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Bangalore, India, November 7, 2022 /PRNewswire/ — Cashless payment, of India A leading payment and API banking solutions company, the country’s fastest growing e-grocery company Zepto is enabling its customers to provide a secure and fast checkout experience using the Cashfree Payments payment gateway.
UPI Intent Flow
Zepto, the 10-minute grocery delivery service, ensures fast and seamless delivery of over 3000 products across 10 major cities, from fresh vegetables and fruits to daily necessities. India – MumbaiBangalore, Chennai, DelhiGhaziabad, CalcuttaNoida, 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 Dutt, Co-Founder, CashFree Payments said, “As a payment platform our focus is on providing customers with the best checkout experience and highest transaction success rates for our partner businesses at affordable prices. It gives us great pleasure that our effective solution is enabling an efficient payment experience for millions of Zepto customers and contributing to the growth journey of individual businesses like Zepto.”
Amrithanshu Nanda, Chief Marketing Officer of Zepto said, “As a service that prioritizes convenience, our association with CashFree Payments enables a seamless payment experience. As digital payments become ubiquitous, Zepto will continue to make this experience secure and smooth on the app.”
With over 50% market share among payment processors, CashFree Payments is leading the way in bulk distribution today. India with payment of its products. recently, of India The largest lender, SBI has 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. In addition to IndiaCashfree payment products are also used in eight other countries America, Canada and United Arab Emirates.
About Cashfree Payments
Cashfree Payments is a leading payments and API banking solutions company. It enables businesses to provide full-stack payment solutions India To collect and make payments 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 alumni of IIIT Hyderabad Akash Sinha and Riju Dutt, a graduate of IIT Kharagpur, www.cashfree.com is among the leading payment service providers India Price Processing Transactions USD 40 billion Annually it has used technology to lead payment distribution India Among payment processors with more than 50% market share. Cashfree Payments enables over 1,50,000 businesses with payment collection, vendor payments, payroll, bulk refunds, expense reimbursements, loyalty and rewards. In addition to IndiaCashfree payment products are also used in eight other countries America, Canada, and UAE. Silicon Valley Investors Y Combinator, Apis Partners, State Bank Back Cashless Payments India (SBI), and was incubated by PayPal.
About Zepto
Established in 2021 Stanford University Dropout, Adit Policha and Kaivalya VohraZepto is of India Valued fastest growing e-grocery company $900 million After its recent Series-D funding round $200M From marquee global investors including Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. Headquarters MumbaiZepto is present across 10 major cities in the country, 1000+ employees strong, and delivers ~3,000 products including fresh fruits and vegetables, daily cooking essentials, dairy products, health-and-wellness products, etc. to Indian households in 10 minutes strong. With technological prowess, an efficient business model and a network of highly optimized delivery centers across its 10 locations, the company is currently revolutionizing the Indian grocery sector. $600 billion, makes it easy 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
Originating cashless payments
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