MobiKwik Relaunches Zaakpay as 'MobiKwik Payment Gateway'

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By Indo-Asian News Service | Updated: 5 October 2017 10:39 IST

Indian mobile wallet major MobiKwik on Wednesday said it has relaunched its payment gateway Zaakpay as "MobiKwik Payment Gateway".

According to the company, the new-age payment gateway has been introduced with proprietary features to ensure security of transactions.

MobiKwik Payment Gateway is a highly secure platform that works with different levels of security - encryption of all transactions, sensitive data storage with multiple levels of encryption, and API-level security.

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With a strong focus on system security, the company said, the new payment gateway has 24X7 physically monitored data centre with restricted and logged access, system level firewalls, and hardware level encryption.

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"MobiKwik's revamped payment gateway deploys strict measures that are on par with the measures adopted by the best banks," Bipin Preet Singh, Chief Executive Officer of MobiKwik, said in a statement.

The statement said MobiKwik Payment Gateway has already done transactions totalling $1.8 billion (roughly Rs. 11,719 crores) this year.

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The company aims to have over transactions totalling $5 billion (roughly Rs. 32,557 crores) on the platform by end of FY2018, it added.

 

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Further reading: MobiKwik, Zaakpay, Internet, Apps, India
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