Tag: MobiKwik

Big Bazaar teams with one of India’s largest mobile payments companies

| July 15, 2015

Big Bazaar and MobiKwik enter into ambitious partnership

Big Bazaar, one of the largest per market chains in India, has partnered with MobiKwik, a mobile wallet platform, in order to better engage mobile consumers. Together, the two organization intend to further expose consumers to the concept of mobile payments, which are becoming more common within India’s retail space. The demand for mobile payments support in physical stores is on the rise, as paying for products with a smartphone is seen as a more convenient way to make purchases.

MobiKwik to support mobile payments made in the retail sector throughout India

Now, those with a MobiKwik wallet will be able to use the platform to make a payment at Big Bazaar payment counters. There are now 240 Big Bazaar stores that support these transactions throughout the country. The partnership with Big Bazaar represents MobiKwik’s continued interest in expanding into the offline market. MobiKwik has come to hold a prominent position in the e-commerce space, but believes that the offline market is poised to experience healthy growth in the coming years. As such, the organization intends to support mobile payments being made in physical stores.

Future Group will begin embracing mobile commerce more aggressively

Mobile Payments - PartnershipThe partnership between the two companies will extend to other entities that are part of Future Group, the organization that owns Big Bazaar. Other retailers will be able to support MobiKwik payments in the coming years, allowing more consumers to rely on their smartphones to shop for and purchase products that they may be interested in.

Partnerships are becoming more common in India’s mobile payments market

The partnership between Big Bazaar and MobiKwik is one of many that have taken form in India in recent years. Many of these partnerships are focused on the expansion of mobile payments, as India represents one of the most promising mobile markets in the world currently. These partnerships are expected to become more common as mobile commerce continues to gain support from consumers that enjoy shopping and paying for products on their mobile devices.

Mobile payments firm aims to expand transactions throughout India

| July 6, 2015

MobiKwik partners with WHSmith India to make mobile payments possible in physical stores

MobiKwik, a mobile payment firm, has partnered with WHSmith India in order to facilitate mobile transactions at physical stores. Mobile commerce has taken off in India, where many consumers are showing favor for shopping for and purchasing products with their smartphones and tablets. The majority of this shopping is happening online, but demand for in-store support of mobile payments has been on the rise in recent years. As such, mobile wallets are becoming more popular and retailers are feeling the pressure to accommodate consumer interests.

Firm envisions a future where all retailers embrace mobile commerce

MobiKwik is one of the more prominent mobile payments firms in India. The company has enabled some 17 million users to make mobile transactions with more than 50,000 retailers in India. MobiKwik is currently working to expand its offline presence, supporting retailers in embracing mobile consumers in their physical stores. Part of doing this involves enabling retailers to accept payments being made by a mobile device.

WHSmith India stores will function as MobiKwik Nodes

Mobile Payments to ExpandThrough its partnership with MobiKwik, WHSmith will become a “MobiKwik Node.” This means that the retailer’s physical stores will accept mobile payments and they will also serve as a place where consumers can add funds to their mobile wallets. According to MobiKwik, approximately only 0.7% of the 40 million small-to-medium enterprises in India currently accept electronic payments. The firm hopes to change this in the future by enabling these organizations to engage mobile consumers more effectively.

Mobile commerce likely to accelerate in India as more consumers make use of services that facilitate payments

Mobile payments are expected to become increasingly common in India in the coming years. The country already represents one of the fastest growing mobile markets in the world and is home to a thriving mobile population. Firms like MobiKwik have promising opportunities ahead of them, especially as smartphone penetration continues to accelerate and more consumers become comfortable with the concept of mobile commerce and the convenience that it represents.