It looks like Snapdeal has gone live with its payment gateway solution Klickpay, allowing users to make payments for their online purchases on Klickpay merchant websites. The solution is currently live on Snapdeal wherein consumers can use this option for their purchases. This follows a report from last month which had suggested that Snapdeal was planning to launch a payment gateway in a bid to reduce the usage of cash on delivery model by consumers for online payments. The service seems to be currently targeting those who are wary of sharing their credit card details for online transactions, by positioning itself as a platform which facilitates online payments without disclosing the user's credit or debit card details to the merchant. It claims to encrypt sensitive information like credit card numbers, expiry month and year before sending it over to merchants. Users can sign up for a Klickpay account using their Facebook credentials or by providing details like name, email address and mobile number, and then save details like their address, credit or debit card numbers. This allows quick payment Following this, users can sign in using their Klickpay account on merchant sites and complete the purchase by entering their CVV number and the 3D secure password. Last month, Flipkart's Payzippy had also introduced its consumer facing product, allowing users similar functionality. KlickPay Score: For merchants, it offers features like checkout widgets, payer network, fraud detection and others. But what's particularly interesting is a Klickpay priority score for each customer, generated from their online transaction history, COD (Cash on delivery) returns, social…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...