(1) MobiKwik is a mobile walletand online payment systemwhere a user can store moneyin an online “wallet” to makemobile and DTH recharge, payutility bills, and shop at listedmerchants. It provides usersthe option to add money usingtheir debit or credit card,net banking, and ‘cash pay’, adoorstep cash collection service.MobiKwik wallet is a semiclosed wallet authorized byReserve Bank of India.