Home / Industry / Mobikwik ties up with street vendors association for cashless transactions

New Delhi: Mobile wallet company Mobikwik has tied up with the National Association of Street Vendors of India (NASVI) with the aim of extending cashless transactions to the offline segment of the population.

Around half of the three million street vendors who are part of this organization will be trained by Mobikwik in the next two months to carry out digital transactions.

“We will train 15 lakh street vendors in 2 months from now to enable them to transact digitally," said Upasana Taku, co-founder of Mobikwik.

“Due to demonetisation, street vendors all across India had lost 70% of their business and it has affected them badly. Therefore this partnership has come up to provide a solution to the current problem that we are facing and this will also make vendors aware about the cashless economy," said Arbind Singh, founder at NASVI.

Besides this, the organisation is also in the process of speaking to some mobile phone companies so that all vendors can have a smartphone to operate payments.

Mobikwik is also planning to launch language service for its Mobikwik Lite App in the coming week.

Under this , in the first phase several languages like Telugu, Gujarati among others are chosen in which the app can be made available, apart from English and Hindi (which is already in existence).

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