MobiKwik, one of India’s largest digital financial services platform today announced its entry into a new vertical in the travel category with its tie-up with ONN Bikes, a bike rental platform that simplifies the way people commute daily. MobiKwik users will be able to rent a bike, scooter or scooty through the Mobikwik app.
This alliance is aimed at making intra-city travel hassle free, affordable and convenient. The service will be live in 6 cities namely Bangalore, Hyderabad, Jaipur, Kota, Mysuru & Udaipur as a part of the launch and will expand to more cities in the near future.
- Launches rent-a-bike service on its app
- MobiKwik users can now rent a bike/scooter/scooty and pay via wallet
Two-wheelers are a preferred option across tier-1.2 and 3 towns and cities in India, owing to a variety of reasons including increased traffic snarls, increasing pollution levels, limitation of space. The Millennials increasingly prefer the rental route more rather than investing in buying their own vehicles. As an initial offer, MobiKwik users can use Supercash to get discounts of upto 5% of Supercash value.
Speaking on the launch of the new vertical, Mr. Bikram Bir Singh, Senior Director and Business Head, MobiKwik said “As per our internal research, there has been a huge surge in popularity of 2-wheelers in the rental space across tier-1/2 and 3 cities across a range of users, including women and the youth. We are committed to drive financial inclusion for a wider spectrum of Indians, beyond tier-1 towns and cities with more use cases and two-wheeler rental is a promising category. We are kickstarting this category with an association with ONN Bikes and are confident that this category will witness an impressive growth in the near future.”
Added Mr Akashdeep Singal, Chief Marketing Officer and Co-Founder, ONN Bikes said “We are excited about our partnership with MobiKwik. It is India’s 2nd largest mobile wallet and this partnership will help us to reach out to millions of new customers, across cities. Also, this association will offer convenience to commuters who will be able to rent a bike and make payments via MobiKwik app. We take pride in our strong fleet of 3500+ bikes with on ground presence in 10 cities in India. With MobiKwik as our ‘Partner of Choice’ in the mobile wallet space, we hope to reach out to more users and address their first and last mile connectivity issues for Indians.”
The Indian government has set a huge target of 30 billion transactions in the current fiscal year with mobile wallet companies expected to clock 6.3 billion transactions. Such alliances will help provide the necessary impetus for the growth of digital transactions in the country. After US and China, India too is now shifting its focus to have more of dock-less services to give customers a wonderful experience.
MobiKwik is India’s leading digital financial services platform, a mobile wallet major and a leading payment gateway. MobiKwik app is a leading mobile payment platform with a network of over 3 million direct merchants and 260 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised four rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments Net1 and Bajaj Finance. The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. It aspires to be the largest source of digital transactions in India and has a vision of enabling a billion Indians with one tap access to digital payments, loans, insurance and investments, by 2022.
About ONN Bikes
ONN Bikes is a bike rental platform that is helping simplify the way people commute daily, making travelling time efficient, hassle free & super affordable! It has a strong fleet of 3500+ bikes with on ground presence in Bangalore, Hyderabad, Mysore, Delhi NCR, Ahmedabad, Mumbai, Pune, Jaipur, Kota and Udaipur. It is creating multiple modes of commute – intra-city, inter-city, short distance rides, long duration leasing model etc. It has pioneered in launching dock-less scooter sharing service in India
Some of the brands taking benefits from its solution & services include Amazon, Uber, Ola, Swiggy, Foodpanda, Future Group, Elastic Run, Chai Point, Faasos, GoZefo, PharmEasy, NinjaCart, Urban Ladder, etc. among others in this segment. ONN Bikes is also the first rental start-up to diversify into B2B.