MobiKwik's payment gateway offers a pre-paid digital wallet for consumer payments, pay later options, money transfers, loans, and investments, enabling users to make wireless payments for phone recharges, online shopping, and movie tickets without a credit card or bank account. With a credit card penetration rate of only 3.5% in India, MobiKwik launched digital credit in 2018 to cater to the credit needs of digitally-savvy users and now has 30 million credit pre-approved users. MobiKwik's fast-growing fintech business achieved profitability in two quarters in 2021 and ended FY2022 with INR 5.4 bn in revenue, an 80% YoY growth.