In the long run, the temporary drop in sales of goods will rebound with the introduction of new currency notes, mitigating the impact on the e-commerce players dependent upon cash on delivery.
However, top leaders of these e-commerce companies welcomed the government's decision saying this would have a positive impact on their businesses and the overall economy in the long-term.
Within a year of joining the e-commerce bandwagon as a distribution channel, government entity India Post has transacted business worth Rs 280 crore in the Cash-on-Delivery (CoD) segment alone for firms like Flipkart, Snapdeal and Amazon.
Why most of India's biggest ecommerce companies want to become third-party marketplaces. And why a few are choosing to sit it out.
Jet Airways today announced a convenient payment option for its customers, which allows them to book tickets online on the domestic carrier's portal and pay by cash later, a move aimed at enhancing the airline's distribution network.
The economics of cash on delivery don't add up
On this week's special show of CNBC-TV18's Storyboard, join the debate over TV ratings continues and find out what's holding up BARC. Find out what Facebook is doing to regain advertiser confidence and why cash-on -delivery is a double edged sword.
Festivities are synonymous to shopping for most of us. We‘ve listed a few website offering various discounts and deals for this Christmas and New Year.