Indian bitcoin startup Unocoin has announced its partnership with mobile wallet giant MobiKwik. Starting this week, Unocoin users will be able to use bitcoin to load their MobiKwik.com wallet.

MobiKwik is a semi closed wallet and a leading mobile wallet in India. With this partnership, Unocoin aims to enable its users to topup their MobiKwik wallets through bitcoin.

“This partnership will help Unocoin users to use bitcoin across 50,000+ online merchants, 5000+ offline merchants and for utility bill payments through MobiKwik wallet” says Naveen C T, Head of Business Strategic Alliance at Unocoin. This service is now live on Unocoin.

Unocoin users willing to load their MobiKwik wallet using bitcoin will have to follow these steps:

• Sign-in to Unocoin account
   
• Click on the “More” => “Wallet Top-up” and choose MobiKwik wallet
   
• Users have to now key in their mobile number associated with their MobiKwik wallet and the amount in INR that they wish to load on their MobiKwik wallet
   
• They will receive an SMS confirming their MobiKwik wallet has loaded and an equivalent amount worth Bitcoin will be deducted from their Unocoin wallet.

As of now, the minimum amount that can be loaded into the MobiKwik wallet using bitcoin is INR 10 and the maximum is INR 2000.

The news follows the recent launch of Unocoin’s merchant point-of-sale mobile app, called “Unocoin PoS” for both Android and iOS devices, which will make it easier for physical stores in India to accept bitcoin for products and services.