Visa and Snapdeal.com enter strategic partnership

Snapdeal.com owned by Jasper, a leading marketing platforms company, has entered into a strategic alliance with Visa.

As part of this partnership all Visa Debit and Credit cardholders in India will enjoy various benefits on Snapdeal and will additionally enjoy a free Rs.100 credit, usable against their purchase on Snapdeal. The partnership is designed to provide additional benefits and convenience to the growing number of online cards users in the country and further encourage existing Snapdeal users and Visa cardholders to utilise the various programs designed for the Indian users.

Speaking on the alliance, Mr. Uttam Nayak, Group Country Manager, India and South Asia, Visa said, “Visa is glad to partner with Snapdeal, a significant e-com player in India. With Indian consumers increasingly going online to shop or book tickets, we are glad to add to the bouquet of exclusive benefits for Visa cardholders, when they shop online. We are confident that this partnership we will take the convenience of online shopping to more consumers across the country.”

Snapdeal (www.snapdeal.com) offers 50 to 90 percent discounts on branded products and the best things to do, see, eat and experience in 45 cities across India. With over 1.8 million existing subscribers and a new subscriber joining every 4 seconds, Snapdeal has established itself as one of the fastest growing e-commerce sites in India. “We welcome Visa as a strategic partner for Snapdeal and believe excellent synergies exist between Snapdeal and Visa that offers various benefits to cardholders,” adds Kunal Bahl, CEO, Jasper.

About Visa

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices:

Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.

About Jasper

Jasper leads the way in multi-channel direct marketing platforms in India with key industry leaders across Consumer products, Financial services, Consumer durables, Retail, Technology and Telecom industries.

Snapdeal.com (www.snapdeal.com), a product of Jasper, is one of India’s fastest growing e-commerce sites, that features one attractive deal everyday (50 - 90% off) on Dining, Health & Beauty, Recreation, Entertainment, Travel, Sports and Branded Products across 45 cities in India. Snapdeal has been rated the #1 e-commerce site in India in 2011 by Dataquest/Sapient.