Mobile wallet company MobiKwik has launched a product that companies can use to automate their staff reimbursements, including food and travel expenses, to run in sync with the digital wallet. Also Read - Mobikwik data leak: Personal data of 3.5 million users up for sale on dark web; company denies claimsAlso Read - Top 5 UPI apps you can use to transfer money in India: GPay, Paytm, more
“This will save precious time, effort and enhance efficiency of usage among both corporates and employees in addition to giving them more choice of outlets and reducing pilferage,” a MobiKwik statement said.
MobiKwik said the new product ReMP (Employee Reimbursement Management Product) would save administration cost and processing time for the organization. At the same time, it enables employees to manage the usage of their reimbursements since they need not carry an extra card or paper voucher as their smartphone doubles up as their wallet, Vineet K Singh, chief business officer at MobiKwik said. ALSO READ: MobiKwik to invest Rs 300 crore to increase its user base three times