Mobikwik launches tool to auto manage reimbursements

New Delhi: Digital wallet company MobiKwik today announced the launch of a product that will allow companies to automate their employee reimbursements.

The employee reimbursement management product 'ReMP', will allow companies to automate HR reimbursements like food, travel and medical expenses quickly and easily with the wallet, a company statement said.

"ReMP is a win-win feature for both employees and corporates as this saves admin cost and processing time for the organisation and enables employees to manage the usage of their reimbursements since they need not carry an extra card or paper voucher as smartphones double up as their wallets," Vineet K Singh, Chief Business Officer at MobiKwik, said.