: AU Small Finance Bank has entered into agreement with 11 asset management companies (AMCs), both domestic and international, to distribute their mutual funds.
The bank is already cross-selling general insurance and health insurance products.
"Being a small finance bank, we have advantages of greater market presence in low and middle-income category, unserved/underserved geographies compared to other banks which provides a strong distribution platform to the AMCs," its managing director and CEO, Sanjay Agarwal, said.
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The bank has 304 branches in 11 states and most of the branches will be selling these mutual fund products.
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Reliance Games to enter into AR, VR
Reliance Games, a part of Anil Ambani's Reliance Entertainment has made a foray into augmented reality (AR) and virtual reality (VR) space through a partnership with Mumbai- based GoPhygital.
"As a part of the alliance, Reliance Games and GoPhygital will partner and develop AR and VR based apps, games and experiences, which will be based on original IP and licensed IP," the company said.
According to a recent IDC report, the global spending on AR and VR industry is expected to increase to USD 215 billion by 2021 from USD 11.4 billion in 2017.
GoPhygital is working on an AR based casual game, that leverages Apple's augmented reality technology ARKit, which will be launched soon by Reliance Games, which operates three studios and has over 250 million downloads globally.
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Qwikcilver ties up with Samsung Pay
Gift cards provider Qwikcilver has tied up with Samsung to launch a gift card store on the latter's mobile payment service Samsung Pay.
The gift card store will be managed end-to-end by Qwikcilver and consumers will get access to gift cards from over 20 leading brands, the company said.
"We believe this partnership with Samsung can be a game changer for the gift card category. This would further help to bolster the growth and adoption of digital gift cards of leading brands and retailers, powered by Qwikcilver, across the strong base of Samsung Pay consumers," co-founder TP Pratap said.
With a 90 percent market share in gift card space, Qwikcilver is largest end-to-end service provider in the prepaid gift card category. The company has managed 200 million transactions worth Rs 3,000 crore since its launch a decade ago.
***************** AirAsia India sets up its corporate office in Delhi
The Bengaluru-based budget carrier AirAsia India has announced that it will have its corporate office in the national Capital.
Spread over in 2,100 sqft in the Aerocity hospitality district near Terminal 3 of the Delhi airport, the new felicity can accommodate up to 40 airline employees, AirAsia India said.
AirAsia India currently connects 16 destinations with its hubs in Bengaluru, New Delhi and Kolkata.
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National Geographic to stream content on Hotstar Premium
With an aim to offer its content across platforms, National Geographic it will offer streaming of its docu-dramas and entertainment shows on Star India's digital platform Hotstar Premium.
This partnership with Hotstar Premium is a natural progression to cater to the viewers who prefer to consume quality content whenever and wherever they choose to, the company said.
The content will cover all genres from wildlife, scripted series, science and tech and docu-dramas, among others and will also allow consumers to watch the channels' latest premiere on the day of release.
Disclaimer: No Business Standard Journalist was involved in creation of this content
