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Swiggy launches its own digital wallet Swiggy Money

December 27, 2019

Swiggy launches its own digital wallet Swiggy Money

Swiggy has now followed the chain of other food delivery companies by launching its own digital wallet called Swiggy Money.

Swiggy Money will be the same as other digital wallets that store money and pay for transactions on the platform. It is powered by ICICI and is an RBI compliant PPI (Prepaid Payment Instrument)

Besides wallet, it is said that Swiggy will also launch a UPI-based payment system that may include peer to peer fund transfer.

This move by Swiggy is rather user-centric because it does about more than 50 million orders per month and it will help in user convenience and drive more engagement for Swiggy.

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