Do you have a Mobikwik ZIP pay later? If yes then don’t go anywhere else. This article will help you learn how to use Mobikwik ZIP balance. Not only this, but we will also share the trick to transfer your Mobikwik ZIP balance to a bank account.
Mobikwik is a payment app that allows you to send and receive money, pay bills, and more. Not only this, but it also has a pay later that is Mobikwik ZIP. Like Paytm Postpaid and Flipkart Pay Later, Mobikwik ZIP is also a buy now pay later service.
In this blog post, we are going to talk about Mobikwik ZIP balance. So, If you want to know how to use Mobikwik ZIP balance, then read this article from the beginning to the end. Without further delay, let’s dive into it…
Where to Use Mobikwik ZIP Balance?
Before learning how to use Mobikwik ZIP balance, let’s first know where you can use your Mobikwik ZIP balance. Mobikwik ZIP – ‘Spend Now, Pay Later‘ is a credit service offered by Mobikwik in partnership with IDFC First Bank, LendBox, and SMFG India Credit.
When you download and register on the Mobikwik app, you will see the ZIP option in their app. If you want to use Mobikwik ZIP Pay Later, then you need to activate it first.
Once activated, your credit limit will be transferred to your Mobikwik digital wallet. You can use that credit for – bill payments, shopping online, food orders, grocery orders, and more.
Mobikwik ZIP balance is accepted at more than 1 lakh merchants such as Flipkart, Myntra, Swiggy, Zomato, PharmEasy, and more.
How to Use Mobikwik ZIP Balance?
We have already told you that you can use your Mobikwik ZIP balance for food orders, recharge and bill payments, medicine orders, online shopping, and more. Now you might be wondering how to use Mobikwik ZIP balance.
Here, we will let you know how you can use your Mobikwik ZIP balance for shopping online, recharge and bill payments.
Use Mobikwik ZIP for Shopping Online
If you want to do online shopping with Mobikwik ZIP balance, then you can do it on Myntra or Flipkart. Let us talk about how you can shop with Mobikwik ZIP balance on Myntra. Follow the steps mentioned below:
- Open the Myntra app or visit its website.
- Select and add a product to your cart.
- Proceed to payment.
- Select Mobikwik as your payment method.
- Complete the payment.
Use Mobikwik ZIP for Recharge and Bill Payments
To recharge and pay bills using your Mobikwik ZIP balance, stay logged into your Mobikwik account. On the Mobikwik app or website, you can easily pay your bills through ZIP balance. Follow the steps mentioned below:
- Open the Mobikwik app or visit its website.
- Go to the ‘Recharge and Bill Payments‘ section.
- Choose whether you want to pay some bills or recharge your mobile or any other.
- Proceed to checkout
- Pay the amount through your ZIP wallet balance.
- After that, your transaction will be successfully completed.
Also Read: How to Use Smytten Wallet Money
Mobikwik ZIP to Bank Transfer
There is no option on the MobiKwik app or website to transfer your ZIP balance to your bank account. So, you can’t transfer your Mobikwik ZIP balance to a bank account.
Alternatively, you can use your Mobikwik ZIP balance for shopping, bill payments, and more. But, if you don’t know how to use Mobikwik ZIP balance, then read the above-mentioned guide.
There, we have explained how you can use Mobikwik ZIP Balance for online shopping, recharge and bill payments.
Related Post: How to Transfer Money from Simpl to Bank Account
Conclusion
Now, we have come to the ending part of this comprehensive guide. If you are reading this article till this part then it is sure that you have learned how to use Mobikwik ZIP balance.
Not only this, but you have also come to know whether you can transfer your ZIP balance to a bank account or not.
If this guide helped you get the solution, feel free to share this article with your friends, groups, and social media handles.
Related Posts:
Frequently Asked Questions
Q. Can I transfer the Mobikwik ZIP balance to a bank account?
No, you cannot transfer your Mobikwik ZIP balance to a bank account. You can use your ZIP balance for shopping online, bill payments, food orders, and others.
Q. Is Mobikwik’s ZIP card a credit card?
Mobikwik ZIP is a ‘Spend Now, Pay Later‘ service. It is not a credit card, but it something works like a credit card. Like a credit card, it offers you a credit limit to spend and you have to pay the bill at the due date.
Q. Does Mobikwik ZIP affect credit score?
Yes, it may affect your credit score negatively if you don’t pay your dues timely. There are various reasons for which it may affect your credit score, but the common reason is pending dues. So, always clear your dues on time.
Q. Can I use MobiKwik ZIP in the petrol pump?
Mobikwik ZIP is not accepted at all petrol pumps. Only a few petrol pumps in urban cities accept Mobikwik ZIP balance as payment.
Q. How to increase the Mobikwik ZIP limit?
To increase your Mobikwik ZIP limit, pay your dues on time and shop more using your ZIP balance. It is not obvious that your ZIP limit will be increased, it may take time to increase your ZIP limit.