June 7 2016, 15.24 PM IST || Pocket News Alert
Facilitates 300% month-on-month transactional growthfor the merchant discovery& privileges platform through its API based wallet solution.
Mumbai, June 07, 2016: Known for its seamless, swift, social and secure payments solutions, Udio – India’s first social wallet – has added Crownit, a leading merchant discovery & privileges platform, to the growing repertoire of leading industry players leveraging its white-labelled solutions. The move will grant Crownit access to Udio’s robust framework to facilitate greater transactional convenience for its users.
The latest announcement underlines Udio’s position as the preferred payments solution provider for businesses and merchants throughout the country.The wallet is already being leveraged by industry players such as BookMyShow, Portea, Askmebazaar.com & more, in addition to a host of smaller merchants and Facebook stores.
Speaking on the announcement, Aditya Gupta, COO, Udio, said, “At Udio, our primary focus has always been on enhancing the consumer payments experience through technology. This is why we have integrated with several partners who are focussed on driving value for consumers.With today’s digitally-empowered consumer constantly looking for greater valuewithin their service experience, we are pleased to see the ready adoption of this integration by Crownit users due to the enhanced simplicity and convenience that it offers.”
Since its integration with Udio, Crownit has witnessed a 300% month-on-month growth in transactions through its platform. The propensity of users conducting frequent transactions through the app is very high. Being an app-only platform, the integration of a wallet within the Crownit app has enhanced the ease of such transactions.
Sameer Grover, Founder& CEO, Crownit, added, “Crownit is dedicated to make life simpler for its users by allowing them to explore deals and offers for local businesses. We not only gratify users with crowns which are a part of our business approach, but have now made the payments experience on our platform extremely convenient by bringing in Udio as partner. This allows consumers to easily complete payments, whichbenefits us by driving repeat transactions and greater customer delight.”
To use Udio to make a payment, Crownit users can simply select ‘Wallet’ from the available payment options and sign up for a new wallet using their mobile number and email address. Existing Udio users can link their wallets to their Crownit account to make their Udio wallet balance available on the Crownit app. Users can then use the available balance to make purchases without exposing their critical financial information such as card details and account numbers.
About Udio:
TranServ, a leading digital payments company, offers Udio wallet to individuals which is a platform of choice for P2P transactions& utility payments, including social gifting, ability to split bills and make group payments. Udio also enables business partners to deliver a delightful consumer experience by utilizing TranServ’s rich API stack. Merchant partners& corporates collect and disburse payments to individual customers, employees, vendors or suppliers in an efficient manner via Udio.A recentannouncement talks about Udio’s integration withinMicromax handsets, to launch India’s 1st smartphone based native payments solution. Udio’s success and rapid adoption has helped TranServ secure its Series C investment recently, which was led by Micromax and IDFC Mutual Fund.
About Crownit:
Crownit is India’s leading O2O platform, connecting consumers with local merchants. Launched in July-2014, Crownit has seen widespread growth across four cities including Delhi, Mumbai and Bangalore. Crownit offers its users cashback at local merchants and customers can redeem their crowns (Cashback) by shopping online, book movie tickets, pay their bills and many more. The retail program helps attract customers for outlet partners by marketing them through the app. Crownit has over 8,00,000 users and has over 15,000 merchants listed on the O2O platform. Crownit targets to have 20 million users and drive $1.2Bn of annual GMV across 25 cities in India by 2018.