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Simpl introduces Pay After Delivery checkout offering

OutlookIndia

OutlookIndia · 2y ago

Simpl introduces Pay After Delivery checkout offering

Fintech startup Simpl has launched a new payment feature called "Pay After Delivery Checkout." The offering allows users to make payments after receiving their orders, enhancing the purchasing experience. It helps reduce cash on delivery orders and returns for merchants by enabling payment to be deducted only after the successful delivery of a shipment.

Related News

IRCTC's Zoop partners with Simpl to allow customers to checkout online with ‘Pay After Delivery’ for food orders

IndianStartupNews

IndianStartupNews · 1y ago

IRCTC's Zoop partners with Simpl to allow customers to checkout online with ‘Pay After Delivery’ for food orders

IRCTC's Zoop, an online food aggregator, has joined forces with Simpl, a fintech startup, integrating Simpl's Pay After Delivery feature. This enhancement boosts user experience, minimizing Cash on Delivery (CoD) orders and replicating CoD's familiarity online, thereby building consumer trust. The partnership streamlines the checkout process for food delivery and pre-booked train meals, ensuring seamless transactions upon successful delivery and eliminating upfront payments.

Simpl Partners With Myntra To Offer 1-Tap Checkout During The Festive Season

OutlookIndia

OutlookIndia · 1y ago

Simpl Partners With Myntra To Offer 1-Tap Checkout During The Festive Season

Fintech company Simpl has joined forces with fashion e-tailer Myntra to introduce its 1-tap checkout feature to Myntra's customers. This partnership aims to enhance the checkout experience for Myntra's customers and improve conversion rates for merchants. Simpl's 1-Tap pay feature will be available during the Myntra Big Fashion Festival, offering a seamless and convenient checkout process. This collaboration reflects the growing demand for convenience, particularly among Gen Z and millennial shoppers in the online fashion category.

Simpl doubles down on Pay Later service to improve operational efficiency

YourStory

YourStory · 1y ago

Simpl doubles down on Pay Later service to improve operational efficiency

Indian fintech startup Simpl has outlined a new strategy with a focus on its Pay Later product. The buy-now-pay-later startup offers interest-free Pay Later services, pay-in-3 instalment options, utility bill payments, and a one-click checkout network. CEO Nityanand Sharma stated that Pay Later will be the company's main focus going forward. Simpl plans to improve unit economics, expand its network, and reduce operational costs. They also aim to increase availability and consumption in high-margin categories like fashion, beauty, and direct-to-consumer brands, as well as implement uniform consumer onboarding and education across all channels.

Fintech startup Simpl aims to onboard over 3,000 merchants to empower D2C ecosystem in Karnataka

IndianStartupNews

IndianStartupNews · 1y ago

Fintech startup Simpl aims to onboard over 3,000 merchants to empower D2C ecosystem in Karnataka

Fintech startup Simpl aims to onboard over 3,000 merchants in Karnataka, focusing on Direct-to-Customer (D2C) businesses, within the next 2-3 years. The goal is to support the growing D2C ecosystem in Bengaluru, which is known for its expanding startup base. Simpl plans to enhance conversions, reduce cash-on-delivery transactions, and minimize product returns for its merchant partners through its AI-led Checkout Network. The D2C sector in India is projected to grow at a CAGR of 34.5% between 2022 and 2027, and Simpl aims to empower D2C merchants in Bengaluru to become a leading enabler of change.

Simpl expands integration with Zomato, goes live with its one-tap checkout

Economic Times

Economic Times · 1y ago

Simpl expands integration with Zomato, goes live with its one-tap checkout

Simpl, a checkout network, is expanding its partnership with food platform Zomato to integrate its one-tap checkout with Zomato Gold, Intercity Legends, and Zomato Everyday. This collaboration aims to enhance convenience for customers, improve conversions, increase average order value, and drive user retention on the platform. Simpl has already processed over 100 million checkouts on Zomato since 2017, indicating strong consumer preference for easy and hassle-free checkout experiences. The integration will cater to a larger customer base, including those from tier-3 cities and beyond, as well as frequent customers in metro areas.

Simpl fires 100 employees in a bid to cut costs

Internet

Internet · 1y ago

Simpl fires 100 employees in a bid to cut costs

Simpl, a buy-now-pay-later startup, laid off over 100 employees across verticals in a cost-cutting measure, marking its first such action in 2024. The layoffs, announced by CEO Nitya Sharma, impacted high-level employees. Simpl cited a commitment to improving operational efficiency and profitability as reasons for the layoffs. Severance terms remain unclear. This move follows similar actions taken by Simpl in 2023 amid uncertain economic conditions.

Simpl fires 30 employees in 2nd round of layoffs within 2 months

Inshorts · 1y ago

Simpl fires 30 employees in 2nd round of layoffs within 2 months

Buy-now-pay-later (BNPL) fintech startup Simpl said it has laid off 30 employees as part of its efforts to improve operational efficiencies. The startup's four VPs Ashwini Ravindranath, Vatsal Jain, Ramkumar Narayanan and Anoop Saurabh have also resigned, Moneycontrol reported. This comes a month after the startup reportedly laid off around 160 employees.

Simpl introduces early settlement for D2C merchants to reduce CoD settlement time by up to 90 per cent

OutlookIndia

OutlookIndia · 1y ago

Simpl introduces early settlement for D2C merchants to reduce CoD settlement time by up to 90 per cent

Fintech startup Simpl has launched 'Early Settlement', a business offering for D2C (Direct-to-Customer) merchants in India. The service aims to reduce the settlement time for Cash on Delivery (CoD) orders by up to 90%, improving daily sales by almost 40%. CoD orders typically take 15-20 days to settle, causing cash flow issues. Simpl's Early Settlement ensures same-day settlement for both CoD and prepaid orders, helping merchants improve their cash flow and reconciliation. Over two dozen merchants have already adopted Early Settlement, experiencing increased sales and improved cash flow. Simpl plans to introduce real-time settlements for CoD transactions in the future.

Valar Ventures-backed Simpl lays off 100 employees, sets timeline to turn profitable

VCCircle

VCCircle · 1y ago

Valar Ventures-backed Simpl lays off 100 employees, sets timeline to turn profitable

Indian buy-now-pay-later platform Simpl, backed by Valar Ventures, has laid off around 100 employees as part of cost-cutting measures. The move is aimed at accelerating the company's journey towards profitability. Simpl plans to become profitable by mid-2025, with a focus on improving efficiency. The firm, which provides customers with a credit line for online purchases, claims to have over 26,000 partner stores. Simpl raised $40m in a Series B funding round in December 2021. In the financial year ending March 2023, it reported revenue of INR 87.4 crore ($11.7m) and a net loss of INR 356.7 crore.

Google launches Google Pay SoundPod for small businesses; Know the pricing

IndianStartupNews

IndianStartupNews · 1y ago

Google launches Google Pay SoundPod for small businesses; Know the pricing

Google Pay has introduced SoundPod, an audio device designed to improve the digital payment experience for merchants in India. The device provides real-time audio alerts for QR code payments, reducing checkout times. SoundPods are currently available in a limited pilot phase, receiving positive feedback, and will be made accessible to small merchants in the coming months. This announcement comes in response to recent action against Paytm Payments Bank by the Reserve Bank of India. Google Pay is offering various subscription options and a cashback incentive to encourage merchant adoption.

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