LivQuik careers

LivQuik was acquired by M2P Fintech in September, 2021.

LivQuik is licensed by the Reserve Bank of India as a Prepaid Payment Issuer (PPI), as well as a Fulll Fledged Money Changer (FFMC). LivQuik is also a VISA Fintech Fastrack Program member.

LivQuik runs a Stored value (Prepaid) processing business (growing 30% mtm). The platform enables co-branding Gift and coalition loyalty cards for Retailers, Digital Lenders to disburse loans, Remittance providers to push money via the VISA network or in a closed loop. The platform is built on top of VISA's Digital Issuance stack, and has processed a cumulative value of ~$1bn+ with 100k+ daily transactions pre-Covid.

In 2018, Future Group, India's 2nd largest Retailer bought a 55% majority stake in LivQuik. In 2020, on the back of the pandemic and lockdowns, Future Group's debt levels spiralled and the entire group would be merged with Reliance - India's largest conglomerate in $3.4bn deal. Amazon, being an investor in Future Group objected the deal and the matter is currently being heard in the Supreme Court. LivQuik forfeited the shareholding of Future Group and thus M2P Fintech acquired LivQuik in September, 2021.