Yesterday, at the same, India's honorable PM, Narendra Modi announced that the government and RBI mutually ditching the Rs. 500 and Rs. 1000 Notes in the country to take a leaf against the black money holders.
This move from the government might come in handy for many reasons, however, we are already seeing some side effects of this move. Almost all the e-commerce sites in the country stopped offering cash on delivery payment in India.
Whereas, Flipkart is making a clear note on the payment page that keep the appropriate change and co-operate with the delivery boys by giving them the exact order value in change. But, ever since the announcement made, Amazon India stopped offering cash on delivery payment method.
So, if you want to order something from these e-commerce sites, you have to pay online itself via your debit/credit card or via net banking. Some of the sites do have support for some digital wallets such as the Paytm, Freecharge, etc.
The latest ones to join this bandwagon wheel is the digital wallet and e-commerce site- Paytm. The company, in a press meet, said that they are temporarily disabling the COD order, but promised that the feature will be live in coming days.
Shopclues also disabled the cash on delivery payment mode and they are no longer accepting payment above Rs. 999 in terms of COD mode. That being said, in a report released by Paytm, the Noida-based company claims that their app downloads have increased by 200 percent.
So, several residents are being hit by this move from the Indian government, but Paytm is enjoying this. What do you think of this latest move by the Indian government and e-commerce sites? Let us know your thoughts in comments section below.