India's local electricity dealer Flipkart will close its payment system Payzippy

Absrtact: September 1 News, billion power network learned that India's local electric dealer Flipkart will close its payment system Payzippy, because Payzippy performance failed to achieve Flipkart expectations. Billion power network learned that Flipkart launched its own payments last July

September 1 news, billion power network learned that India's local electric dealer Flipkart will close its payment system Payzippy, because Payzippy performance failed to achieve Flipkart expectations.

Billion power network learned that Flipkart in July last year launched its own payment system, through a separate subsidiary operations, for their own platform to provide payment services. In addition, Flipkart has provided strategic investment to a mobile payment company in India, Ngpay.

A Flipkart spokesman said. Flipkart has always paid attention to the payment business, investment mobile payment company's initiative is also in order to be able to innovate in payment, hope to provide customers with good products, in India to create a good payment environment.

Although Flipkart terminated Payzippy's operations, they said the decision would not affect current customers, and Flipkart would use other payment methods to ensure customer service. The Payzippy team created a lot of payment innovations during the operation, and these technologies continue to be used on the Flipkart platform.