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Xtra the Mobikwik’s flexible investing product

October 07, 2022

Xtra the Mobikwik’s flexible investing product
The largest independent mobile payment network in India, MobiKwik links over 30 million consumers with 75,000 merchants. You can use it to make one-tap purchases at your chosen stores, pay bills, recharge, send money, and accept payments.

Do you recall the excruciating wait you took to purchase a bus ticket Or the time you lost a whole day waiting in line to pay an electricity bill only to find your wallet was stolen.

It’s time to stop using cash and pay quickly! You can now pay your bills instantly, recharge your phone, or purchase at your favourite retailers with just one tap! Additionally, you may take advantage of fantastic promotions and receive cashback on every MobiKwik transaction.

According to MobiKwik, India’s leading fintech startup, the launch of Xtra will soon give a billion phones access to financial services. Xtra is a novel approach to investing designed to meet the needs of young investors. It has no lock-in, daily interest credit at up to 12% annually, and a low initial deposit requirement of just INR 1,000. The Xtra offering aims to establish a new investing pattern among users of the user-friendly MobiKwik mobile app.

90% of Indians lack access to the appropriate financial products and the knowledge to make the most of their money. Every Indian is expected to save more money with the help of Xtra, which shows the best interest rate. With Xtra, customers can support and make money for brief periods of time or over longer periods of time.

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