How do mobile wallets afford to give upto 100% cashback?


How do mobile wallets give huge casbacks of up to 100 per cent? Keep an eye on this ask expert thread to know more

Most of the mobile wallets offer very high cashbacks to customers- sometimes even upto 100% cashback. How do mobile wallets afford to give upto 100% cashback? How do they justify such high spends on offering cashbacks?