Striving to ease the demonetised Indian population’s woes, Delhi-based ecommerce marketplace Snapdeal has launched a “[email protected]” service. The service allows users to order cash and have it delivered at their doorstep.
A company statement claims that the service is a goodwill gesture by Snapdeal to allow users to easily access cash without having to queue up at their bank or at the ATMs.
Rohit Bansal, co-founder, Snapdeal said “At Snapdeal, we aim to be the marketplace that seamlessly services every customer need. As the country transitions to a more digitally enabled economy, we’ve launched a series of timely initiatives – from wallet and card on delivery, to extending FreeCharge partnerships to smoothen this transition. The launch of the cash on demand service is intended to further help our consumers tide over any cash crunch that they might face in addressing their daily needs.”
How it Works
Snapdeal’s courier partners will carry PoS machines. For cash delivery, consumers will need to swipe their ATM card on the PoS machines. Once the transaction is successful, the courier person will hand over INR 2,000 in cash.
For the service, Snapdeal will use the cash that it receives through Cash on Delivery (CoD) orders. It will charge INR 1 as convenience fee, which will need to be paid through FreeCharge or through a debit card at the time of booking the order.
A user can request INR 2,000 per booking and any bank’s ATM card can be used to pay for the cash. The customers are not obligated to order anything else from Snapdeal to access the “[email protected]” facility. The service is currently live in Gurugram and Bengaluru and will be extended to other major cities in the coming days.
Earlier this month hyperlocal grocery delivery startup, Grofers partnered with YES Bank, in a bid to allow Grofers customers to get currency notes delivered to their doorstep along with their grocery order for up to INR 2,000 through YES Bank PoS machines.