The Indian digital payment giant MobiKwik has announced that it is going to invest Rs 300 Cr (approx $48 million) in establishing the users base and to push trust loyalty.

The company is planning to offer rewards points for each transaction made through its wallet, instead of  providing cashbacks, as it is current model of digital wallet industry.

In an statement issued by MobiKwik Co-Founder Upasana Taku says “We aim to increase the number of our customers from 55 million users to 150 million users by the year end with the target of $10 billion in GMV (gross value of the goods).

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