MobiKwik Navigates Thin Margins in a UPI Dominated Market MobiKwik's recent financial reports have highlighted an intriguing dynamic in India's digital payments space.
The company has achieved two consecutive profitable quarters, but maintaining thin margins has become a significant challenge for players like MobiKwik amidst the rise of zero fee UPI transactions.
The introduction of United Payments Interface (UPI) by the National Payments Corporation of India (NPCI) has transformed the payment landscape in India.