Amazon Pay Plans Mobile Recharges, Could Be Tough Competition For Paytm, MobiKwik

Paytm and MobiKwik, India’s largest mobile wallet companies, had better pad up for their biggest competition yet. For, Amazon is preparing to enter the mobile recharge segment, which accounts for nearly one-third of spending on mobile wallets, with Amazon Pay.

MobiKwik Stops Cashback To Start Loyalty Programme, Reduce Burn By 25%

Just like the growth of ecommerce companies in India was fuelled by discounts, mobile wallet companies such as Paytm and MobiKwik grew on the back of cashbacks — sometimes as high as 100% of the transaction amount.