MobiKwik has announced that its users will be able to transfer money instantly to any bank account at zero per cent fee.

With serpentine queues outside ATMs continuing to hassle cash-strapped public, mobile wallet companies are rolling out offers to woo customers to move to their digital payment platforms.

MobiKwik has announced that its users will be able to transfer money instantly to any bank account at zero per cent fee.

The move, Mobikwik believes, will encourage retailers, shopkeepers and users to use mobile wallet and overcome the challenges that they are facing in procuring and using cash.

“We support Indian government’s bold currency reform, that is a long-term move to eliminate black money and corruption in India. However, masses are facing issues in procuring and transacting in cash. To help them overcome this challenge, we have announced zero per cent fee on bank transfers,” Mobikwik co-founder Bipin Preet Singh said.

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