Digital payments company MobiKwik has recently partnered with Samsung Pay, under which consumers will be able to make payments with a single tap using selected Samsung handsets.
“As part of the tie-up, 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”, the digital payments firm Mobikwik said in a statement.
Samsung Pay is the feature given by Samsung, in flagship phones- like S8, S7 edge etc. that allows users to just tap and pay using the debit/credit cards and wallets stored on their mobile devices. Samsung launched this service in India in March, 2017.
“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,” Daman Soni, MobiKwik’s Head of Growth said.
There has been a considerate amount of growth in the digital payments platform, after demonetization in the country held in November, last year.
The government has also introduced a number of schemes to promote adoption of e-payment methods like mobile wallets, debit/credit cards and Unified Payment Interface (UPI).
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.
“Moving into the next phase of new and innovative services for Samsung Pay, we are delighted to have MobiKwik on board as a partner,” Sanjay Razdan, Samsung India Director (Samsung Pay Business) said.