Home Retail MobiKwik offline retail partnership to contribute 50% of GMV

    MobiKwik offline retail partnership to contribute 50% of GMV

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    Mobile payments network MobiKwik has partnered with Archies, and Mobilti World as part of it offline retail expansion strategy said the company in a press release.

    Go cashless at Amul with MobiKwik
    The association will help Amul customers to make cashless payments at 7000 Amul outlets and 3 lakh Amul multi-brand outlets (MBOs) and retailers across India

    “It is the rapid adoption of smartphones and mobile e-commerce in India that is rendering physical form of payments a thing of the past. With our rapid, penetrative retail strategy, we want our customers all over India to enjoy the convenience, ease and safety of paying with MobiKwik wallet,” , Founder and CEO of MobiKwik, said.

    The company has existing partnerships with key retailers like BigBazaar, WHSmith, Cafe Coffee Day, and StoreKing.

    Read: MobiKwik expands offline network, partners with Walmart

    According to the press release, the company is expecting offline payments to contribute 50% of its total GMV over the next 12 months. In the last three months, the company claims to have powered over 5 lakh transactions in brick-and-mortar stores.

    The company, which has raised USD30 million in funding from a clutch of investors till now, further aims to tie up with 100,000 retailers under its expansion strategy. Several other brands, including Uber, Domino’s, Pizza Hut, eBay, ShopClues, Jabong, , Grofers, BookMyShow use MobiKwik for payments.