Quikcilver, a Bengaluru India based Prepaid and gift card solution provider, has partnered with Samsung to launch the gift card store on Samsung Pay. Quiksilver will manage the gift card store from end-to-end, and the customers will have access to gift cards from over 20 leading brands.
Since its launch in 2006, Qwikcilver has fuelled the gift card growth in India with 90 percent market share. Every 9 out of 10 gift cards in India are powered by Quikcilver. The Company has evolved into the end-to-end service provider in the prepaid gift card space and has managed 200 million transactions worth INR 3,000 crore since its launch. Now with the integration of Samsung Pay, Quikcilver is going to achieve even greater heights.
"We do believe that this partnership with Samsung can be a game changer for the Gift Card category. This would further help to bolster the growth and adoption of digital gift cards of leading brands and retailers, powered by Qwikcilver, across the strong base of Samsung Pay consumers in India. As a company, we have always sought to find disruptive means to scale the gift card category," said TP Pratap, co-founder and chief marketing officer, Qwikcilver.
Headquartered in Bengaluru, Quikcilver is a leader in gift cards and stored value solutions in India. Quikcilver focuses on complete, seamless and end-to-end stored value programs and technology solutions. The Company is the first to pilot retail distribution as well as introduce e-commerce for gift cards in India. Not just India, Quikcilver offers its services in the middle east Asia also. Quikcilver is a highly experienced, one-stop shop for pre-paid cards, electronic and physical gift cards, loyalty programs and discount cards making it the largest program manager and the technology provider for leading brands and retailers across India. Be it a healthcare or lifestyle business wanting to run a gifting or rewards program, Quikcilver supports it all.