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MobiKwik joins hands with Oyo rooms and Zomato
Highlights
Joins Hands With OYO Rooms And Zomato. MobiKwik, India\'s largest independent mobile payments network, expands its widespread reach even deeper into the payments sector by tying up with India\'s leading players in branded network of hotels and online food ordering.
New Delhi: MobiKwik, India's largest independent mobile payments network, expands its widespread reach even deeper into the payments sector by tying up with India's leading players in branded network of hotels and online food ordering. By tying up with OYO Rooms and Zomato, MobiKwik now brings convenience of instant and easy mobile payments to frequent travellers and diners. Increasing smartphone penetration and usage in Tier II & III cities is paving the way for rapid growth of on-demand food delivery, dining, and the sharing economy.
According to Mr. Bipin Preet Singh, CEO, MobiKwik, “Arising from early adoption by millennials and generation Z, MobiKwik is leading the digital payments revolution in the country. Cumulative research indicates that online platforms will occupy 15-20% of the total spend of the Indian economy by 2020. Our tie ups with category leaders such as OYO Rooms and Zomato positions us well to leverage that wave.” Mr. Ritesh Agarwal, Founder and CEO, OYO Rooms, said, “We are really happy to partner with one of India’s leading payment platforms, MobiKwik. The OYO Rooms booking process is the fastest in the world where the customer can book a room in just five seconds. Now to make the check-out experience quicker too, we have seamlessly integrated the MobiKwik wallet into the OYO app, through which the customers can opt for one tap payment. This makes the check-out process extremely easy and super-fast, it’s like checking-out of a hotel without the need of stopping to pay.”
OYO has 10,000+ rooms in 1000 partner hotels, across 45+ cities in India and aims to expand to 2,000 hotels in 45 cities by year-end.
Mr. Tanmay Saksena, Global Business Head, Zomato Order said, “Our focus at Zomato is to create a seamless experience for our customers. Integrating the MobiKwik wallet as another payment mechanism adds to ensuring a delightful experience for our customers. Customers can now make completely cashless payments using the MobiKwik wallet when using Zomato to order from a large number of restaurants in India"
Zomato is a restaurant search and discovery app, providing in-depth information for over 1.4 million restaurants across 22 countries. Zomato's core content features include restaurant information such as scanned menus and photos, sourced by its massive feet-on-street team across cities it is present in globally. Users can rate and review restaurants, as well as create their own personal network of foodies for trusted recommendations.
Other popular brands currently using MobiKwik’s services include Uber, Meru Cabs, Big Bazaar, WHSmith India, Café Coffee Day, PVR, BookMyShow, Grofers, Big Basket, Domino's, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Star Sports, GoDaddy, MakeMyTrip, Cleartrip, and Yatra.
MobiKwik has so far raised close to $30 million in funding till now from Sequoia Capital, American Express, Tree Line Asia, and Cisco Investments. The company plans to raise another $50-100 million in 2015. MobiKwik is disrupting the payments space further by creating an offline retail network of more than 100,000 merchants across India that will serve both, as points for cash loading into the wallet and for wallet payments acceptance.
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