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. Let's take a look at MobiKwik features, benefits & how to use it.

by Sadikaa Updated: 06 Mar, 2024, 19:01 IST
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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 launches Pocket UPI: Features & How to Use It

Pocket UPI Features & Benefits

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



How to Use Pocket 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!


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FAQ's

1. Does MobiKwik support UPI?

Yes, MobiKwik supports UPI through its Wallet UPI feature, allowing users to make seamless payments directly from their MobiKwik Wallet.

2. Is wallet to UPI possible?

Yes, MobiKwik enables wallet to UPI transactions, allowing users to transfer funds from their MobiKwik Wallet to any UPI ID or bank account.

3. What is the limit of MobiKwik UPI transaction?

The MobiKwik Wallet UPI offers a transaction limit of up to Rs 1 lakh and a maximum balance limit of up to Rs 2 lakh, providing users with flexibility and convenience for their transactions.

4. Is MobiKwik Wallet UPI secure?

Yes, MobiKwik ensures the security of its Wallet UPI feature with robust encryption and authentication measures, providing users with a safe and secure payment experience.

5. How can I set up MobiKwik Wallet UPI on my account?

Setting up MobiKwik Wallet UPI is easy. Simply download the MobiKwik app, create an account or log in if you already have one, and follow the prompts to set up your Wallet UPI ID and link your bank account(s).

Deal Cadet
Sadika is a content writer with over three years of experience in Ecommerce, Tech, and Psychology. Her mission is simple: to bring you the best information possible.
Top Comments
Deal Cadet Deal Cadet
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Upi lite with a little modification..

Deal Subedar Deal Subedar
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  • Balance - lite: 2000 vs 2 lacs here
  • Txn limit - lite: 500 vs 1 lac here
  • Plus lite cannot be loaded via Credit card


Also, it's very useful to combine balances across multiple cards or banks!

Community Angel Community Angel
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They r not giving cb and not let me use wallet balance in existing min kyc accounts and asking for full kyc so dropped email to close my account. And here coming with this new shit. Won't trap.
46 Comments  |  
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Deal Subedar Deal Subedar
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This is worth trying! I've been using this for a month and it works reasonably well.

The best feature is that it works for P2P transactions also and supports loading wallet via all networks.

Freebie Finder Freebie Finder
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I was trying to add with CC (showing no extra charge) , but before add i tried to send Rs. 1 to QR, Its asking for PAN to reactive Wallet. 😄

Deal Subedar Deal Subedar
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Have you been inactive?
Usually this kicks in if you have not used the app for a while, for security reasons.
View 2 more replies
Deal Cadet Deal Cadet
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Upi lite with a little modification..

Deal Subedar Deal Subedar
Link Copied
  • Balance - lite: 2000 vs 2 lacs here
  • Txn limit - lite: 500 vs 1 lac here
  • Plus lite cannot be loaded via Credit card


Also, it's very useful to combine balances across multiple cards or banks!

View 2 more replies
Super Stud Super Stud
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Mobidick joy

Crowdpuller Crowdpuller
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Time to install mobikwik again
Deal Subedar Deal Subedar
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With paytm wallet going away, probably not a bad idea😄
Commentator Commentator
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User is linked with other Aadhar number. Got that error. Anyone have solution? TIA
Deal Cadet Deal Cadet
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Getting the same error. You are able to do KYC ?
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Deal Cadet Deal Cadet
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Credit card loading is showing conv few.
Deal Subedar Deal Subedar
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How much?

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Deal Cadet Deal Cadet
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Can one pay CC payment through this? If yes - please explain the process.

Spearhead Spearhead
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Can we transfer back money from this pocket upi account back to our bank account? If yes can someone guide me with steps. I am not able to find any option . TIA
Deal Cadet Deal Cadet
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Make sure for full kyc. go to wallet load money by cc . Then go to upi tr option select/type upi whom do u want to tr. select source as wallet upi id. Done👍

Community Angel Community Angel
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They r not giving cb and not let me use wallet balance in existing min kyc accounts and asking for full kyc so dropped email to close my account. And here coming with this new shit. Won't trap.
Deal's Advocate Deal's Advocate
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.
Benevolent Benevolent
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Don't they have charges for both CC, DC for wallet loading ?

Deal Cadet Deal Cadet
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There are no charges for DC load.

Pro DealBaba Pro DealBaba
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Le Paytm to mobikwik

Screenshot2024-02-27-16-53-42-201-editcom.android.chrome

Deal Cadet Deal Cadet
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Adding money to wallet via cc is charged Its not free (may be 2k limit as free)
Deal Cadet Deal Cadet
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Could not send money using UPI ID. Will try with QR code.

Deal Cadet Deal Cadet
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Is it 1000 per credit card or 1000 including all cards in a month?

Deal Subedar Deal Subedar
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1000 per account
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Deal Cadet Deal Cadet
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loaded Rs 100/- by Amex & tr to own bank. 😂😂

Deal Subedar Deal Subedar
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👍
Deal Cadet Deal Cadet
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is Full KYC needed? 

Deal Subedar Deal Subedar
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yes
Deal Newbie Deal Newbie
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that means, we can pay using CC Cashback 😛

Deal Subedar Deal Subedar
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Upto 1000 it's free via cc. Debit card is always free.
Deal Newbie Deal Newbie
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Pocket upi limit per day please tell me

Deal Subedar Deal Subedar
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I've made around 15 txns. They went through without any trouble.
Generous Generous
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Mobi wallet and pocket mobi wallet.. kya difference hai ?
Deal Subedar Deal Subedar
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@Sidhi.Baat.No.Bakwas it's the same wallet balance shared between both.  It's just that pocket upi can be used for friends, QR codes, online shoppung as well as to receive money from anyone.

Generous Generous
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Same can be done with mobi wallet. Can receive send and qr. Whats extra than wallet upi
Deal Subedar Deal Subedar
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@Sidhi.Baat.No.Bakwas it works outside Mobikwik wallet also.  it's fully interoperable.

e.g you can send money to phonePE and customers from your wallet balance. (Imagine loading money via CC and directly paying your friends)

2. You can shop on Amazon and Flipkart, Uber, Ola, practically anywhere using MobiKwik wallet balance. 

3. You can scan Bharatpe, Gpay any 3rd party QR code and use MobiKwik wallet balance.

4. the most underrated benefit is you can receive money from any UPI app in your MobiKwik wallet. And then do a single wallet to bank transfer for free.

also, txns are very fast and pin-less.

Generous Generous
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Ya sab wallet upi se nahi ho sakta kya?
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