MobiKwik was established in 2009 by a couple of groups Bipin Preet Singh and Upasana Taku. Singh and established in a 2002 alumni of IIT Delhi then saw a chance to improve versatile revive alternatives. He built the organization with 250 thousand dollars of his own cash, built up the site and installment alternatives, and leased office space in Dwarka, Delhi.

The organization at first cooperated with online vendors to make their wallet accessible as an installment choice on online business destinations. MobiKwik propelled an e-wallet framework in 2012 that empowered clients to store cash online to use for charge installments and different highlights. They additionally presented the component of sending and getting cash by means of a versatile application. In September 2014, Express Computer revealed how MobiKwik was banding together with GoDaddy and other global organizations to assist them with consenting to Indian installment guidelines. In June 2017, 80 percent of India’s varied wallet exchanges showcase was performed by Paytm, ITZCash, and Mobikwik. 

In March 2017, MobiKwik’s biggest rival was Paytm.In April 2015, MobiKwik was utilized by 15 million clients and professed to include one million new clients consistently, as per Forbes India Magazine. In an organization with CashCare. In 2016 Indian banknote demonetization in November 2016, MobiKwik understood a 400% expansion in budgetary exchanges utilizing the administration by late December 2016. In February 2017, the organization reported designs to contribute around USD 45 million to extend its client base from 50 million to 150 million clients in 2017. 

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