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ONE MOBIKWIK SYSTEMS LIMITED “We are the largest Buy Now Pay Later (BNPL) fintech and one of the largest mobile wallets in India. Digitally paying users have been rapidly growing in India in the last decade, but the credit card penetration in the country is still only 3.5%. We are focused on addressing the unmet credit needs of the fast-growing digitally paying users by combining the convenience of everyday mobile payments with the benefits of BNPL. Founded in 2009 by Bipin Preet Singh and Upasana Taku, we commenced operations as a mobile wallet to make digital payments convenient for our users. Our use cases have since expanded to include bill payments, e-commerce shopping, food delivery, payments at petrol pumps, large retail chains, pharmacies, Kirana stores, etc. Our platform also enables peer-to-peer payments via Unified Payments Interface (‘UPI’), MobiKwik Wallet as well as MobiKwik Wallet to bank payments. Over the years we have amassed over 108 million Re

UNIFIED PAYMENTS INTERFACE Unified Payments Interface (UPI) was developed by the National Payment Corporation of India (NPCI) under the guidelines of the Reserve Bank of India. UPI is based on the Immediate Payment Service (IMPS) platform, which offers better security than other payment methods wherein details like credit card numbers etc., are sent. While using UPI, only a Virtual Payment Address (VPA) is used, whereas all the other details remain hidden. The UPI logo depicts a fast forward button in tricolour of the Indian Flag, which symbolises a fast method of payment.

BHARAT INTERFACE FOR MONEY  Developed by the National Payments Corporation of India, BHIM (Bharat Interface for Money) is a Mobile Payment App that uses Unified Payments Interface (UPI) to process payments. Its is named after Bhimrao Ramji Ambedkar and it was launched on December 30, 2016. It enables e-payments directly through banks, thereby encouraging cashless transactions. The logo for BHIM is a word mark comprising of text,  used along with a graphical element denoting fast forward in tricolour of Indian flag.