Flipkart, PepperTap use Pine Labs' fix for cash-on-delivery transactions

NEW DELHI: Pine Labs, a point-of-sale payment solutions provider, has tied up with ecommerce firms Flipkart and PepperTap to provide real-time update of money collected in cash-on-delivery transactions.

Besides Flipkart and online grocery retailer PepperTap, Pine Labs is also doing a pilot with Grofers, the firm’s Asia Pacific president Kush Mehra said.

Pine Labs’ point-of-sale ( PoS) machines mirrors money collected in cash-on-delivery transactions on the company’s system, reducing chances of under reporting by delivery staff. Earlier, most ecommerce companies were clueless about how much cash had been generated through CoD transactions till it was deposited in banks or their offices.

"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 said.

PepperTap confirmed its association with Pine Labs. Flipkart did not respond to ET’s emailed query on the matter till the time of filing this report.