In a significant development, online food aggregator Zomato has introduced a new feature named "daily payouts", aimed at providing essential support to its expanding network of restaurant partners.
This feature is currently available for restaurant partners handling 100 or fewer monthly orders.
The food delivery aggregator said the move comes after it engaged in discussions with various restaurants, recognizing the financial challenges faced by smaller eateries under the traditional weekly payout system.
Zomato, in its blog post, highlighted that the implementation of "daily payouts" caters to the pressing need of smaller establishments to have more frequent access to their earnings.
Key features of 'Daily Payouts'
No extra cost: Partners can seamlessly switch from weekly to daily payouts without incurring additional fees.
Improved cash flow: Transactions are settled daily based on sales from three days prior.
Flexibility in management: Partners can effortlessly switch between daily and weekly payouts using the Zomato Restaurant Partner App.
Restaurant partners keen on the daily payout option can utilize it through the Payout section of the Zomato Restaurant Partner App.
Zomato made headlines last month when its CEO, Deepinder Goyal, refuted reports suggesting that the company was seeking to acquire Shiprocket for $2 billion.
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