Snapdeal-owned mobile transactions platform Freecharge today announced that its recently launched ‘Wallet on Delivery’ option has been used for 100,000 Snapdeal deliveries, within the first week of its launch.
The company said that this might be the start of a new trend, which combines the ‘pay on delivery’ expectation of some users and the ‘non-cash’ payments preference of all e-commerce companies.
Following the announcement to demonetize Rs 500 and Rs 1,000 denomination notes on the evening of November 8, Snapdeal and Freecharge rolled out the wallet on delivery option to ensure that consumers continue to shop.
Freecharge also launched ‘change on wallet’ option to circumvent the challenges coming in returning change to the users. If a customer tenders a Rs 2000 currency note, the change due is instantly transferred to the user on their FreeCharge wallet.
CEO of FreeCharge, Govind Rajan calls this the faster than cash experience. “With the higher denomination currency notes no longer usable, thousands of e-commerce users across India had the choice to either delay acceptance of their packets in transit or cancel the order. We are delighted to have implemented these practical solutions in real time.”