Monday , February 18 2019

Snapdeal Offers to Deliver Cash to Your Home

Snapdeal is offering to give Rs. 2,000 to your home and no extra purchase is essential, the company says.


Snapdeal on Thursday had announced the launch of new facility named Cash@Home that permits people to order the delivery of Rs. 2000. The mode it works is so simple – you should install the Snapdeal app, and it traces your location information to check if there is cash accessible in your region. Rendering to Snapdeal, if cash if offered, you will get a push notification and even SMS notification, moving you to the order page.

You need to pay a convenience fee of Rs. 1, either through FreeCharge app or by using your debit card. The next day, a Snap deal logistics executive lands at your doorstep with a POS machine, can swipe your card and collect your cash. There is a limit of Rs. 2,000 per day on the booking, and you are not supposed to order anything else. The service is presently live in parts of Gurugram and Bengaluru, and only works through the Snapdeal app.

Rendering to Snapdeal, the money is being dispersed as a “goodwill gesture”, and approaches from the money it takes as CoD. A skeptic would point out that this also liberates the business from having to credit the cash in its individual bank account, as it uses clients to turn its money into a digital method. And, as the offer is only prolonged to app users, grounded around push notifications, it also aids to ensure that people install the application, and keep it on their smartphones. For customers who are needy for cash as of long ATM queues, this contribution is a pretty big boon to have accessible.

“At Snapdeal, we target to be the market that flawlessly services each customer necessity,” says Rohit Bansal, co-founder, Snapdeal. “As the nation transitions to a more numerically enabled economy, we have launched a sequence of timely wits – from wallet and card on delivery, to spreading FreeCharge firms to smoothen this changeover. The launch of the currency on demand service is envisioned to further aid our consumers flow over any cash crisis that they may face in addressing their regular needs.”

Snapdeal isn’t the first tech business to deal a cash delivery service. Tailmill – a Noida-based corporation that transports groceries and uses algorithms to inevitably build your shopping list – initiated to offer home delivery of cash, up to Rs. 1000, in corporation with flour seller TWF Flours.

Like Snapdeal, Tailmill was also re-circulating the cash it gained through cash-on-delivery proposals. In the middle through December, Grofers hopped on the bandwagon posing a same service in partnership with Yes Bank. This was presented to customers across Mumbai, Gurugram, and Bengaluru.

However, unlike Snapdeal, if you go for Grofers, you need to order groceries of worth Rs. 2,000 to get cash transported.

“Grofers, the on-demand e-commerce mobile and Web application, is gearing up a new path for people to get cash supplied at home, by joining with Yes Bank,” the bank had said in a mailed declaration.


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