Tuesday, July 24, 2018

RBI admonishes Cash-on-delivery practice in the e-commerce sector

In order to tackle the black money, The Reserve Bank of India (RBI) has come down heavily on Cash-on-delivery method in the e-commerce industry. The Cash-on-delivery method of payment option provided by online retailers such as Flipkart and Amazon may be a regulatory grey areas as per the Reserve Bank of India's response to a Right to Information (RTI) query.

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