MobiKwik Ties Up With Big Bazaar For Wallet Payments:
The mobile payments platform MobiKwik and Kishore Biyani-led Big Bazar choose to tie-up and provide the retail firm’s customers to pay for purchases using a mobile wallet facility. At this modern age, any internet user or those who knows how to do the online transactions like online recharge or online shopping for their own choice and comfort ways.
For all this services, we know many online platforms for online shoppings, recharges etc. Among them, Mobikwik is a most popular mobile payments platform where anyone can purchase or do recharge by using the mobile wallet facility. So, for more ease, Mobikwik ties up with Big Bazaar for providing services to customers where any customer can pay for the purchase by using wallet payment services.
In the upcoming days, they will be extended their tie-ups with other Future Group entities like Central, Brand Factory, Home Town and e-Zone.
MobiKwik announced in their statement that “MobiKwik wallet users can pay through their mobile at any Big Bazaar payment counter by sharing their registered MobiKwik mobile number and a one-time-password (OTP) for verification of the transaction.”
By this mobile wallet facility, cashless and without using any card the shopping experience is now available over 240 Big Bazaar stores across India.
“As already said that MobiKwik plans to extend this partnership to other offline stores under the Future Group umbrella that includes Central, Brand Factory, HomeTown, e-Zone, among others and is assumed to do total 150 million transactions annually.”
The strategy of tie-up by MobiKwik is a part of the offline retail expansion, under which the company aims to tie up with 1.5 lakh offline stores and promote payments for 100 million users by 2015-2016.
The partners of MobiKwik’s include names like Cafe Coffee Day, WHSmith, PVR, Domino’s, Pizza Hut, Myntra, Jabong, MakeMyTrip, Yatra, BookMyShow, JustEat, eBay, ShopClues and Pepperfry.
“The MobiKwik Wallet combination will bring us closer to millions of customers and is an essential part of our multi-channel payments strategy. The operational performance will create meaningful value for our customers,” said by Future Group Founder and CEO Kishore Biyani.
They have over 17 million mobile wallet users and 50,000 merchants on board. MobiKwik founder and CEO Bipin Preet Singh said that “With the rapid use of smartphones, mobile internet, and e-commerce services by users in India, mobile wallets are now ready more than ever before to disrupt how payments are done in the country.”
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