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Cashfree Payments, India’s leading payments and API banking solutions company, is enabling Zepto, the country’s fastest growing e-grocery company, to provide a secure and fast checkout experience to its customers using the Cashfree Payments payment gateway.
Zepto, the 10-minute grocery delivery service, ensures fast and seamless delivery of over 3000 products ranging from fresh vegetables and fruits to daily essentials across 10 major cities in India – Mumbai, Bangalore, Chennai, Delhi, Ghaziabad, Kolkata, Noida. , Pune, Hyderabad, and Gurgaon. Zepto is able to consistently deliver on time through a combination of technical and operational excellence.
Cashfree Payment’s payment gateway API has been integrated into Zepto’s mobile app to enable a faster checkout experience for customers. Customers can select any preferred mode of payment like UPI, Debit Card, Credit Card, Net-Banking etc. supported by Cashfree Payment. Zepto uses the UPI intent flow offered by Cashfree Payments payment gateway – an integration type that automatically shows all UPI apps, like PhonePe, Paytm, Google Pay etc. already installed on the customer’s mobile phone. Customers can choose the UPI app of their choice, the amount is filled automatically and customers can make the payment by entering the UPI PIN and completing the payment. UPI intent flow greatly increases the speed as well as success rate of UPI transactions and is the most secure and reliable way for businesses to offer UPI payments.
Cashfree Payments supports Zepto’s mission to deliver groceries within 10 minutes by providing fast checkout and industry-leading success rates. Cashfree Payments also offers 24*7 tech support that helps hyperlocal companies stay customer-first. Moreover, Zepto is delighting customers with the fastest refunds to their linked bank accounts, in case of UPI payments using Payouts, the API banking solution for cashless payments.
Riju Dutta, co-founder, Cashfree Payments, said, “As a payment platform our focus is to provide the best checkout experience to customers and the highest transaction success rate for our partner businesses at affordable prices. It gives us immense pleasure that our effective solution is enabling an efficient payment experience for millions of Zepto customers and contributing to the growth journey of a unique business like Zepto.” said Amrithanshu Nanda, Chief Marketing Officer, Zepto. Priorities, our association with Cashfree Payments enables a seamless payment experience. With digital payments becoming ubiquitous, Zepto will continue to make this in-app experience secure and smooth.” With over 50% market share among payment processors, CashFree Payments today leads the way in bulk distribution with its product payouts in India. Recently, India’s largest lender, SBI invested in cashless payments and emphasized the company’s role in building a strong payments ecosystem. Cashfree Payment works closely with all leading banks to build the core payment and banking infrastructure that powers the company’s products and also integrates with major platforms like Shopify, Wix, PayPal, Amazon Pay, Paytm and Google Pay. Apart from India, cashfree payment products are used in eight other countries, including the US, Canada and the UAE.
About Cashfree Payments Cashfree Payments is a leading payments and API banking solutions company. It provides full-stack payment solutions that enable businesses in India to collect payments and payout through all available methods with easy integration. Cashfree Payment’s offerings include an advanced and simple way to integrate payment gateways, a segmented payment solution for marketplaces, bank account verification APIs, and Auto Collect — a virtual account solution that matches inbound payments to customers. Founded by IIIT Hyderabad alumni Akash Sinha and IIT Kharagpur graduate Riju Dutt, www.cashfree.com is among the leading payment service providers in India processing USD 40 billion worth of transactions annually. It has leveraged technology to lead payments in India with over 50% market share among payment processors. Cashfree Payments enables over 1,50,000 businesses with payment collection, vendor payments, payroll, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, cashfree payment products are used in eight other countries, including the US, Canada and the UAE. Cashfree Payments is backed by Silicon Valley investors Y Combinator, Apis Partners, State Bank of India (SBI) and powered by PayPal.
About Zepto Founded by 2021 Stanford University dropouts, Adit Palicha and Kaivalya Vohra, Zepto is India’s fastest growing e-grocery company valued at $900 million with recent Series-D funding of $200M from global investors Y Combinator Continuity, Along with Kaisis, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. Headquartered in Mumbai, Zepto is present across 10 major cities in the country, 1000+ employees strong, and offers ~3,000 products to Indians, including fresh fruits and vegetables, daily cooking essentials, dairy products, health-and-health and wellness products, etc. Home in 10 minutes. With strong technological capabilities, an efficient business model and a network of highly optimized delivery centers across its 10 locations, the company is revolutionizing the Indian grocery segment, currently valued at $600 billion, by making it convenient and convenient. Beyond groceries, Zepto has also launched a cafe offering that allows customers to order coffee, tea and other cafe items with their groceries.
Photo: https://mma.prnewswire.com/media/1939856/UPI_intent_Flow.jpg Logo: https://mma.prnewswire.com/media/1714361/Cashfree_Payments_Logo.jpg
(This story was not edited by Devdiscourse staff and was generated automatically from a syndicated feed.)
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