Indian mobile wallet company MobiKwik's nearby feature experienced over 2,500% increase in traffic since demonetisation, helping millions of users to identify cash deposit locations and food and shopping outlets that accept MobiKwik payments. The move has also helped the government target black money by making it harder for people who have large amounts stashed abroad to convert them into cash.
Indian mobile wallet company MobiKwik's nearby feature experienced over 2,500% increase in traffic since demonetisation, helping millions of users to identify cash deposit locations and food and shopping outlets that accept MobiKwik payments. "Demonitisation has changed the entire mobile wallet industry," said COO Mrinal Sinha.