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Tag: Mohammed Roshan

  • Gosats and Flipkart partner to enable supercoins-to-sats swaps

    Gosats and Flipkart partner to enable supercoins-to-sats swaps

    MUMBAI: Indian asset-based rewards platform Gosats has announced a strategic partnership with e-commerce giant Flipkart, enabling users to swap supercoins for sats, digital gold, and vice versa. The exchanged sats can be used for voucher purchases, utility payments, and UPI merchant transactions, while supercoins can be redeemed for discounts and purchases on Flipkart. Additionally, users can utilise supercoins for up to Rs 200 off on the purchase of the Gosats elite card.

    The collaboration allows users to select the number of Flipkart supercoins they wish to convert into sats, with each supercoin valued at Rs 1. A minimum of 10 supercoins is required for conversion. Users can redeem 200 supercoins to obtain the elite card for premium benefits, while sats worth Rs 500 can be exchanged for 500 supercoins to be used on Flipkart.

    This development follows Gosats surpassing one million users in India, driven by recent feature launches such as BBPS and Satspay. The platform now processes over 2,000 BBPS transactions daily via the Gosats elite card, reinforcing its commitment to revolutionising digital finance in India.

    Gosats co-founder & CEO, Mohammed Roshan stated, “India’s digital finance ecosystem is still evolving, and our mission is to drive this transformation by integrating sats and digital gold. The elite card uniquely positions us to help users transition to digital finance, turning transactions into passive investment opportunities and enabling them to spend their digital wealth more effectively. Our collaboration with Flipkart supercoins will allow users to not only swap their supercoins for sats but also make purchases virtually cost-free—an innovation we aim to pioneer in the country.”

    This partnership marks a significant milestone for Indian consumers who use the Gosats app for bill payments, including electricity, Fastag, and postpaid recharges, alongside e-commerce transactions on platforms like Flipkart and Myntra. Unlike supercoins, which have limited validity, sats offer lifetime value, providing users with a novel means to manage their digital assets.

    Looking ahead, Gosats aims to double its user base by 2025, aligning with the Indian government’s Digital India initiative and further contributing to the nation’s digital financial transformation.

  • GoSats teams up with Swiggy Instamart for asset-based rewards

    GoSats teams up with Swiggy Instamart for asset-based rewards

    Mumbai: GoSats, a pioneer in asset rewards and cashback, announces the recent conclusion of its strategic partnership with Swiggy Instamart. The partnership focused on offering the GoSats Elite Card worth Rs 999, completely free to Swiggy Instamart customers; The card came pre-equipped with an Rs 100 instant spendable balance and an additional 10% cashback in Gold/Bitcoin on all orders, up to Rs 100.

    This marks yet another successful campaign for GoSats, who have previously collaborated with other prominent Indian e-commerce brands such as Myntra, Flipkart, Nykaa, Zomato, BigBasket and numerous others. At this recently concluded collaboration, Swiggy users in Bengaluru received a unique GoSats flyer with a QR code upon their grocery deliveries. The QR code allowed users to scan to claim the GoSats Elite Card free of charge and stand a chance to receive cashback from 100 premier brands.

    Commenting on the incredible success of the partnership, GoSats co-founder & CEO Mohammed Roshan said, “We received a wonderful response from our partnership with Swiggy Instamart. Grocery delivery is on the rise in urban India, thanks to Swiggy Instamart, and the customers are always looking to get the best deals available out there. Grocery delivery now comes equipped with passive savings into asset classes via GoSats in a hassle-free way, exposing users to an entirely unique dimension to purchasing essentials.”

    Since GoSats came into existence, it has been able to strike a meaningful interactive dialogue with its customers across India — enabling their financial planning and wealth creation conveniently and seamlessly. The firm allows users to swipe its cards anywhere to receive 1.5% cashback rewards, while also offering up to 20 per cent earnings on gift card purchases of top brands.