Qwikcilver, the SaaS based Prepaid & Gift card solution provider, announced its partnership with Samsung to launch the first ever Gift Card Store on Samsung Pay, the mobile payment service by Samsung. The Gift Card Store on Samsung Pay and Samsung Pay Mini will be managed end-to-end by Qwikcilver and consumers will get access to gift cards from over 20 leading brands on the Gift Card Store.
Gifting is a new category, which is becoming big with digital audience due to unprecedented growth of digital gifting in India. Consumers on the Gift Card Store will enjoy access to a host of digital gift cards from leading brands for denomination values of their choice. With today’s launch, users of Samsung Pay and Samsung Pay Mini will be able to send gifts to their friends and family via the Gift Card Store that would provide a seamless gifting experience between Samsung Pay and Qwikcilver-powered Gift Card Store.
The Gift Card Store works on a wide range of Samsung Smartphones supporting Samsung Pay – Galaxy Note8, Galaxy S8+, Galaxy S8, Galaxy S7 edge, Galaxy S7, Galaxy S6 edge+, Note5, Galaxy A7 (2017), Galaxy A5 (2017), A5 (2016), A7 (2016), Galaxy A9 Pro and Galaxy J7 Pro – and Samsung Pay Mini – Galaxy J7 Max, Galaxy J7 Prime, Galaxy J7 Nxt, Galaxy J5 Prime, Galaxy J7 2016, Galaxy J7 2015, Galaxy On Max, Galaxy On8, Galaxy On Nxt, Galaxy On5 2016, Galaxy S6, Galaxy S6 edge and Galaxy C9 Pro.
Commenting on the partnership, Sanjay Razdan, Director, Samsung India said, “Samsung Pay has witnessed strong growth since its launch in March 2017. At Samsung, we continuously listen to our consumers and bring in the meaningful innovations that help make our consumers lives better. We are delighted to partner Qwikcilver for bringing Gift Cards on Samsung Pay. Consumers can now shop for their favourite Gift Cards and send them to their loved ones instantaneously.”
According to Allied Market Research, the Asia-Pacific gift cards market is expected to grow at the highest rate by 2023, owing to the growth of the retail industry, remarkable economic growth in Southeast Asia, India, & other economies as well as the growth of integrated payment technologies. Having fueled the gift card growth in India with 90 percent market share, Qwikcilver has evolved into the single largest end-to-end service provider in the prepaid gift card space. The company powers 9 out of 10 gift cards and has managed 200 mn transactions just in the last one year.