In this article, I will walk you through the process step-by-step if you want to transfer money from Mobikwik zip to bank transfer. All you have to do is carefully follow the instructions provided in this article.

Many users of MobiKwik Zip Later receive money, but they have trouble transferring it to their bank accounts. Let’s look at the solution in more detail.

What is Mobikwik Zip Pay Later?

• You can spend up to Rs. 60000 using MobiKwik’s innovative product, ZIP PayLater, without adding more cash to your wallet. You have the option to use your ZIP balance to make a transaction and pay the bill afterwards.

MobiKwik Zip is a “Buy Now, Pay Later” (BNPL) feature provided by MobiKwik, a popular digital payment platform in India. It allows users to make purchases or pay bills using credit and repay the amount later, typically within a set billing cycle. Here’s how it works:

Mobikwik Zip Pay Later Features:

1. Instant Credit: Eligible users get a credit limit to spend via MobiKwik.
2. Cycle of Repayment: Depending on their billing cycle, users must return the money they used within 15 to 30 days.
3. Zero Interest: If you make the repayment by the deadline, usually, no interest applies.
4. Use: You can apply this payment method to online purchases, bill payments, and other transactions on websites that accept MobiKwik payments.
5. Fees: If you miss the deadline, the organization may impose penalties or late fees.

Method 1: Mobikwik zip to bank transfer

Carefully follow the instructions listed below to move money from your Mobikwik zip to bank transfer:

1. Launch the Mobikwik app first. Verify the app’s update status by clicking the provided link.
2. Next, select “All Services.”
3. There will be a “Pay Rent” option visible. Select it.
4. Put in your PIN and address.
5. Proceed to input your UPI ID, IFSC code, or bank account number.
6. Once you enter the desired withdrawal amount, we will transfer it to your bank account.

Note: Be aware that some banks may charge a 2.4% fee for withdrawing money via Mobikwik zip to bank transfer. Keep this in mind while making the transaction.

Method 2: Step-by-Step Guide to Transfer Money from Mobikwik zip to bank transfer:

The steps below should be carefully followed in order to transfer money from your Carefully follow the instructions listed below to move money from your Mobikwik zip to bank transfer::

1. Open the MobiKwik app and log in.
   Launch the MobiKwik app, then enter your login information to log in.
2. Proceed to the MobiKwik Zip Area
   To view your available balance, navigate to the “MobiKwik Zip” or “Zip Later” section.
3. Use Third-Party Platforms
   MobiKwik does not support direct bank transfers from Zip.However, you can transfer money indirectly by using services like PhonePe, Amazon Pay, or Paytm by doing the following:

• Step 1: Use your MobiKwik Zip Later credit to add money to a wallet (such as Paytm or Amazon Pay).
• Step 2: Deposit the money into your bank account from that wallet.

1. Be Aware of Fees and Limitations
   Verify if the wallet or MobiKwik Zip have any limits or transaction fees.
2. Payback
   Make sure you pay back the amount you used from your Zip balance within the billing cycle to prevent late fees or interest.

Also Read : How to close amazon pay later

Mobikwik Company Details

In 2009, Bipin Preet Singh and Upasana Taku founded MobiKwik, an Indian digital payment company. It functions as a financial technology (fintech) platform that offers bill payment, mobile recharge services, digital wallets, and Buy Now, Pay Later (BNPL) options similar to MobiKwik Zip.

Key Information:

• Headquarters: Gurugram, Haryana, India
• Founders: Bipin Preet Singh and Upasana Taku
• Founded: 2009
• Services:
  • Digital wallet
  • UPI payments
  • Bill payments & recharges
  • MobiKwik Zip (BNPL)
  • Loan services
  • Insurance & mutual fund investments

Achievements:

• On its platform, there are over 3 million merchants and over 120 million users.
• Acknowledged as one of India’s top fintech businesses.
• Partnered with well-known stores and online marketplaces to provide easy online payments.

FAQs

How does MobiKwik ZIP PayLater work?

Using ZIP Pay Later is quite simple. They give you a credit of up to Rs 60,000. With that money, you can purchase groceries, meals, medications, and other items online, pay your bills using a ZIP code, and shop for anything you like. The billing cycle you selected, either 15 or 30 days, will determine how they create your ZIP bill. This means you can shop as much as you like and only make the repayment later.If the user pays the bill on time, MobiKwik issues a credit with no interest.

How to increase credit limit on MobiKwik ZIP Pay Later?

By using your current limit to its maximum limit each cycle, you can raise your ZIP Credit limit.
By using ZIP PayLater on maximum brands for bill payments, shopping, travel, and food and beverage, and by paying your bills on time