MobiKwik wallet is an online prepaid account where a user can store money, to pay mobile recharge,DTH,electricity bill and pay on online shopping sites . The MobiKwik wallet has to be loaded with money once before it can be used across functions. MobiKwik provides users the option to add money using their debit or credit card, net banking, and ‘cash pay’, a doorstep cash collection service. MobiKwik wallet is a semi closed wallet authorized by Reserve Bank of India. Currently used by 8 million users, the prepaid wallet concept is projected to cross 10 Million user base by end of November, 2014.