Mumbai, 24 February 2022 (GNI): Simpl, the market leader in 1-tap checkout, has announced a partnership with SugarBox Networks, to enable payments in line with the progressive Digital India vision. By facilitating payments across geographies, this partnership edges closer to building an innovative solution for consumers, across the underserved and unserved regions.
Simpl and SugarBox Networks will work closely to address this digital divide, by empowering customers with access to native digital connectivity. As a checkout conversion partner for SugarBox Networks, Simpl will increase cart conversions and reduce dependence on COD (cash on delivery) orders, empowering merchants to build trusted relationships with consumers.
Speaking about the strategic alliance, Simpl’s CEO & Co-Founder Nitya Sharma said, “We are enabling merchants across product categories and end-customers across segments to unlock multiple benefits from a single unified platform. Over the years, Simpl has added new verticals to its existing product portfolio attuned to evolving customer expectations, changing merchant requirements and dynamic market scenarios. Often, the absence of a stable network is a huge barrier to reliable connectivity. And this is why our association with SugarBox is a significant move towards reaching out to a wider audience, for seamless transactions.”
Commenting on the collaboration, Rohit Paranjpe, CEO & Co-founder, SugarBox Networks said, “Digital payments are forging a new era, by themselves. Enabling digital payments for a consumer in an urban geography or a village, speaks volumes of how the existing digital divide could soon be diminishing. Our partnership with Simpl, is an initiative to revolutionize and empower consumers across ‘Bharat’ and ‘India’. We, at SugarBox, are relentlessly focused on building the backbone for the internet of the future, through simple ideologies of offering affordable, accessible and reliable connectivity.”
Simpl’s powerful Artificial Intelligence and Machine Learning tools enable merchants across product categories and end-customers across segments to unlock multiple benefits from a single unified platform. The embedded pay-later 1-tap checkout provided by Simpl on merchant platforms ensures a seamless checkout process that is fast yet secure, greatly reducing card abandonment on merchant websites.
● Simpl has grown 10x in the last 18 months
● More than 10,000 online retailers are now part of the Simpl ecosystem
● Its growing merchant network includes major brands such as Jio Mart, Zomato, Bigbasket and MakeMyTrip.
Simpl’s easy to integrate SDK enables any online retailer to provide their customer 1-tap checkout and charge after delivery that significantly increases conversions and reduces the dependence on Cash on Delivery as a payment method.
Speed, security and a seamless checkout experience along with an embedded pay later, 1-tap checkout is making Simpl the partner of choice for online businesses.
About Simpl
Co-founded in 2015 by Nitya Sharma, Simpl is India’s fastest-growing Buy Now, Pay Later platform meant to make payments invisible and money intelligent. Simpl is on a mission to empower merchants to build trusted relationships with customers, one transaction at a time. With more than 10,000 available merchants and 25 million-plus users pan-India, Simpl envisions creating an inclusive digital payments experience for India that empowers and fosters trust between merchants and their customers.
Simpl is the leading Pay-Later platform in India, providing a full-stack solution for e-commerce conversion. It enables merchants to give customers 1-tap checkout, buyer protection and a pay-later facility to allow them to feel safe and trusted when shopping online. Through Simpl, merchants can provide consumers with an easy, safe and intuitive user experience.
About SugarBox Networks
SugarBox Networks is the world’s first Hyperlocal Edge Cloud platform that enables Users, Networks (ISPs, Internet Infra providers, etc.) and Digital Services (Apps, Websites, etc.) alike, to harness the power of Local Area Networks. With this technology at its heart, the company is reimagining connectivity for the underserved and unserved globally, in order to make the internet accessible, affordable, and reliable for the masses, whilst being economically viable for the internet ecosystem.
SugarBox, co-founded by Rohit Paranjpe, Ripunjay Bararia and Devang Goradia in 2016, installs Edge servers at places where users are present and prone to access digital services (POIs). These Edges are installed close enough to the users so that they can now be accessed via wired and wireless Local Area Networks, to reduce the amount of internet bandwidth required by users. This disruptive technology also enables Apps and websites to function seamlessly, even when the internet network is patchy or if the network goes off altogether for a while, using its patented technology.ends
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