Cash on Delivery (CoD) payment option could be illegal

Cash on Delivery (CoD) payment option could be illegal. Flipkart, Amazon in fear of great loss.

The Cash on Delivery payment method is could be illegal, according to RBI. E-commerce websites are in great fear of massive loss Cash on Delivery, CoD, the most widely used payment method for various e-commerce websites would be illegal in India. The Reserve Bank of India (RBI) says, “payment intermediaries are not been authorized under Section 8 of the Payments and Settlements Systems Act”.  The Reserve bank of India, in reply of an RTI query, said, “intermediaries include all entities that collect monies from customers for payment to merchants using…

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