Fintech News

Google Pay ties-up with Qwikcilver to Issue Real-Time Virtual Gift Cards to User

Google Pay ties-up with Qwikcilver to Issue Real-Time Virtual Gift Cards to User

Qwikcilver, a Pine Labs company and a global leader in end-to-end gifting and stored value solutions, on Monday launched its Spot on Google Pay is Spot Platform, which allows merchants to create branded commercial experiences within its app.

Read More: Paysafe Appoints Scot McClinticas SVP iGaming Product & Strategy

Qwikcilver has launched the Woohoo virtual gift card store on Google Pay Spot Platform enabling Google Pay users to purchase and send gift cards in real-time. Users will now have the option to choose digital gift cards from over 150 leading brands that can be used at offline stores across 1500 cities and major online portals.

Commenting on the partnership, Kumar Sudarsan, President – Gift, Prepaid and Stored Value, Pine Labs said, ‘With the launch of Woohoo on Google Pay Spot Platform this festive season, will offer more reasons for consumers to rejoice. We are privileged to have launched our Spot on Google Pay’s Spot Platform which continues to witness an increase in acceptance and adoption amongst consumers and merchants1 amidst the ongoing pandemic. The initiative is aimed at easing the entire process of purchasing and sending digital gift cards on the back of changing consumer behaviour.’

Read More: New Union Bank Survey Finds U.S. Consumers Willing To Spend More To Support Small Businesses This Holiday Season

‘The uniqueness of a digital gift card is that it can be purchased instantly for last-minute gifting without losing the personalized touch and providing the receiver the freedom to spend. While Qwikcilver has enabled Woohoo digital gift card store as a preferred destination for consumers, the presence on Google Pay will enhance consumer experience to use digital gifting with a click of a button,’ he further added.

The partnership comes at a time when Indians are trying to uplift their spirit during the ongoing festive season. Additionally, with people still reluctant to move out of their houses, gift cards seem to be an ideal option providing features like easy transferability, personalized touch and contactless gifting.

Qwikcilver powers every 9 out of 10 gift cards in India and has onboarded most of the major brands on its platform. With the top three categories in gift-cards being ecommerce, grocery and fashion, the company enables gift cards for corporates, individual merchants as well as consumers.

Read More: KIRA Announces New Investors, Partners, and Launch of Public Liquidity Auction

Related posts

Accel-KKR Completes Sale of Majority Interest in Seequent

Fintech News Desk

F.N.B. Corporation Declares Cash Dividend of $0.12 On Common Stock

Fintech News Desk

Ping An Announces 2020 Climate Risk Management Report

Fintech News Desk
1