Mobile payment solution provider MobiKwik is partnering with global retailing major Walmart to power 20 of its outlets named Best Price Modern Wholesale stores in nine States.
Under the partnership, MobiKwik will be the exclusive mobile payments partner to Walmart, offering members of its Best Price program, which comprises of small businesses and kirana stores a secure, swift and convenient payment option across channels, the company said.
"With this partnership, together Walmart and MobiKwik are bringing the power of mobile payments to the lakhs of small businesses and kirana stores in India," said MobiKwik founder and CEO Bipin Preet Singh.
"Besides making payments via the wallet, Best Price members who use MobiKwik will get refunds and incentives from Walmart 'instantly' in their wallets. Members will also be able to load cash into their MobiKwik Wallets to make purchases via the Best Price mobile app," he added.
The MobiKwik mobile payment solution will allow instant one-tap payments for transactions placed through the Best Price mobile app, and will also allow its users to make payments via the MobiKwik wallet on the Walmart Best Price website and in the physical stores.
Further, by using the MobiKwik wallet, users will be able to get instant refunds, which is currently done manually and takes 7-10 days.
"Our new mobile app will give Best Price members a personalised and seamless shopping experience. We understand not just what customers want and need, but also where they want it and how they want to experience it," said Scott Price, president and CEO of Walmart Asia.
"With our size and scale in India, we can serve customers quickly and more effectively with the whole range of channels we are offering," he said.
MobiKwik is India's independent mobile payments network connecting 17 million users with 50,000 retailers. MobiKwik enables users to discover retailers (brick-and-mortar stores, e-com websites, m-com apps, billers, telcos) and then start paying them with 1-tap.