On November 10, 2020 Mobikwik partnered with American Express (Amex) to launch its first ever Card, ‘MobiKwik Blue American Express Card’, a digital prepaid Card on Amex network. It is the 1st card for millennial users. It is the 1st prepaid payments card of Amex with a flexible credit limit. With this launch, MobiKwik becomes the first non-bank Indian company to become a member of the American Express network and issue Cards in India.
Key Info
i.MobiKwik, which has more than 120 million users of its wallet, aims to issue MobiKwik Blue American Express Card to at least one million users over the next one year.
ii.The card is a digital-only prepaid Card that can be generated out of MobiKwik App.
iii.It increases the presence of MobiKwik that allows users to pay at all Amex merchants, including top e-commerce stores like Amazon, Flipkart, Swiggy, etc.,
iv.This, furthers Mobiwik’s aspiration to become India’s largest Digital Credit platform
Gist about MobiKwik Blue American Express Card:
- The card can be availed at a free of cost.
- The users of the card get uptu Rs 10,000 in credit limit, with zero interest, for shopping
- The users can get up to Rs 100,000 of their MobiKwik wallet balance mirrored on the MobiKwik Blue American Express Card
- American Express® network offers a 1% MobiKwik SuperCash on card purchases.
About MobiKwik:
Headquarters– Gurugram, Haryana
Co Founder & CEO – Bipin Preet Singh
Co-Founder & COO(Chief Operating Officer)– Upasana Taku
Founded– 2009
About American Express (Amex):
Chairman & CEO– Stephen J. Squeri
HeadQuarters– New York, United States of America.
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