Thursday 22 December 2016

This online retailer is now selling cash!

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An Indian online retailer is now selling the most sought after commodity in the country on its platform — cash!  

Snapdeal announced Thursday its "Cash@Home" service, through which people in select cities in India can order up to Rs 2,000 ($30) and have it delivered at their doorstep. The service, marketed as a goodwill gesture, is aimed at addressing the shortage of cash in the nation following the bold demonetization move last month. 

India invalidated most of its cash (86 percent of circulation) on Nov. 8. In the aftermath, millions have been stranded with little choice but to spend much of their time outside banks and ATMs in dim hope of obtaining cash. Read more...

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