Quikr is building a new in-site-payment option. Know who its partners will be

With an aim to stay ahead of its rivals in the realty and auto segment, the Mumbai-based online classifieds platform Quikr is planning to integrate leading payment services providers’ offerings into its platform.

As per Economic Times, the classifieds site, which is backed by the Warburg Pincus and Tiger Global, has held discussions with two of the India’s two top mobile wallet providers, MobiKwik and Paytm. If the talks reach a fruitful conclusion, Quikr will get a payment service provider to present its users with an in-site payment options as part of end-to-end offerings.

Upasana Taku, head of business development and merchant operations at MobiKwik, told ET that OLX is also planning to provide similar services to its customers. "We have been talking to both for almost a year. They also enable payments right now but it is only to help the buyer have a premium listing ...These classifieds sites want to monetise on transactions they are empowering. Based on this consumer sentiment, they are getting more aggressive and interested in this," said Taku.

Realty and auto portals are two lucrative segments with high margins. Both Quikr and OLX are not only facing stiff competition from each other, but also striving hard to fight against other rivals like CommonFloor-.com, Housing.com and CarTrade.com.

However, there is no official confirmation to this latest development as Pranay Chulet, founder and chief executive of Quikr, did not respond to a questionnaire sent by the Economic Times. (Image: