Maharashtra headquartered Yes Bank has inked a partnership with Snapdeal and Blue Dart to enhance the “Cash on Delivery” (COD) model by making strategic interventions in the financial supply chains of these 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 and streamlined manner.
- Yes Bank will act as a collection banker to Blue Dart for its cash handling.
Yes Bank had earlier partnered with Snapdeal to implement industry’s first API banking services enabling Snapdeal to process customer refunds within an hour’s time.
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