MobiKwik receives $40 million in funding 
Mobile payment startup MobiKwik on Friday raised $40 million in funding from NASDAQ-listed transaction processing services provider Net1. The South African company will integrate its 'virtual card' technology into MobiKwik's wallets. Founded in 2009, Gurgaon-based MobiKwik claims to have 32 million mobile wallet users and one lakh retailers onboard.