ALTBalaji partners with Eko India to sell subscriptions directly to subscribers
MUMBAI: India’s leading homegrown OTT platform ALTBalaji has partnered with Indian fintech company Eko India Financial Services. The association will allow the digital platform to use the Eko Store through which any merchant will be able to sell ALTBalaji subscriptions directly to potential subscribers who may not have access or may not be at ease using a digital payment mechanism.
Over 80% of people earn in cash in India, thus, a number of potential customers are more comfortable paying in cash especially when it comes to modest amounts. The partnership is about providing assisted commerce not just as a means of collecting money.
Eko’s merchant would be able to provide more information about ALTBalaji service and educate consumers and enable them to download the app. Using Eko, ALTBalaji is enabling payment in cash via Eko merchants, over & above all the digital modes of payment.
With over 40+ originals in its content offering, ALTBalaji has built on the legacy of creating iconic shows, like ‘Apharan,’ ‘Kehne Ko Humsafar Hain,’ ‘Home,’ ‘Gandii Baat’, ‘The Test Case’, ‘Bose: Dead or Alive’ among others which has been lauded by its audience. Established in 2007, Eko aims to enable seamless digital transactions for anybody, and from anywhere. Helming one of the largest and most efficient domestic money transfer services in the country, Eko also holds strong partnerships with banks with additional Prepaid Payment Instrument license from the RBI.
With a demographic reach extending to over 150k retail stores in India, Eko will aid ALTBalaji to expand its presence by enabling an easy process of selling the subscription. Merchants will have to follow a few easy steps to avail the voucher code provided on the portal giving easy access to sell ALTBalaji subscriptions.
Speaking about the association, ALTBalaji CEO and Balaji Telefilms Group COO Nachiket Pantvaidya said, “ALTBalaji is fuelling the growth of subscription-based digital video streaming. Partnering with Eko is a way to bring offline consumers into the online world. With ALTBalaji now being a part of their Eko Store, we are expanding our reach to a whole new audience and are excited to welcome them as a part of the ALTBalaji family.”
Commenting on the association, Eko India Financial Services Co-founder and COO Abhinav Sinha said, “Eko is pleased to partner with ALTBalaji. Through this partnership, ALTBalaji has launched its brand and services on the Eko Store, which gives them access to our vast network of merchants and customers. We believe this is a perfect fit for both, our customers and ALTBalaji. At Eko, our endeavour is to take digital products to the masses and help everyone benefit from the digital economy.”