Tata CLiQ Luxury and American Express, announced their exclusive partnership aimed at a premium and aspiring clientele of luxury experiences.
This first of its kind strategic partnership between American Express, a global payments company, and Tata CLiQ, luxury e-commerce player, will capitalise on the demand for trusted and secure shopping experiences, especially with contactless shopping gaining prevalence and preference over the past year.
Throughout the year, both brands will introduce initiatives to encourage luxury consumption across India, including access through the PAN-India distribution reach of Tata CLiQ Luxury. The partnership will offer unique experiences and thoughtfully curated services for American Express’ premium customers.
Speaking about the partnership, Vikas Purohit, CEO, Tata CLiQ, said, “At Tata CLiQ Luxury, we are committed to nurture and foster the luxury market in India. It gives us immense pride to partner with American Express in bringing the best to Indian consumers. We aim to provide luxury consumers with benchmark (contactless) luxury experiences irrespective of where they reside. Our overall purpose is to make luxury accessible in a hassle-free manner and enable the luxury ecosystem in India to take the leap.”
Speaking about the partnership, Manoj Adlakha, SVP & CEO, American Express Banking Corp., India, stated, “Various industry reports peg India’s luxury market at $50 billion in 2020 and growing at 15 percent plus annually. As a brand catering to premium lifestyle expectations, we are continually innovating and investing in capabilities and partnerships to enhance our card members’ experience. We are focused on delivering exclusive access and experiences to our card members, and this partnership with Tata CLiQ Luxury will further strengthen our suite of offerings. Providing a seamless omnichannel experience is critical for brands to build engagement and loyalty as customers increasingly crave experiences which foster connections and digital solutions that make their personal and professional lives easier.”
Traditionally, demand for luxury retail has been in the main metros. With this partnership, both Tata CliQ Luxury and American Express will work together to enable luxury households across the far reaches of the country to enjoy iconic global and Indian luxury brands and labels. American Express is globally recognised as a provider of premium payment products and services. Its affluent Card member base in India spends 4 times the industry average, and on the premium card products, this number is ten times more.