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RBI rejects MobiKwik’s payment aggregator licence; support to crypto exchanges likely reason

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Crowdpuller
Dealerbhai

https://www.businesstoday.in/industry/banks/sto...

the fintech firm will not be able to onboard new merchants and existing merchants who are using Zaakpay will get 180 days to stop using it. 

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Pro Entertainer Pro Entertainer
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180 days 😤too much time. Only 180 seconds should be given. Or they should just stop mobidick completely

Brand Enthusiast Brand Enthusiast
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i generally dont hate any company as i know the pains to setup and run a company. But mobikwik from bottom of my heart, i wañted its end. Even everything is visible and evident, they took my 1100. No respite whatsoever we do. Rbi complaint helpline is just eyewash.

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Good move by RBI

Wishlist Champion Wishlist Champion
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Mobikwik is far better than Phonepe Paytm and some others

They are giving continuously offers atleast something 

if it is gone it is lose for us

those who hate mobikwik probably they simply dont know how to use mobikwik

Pro Community Angel Pro Community Angel
Moderator
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It’s not today’s mobi$hit but the yesterday’s.. that made the precedence and they are somewhat follow that even now! These offers are surely improving and continuous but that doesn’t change the black sheep one was yesterday.

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Helpful Helpful
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Mobikwik Agar Refund Time Pr Kare To Koi Issue Nhi H… Upper Se Iske Customer Support Bewakoof Banate H Refund K Naam Pr…. Nearly 2 Lakh earned From All MOBIKWIK Accounts in 1 Year……bas ye refund process pr dhyan de to koi issue nhi….

Wishlist Champion Wishlist Champion
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I lost 1000s of supercash / cashback because of uncertain terms and conditions

but never faced ant problem for refund using from 2012

Helpful Helpful
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Once they refunded bill payment of credit card which was already settled.. That was the only good thing that happened with mobikdi*k



Critic Critic
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👏

Brand Enthusiast Brand Enthusiast
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its not even cashback that i am greedy of. I bought a item on jiomart worth 1100. Money deducted transaction failed. Again bought the same product. Again money deducted transaction failed. It is shown on the statement. Also shows only once refund was processed. Even raising multiple complaints and twitter followps with proof  they kept saying money refunded. I called their cc numerous times explaining everthing, they agree on the call stil same reply, we refunded. Complained to RBI on portal and called them and also wrote email. Rbi cc always say we have forwarded your request.

net net lost money. This entire episode ran for almost six months.

someone who loves mobikwik is either employee or partner or promoter or influencers on social media. 

i never had problem with airtel and iciici that does not mean noone has. So the one who have problems dont know how to bank with icici and dont know how use airtel  sim? How good is this argument?

Pro Analyst Pro Analyst
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And how about your argument “Someone who loves Mobikwik is either employee or partner or promoter or influencers on social media.” ??

How good is that argument of yours??

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Finance Ninja Finance Ninja
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Mobikwik wallet load and Mobikwik bill pay transactions also use Zaakpay payment gateway.

How mobikwik wallet will work after 180 days ? 😀 Partner with other payment gateway provider like Paytm, PayU etc ?

Or shall we assume this is the end of MobiKwik Wallet ? 😬

I read somewhere, few years ago, Mobikwik’s Zaakpay payment gateway is only profitable business.

Crowdpuller Crowdpuller
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Right! they will have to move to some other gateway for wallet loads and Billpay txns. Also there is BillDesk as well which is being one consistent profitable business in Payment Gateway/Aggregation since its launch.

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