Sneha Banerjee says, “We all are now aware of the fact that the demonetization of Rs.500 and Rs.1000 Indian currency will impact the ecommerce sector. The sector, which has been cashing in the Cash on Delivery (COD) phenomena so far, might now see this particular set of customers looking for an alternative option.

In an elaborate report published by RedSeer Consulting said that with 70 percent of overall e-tailing and 40 percent of the high-value transactions done by COD, the currently COD-only consumers will shy away from near term, especially high-value purchases.

Entrepreneur India asked some of the startups how they see demonetization impact ecommerce businesses

1. Vishwas Shringi, CEO & Co-Founder, Voylla

“This has resulted in delay of order delivery where a customer does not have cash in right denominations. We have facilitated option to convert all COD orders to prepaid for all the customers and have also ensured that our courier partners hold the orders for little longer for all the customers till the new notes are in circulation. Also, to enhance the experience at our end we are offering attractive offers where the customers can pre pay their orders”.

Here’s How Ecommerce Firms Could Combat the Slowdown in COD Payments

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