MobiKwik is an Indian mobile wallet company that offers users a virtual wallet to make online and offline payments. It generates revenue through commissions from bill payments, shopping transactions, and deposits from customers which are invested. While it faces competition from other mobile payment apps like Paytm and Freecharge, MobiKwik has over 26% reach among Indian users according to surveys. It provides offers and cashbacks for payments and shopping at various online and offline merchant partners to drive transactions on its platform.