Business
MoneyOnMobile Enabled Retailers Connected to Growing E-Commerce Market Through Strategic Partnership with ShopClues
MoneyOnMobile Enabled Retailers Connected to Growing E-Commerce Market Through Strategic Partnership with ShopClues.
About this update from Moneyonmobile, Inc
[{"type":"text","content":"\n\n\n\nMoneyOnMobile Enabled Retailers Connected to Growing E-Commerce Market Through Strategic Partnership with ShopClues\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMoneyOnMobile Enabled Retailers Connected to Growing E-Commerce Market Through Strategic Partnership with ShopClues\nAgreement gives MoneyOnMobile enabled retailers access to ShopClues e-commerce portal, allowing consumers to pay cash for online goods; E-commerce market in India expected to grow from $38 to $119 billion by 2020\nPR Newswire\nDALLAS and MUMBAI, India, Sept. 28, 2017\n\n\n\nDALLAS and MUMBAI, India, Sept. 28, 2017 /PRNewswire/ -- MoneyOnMobile, Inc. (OTCQX: MOMT) today announced an agreement with ShopClues, one of India's largest e-commerce marketplaces, to enable the in-store purchase of ShopClues products using the MoneyOnMobile platform at any of MoneyOnMobile's participating 335,000 retailers.\n\n\n \n \n\n \nCustomers who visit one of our enabled retailers will now be able to order from ShopClues, pay for their goods, and have them delivered to their home or the retailer. \n\nBased on recent industry data the e-commerce market in India is expected to triple in size in three years, from $38 billion in 2017 to $119 billion in 2020. This latest enhancement to the MoneyOnMobile platform ensures that anyone in India can shop online, and pay with cash.\n\n\"The alliance with MoneyOnMobile is in sync with ShopClues' vision of digitally connecting Bharat Online. This partnership will enable us to further expand our consumer base to more remote parts of India, essentially covering tier III and tier IV cities, along with metros. The walk-in customers will be able to experience a wide range of quality products under ShopClues' Surety program at some of the best price points available in the market,\" Nitin Kochhar, VP – Categories for ShopClues, commented.\n\n\"Our strength lies in our pan-India retailer network, because it enables MoneyOnMobile to provide financial services to the remotest parts of India,\" said Harold Montgomery, Chairman and CEO of MoneyOnMobile, Inc. \"This agreement...