~New feature allows digital payment on delivery~
10th November 2016: Snapdeal, India’s largest online marketplace, today announced the launch of its new and first-of-a-kind feature, Wallet on Delivery (WoD), which will allow users to pay on delivery by using their FreeCharge wallet.
This unique feature serves two important needs for online customers – allows users to make the payment only when their package is delivered and simultaneously removes the need to handle cash and find the exact change for pay for the delivery.
The launch of Wallet on Delivery (WoD) is a quick and effective solution to all user concerns about Cash on Delivery (CoD), especially given the current uncertainty about availability of currency notes. The swift roll out of the feature is due to the seamless integration of the Snapdeal and FreeCharge platforms, which allows users to smoothly make digital payments for digital purchases of goods & services.
The Wallet on Delivery will be available beginning 10th November 2016 and in a progressive roll out and will cover Snapdeal and FreeCharge users across the country over the next few weeks.
Speaking about the launch of the new feature, Kunal Bahl, CEO & Co-founder of Snapdeal commented, “The launch of Wallet on Delivery is an absolute need of the hour for consumers. More than a year ago, we had made a strategic decision to build India’s best digital payments platform to offer the fastest and most efficient payments experience in the country. The launch of this new feature by FreeCharge shortly after the announcement of the demonetization of Rs.500 and Rs.1000 currency notes demonstrates our speed of execution in ensuring consumers’ needs are met in real time. We are delighted to continue our contribution to the Hon’ble Prime Minister’s vision to build a cashless society.”
The FreeCharge wallet is widely used across the country to pay for utilities, cab rides, metro, phone recharges, electricity, gas, petrol, DTH and lots more. FreeCharge is also used at over 100,000 online and offline merchants like Bookmyshow, Swiggy, Zomato, Shoppers Stop, McDonald’s, Cafe Coffee Day and others.
Snapdeal’s vision is to create India’s most reliable and frictionless commerce ecosystem that creates life-changing experiences for buyers and sellers. In February 2010, Kunal Bahl along with Rohit Bansal, started Snapdeal. Today Snapdeal is India’s largest online marketplace, with the widest assortment of 65 million plus products across 1000+ categories from over 125,000 regional, national, and international brands and retailers. With millions of users and more than 300,000 sellers, Snapdeal is the shopping destination for Internet users across the country, delivering to 6000+ cities and towns in India. In its journey till now, Snapdeal has partnered with several global marquee investors and individuals such as SoftBank,
BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, Mr. Ratan Tata, among others.For further information visit: www.snapdeal.com