Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 08 2015

TinyOwl partners with Citrus to start its own wallet

MyWallet is a closed digital wallet solution, meaning users will not be able to use funds stored on the service on platforms other than TinyOwl.

By RI Bureau

TinyOwl, the Mumbai based food ordering service has partnered with payments solution start-up Citrus to power its own in-app digital wallet called MyWallet.

The new feature will allow customers to make payments and also get instant refunds on cancelled orders.

“We have seen that across industries, major customer dissatisfaction happens due to challenges in refunds, “said Harshvardhan Mandad, co-founder and chief executive, TinyOwl.

MyWallet is a closed digital wallet solution, meaning users will not be able to use funds stored on the service on platforms other than TinyOwl.

Other players such as ride-hailing service Ola, too, have launched their own digital wallet services, which after gaining certain amount of traction the company opened to other e-commerce services as well.

The digital payments space is growing ever crowded with players such as Paytm, Mobikwik and even traditional banks that have launched wallet apps.

It is to be seen if TinyOwl makes a similar move to open up its mobile wallet service to third-party services in the future.

Comment
Related opportunities
  • Competitive Exam Coaching Institute
    About Us Edutalent is an education startup founded in 2017 by..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About:Social drinking is a norm in today’s world and keeps..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Ice creams & Yogurt Parlors
    About: HUGA is a refreshing ice cream brand by Advital Nutrition..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    About: Ice Bakery - a venture of Double A Hospitality PVt..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts