Flipkart, e-commerce company has expanded its payment solution PayZippy with the launch of consumer wallet. Initially, PayZippy was launched for merchants back in July. Now, consumers can use this service to store their credit card information. So, you do not need to type this information every time you are going to make a payment.
PayZippy works with many other online services including MakyMyTrip, BlueStone , Lenskart, Yepme. Merchants are also offering cashback, discount and gift vouchers to people who use the service. Company is also trying to add more merchants in near future.
“With PayZippy we have actually reduced the time taken for making online payments by 50%. We are expecting at least 150,000 customers to sign up for this service within the first month and our target is to get 1 million customers by next June,” Mekin Maheswari, Head, Payments and Digital Media, Flipkart.com said.
Flipkart is also expecting 1 million users by next June and around 150,000 users in first month.
Flipkart was ruling Indian e-commerce business but Amazon’s entry has made the market tough. With recent $360 million funding company is now of $1 billion valuation. Flipkart is now trying to beat Amazon in India in every possible way.
