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Here’s how Flipkart will keep a tab on cash-on-delivery transactions

BI India BureauAug 18, 2015, 18:37 IST

E-commerce firms like Flipkart, PepperTap have tied up with point-of-sale payment solutions provider, Pine Labs, for real-time update of money collected in cash-on-delivery transactions.

Pine Labs is also doing a pilot with Grofers, the firm's Asia Pacific president Kush Mehra told Economic Times.

Pine Labs' point-of-sale machines mirror money collected in cash-on-delivery (CoD) transactions on the company's system, reducing chances of under reporting by delivery staff.

This will give e-Commerce firms information on cash generated through CoD transactions.

"With our PoS machines, ecommerce companies can also convert cash-on-delivery transactions to card-on-delivery transactions which will help in time and cost of handling cash," Mehra told ET.