Since the acquisition by Alibaba in 2018, Daraz has seen a growth in the payment ecosystem accommodating a range of electronic payment solutions to give customers greater latitude and ease-of-use during online shopping. Now, the company has entered into a partnership with Visa to drive forward the online card payments in Nepal.
To start things off, both Daraz and Visa are offering the Visa cardholders up to 15% discount on prepayments up till 30 September 2020. And the customers can choose anything amongst 450,000 products ranging from electronics, groceries, lifestyle to fashion sold by more than 5,000 sellers on Daraz. Visa and Daraz users can avail discounts up to Rs. 500 by pre-paying only via a Visa Card that they have saved on the Daraz app. The discount offer can be used only once and includes all current Visa Credit, Debit, and Prepaid Cards issued in Nepal.
About the partnership, the MD at Daraz Nepal, Lino Ahlering said, “A collective effort is necessary in order to drive the development of the online card payment ecosystem in Nepal, and so, we are thrilled to collaborate with Visa. And with this initial offer, we want to provide our customers with an added benefit for choosing the already more convenient and safe method of making online payments.”
Similarly, the Head of Merchant Sales and Acquiring and Cybersource at Visa, Shailesh Paul said, “Digital payments and online shopping have become crucial in recent times, given the need for social distancing and less-touch. We are delighted to partner with a leading e-commerce player like Daraz to provide their shoppers with the convenience of paying online through a safe, secure medium. Our relationship with Daraz in multiple South Asian markets is proof of how established players can and should come together to enable and enhance shopping experiences for consumers.”
Considering the current scenario, online shopping is in high demand. However, online payments don’t seem to keep up a simultaneous pace. With the partnership, Daraz and Visa jointly wish to ensure authentic, secured, and hassle-free online shopping experience for the customers in the future.