Thu, Mar 30, 2017 | updated 02:17 PM IST

Snapdeal, FreeCharge launch 'Wallet on Delivery'

Updated: Nov 10, 2016 14:54 IST

New Delhi [India], Nov 10 (ANI): India's largest online marketplace Snapdeal has 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 and services.

The Wallet on Delivery will be available beginning November 10th, 2016 and in a progressive roll out and will cover Snapdeal and FreeCharge users across the country over the next few weeks.

"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," said CEO and Co-founder Snapdeal, Kunal Bahl.

"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 is met in real time. We are delighted to continue our contribution to the Hon'ble Prime Minister's vision to build a cashless society," added Bahl.

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. (ANI)

New Delhi [India], Mar. 30 (ANI): Leading Solar EPC player Vikram Solar Pvt. Ltd. signed a Memorandum of Understanding (MoU) with Israel's Water-Gen, a pioneer in air-to-water technology, to develop and introduce their path-breaking clean, hygienic drinking water solutions in the country.

Full Story >>

New Delhi [India], Mar 30 (ANI): Continuing with the new label launch spree in the month of March, India's leading fashion e-tailer, Jabong has announced the addition of yet another leading American high-street fashion wear brand, Aeropostale, to its product portfolio.

Full Story >>

New Delhi [India], Mar 30 (ANI): The Goods and Services Tax (GST) has received unprecedented support from all quarters as it is a simple system of taxation, under which various taxation rates will be merged into one with no cascading effect of taxation, said Revenue Secretary Hasmukh Adhia on Thursday.

Full Story >>

New Delhi [India], Mar. 30 (ANI): Contrary to its previous announcement that was circulated with regards to banks being operational on April 1, the Reserve Bank of India (RBI) in a revised circular stated that all payment systems will be closed on the aforementioned date.

Full Story >>

New Delhi [India], Mar 30 (ANI): London Stock Exchange today welcomes the world's largest corporate Masala bond. The landmark bond issuance from Housing Development Finance Corp (HDFC), one of India's leading banking and financial services companies comes less than 12 months after HDFC's INR 30 billion (USD 450 million) debt issuance in London, the first ever Indian corporate to list a Masala bond.

Full Story >>

New Delhi [India], Mar 30 (ANI-BusinessWireIndia): Grameen Koota Financial Services Private Limited (Grameen Koota) has raised Rs. 250 crore from its holding company, CreditAccess Asia (CAA), headquartered in Amsterdam, which is the leading multi-country Microfinance operator in India and South-East Asia. Part of the infusion, Rs.50 crore, will be provided in the form of equity and the remainder, Rs.200 crore will be provided in the form of Compulsory Convertible Debentures (CCDs).

Full Story >>

New Delhi [India], Mar. 30 (ANI): SBI Card, one of India's leading credit card issuers announced the launch of a credit card, 'SBI Card Unnati', targeted at all State Bank of India (SBI) customers, including Jan Dhan account holders, throughout the country.

Full Story >>

New Delhi [India], Mar. 30 (ANI): Metropolitan Stock Exchange of India Limited (MSEI), the third national level stock exchange is all set to conduct a mock trading session in equity, equity derivatives and currency derivatives segments on April 1, 2017.

Full Story >>

New Delhi [India], Mar 29 (ANI): Cloudatix Biz India Ventures Pvt. Ltd, a young research startup emerging as a Smart City Solutions provider and Mediaguru, a global media services company that specializes in the entire life cycle of digital asset management services, digitization and monetization, recently launched 'Startup Accelerator Program and Internet College'.

Full Story >>

Dong Nai [Vietnam]/Tokyo[Japan], Mar.29 (ANI): Vietnam is experiencing a rapid economic growth as customers' purchasing abilities have increased that leads to opening up of supermarkets.

Full Story >>

Rajya Sabha passes Finance Bill

Updated: Mar 29, 2017 17:58 IST

New Delhi [India], Mar 29 (ANI): The Rajya Sabha on Wednesday passed the Finance Bill after various amendments presented by Union Finance Minister Arun Jaitley.

Full Story >>

New Delhi [India], Mar 29 (ANI): G-20 Framework Working Group (FWG) in its third meeting at Varanasi held discussions over the state of the global economy as well asG-20 agenda on inclusive growth and reports on strong, sustainable and balanced growth and G-20 enhanced structural reform agenda among others.

Full Story >>

New Delhi [India], Mar 29 (ANI): A consortium of Siemens and Sumitomo Electric Industries Ltd. has been awarded an order from Power Grid Corporation of India, the central transmission utility of India, to supply a high-voltage direct current (HVDC) transmission system.

Full Story >>

New Delhi [India], Mar 29 (ANI): TiE Delhi-NCR, the world's largest network of successful entrepreneurs and professionals presents the sixth edition of India Internet Day to facilitate all conversations around India's aspirations as a future world leader and sustained, well-distributed growth of our vibrant economy.

Full Story >>

New Delhi [India], Mar 29 (ANI): India's first mobile app based B2B E-commerce player WYDR has announced hiring of Alok Varman as their new Vice President, Operations.

Full Story >>

New Delhi [India], Mar 29 (ANI): India's healthcare apex body NATHEALTH on Wednesday announced its new leadership team for the year 2017-18.

Full Story >>

New Delhi [India], Mar 29 (ANI): Leading open digital payments company PayPal has announced its partnership with Vistarooms.com to enable foreign travelers travelling to India book hotels in a safe and seamless manner and on a platform they are familiar with.

Full Story >>

New Delhi [India], Mar 29 (ANI): APUS Group, China's fastest growing unicorn with over 510 million global users has acquired Venture Catalysts-backed Siftr Labs for an undisclosed amount.

Full Story >>

New Delhi [India], Mar 29 (ANI): The 33rd Edition of India Carpet Expo, Organized by Carpet Export Promotion Council at Pragati Maidan, New Delhi, has received overwhelming response from around 350 buyers from across the world in the second day of the Expo. India Carpet Expo "Showcasing new Fall-winter collection, as per the buyers' requirements in terms of size, design, color and quality which is grabbing the interest of the buyers.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Lakshya Digital, India's leading game art development company is hosting the 'Keywords Game Art Summit' from March 28 to 31 March at Gurugram, to discuss India's growing prominence as a game art development hub for top publishers across the world.

Full Story >>