Swadeshi AppsMobiKwik
by One MobiKwik Systems Limited
App Details
- Pricing
- Freemium
- Replaces
- PayPal, Venmo, Cash App, Google Pay
- Category
- finance
- Company
- One MobiKwik Systems Limited
- Location
- Gurugram, Haryana
- Rating
- 4.4/5 on Google Play Store
- Last verified
- 2026-11-13
About This App
MobiKwik is a wallet and UPI app made by One MobiKwik Systems Limited, based in Gurugram, Haryana. Bipin Preet Singh and Upasana Taku founded it in 2009, and the company listed on the NSE and BSE in December 2024. In its annual report for the year ended 31 March 2026, the company says it has 189.6 million registered users and 4.9 million merchant partners. For consumers, the app covers UPI payments, a prepaid wallet, mobile and DTH recharges, bill payments through the Bharat Bill Payment System, and merchant checkout. The wallet works alongside UPI, so you can pay from your bank account or from stored balance. The Play Store listing also mentions credit cards, digital gold, bonds and fixed deposits, and the annual report describes mutual funds and digital gold as emerging wealth products. On the lending side, the company offers Zip EMI, a tenure-based personal loan that is disbursed through bank and NBFC partners. Loan terms and fees come from the lender and are shown in the loan agreement, so check them before accepting. For shopkeepers, MobiKwik sells QR codes, soundboxes and card machines, and its subsidiary Zaakpay provides online payment acceptance. According to the annual report, its merchant presence grew from 366 cities to 1,118 cities during FY26. The app is free to download. Some services, such as loans, carry fees set by the lender, so the pricing is listed as Freemium. MobiKwik suits people who want a wallet and UPI in one app, and small merchants who want a QR or soundbox. If you mainly want a plain UPI app with no loan offers, BHIM or PhonePe may feel less crowded.
Honest Review
What works well
- Wallet and UPI in one app, so you can pay from a bank account or from stored balance
- Covers recharges, DTH, bill payments and merchant QR payments in a single place
- Offers merchants QR codes, soundboxes and card machines, plus online payments through Zaakpay
- Listed on NSE and BSE, so its shareholding and annual report are public
- Founders Bipin Preet Singh and Upasana Taku still run the company as MD and CEO, and Whole-Time Director and CFO
What needs improvement
- The Play Store listing leads with loans, so lending is a big part of the app alongside payments
- Zip EMI loan costs vary by lending partner and are only clear in the loan agreement
- Wallet transfers can be held up by KYC checks, according to user complaints
Common user complaints
- Refunds for failed or cancelled payments can take days or weeks to reach the wallet
- Accounts get blocked or wallet transfers get stopped over KYC problems, and resolution is slow
- Reaching a human in customer support is hard, and replies often read as generic templates
- Some borrowers say loan terms or repayment conditions changed from what they expected
Indian Alternative To
MobiKwik is a powerful Indian alternative to these international apps:
Is MobiKwik an alternative to PayPal?
Yes, MobiKwik by One MobiKwik Systems Limited is an Indian alternative to PayPal. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to PayPal →
Is MobiKwik an alternative to Venmo?
Yes, MobiKwik by One MobiKwik Systems Limited is an Indian alternative to Venmo. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Venmo →
Is MobiKwik an alternative to Cash App?
Yes, MobiKwik by One MobiKwik Systems Limited is an Indian alternative to Cash App. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Cash App →
Is MobiKwik an alternative to Google Pay?
Yes, MobiKwik by One MobiKwik Systems Limited is an Indian alternative to Google Pay. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Google Pay →
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