India’s Mobikwik getting serious about online travel
Leading Indian mobile wallet Mobikwik is seemingly intent on cornering the online travel payment market, after announcing a raft of key partnerships.
Mobikwik has signed up major online travel agents MakeMyTrip, Cleartrip, Yatra and Goibibo, all major players in the Indian travel space.
Mobikwik claims to have 17 million users who can now book flights, hotel, trains and bus journeys at any of these four companies.
Moibikwik predicts it will facilitate travel and hotel booking revenue worth Rs 2 billion ($31 million) within 12 months.
Latest data shows most of the big players in the Indian online travel sector are edging close to 50% of revenue generated from mobile devices while online travel booking itself continues to grow annually at a double-digit pace.
The company recently secured $25 million in series B funding which includes a sizeable investment from American Express, and also plans to create a bricks and mortar retail network of up to 100,000 merchants nationwide.
This will serve as a point of sale for wallet payments and a facility to top up mobile wallet accounts using cash.
Originally known in India as the major player for online mobile phone top up and household bill payments, Mobikwik can be used at about 2,000 retail, utility and telco websites.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025