MobiKwik for Business 2.17.1

MobiKwik for Business, the easiest way of connecting with your users and accepting payments.

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There are several perks that a Mobikwik partner enjoys. These include but are not limited to the following points.

Register instantly as a MobiKwik Merchant
The partners can instantly and very quickly register themselves as MobiKwik merchants on the MobiKwik business app. All you have to do is provide us with a few basic details like your mobile number, PAN Card etc. and you are good to go. MobiKwik believes in simplifying your business and providing the best service in the market.

Accept payments from anyone and anywhere
Once registered with MobiKwik, the partners on the MobiKwik business app need not worry about receiving payments. All the partners will have their own QR in their respective apps to receive the payments easily. All you need to do is share the QR with your users that’s it. You can accept the payments with your MobiKwik app at any time you want and from anywhere you want. It’s extremely secure.

Supports All Payment Methods: UPI, MobiKwik Wallet, Credit Card or Debit Cards
With the MobiKwik merchants app, you can accept payments via a lot of payment methods. Be it UPI, Credit Cards, Debit Cards or MobiKwik Wallet, MobiKwik business app supports it all. Now you don’t have to worry about which payment methods your users prefer because we accept them all.

Receive money into your bank account without a significant fee.
With MobiKwik Business app, You will be charged 0% for receiving payments through UPI. For other payment instruments, the fee may vary depending on the payment instrument used.

Track payments and payouts received
Along with running a full fledged business, the partners find it hard to note down their expenses, the payments received and made. On the MobiKwik business app, you can simply track your payments and payouts. This will save you a lot of effort and energy which can be focused on running the business

Kwik Loans
- Merchants get funds/loans up to ₹100,000 which will be deducted on a daily basis from their payout.
- Interest rates from 35.99% p.a. with a tenure of 90-360 days.
- Standard processing fees will apply of 2.99%.

Lending partners (NBFC): Transactree Technologies Private Limited (Lendbox)

Sample EDI Calculation:
Loan Amount: ₹1,00,000
Interest rate (APR): 35.99% p.a.
Tenure: 360 Days
EDI: ₹330.91
Total interest paid: ₹19,127.6
Processing Fees (2.99%): ₹2990
Disbursed Amount: ₹97,010 (Principal Amount - P.F.)
Total Cost of Loan: ₹1,22,117.6