Truecaller has been one of the most successful caller ID apps today with over 250 million active users globally.

India-based mobile wallet company MobiKwik has entered the short-term consumer loan segment, claiming to be the first wallet company in India to roll out this service, according to the release.

MobiKwik aims to become a one stop solution for all deal seekers in India.

MobiKwik plans to to collate users' transaction history and draw credit profiles, as it expects to grow user base from 32 million presently to 150 million in two years.

Mrinal Sinha, COO of MobiKwik, said that the partnership will benefit users on a large scale as now they don't have to worry about paying in cash.

With an average 40,000 transactions in a day, Jugnoo expects about 25% of payments through cashless transactions with this new tie up.

The ability to add these features with almost no investment or changes required at the merchant’s end is a definitive example of the flexibility of MobiKwik’s offering. MobiKwik is also the lightest mobile wallet app in the country.

The recharge call to action is embedded right next to SMS so one doesn't have to navigate or install different apps.

Partnerships are the way to expand your market in wallet industry in India.

Delhi leads bus bookings on the MobiKwik platform, followed by Bangalore, Pune, Mumbai and Kolkata. Maximum number of booking are made on the MobiKwik app (85%), followed by the MobiKwik website (15%).

MobiKwik has the highest reach in offline cashless payments and has over 30 million users currently.

MobiKwik is the biggest autonomous mobile payment network that unites 30+ million users with 75,000+ retailers.

Digital wallets and e-commerce companies such as Paytm and MobiKwik often offer cashback incentives to users making payments through them.