PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: AIM HIGH Consulting

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Flipkart.com to Offer Cash on Delivery Option - Customers on flipkart.com can now place orders online and make payments by cash against delivery of books. Flipkart expects the Cash on Delivery option to drastically broaden the customer base addressing low penetration of Cards in the country
Flipkart.com to Offer Cash on Delivery Option

 

NewswireToday - /newswire/ - Bangalore, Karnataka, India, 2010/04/23 - Customers on flipkart.com can now place orders online and make payments by cash against delivery of books. Flipkart expects the Cash on Delivery option to drastically broaden the customer base addressing low penetration of Cards in the country.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Books/Publishing/Newspapers Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Flipkart, the largest Indian online book-store, today announced the launch of its much awaited ‘Cash on Delivery’ (COD) facility. Customers on Flipkart.com will now be able to place orders online and pay cash, against delivery of books. This move now makes it possible for anyone with an internet access to shop online for books; adding entirely new sets of customers. Those who do not have access to facilities like credit cards and net banking, but are book buyers will now be able to buy books online. The Cash on Delivery facility is currently available in 29 cities (tier-1 cities and metros), and will shortly be extended to tier-2 and tier-3 cities as well.

Announcing the launch of the new facility, on the occasion of the ‘International Day of the Book’, Flipkart’s CEO, Sachin Bansal said, “Considering the low levels of credit card and net banking penetration in India, this move by Flipkart has the potential to catapult the entire online book retail industry to the next level. It will enable Flipkart to reach out to a totally new customer base that includes important categories like students and homemakers, most of whom do not have access to credit or debit cards but are otherwise internet literate and book buyers. We expect that within 3-4 months sales from Cash on Delivery orders will surpass sales from online payment options like credit and debit cards, net banking etc, making it the most popular method of buying books on Flipkart.”

One of the primary reasons for low levels of e-commerce transactions in markets like India is that – even among customers who have cards and or have access to services like net banking, there is great reluctance to use such facilities for online payments because of fears of security of data and transactions. “The Cash on Delivery option at once opens up our wide-choice of four million titles to anyone and everyone who has interest in books and has access to internet. While it will help significantly add numbers to customer categories like students, homemakers, etc, what this facility will also do is to add greatly to new geographies, to include more buyers from smaller cities and towns that are very low on card penetration”, added Sachin Bansal.

Flipkart will thus address the needs of completely new strata of customers who did not so far have the opportunity of reading their choice of books because of high costs and less variety available in brick and mortar stores and lack of convenient payment options in online stores. The cash on delivery option will be applicable to any order size that is below Rs. 2,500/- and Flipkart will use the services of its current logistics partners to facilitate collection of cash from customers.

About Flipkart
Clocking sales of more than five lakh books in the past two years and currently speeding along at the rate of more than one book sold every minute, Bangalore based Flipkart.com is the largest online book store in India. The family of book buyers on Flipkart is spread across the country, with registered buyers in every city and small town today. The company was started in 2007 by former classmates at IIT Delhi and later colleagues at Amazon.com, Sachin Bansal and Binny Bansal. The company has been funded by Accel India.

Regarded a pioneer in the e-commerce space in the country, currently Flipkart has over four million titles listed; ranging across all categories. The Flipkart experience is characterized by the intuitive user interface, free shipping and low prices. As a testimony to the superior customer experience, the company has consistently recorded repeat purchase rates of more than 50%. Flipkart has grown ten times over the last one year and aims to touch the Rs 100 crore mark by March 2011. Flipkart has a team of 120 members and currently operate from offices in Bangalore, Mumbai and Delhi. Flipkart plans to add more offices during the current year.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Books/Publishing/Newspapers Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AIM HIGH Consulting

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Books/Publishing/Newspapers articles,
CATCH Visitors via Your Competitors Announcements!


Flipkart.com to Offer Cash on Delivery Option

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Priya Mathew - AIMHIGHIndia.com 
+91 40 40168439
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AIM HIGH Consulting securities in any jurisdiction including any other companies listed or named in this release.

Books/Publishing/Newspapers via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AIM HIGH Consulting / Company Profile


Read Books/Publishing/Newspapers Most Recent Related Newswires:

Botanical Society of America and Wiley Confirm New Publishing Partnership
Wiley and Instructure Partner to Build Next Generation of Higher Education Courseware
Wiley and International AIDS Society Confirm New Publishing Partnership
American Oil Chemists’ Society and Wiley Confirm New Publishing Partnership
The Society for Leukocyte Biology and Wiley Announce Publishing Partnership The Society for Leukocyte Biology and Wiley Announce Publishing Partnershi
Wiley Partnership with Overleaf Enables Author Collaboration
Wiley Launches New Open Access Journal in Collaboration with the Japanese Society of Gastroenterological Surgery
Australasian Society for Immunology, Inc. and Wiley Confirm New Publishing Partnership
Wiley and StudyAce Announce Partnership to Bring Learning Games, Flashcards and Practice Tests to Psychology and Business Students
The Physiological Society and Wiley Renew Partnership
Wiley, American Society of Plant Biologists and Society for Experimental Biology Partnering on New Open Access Journal - Plant Direct
AAA Extends Partnership with Wiley
Wiley Expands Use of Data to Enhance Student Experiences Throughout the Student Journey
International Society on Thrombosis and Haemostasis Partners with Wiley to Launch New Open Access Journal
24/7 Streaming Channel Brings Local News to Bucks County in a New Way

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)