PhonePe and Flipkart join forces to digitise cash-on-delivery payments Technology by Admin - July 6, 2021July 6, 20210 Digital funds platform PhonePe has joined palms with e-commerce platform Flipkart to allow contactless ‘Scan and Pay’ function for the latter’s pay-on-delivery orders. PhonePe mentioned that its dynamic QR code answer will allow prospects who had chosen ‘money on supply’ to pay digitally via any UPI app on the time of supply. Basically, individuals who had opted for money on supply purchases on Flipkart pays via apps like, says PhonePe or Google Pay. COD purchases with out precise involvement of forex PhonePe mentioned that this function will assist scale back private contact whereas making certain security and drive contactless funds for purchasers who’re historically extra snug with money on supply. In that sense, it’s nonetheless money buy with out the precise involvement of forex. “Digital payments adoption has become widespread over the past few years, thanks to UPI. However, there still continues to be a preference for cash on delivery among some customers at the time of delivery. Digitising these cash-based payments would give a major boost to not just e-commerce but also contribute to the larger goal of Digital India,” mentioned PhonePe Director (Business) Ankit Gaur mentioned in a press launch. “Our solution not just offers a seamless and contactless payment experience to customers but also helps to reduce cash handling costs for e-commerce and logistics companies,” he added. Last December, Flipkart had hived off PhonePe because the digital cost agency raised $ 700 million in funding. With ‘pay-on-delivery’ expertise, Flipkart desires to make sure that prospects have peace of thoughts with their funds and on the identical time can store throughout the security of their properties, Flipkart Head (Fintech and Payments Group) Ranjith Boyanapalli mentioned. PhonePe had reported over 100 million lively customers final yr.