Amit Daga's Blogs & Publications

Driven by urbanization, attitudinal shifts and income growth, India’s retail market is expected to double from US$ 600 billion in 2015 to US$ 1 trillion by 2020 as per IBEF. The tremendous growth of e-commerce market also plays an integral role in the high scale development of the retail sector; by 2020, ecommerce will be a $700 billion market (B2B) with 530 million shoppers by 2025, coming at par with offline stores within a span of five years. Against the backdrop of robust investment in the sector and proliferation of internet users, India is now expected to become the world’s fastest growing e-commerce market.  e-Retail growing at a breakneck speed The past decade witnessed an increase in consumer spending, entry of key e-retail players, faster internet speeds on reliable telecom networks, expanded reach and increased adoption of online services as well as a greater need for convenience. As a result, traditional brick and mortar models today are witnessing a d...

Author: Joyshree Saha Original Url:  http://retail.franchiseindia.com/article/whats-hot/trends/Impact-on-E-commerce-Retailers-after-CoD.a5518/ With notes going out of circulation, people can use credit/debit cards, net banking or gift cards to purchase their products. This results the customers to save cash for necessity and chose to pay through online mode . Following Prime Minister Narendra Modi announcement of the demonetization of Rs 500 and Rs 1000 currency notes, most e-commerce sites have stopped opting of Cash on Delivery (CoD) as the preferred payment option. With notes going out of circulation, people can use credit/debit cards, net banking or gift cards to purchase their products. This results the customers to save cash for necessity and chose to pay through online mode. “Today is digital India's luckiest day and start of golden age for all FinTech companies. Privileged to be born in this time and age!” said Vijay Shekhar Sharma, Founder, Paytm. Move towar...