QuikWallet Aims to Ease Mobile Payment for F&B Outlets
By BW Hotelier
WITH OVER 800 F&B outlets as it’s customers and 100k users, QuikWallet, by LivQuik Technology (India) Private Limited, a mobile payment app for the F&B outlets, operating across five cities aims to be the preferred choice for restaurants in India and now. Restaurants have varied needs and QuikWallet solves their problems, be it payments for dine-in customers or deliveries. The app is available on iOS and Android, and for users on other platforms the app is available at http://qw.cm.
QuikWallet has developed an online payment gateway and interfaces directly with banks to process payments. The company is soon launching a new feature specifically for Bars. Mohit Lalvani, CEO, QuikWallet, said ’After feedback from our restaurant partners, we realized we needed a different approach to tackle the operational requirements of Bars. 80% of payments at Bars take place via cards which are simply inconvenient. With QuikWallet’s new solution, user’s load money via cash or entering their credit / debit card details. To pay, you simply show a PIN generated in the App to the Bartender and you’re done!’
Once you download and register your card details with QuikWallet, the app displays a list of nearby outlets. To pay, you give your mobile number to the outlet staff and receive a notification with your bill details. You complete the payment like a normal online transaction where you enter the CVV and your bank’s password. This makes the process safer than handing over the card because the merchant doesn’t see your card details.
The company has identified loyalty as another key focus area and outlets can either enrol into the Quik Credits loyalty program or even choose to integrate or offer a custom loyalty/membership offering on the platform. ’We provide a unified solution which not only helps drive additional business and footfalls, but also provides tools to retain customers,’ he added.
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