Hike Wallet crosses 5 million transactions per month, becomes the fastest growing Wallet in India in just 5 months

  • Launches an innovative campaign to increase transactions and number of Hike Wallets
  • Hike users can gift free money up to Rs. 1L to their friends, groups in the Hike Wallet
  • Introduces new features for the best Groups experience — Vote, Bill Split, Checklists, Events with Reminders and Teen Patti

November 16: Hike Messenger, India’s first homegrown messaging app today announced Hike Wallet crossing 5 million transactions every month. The Hike Wallet has seen a growth of over 30% month-over-month, in just 5 months from launch of Hike 5.0 and Wallet. This makes Hike Wallet the fastest growing Wallet in India. Hike is the first messaging app to integrate payments in India and has seen a phenomenal response in the adoption of the Wallet with even a simple set of services like Recharge & P2P.

To make even more people experience the Hike Wallet, Hike has launched an innovative campaign wherein Hike users can gift free money to friends and groups and receive money in the Hike Wallet. And Hike has added great new features to the Group experience to make it more fun and useful.

Do more than just messaging with Groups on Hike

There hasn’t been much innovation in Groups in the last 5 years and Hike is on a path to change that. In the first version, there are a bunch of new really useful tools all built inside the chat and available at a single click. Groups can use — Vote, Bill Split, Checklists, Events with Reminders and even Teen Patti — with great ease and without the cumbersome effort of using multiple apps. And all this can work with a group size of upto a 1000 members!

Gift Free Money to Friends and Groups and earn upto 1 lakh for Free!

Many of the Hike users want to add their friends and groups onto Hike in a simple way, almost like a one-click experience. And this is what has been made possible now. As a part of the campaign, Hike users can opt in and gift free money to their friends and groups and Hike users can receive upto Rs. 1 lakh in the Hike Wallet. More than 100 million people have received free money from their friends on Hike so far. The money received in Hike Wallet can be used to Send Money, exchange Blue Packets & do Mobile Recharges. Over the next few months, many more services like Cabs, Movies, Bus & other tickets will be available!

According to Pathik Shah, VP Product at Hike Messenger, “We are excited to see the Hike Wallet cross 5 million transactions per month so quickly. Given the tremendous growth we’re seeing, we’ve decided to double down and have launched an innovative campaign for users to gift free money to their friends and groups and also introduced new features to enable a great Group experience.”

About Hike Messenger

Hike Messenger is the first messaging and social technology company made with love in India. It simplifies how people connect with others and changes the way they interact with content and services on mobile. It is the only successful Indian messaging platform with scale.

Hike was launched on 12/12/12 and acquired a user base of over 100 million in January 2016. In August 2016, Hike raised its fourth round of funding of USD 175 million led by Tencent and Foxconn at a valuation of USD 1.4 billion, making it the fastest company in the India to attain a valuation of USD 1 billion, having reached the milestone in just 3.7 years. Investors in Hike include Tencent, Foxconn, Tiger Global, Softbank and Bharti. Apart from these, some of the top tech veterans from the Silicon Valley have also invested in the company and are advisors.

Today, Hike has over 300 employees spread across 2 offices in Delhi and Bangalore.

On the back of the growing popularity of its new features, Hike has risen to #1 on the Google Play Store as well as the iOS App Store and continues to see a lot of traction.