New Delhi: Zomato users will now have the option to load their excess cash into their Zomato wallet instead of struggling to receive the right change, said Zomato founder and CEO Deepinder Goyal in a social media post. Goyal credited e-commerce rival BigBasket for the idea in his post on X. Zomato Money is the wallet offering from Zomato which claims to offer seamless payment options for its customers. To be sure, the food delivery app operator recently surrendered its payment aggregator and wallet license, citing a lack of viability.
BigBasket is now a Tata Group entity after the steel-to-airline conglomerate acquired a majority stake in the Bengaluru-based retail startup. Tata Group has centred its superapp project, Tata NeU — which houses its physical brands such as Westside, Taj group of hotels, Croma white goods stores, among other entities — around BigBasket.
How to add money cash balance to Zomato Money
Goyal shared that the cash balance may be added by the delivery executive to the customer’s Zomato Money account. This balance can then be added to payments for future online orders or even in-restaurant payments, he said.
“Starting today, our customers can pay delivery partners in cash, and ask for the balance amount to be added instantly to their Zomato Money account, said Goyal.
Adding more background to the initiative, Goyal said 3 Zomato delivery executives were working ith the company’s product team to develop the functionality. Delivery executives insisted on rolling out the functionality as soon as possible, Goyal added.
For cash on delivery orders, finding exact change can sometimes be inconvenient. Starting today, our customers can pay delivery partners in cash, and ask for the balance amount to be added instantly to their Zomato Money account. This balance can be used towards future delivery… pic.twitter.com/X7HcGQZird
— Deepinder Goyal (@deepigoyal) August 7, 2024
Zomato share price and Q1 earnings
Zomato’s share price closed 6.78 per cent higher on August 7, 2024
The company’s stock value rose 14.40 per cent in the past 5 days
Zomato’s share price was up 27.92 per cent in the past month
Zomato’s stock price rise 89.44 per cent in the past 6 months
Zomato’s share price was up 172.52 per cent in the past year
Zomato reported a jump in Q1 net profit to Rs 253 crore from Rs 2 crore in the year-ago period, backed by strong demand for its quick commerce delivery services via Blinkit and proportionate growth in the food delivery business.
Zomato users can now upload their excess cash balance used to pay for doorstep food delivery to their Zomato Money wallet. Here’s how it works. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
