MobiKwik and Poonawalla Fincorp have partnered to provide instant personal loans to customers, allowing for quick access to funds through a seamless digital platform.
In an exciting new development for India’s financial ecosystem, MobiKwik, a leading digital wallet and payment platform, has announced a strategic partnership with Poonawalla Fincorp to provide instant personal loans to its customers. This collaboration, which was revealed on April 22, 2025, is set to revolutionize the way individuals access credit in the country.
MobiKwik, known for its user-friendly payment solutions, has teamed up with Poonawalla Fincorp, a prominent non-banking financial company (NBFC), to enable its users to avail of personal loans instantly through their mobile devices. The initiative is aimed at enhancing financial inclusion by offering easy access to funds for people in need of quick financial assistance.
Through this partnership, MobiKwik users will be able to apply for personal loans directly through the MobiKwik app, with the entire process, from application to approval, being completed in a matter of minutes. The partnership leverages Poonawalla Fincorp’s expertise in lending along with MobiKwik’s robust digital platform, ensuring a smooth and hassle-free experience for consumers.
This collaboration also marks a significant step in India’s growing fintech sector, where digital lending is becoming increasingly popular as a means to bridge the gap for individuals without access to traditional banking services. Instant loans, which can be approved quickly and transferred directly to bank accounts, are a key part of this evolution in the financial landscape.
With digital transactions on the rise and a growing number of Indians adopting mobile payment platforms, the collaboration between MobiKwik and Poonawalla Fincorp is expected to drive significant growth in the digital lending space. Both companies aim to create a seamless and user-friendly process, allowing more people to access the financial support they need at their fingertips.
The partnership also highlights the increasing convergence of technology and finance in India, where companies are leveraging innovative digital solutions to transform the way people manage and access money.
This initiative could potentially make a major impact on financial inclusion in India, especially among young professionals and individuals in urban and semi-urban areas who are looking for convenient and quick financial solutions.
As the fintech sector continues to evolve, this collaboration sets a new standard for digital lending in India.
