Private sector bank Yes Bank  has inked a partnership with Snapdeal, India’s largest online marketplace in terms of sellers transacting on its platform, and leading logistics and transportation company Blue Dart, which will see the financial institution make ‘strategic interventions in the financial supply chains’ of the latter two companies. the partnership is under Yes Transact, Yes Bank’s banking product suite, and will enable Snapdeal to receive cash-on-delivery proceeds from Blue Dart, in a faster, streamlined manner, as well as help with faster payments to the online marketplace’s suppliers.

The COD model accounts for about 60 per cent of all e-commerce transactions, with transaction value expected to touch about Rs 54,000 crore by 2016.

Interesting Facts…

• Blue Dart Express is South Asia’s premier courier, and integrated express package distribution company.It is South Asia’s premier courier, and integrated express package Distribution Company.
• It has the most extensive domestic network covering over 33,867 locations, and service more than 220 countries and territories worldwide through its group company DHL, the premier global brand name in express distribution services.
• Its warehouses are at 69 locations across the country as well as bonded warehouses at the 7 major metros of Ahmedabad, Bangalore, Chennai, Delhi, Mumbai, Kolkata and Hyderabad.

Try it…

__________________ signed an agreement with Snapdeal to market state’s handicraft and handloom products.