process of tracking your transactions, making it more convenient for you. You can also make payments without cluttering up your bank statements, giving you more flexibility. With a wallet, you can effectively manage your finances by setting specific budgets and keeping your bank statements organized. It helps you avoid cluttering your statement with small transactions, such as those of Rs.10 or Rs.50, that you make on the go.

Apart from that, security is also a top priority with Pocket UPI. Your funds are transferred from your Mobikwik Wallet instead of your bank account, which reduces the risk of fraud and compromised transactions.

Finally, Pocket UPI is accessible to a wide range of payment scenarios, including merchant QR codes, e-commerce platforms, and peer-to-peer transfers. Plus, it ensures uninterrupted payment processing, even during bank downtimes, so that you can always rely on it. How you may ask? Since the wallet stores your money with the app provider of Mobikwik, you can still use your stored funds even if your bank's servers are down. This ensures uninterrupted access to your money when you need it most.

One Desidime user, @sakshamdhawan, shared their experience loading the free Pocket UPI by the MobiKwik app with their credit card for a limited time, with support for Diners, Amex, Visa, and Mastercard. Be sure to read the thread for more insights!

Also Read: Flipkart UPI Announced! Now do UPI Payments with Flipkart UPI

To begin using Pocket UPI, you can follow these steps:

1) Create a wallet UPI ID: Start by creating your unique wallet UPI ID on the MobiKwik platform.

2) Add Funds: Next, add funds to your MobiKwik Wallet. You can do this using a debit card, credit card, or bank account.

3) Start Making Payments: Once your wallet is loaded with funds, you're ready to go. Simply use the balance in your wallet to make UPI payments on the go.

By following these steps, you can easily start using Pocket UPI for your transactions.

Discover Mobikwik Offers & Discounts. Get more savings with these offers!

Best Pre-Wedding Photoshoot Locations in India: Mumbai, Delhi, Goa, & More

FAQ's