MUMBAI, September 30, 2015 /PRNewswire/ --
My Mobile Payments Ltd (MMPL), one of India's leading mobile payment solutions companies, has announced a strategic business alliance with Flipkart, India's leading e-commerce marketplace. Under this partnership, MMPL will distribute Flipkart gift cards in India through its nationwide retailer network.
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With over 250,000 retailer locations, MMPL has one of the largest distribution networks in the country while Flipkart is India's largest online marketplace, selling more than 30 million products through their website and mobile app.
Consumers can purchase a Flipkart gift card by visiting any MMPL retail outlet. This gift card can be used to pay for any product purchased on Flipkart's website or mobile app. MMPL is also facilitating the distribution of the gift card via SMS, web and its own multilingual mobile app. Flipkart gift card is an ideal gifting option to family and friends for any occasion and the recipient can pay with it online to buy a product of their liking.
According to Shashank Joshi, Managing Director, My Mobile Payments Ltd., "We are making shopping at Flipkart accessible to a large section of Indian consumers, who don't have debit/credit card. Many consumers are afraid of sharing their bank account or their credit card and debit card details online. Currently, many of these consumers resort to Cash on Delivery (COD), which has higher cost for Flipkart, and at many pin codes, COD facility is not available. In all these cases, gift cards are a useful pre-paid payment option."
About My Mobile Payments Ltd and MoneyOnMobile
My Mobile Payments Limited (MMPL) is one of India's leading mobile payment solutions company, operating through its 'MoneyOnMobile' brand, a service aimed at bringing quick, simple and efficient mobile payment solutions to everyone. MoneyOnMobile enables purchase of goods, making easy payment top-ups, payment of utility bills, DTH recharges and more, just with the click of a button. MoneyOnMobile is the first in India to have an application with multilingual capability for a service in this category. MoneyOnMobile earlier announced the launch of its domestic Mobile Money Order service for customers in January 2015. MoneyOnMobile is currently authorized by the Reserve Bank of India (RBI) to set up semi-closed payment system in India which enables registered users to buy good products and services from registered merchants. MMPL launched its PayJaldi solution for SME businesses to support invoicing and collect payments from their customers while providing services or selling goods. With MoneyOnMobile, Stop at Nothing. Pay for Anything.
For more information, please visit: http://www.money-on-mobile.com.
Media Contact:
Vipul Bondal
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+91-99203-84555
Veriitte Consulting
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