menu

Indian E-Commerce Site Adds Prepaid Payment Feature

Indian E-Commerce Site Adds Prepaid Payment Feature
Retail

Flipkart's new 'Wallet' lets customers store money to purchase items without entering their card details every time.

Emma Hutchings
  • 1 december 2011

India’s leading e-commerce site Flipkart, founded four years ago by former Amazon employees Sachin and Binny Bansal, has added a prepaid payment feature that lets customers store their money on the site. Shoppers can then use the ‘Wallet’ to purchase items without having to enter their credit or debit card information.

This new feature aims to simplify online payments for customers as they can store up to Rs. 10,000 ($190) in their Wallet and then use the money for multiple purchases over a long period. The checkout process is also faster and more reliable as they don’t use payment gateways or enter their financial details.

Indian E-Commerce Site Adds Prepaid Payment Feature

If a customer wants to buy something that costs more than the amount they have in their Wallet, Flipkart allows them to partially pay for the item with their Wallet’s funds and then add the rest from another source. The Wallet also has no expiry date and the stored money can be easily returned to a person’s bank account if they want it refunded.

Flipkart

Photo by Kainaz Amaria

+#retail
+#technology
+amazon
+Asia
+e-commerce
+Finance & Money
+financial services
+india
+Retail
+technology
+wallet
+Work & Business
Trending

Upscale Delivery Service Points To The Future Of The Cannabis Industry

Luxury
NEW TREND REPORT


RETAIL SNAPSHOT IN LA

A neighborhood-by-neighborhood guide to the city's retail experiments.

DOWNLOAD TODAY

PSFK EVENTS


PSFK 2017 Conference

Ranked #1 of the Most Innovative Conferences of 2016 by Inc. Magazine


BUY YOUR TICKETS, MAY 19

Automotive Yesterday
Advertising february 23, 2017
No search results found.