ICICI bank to ease payment transfer from delivery fleet to Swiggy

Online food ordering and delivery platform Swiggy has teamed up with ICICI Bank to allow its delivery fleet to make payment transfer seamlessly. With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the funds to Swiggy, saving their time

"Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds," the company said in a statement.

"With the delivery fleet being the backbone of Swiggy, the adoption of the digital payment solutions will support the ease of operations and save their time and thousands of kilometres of travel," added the company's Chief Financial Officer (CFO) Rahul Bothra.

Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities. The digital payment methods will also help in preventing any cash leakages, the company said.