Crownit will be merging with MatchMove’s Wallet OS which will benefit the app’s users by giving allowing them top-ups, balance checking and enabling them to offline payments using the MatchMove-powered physical prepaid card.
Crownit offers cash backs to its customers in Delhi, Gurgaon, Mumbai and Bengaluru, with cash backs from an extensive lifestyle merchant base such as gyms, spas and hotel bookings. Being one of India’s leading O2O platforms, the company has registered over 10,00,000 users and over 15,000 merchants on its platform. By 2018, they plan to drive an annual GMV of $1.2Bn across 25 cities with a user-base of 20 million.
Speaking on the announcement, Sameer Grover, Founder and CEO, Crownit, said, “We are an online-to-offline company and the MatchMove Wallet OS perfectly complements our strategy in enabling offline merchants to offer more value to consumers and drive customer retention. It’s easy integration into our system allows us to scale and contribute to our growth plan to be the largest group deals platform in India.”
Shailesh Naik, CEO, MatchMove, added, “We are very excited to work with Crownit to help offline merchants grow their business. Our scalable, secure and flexible Wallet OS enables any company to take full advantage of our APIs and easily integrates into their systems.”