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Digital Financial Security – How MobiKwik Handles App Security Better?

Digital Financial Security - How MobiKwik Handles App Security Better? RVCJ Media


Digital Financial Security – How MobiKwik Handles App Security Better?

Digital payment platforms are becoming increasingly popular. MobiKwik is one of the most popular digital payment applications in India. It has been around for a long time and has a wide range of features. MobiKwik offers its users a lot of options to manage their money and make payments. The company also allows its users to download their payment application for free.

One amongst the most significant aspects of any online payment app is its security system. MobiKwik has done a good job when it comes to keeping its own users’ data safe from cybercriminals, hackers, and other third-party impostors.

But what makes MobiKwik so different from all other online payment platforms? What distinguishes it from the competition? Let’s find out how this company manages the security of its users’ personal information better than any other platform.

Biometric Locks

MobiKwik uses Biometric locks to secure the app. They can be used for both passwords and fingerprints. A biometric lock is more secure than a PIN or password because it doesn’t rely on your memory but requires the user to physically input their unique data into the device before accessing the app.

This implies that if someone attempts to steal your phone, they won’t be able to use your information unless they also have access to your biometrics and physical access.

Host Card Emulation (HCE) Powered Technology

Host Card Emulation (HCE) Powered Technology is a technology that allows mobile devices to emulate a smart card. It’s the most secure way of making a payment and offers more comfort for users because it doesn’t require them to enter their PIN or password every time they want to use their digital wallet.

MobiKwik has been using HCE since its inception, which means that your money is safer than ever before! MobiKwik is one of the safest digital payment platforms, as it uses HCE on all transactions made through its platform.

Address Verification System (AVS) Check

The Address Verification System (AVS) is a security feature that checks the cardholder’s address. It prevents fraud by verifying that your billing address and ZIP code match those on file with your bank.

MobiKwik has implemented AVS in all its services, which means no one can use another person’s identity to make purchases.

Safe Transactions through Secured Channels

MobiKwik is an online payment application that allows you to store your money and make payments. It has a secure payment gateway leading all transactions through encrypted channels. The data used in these transactions include a user’s name, address, and credit card number. This information is not stored on MobiKwik but on their servers, ensuring that no one can see it or hack into them without getting caught by their security measures first.

MobiKwik uses 256-bit SSL encryption standards for all site activity, including the login page, purchase pages, orders tab, checkout process, etc. It ensures there is no possibility of anyone accessing sensitive data like passwords or bank details while doing business with them via mobile apps.

PCI DSS and P2PE Standards Compliance

PCI DSS is a set of security standards that all merchants who accept credit card payments follow. These standards include:

  • Data Security Standard (DSS): The purpose of this standard is to protect cardholder data from unauthorized access, use, or disclosure.
  • Common Criteria Evaluation Assurance Level 3 (CCEAL3) certification: This evaluation level means that the company has demonstrated its ability to comply with all requirements in the below list by completing one or more evaluations based on either assessment or experimentation/evaluation against each requirement as applicable:
  • Risk Assessment: Identify risks and vulnerabilities; implement controls appropriate for those identified risks; verify control effectiveness by periodic testing.
  • Protection Profile Management: Develop a process that includes management information systems (e.g., risk-based monitoring) for obtaining required information about protection policies and procedures used throughout the organization’s entire operation, including at all locations where transactions take place – inclusive of ATMs & Branches, etc., along with their processes related to authorization management system and fraud detection capabilities, etc. Establish regular periodic reviews internally so that any issues identified during these reviews can be addressed quickly before they become larger problems affecting customer experience negatively.

Fraud Mitigation and Monitoring Systems

Fraud Mitigation and Monitoring Systems are used to detect and prevent fraud. The system is designed to detect fraudulent transactions on the mobile app, which merchants can use for reporting fraudulent activities as well as for improving their customer experience by reducing the risk of potential losses.

The MobiKwik fraud mitigation and monitoring system has been built using cutting-edge technologies such as artificial intelligence (AI), machine learning algorithms, and deep learning models, focusing on detecting fraudulent activities quickly.

It doesn’t require any manual intervention from the merchant or his team members at any stage during the transaction lifecycle. In addition, it ensures that even if one person commits fraud, no other party will be affected because they share a common database that contains all information related to each transaction, including its source code.


In conclusion, MobiKwik is one of the most secure digital payment platforms in India. It provides basic security features, including two-factor authentication and two-step verification options. It also provides additional security features, such as the ability to lock your account remotely if you suspect that someone is secretly trying to access it. And also a notification system that will send you an alert when someone tries to log into your account from a suspicious IP address.

So, if you want a secure digital wallet app, then MobiKwik is what you need. It is not only safe and secure but also convenient.

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