How cashless economy will affect e-commerce?

Typically, about 70% of the overall e-commerce orders are paid for in cash, according to research and advisory firm Redseer Management. read more

However, the e-commerce sector is expected to grow at a rapid pace in the coming years. A cashless economy will be good for both buyers and sellers as it makes transactions hassle free. However, it will largely depend on the faith of the customer on the e-commerce company. read more

The recent government push towards a cashless economy will encourage more online payments and reduce the total share of COD in e-commerce sales from the current high of nearly 80% of total transactions. This should help e-commerce companies including Amazon to reduce overhead costs and other risks associated with the COD model. read more