MobiKwik Launches Digital Ticketing for Mumbai Metro One
Indian Mobile Wallet Major, MobiKwik has partnered with Reliance Infrastructure-led Mumbai Metro One for digital ticketing. The tie-up enables purchase of tickets and recharging metro cards on the go, seamlessly within seconds. MobiKwik has introduced a metro section in its app for seamless recharge and ticket bookings.
Under the metro section on MobiKwik app, commuters can recharge their metro cards in just 2 steps, by entering their Metro card number and the amount. The process can be completed under 10 seconds. Mumbai Metro has 12 stations under its route in operation.
Speaking on the launch, Vineet Singh, Chief Business Officer at MobiKwik said, “Further speeding the journey of Mumbai Metro’s commuters, MobiKwik is offering in app card recharges and QR code token payments at all metro stations. We are very excited at the prospect of being a part of over 3.9 lakh Mumbaikars’ lives every day and in partnering with Mumbai Metro to provide its commuters a seamless journey.”
A Mumbai Metro One spokesperson said, “We are living in times when innovative use of digital technology can help a customer-centric transport utility like Mumbai Metro One make the life simpler and more convenient for its commuters. We at Mumbai Metro One continuously strive to make the 21- minute journey more pleasurable for our commuters through innovations. We are proud to announce our tie-up with MobiKwik for seamless recharge and ticket bookings.”
Last quarter, MobiKwik had announced its partnership with Mumbai’s famed kaali-peeli ride-hailing app, “Aamchi Drive”, as its official wallet partner. The tie-up came as a boon for customers, enabling them use the app swiftly and securely for their journey. The wallet major has also partnered with BEST for booking of tickets.
The foray of MobiKwik into the travel space comes against the backdrop of significant rise of business in the online travel market, thanks to millennial and the digital India initiative driven by Prime Minister. According to Internet and Mobile Association of India, online travel market was estimated to be over $10 billion.
MobiKwik is named to reckon with in the fast-growing mobile wallet market space in India today. It has a network of over 20,00,000 direct merchants and 65 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. MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for Bhopal Plus, Bangalore One, GSRTC, Amul, Verka, Mother Dairy, Safal, NHAI, Bharat Petroleum, Indian Oil, Amul, Verka, IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip. The company has tied up with BSNL to create co-branded mobile wallet for their 120 million customers.
About Mumbai Metro One
Mumbai Metro One Private Limited (MMOPL), is a Special Purpose Vehicle (SPV) created to develop, implement and operate Mumbai’s first Metro Line, on a Public Private Partnership (PPP) model. It is a consortium formed by Reliance Infrastructure Limited, MMRDA and Veolia Transport SA of France with 69%, 26% and 5% stakes respectively. The 11.40 km long Versova-Andheri-Ghatkopar corridor that provides connectivity between Western and Eastern Mumbai was awarded to MMOPL for the Concession period of 35 years. The corridor has 12 stations and has reduced the travelling time of Mumbaikars from 90 minutes to 21 minutes.