Indian mobile wallet, MobiKwik announced that the company has registered 10000% growth in transactions from oil & gas sector. MobiKwik powers digital payments for all major Hindustan Petroleum, Bharat Petroleum and Indian Oil petrol pumps in 20 Indian cities.
Upasana Taku, Cofounder of MobiKwik said, “Petrol and Diesel are daily necessities and we have been working aggressively to drive adoption of digital payments in the sector. Within the past week, we have achieved 10 times growth in transactions and are certain that the oil & gas sector will contribute tremendously to our growth in 2017.”
In early January 2017, MobiKwik had announced zero surcharge on all transactions from oil & gas sector. The company has also been investing in promotions to drive adoption from the sector. MobiKwik’s recent free petrol drive in Delhi-NCR registered over 20000 transactions within the two hours of activation.