HomeBusinessSnapdeal partners with NPCI for QR based digital payments

Snapdeal partners with NPCI for QR based digital payments



Value-focused e-commerce giant, Snapdeal has announced its partnership with National Payments Corporation of India (NPCI) to allow buyers to make QR-based digital payments at the time of accepting delivery of their orders.

Snapdeal in its press released said, “The customer will be offered the “QR-code payment option” at their doorstep as part of the delivery process. The customer will be able to scan the code with any UPI-linked payment app on their phone and pay for their purchase. The customer will be able to confirm the name of the payee and the amount before approving the payment.”

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“The facility will work with all UPI-payment options, including Bhim, Google Pay, Whatsapp Pay, PhonePe, Paytm, and UPI apps from leading private & public sector banks like HDFC, SBI, ICICI, and others,” the statement said.

Speaking on the partnership with NPCI, Rajnish Wahi, Senior Vice President, Snapdeal, “We are always looking out for additional ways to make the online experience better and more convenient for our customers, especially for those who are starting their online journeys. This integration with NPCI allows our users to time the payment to their comfort levels and also enables our delivery partners to reduce the handling of cash. We also believe that this will expand the adoption of UPI in smaller cities and towns in India.”

“We are pleased to be associated with Snapdeal and offer convenience as well as comfortable doorstep payment experience to customers through UPI. We believe this initiative will boost UPI transactions among numerous buyers and provide extra confidence to them to perform digital transactions even though they chose COD as an option. With UPI, it’s a constant endeavor of NPCI to bring together Indian customers on the UPI journey and offer them smart, secured, and hassle-free payment solutions. We are also hopeful with strategic initiatives like these, India is soon going to achieve the goal of a digital society,” Kunal Kalawatia, Chief of Marketing, NPCI said.

“The move also helps reduce the amount of cash handled by delivery executives and courier companies, as the amount flows directly from the customer’s bank account to the designated account of the marketplace,” the statement said.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.

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