Mobikwik is a domestic online payment system which offers a semi-closed wallet service authorized by the Reserve Bank of India. Headquartered in Gurgaon and founded by Bipin Preet Singh and Upasana Taku in 2009, Mobikwik has tied up with various merchants making it a suitable payment option for e-commerce sites. It was initially a payment solution provider which extended its services to mobile apps over the years. Mobikwik got close to $ 5 million in its series A funding. Other major investments that it got was from Cisko, Amex and Treeline worth $ 25 million. Reserve Bank of India authorized Mobikwik with the Prepaid Payment Instrument license on 18 July, 2013. It can be used with more than 1 lakh online and offline avenues.