Goodbye CoD: Paytm, Freecharge launch ‘Wallet on Delivery’

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 In a move that may end the era of cash on delivery (CoD) forever, mobile wallets Paytm and Freecharge today launched ‘Wallet on Delivery’ (WoD), which will allow users to pay on delivery by using their e-wallet. Paytm in an official tweet said: "Goodbye, COD. We're working with our courier partners to enable Wallet on Delivery, also known as Paytm on Delivery [POD]." “The company is in talks with various ecommerce and logistics companies to enable POD. With POD, a courier boy can just wear a QR code tag and a shopper can pay by Paytm when a parcel arrives on the doorstep," he added. 

 

 Wallets such as Freecharge, Paytm and Mobikwik are used extensively by users in India now to conveniently pay for utilities like cab rides, metro, phone recharges, electricity, gas, petrol, DTH and lots more in India. In a bid to curb black money, PM Narendra Modi on 8th November, 2016 announced that the existing Rs 500 and Rs 1000 notes will cease to be legal tender. This made all companies including Amazon, Flipkart, Snapdeal, Uber, Foodpanda, Yumist restrict cash on delivery options from immediate effect. Like Paytm, Snapdeal also launched a similar payment on delivery service. 

 

The launch of Wallet on Delivery is an absolute need of the hour for consumers. More than a year ago, we had made a strategic decision to build India’s best digital payments platform to offer the fastest and most efficient payments experience in the country,” said Kunal Bahl, CEO and Co-founder of Snapdeal, which owns Freecharge.