Mobikwik receives NHAI nod to digitise payments for 391 pan-India toll plazas

25 November, New Delhi

Leading mobile wallet firm in India, MobiKwik, Friday announced that its wallet service will soon be live at 391 toll plazas in India.

The company has received an approval from NHAI to enable commuters across all toll plazas in the country to pay cashless through its mobile wallet to avoid traffic congestion due to cash crunch.

Commenting on this, Bipin Preet Singh, Co-founder, MobiKwik said, ”We appreciate NHAI’s support in making wallet payments ubiquitous in India. Commuters across the country can soon pay cashless at all toll plazas using their MobiKwik wallet. We have taken this step in the wake of demonetisation, to avoid congestion at highways, owing to the ill effects of cash crunch.”

Post-demonetisation, NHAI has announced no charge at all toll plazas in India till December 2, 2016. However, the scarcity of physical cash is expected to impact the smooth traffic at tolls after this date, given that masses are still struggling to procure cash. To solve this issue, MobiKwik has been roped in to digitise toll plazas in India.

In time of note ban paralysing payments for the country, MobiKwik has taken many initiatives to ease the common man’s life. The company was the first in the financial sector in India, to announce FREE bank transfers that motivated millions of sellers and buyers to transact cashless.