Snapdeal to expand payment by credit, debit cards on delivery

Image
Press Trust of India New Delhi
Last Updated : May 31 2015 | 4:13 PM IST
E-Commerce major Snapdeal will allow its users across 200 cities to pay through their credit and debit cards when they opt for pay-on-delivery option.
"The solution has been developed in partnership with GoJavas. Now customers can select the pay by card on delivery option, just like they would for COD. We are rolling this out in 120 cities," Snapdeal Vice President Operations Ashish Chitravanshi told PTI.
In the next few months, the facility will be available to customers across 200 cities, he added.
The service is already available across metros and cities like Agra, Ahmedabad, Ajmer, Aligarh, Bareilly, Chandigarh, Darjeeling, Gorakhpur, Hisar, Kanyakumari and Ooty.
"Many times, customers complained about lack of change or not having enough cash handy, asking the delivery boys to come at a later time. We expect this facility to help them in this regard," he said.
Though he declined to comment on the volume of shipment the company handles on an average, its co-founder and COO Rohit Bansal said the company is looking at a 10X growth in the next 2-3 years, which will translate into delivery of about 80-100 million packages a month.
Snapdeal had also said it will invest USD 150-200 million (about Rs 940-1,250 crore) by March next year on expanding its delivery operations as the competition in the booming Indian eCommerce market heats up.
In March, it acquired a minority stake in logistics firm GoJavas.
Under the service, GoJavas will equip its delivery staff to carry POS (transaction) machines to allow users to pay using their credit and debit cards.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 31 2015 | 4:13 PM IST

Next Story