Tata CliQ All Geared To Make And Entrance In The E-Wallet Space

Tata CliQ, the Tata Group controlled e-commerce marketplace, will roll out an e-wallet wholly for use in the platform in the upcoming 4 Months to 5 Months and ultimately foray into trading services such as funding services.

It also aims to increase the current 60 brands 2x that have set up their omnipresent channel on the marketplace in 1 Year. These are sections of the plans to turn out to be the biggest omni-channel platform of the country for which it will carry on the spending mode while aiming to break even in upcoming 3 Years to 4 Years, claimed CEO at Tata UniStore, Ashutosh Pandey, to the media in an interview. Tata UniStore operates and owns the website.

“We are presently in a development phase and aim is on constructing omni-channel relationships, brand, and traffic. A sum of 800 plus brands all over fashion, electronics, watches, shoes, luxury, and kids trade through the platform. E-wallets too will be rolled out since they attribute for roughly 20% of online transactions. Our wallet will, on the other hand, be utilized only to allow users to pay and get refunds on our site, although we might look at expanding it to our omni-channel associates in the coming period,” claimed Pandey in his statement. Tata CliQ will shortly roll out newer sectors such as home furnishing, jewellery, and furniture. On the other hand, FMCG is not in the schedule as yet, claimed Pandey. Tata CliQ was rolled out in late May last year.

Pandey claimed that the just-concluded festive season was considerably above hope, with in general traffic and sales at the time of the period developing by 15x and 25x respectively than the customary sales, which will also mirrored in the fiscal performance for the ongoing financial year.

“Our aim is not on just trading low-value goods such as unbranded power banks and pen drives to raise volumes. In its place, our aim was on experience-headed bug ticket items such as AC, 50-inch plus TVs, and luxury goods. It will stay so in the near period too so that users have a distinguished experience while purchasing on our site,” he claimed.###