MobiKwiks transactions worth over Rs1crore

State-run telecom operator BSNL and digital 
payments firm MobiKwiks co-branded  mobile 
wallet has registered transactions worth over
 Rs 1 crore within 45 days of its launch.

The wallet was launched in August by Telecom Minister Manoj Sinha. With over 1.5 million merchants on its network, the BSNL Wallet is largest wallet by any telecom company in the country. The wallet enables online recharges, bill payments, shopping and bus ticket booking.The companies expect a 10-fold growth in gross merchandise value (GMV) in the next 12 months, according to a statement. "...the co-branded wallet has registered over Rs 10 million GMV within the first 45 days of launch," it said.
"BSNL-MobiKwik wallet is an initiative to include semi-urban and rural India into the digital payments economy. We are enthralled by the initial response received, and hope to have 10-fold growth in GMV within the next 12 months," BSNL Chairman and MD Anupam Shrivastava said.