After posting a blog announcing 300 layoffs on Friday, restaurant aggregator Zomato published another blog on Sunday announcing the shutdown of its cashless payments business, branded Zomato Cashless.
Zomato had partnered with Emirates NBD, a Dubai-based bank to introduce the feature in February 2015. Cashless allowed diners to settle their bill without paying cash or physically swiping their cards at participating restaurants in Dubai, using a credit card. While the company had planned to expand the feature to other markets, Cashless wasn't rolled out in any other countries during the last eight months.
"For now, we'll be rolling back Cashless completely in the next 7 days," wrote Deepinder Goyal, Co-Founder and CEO of Zomato in a blog post.
"In our Cashless product, we needed a user to think about the payment at a restaurant before the start of the meal, whereas they are accustomed to thinking about the payment only at the end of the meal," Goyal wrote.Read More : http://gadgets.ndtv.com/apps/news/zomato-shuts-down-cashless-payments-754253
Zomato had partnered with Emirates NBD, a Dubai-based bank to introduce the feature in February 2015. Cashless allowed diners to settle their bill without paying cash or physically swiping their cards at participating restaurants in Dubai, using a credit card. While the company had planned to expand the feature to other markets, Cashless wasn't rolled out in any other countries during the last eight months.
"For now, we'll be rolling back Cashless completely in the next 7 days," wrote Deepinder Goyal, Co-Founder and CEO of Zomato in a blog post.
"In our Cashless product, we needed a user to think about the payment at a restaurant before the start of the meal, whereas they are accustomed to thinking about the payment only at the end of the meal," Goyal wrote.Read More : http://gadgets.ndtv.com/apps/news/zomato-shuts-down-cashless-payments-754253