The effect of demonetization is increased in every sector, Let us now take a precise look how the demonetization move has affected the e-commerce sites and its revenue in a big way.
With the tremendous change in economy that happened lately, relating the ban of 500 & 1000 Rs notes, people almost experienced. While half of the population in India hailing it as masterstroke step taken by PM Narendra Modi and the other half was and is still suffering from a cash crunch.
Especially businesses like e-commerce platforms where most of the revenue is made depend on COD (Cash on Delivery) are now witnessing currency problems. Not just e-commerce sites, even e-commerce website and web & mobile app development companies have put a hold on them.
The ban on Rs 500 and Rs 1000 notes have kind of restrained the shopping ability of customers through cash. In addition to this, ATM withdrawal limit is Rs 2,500 a day and in some places the limit is still Rs 2,000 has complicated the cash crunch a bit further.
Buy mobile cases , mobile covers through online payment system and support cashless india campaign run by Prime minister Narendra Modi.
With the tremendous change in economy that happened lately, relating the ban of 500 & 1000 Rs notes, people almost experienced. While half of the population in India hailing it as masterstroke step taken by PM Narendra Modi and the other half was and is still suffering from a cash crunch.
Especially businesses like e-commerce platforms where most of the revenue is made depend on COD (Cash on Delivery) are now witnessing currency problems. Not just e-commerce sites, even e-commerce website and web & mobile app development companies have put a hold on them.
The ban on Rs 500 and Rs 1000 notes have kind of restrained the shopping ability of customers through cash. In addition to this, ATM withdrawal limit is Rs 2,500 a day and in some places the limit is still Rs 2,000 has complicated the cash crunch a bit further.
Buy mobile cases , mobile covers through online payment system and support cashless india campaign run by Prime minister Narendra Modi.
