The leading banks, the digital payment companies, and global payments technology company VISA of India have few plans. The plan is to offer discounts of more than Rs 100 crores to the users of Snapdeal in the coming year i.e. April 2018 – March 2019.
Snapdeal tied up with almost 12 banks. These include SBI, HDFC, ICICI, American Express, Citibank, HSBC, Axis Bank, and Kotak Mahindra Bank. Further, the other banks include IndusInd Bank, Yes Bank, and Standard Chartered Bank providing great deals to users of Snapdeal.
Offers on Snapdeal from the Digital Payment Companies
Alongside, Snapdeal also tied up with Visa to allow all the banks benefit to use the digital wallet payment mode. Visa cardholders will receive discounts instantly. Moreover, they will receive a unique code every time they shop on Snapdeal. The discounts of digital payments now on top of the other offers in Snapdeal.
All the customers paying for orders on Snapdeal will use debit/credit cards. Additionally, they will use EMI or any other wallets will get the cashback or up to 25% instant discount on the offers having at that time. Sanpdeal has an expectation to cross a million transactions.
According to a Snapdeal spokesperson, “We plan to make each and every digital payment a rewarding and money-saving opportunity on Snapdeal. We are proud to be the platform with the highest number of such offers. The increased adoption of digital payments is a win-win proposition for our users, banking and digital payment partners and will be a significant boost to the digitization efforts in the economy.”
Moreover, Snapdeal has a plan to increase its partnership with at least 15 banking and 5 digital payment companies. HDFC credit card of Snapdeal has 1.52 lac users and spends exceeded Rs 100 crore.