This is a rubbish offer from Mobikwik. Why first transaction required? There are better first transaction offer than this on Mobikwik itself. I recharged ₹199 got ₹100 supercash. Redeemed ₹50 supercash doing DTH recharge.
Because offer is mainly targeted to those users who never use MobiKwik regularly. For that I use MobiKwik for DTH and other payments except Mobile Recharge( until 10PE10 offer comes).