E-gifting platform Qwikcilver Solutions has partnered with Samsung to launch a gift card store on Samsung Pay. The gift card store will be managed end-to-end by Qwikcilver and consumers will get access to gift cards from over 20 brands. With this, Samsung Pay users will be able to send, receive, and use gift cards. Users will be able to buy gift cards via the store and will be able to choose the brand and the denominations of the gift cards. Qwikcilver says that it has done around 200 million transactions in the last one year worth Rs 3,000 crore. The average load value on Qwikcilver gift cards is at around Rs 2,126, as indicated by this Mint report. The publication added that the company is looking at expanding to other segments such as music streaming, automotive car care, healthcare, grocery, personal care, matrimony, jejewelry, and furniture in the next three years. Samsung Pay uses NFC (meant for smartphones) and MST (Magnetic Secure Transmission) technology which will work on any PoS machine. MST allows a user to send a magnetic signal from a smartphone to the payment terminal’s card reader. Samsung said that the payment option will not support online purchases and will work only for in-store purchases. Samsung Pay’s partnerships in India Samsung Pay went live earlier this March and has been steadily increasing the number of partnerships it has. In India, Samsung Pay supports mobile wallets like Paytm, MobiWkik for which users will have to scan a QR code to make a payment. PoS terminal…
- Access providers must create a unified consent seeking platform: Telecom Regulatory Authority of India June 5, 2023
- EU Court Upholds Verdict Finding French Politician Liable for Hateful Comments on Facebook Wall June 5, 2023
- UPI’s online dispute resolution system to now provide refunds: National Payment Corporation of India June 5, 2023
- Hacker attempts to delete videos on Mojo Story’s and Tanmay Bhatt’s YouTube channel June 5, 2023
- Videos: How UK’s Online Safety Bill threatens end-to-end encryption June 5, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...