tech2 News StaffNov 10, 2016 13:59:25 IST
Snapdeal has announced a new feature for its online marketplace to ensure convenience of customers after the announcement of the ban on Rs 500 and Rs 1000 currency notes. The new feature is called "Wallet on Delivery" (WoD) which enables the users to use their FreeCharge wallets while receiving any product. This new feature makes a way towards a cashless experience for customers who don't have a credit card or debit card and only rely on internet banking for their digital transactions.
The feature is a digital replacement for the existing "Cash on Delivery" option which has been rendered useless till the time new Rs 500 and Rs 2,000 currency notes are rolled out in the market. WoD will be available starting 10, November 2016 with a gradual rollout to all the users across India.
“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. 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 are met in real time," added Kunal Bahl, CEO and Co-founder of Snapdeal.
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