MobiKwik now allows money transfer to any bank account at 0% fee

MobiKwik has announced that users will now be able to transfer money instantly to any bank account at 0% fee. The move comes from the company following demonetization of Rs. 500 and Rs. 1000 notes by the government.

Prior to this, MobiKwik charged 4% fee for regular user and 1% fee for a KYC user to transfer money from a mobile wallet to the bank. The company has launched a user support number that is operational 24×7. Users can call on +919029059700 to download MobiKwik app and start sending or receiving money for free. The company claims to have registered 18 times growth in transactions since the announcement of demonetization.