Gurugram-headquartered mobile wallet platform MobiKwik has tied up with Samsung Pay, which is the proprietary mobile payment platform for Samsung’s high-end phones to offer one-tap payment service.
As per company statement, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country post which consumers will be able to make payments with a single tap using selected Samsung handsets.
Launched in March this year, Samsung Pay is the feature given by Samsung, in flagship phones- like Samsung S8, Samsung S7 Edge, S7, J7 Max and J7 Pro among others. It allows users to just tap and pay using the debit/credit cards and wallets stored on their mobile devices.
“The future of digital payments in India will thrive only by collaborating with various ecosystem partners to drive acceptance. More than 55 million users and 1.4 million merchants will benefit from this association,” MobiKwik Head of Growth Daman Soni said to the Economic Times.
Samsung has also launched a Mini version of the platform- Samsung Pay Mini that integrates UPI and mobile wallets to work on its mid-range priced smartphones. It, however, does not support tap-and-pay using credit and debit cards like the main app.
MobiKwik was founded in 2009 by Bipin Preet Singh and Upasana Taku. It enables mobile and online payment facilities for phone and DTH recharges, money transfers and shopping among others. India, where digital payment platforms witnessed hockey-stick growth since demonitisation and adoption of e-payment methods like mobile wallet, debit/credit card and UPI (Unified Payment Interface) has a huge impact on payment service.
On partnering with MobiKwik, Samsung India Director (Samsung Pay Business), Sanjay Razdan said, “Moving into the next phase of new and innovative services for Samsung Pay, we are delighted to have MobiKwik on board as a partner.”
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