MobiKwik Opens 'Power Wallet' API to Retailers

Advertisement
By Gadgets 360 Staff | Updated: 5 January 2016 17:00 IST

MobiKwik announced Tuesday that it has opened up access to its patent-pending Power Wallet interface, and following its integration with IRCTC, OYO Rooms, PVR Cinemas, Zomato, Meru Cabs, and Big Bazaar.

MobiKwik claims that the Power Wallet integration provides merchants a near-100 percent success rate when processing payments on a mobile wallet, compared to the industry average of around 60 percent.

Power Wallet can be integrated across the retailer's website, mobile website, apps, and offline point-of-sale terminals. MobiKwik claims to provide a superlative transaction experience even if there's a sudden surge in traffic on the retailer's platform.

Advertisement

Post integration, no re-direction to MobiKwik is required on the retailer's products, as users get to make the payment from within the retailer's platform. Users need not enter their credentials repeatedly for subsequent payments, as MobiKwik's Power Wallet provides a one-time user authentication process, the company said.

Advertisement

"The scalable interface is easy to integrate across multiple retailer platforms and is an ideal solution for merchants looking for a quick-to-deploy, omni-channel digital payment mechanism," said Bipin Preet Singh, Founder & CEO, MobiKwik in an emailed statement.

MobiKwik's services are also being used by Uber, BookMyShow, Grofers, Big Basket, Domino's, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Star Sports, GoDaddy, MakeMyTrip, Cleartrip, and Yatra, the company said.

Advertisement

A number of payment processors have been in the news lately for filing interface and feature patents. FreeCharge had filed a patent for its technology that does away with the one-time-password requirement in late 2015, whilePayUbiz had launched its patent pending 'one tap' technology, which brings a major reduction in mobile payment transaction time.

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Best Diwali 2025 Wishes, Quotes, and Facebook Statuses to Share
  2. Madam Sengupta Is Now Streaming: Know Where to Watch This Bangla Crime Thriller
  1. Mysterious Asteroid Impact Found in Australia, But the Crater is Missing
  2. Thanal Comes to OTT: Everything You Need to Know About This Tamil Action Thriller
  3. Madam Sengupta Is Now Streaming: Know Where to Watch This Bangla Crime Thriller
  4. Ryugu Samples Reveal Ancient Water Flow on Asteroid for a Billion Years
  5. Scientists Create Most Detailed Radio Map of Early Universe Using MWA
  6. Mayor of Kingstown Season 4 OTT Release: Know When, Where to Watch Jeremy Renner's Crime Drama
  7. Our Fault Is Streaming Now: Know All About This Gabriel Guevara and Nicole Wallace Starrer
  8. The Conjuring: Last Rites Is Now Streaming Online: Know Where to Watch the Latest Installment from the Horror Franchise
  9. Delhi Crime Season 3 OTT Release: Know When to Watch This Shefali Shah Thriller Series
  10. Vast Space to Launch Haven-1, the World’s First Private Space Station in 2026
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.