New Delhi, Mar 11 (GCBusiness) Fintech company MobiKwik announced that MobiKwik Payment Gateway, previously called Zaakpay, has consistently clocked an industry-best transaction success rate of over 93 per cent.
According to a statement here on Monday, MobiKwik’s average transaction success rate for credit and debit cards has been recorded in the range of 90-97 per cent and that for net banking has been in the range of 80-85 per cent.
MobiKwik’s Payment Gateway has recorded an average transaction success rate between 85-95 per cent over the last few months depending on the mode of payment, as against industry average of 65-70 per cent (for online transactions).
“In order to achieve the best success rate, we work very closely with our partners and through custom integrations provide best-in-class services which is not only scalable, reliable, but also has the best end user experience,” said MobiKwik Senior VP and Business Head for Payment Gateway and International Business Sushant Kashyap.
MobiKwik’s Payment Gateway was launched in the year 2011 with a vision to simplify payment systems in India. It has thousands of partners spread across a wide range of industries including grocery, travel, utilities, telecom, health, education, auto, finance and e-commerce.