Snapdeal launches fast track payment option, aims to help small businesses

'Jaldi Payments' will slash payment receipt time by 76 per cent and help sellers use capital to expand their business, says company.

E-commerce platform Snapdeal has launched a service that will enable sellers to receive payment within three days of delivery of a shipment.

'Jaldi Payments' will slash payment receipt time by 76 per cent and help sellers use capital to expand their business, build inventory and manage other business needs, Snapdeal said.

A Snapdeal survey in February 2021 found sellers considered quick and flexible access to finance as an important lever of growth. While the pandemic has led to accelerated growth opportunities for online sellers, easy availability of working capital has been a constraint, especially for small sellers, Snapdeal said in a statement.

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