Cash On Delivery (CoD) is nearing its end, it seems!
Cash on delivery aka COD seems to be coming to an end. The latest study done by Zepo indicates that < 30% of the buyers are still preferring to pay once they receive the goods in their hands and a majority of the online buyers prefer to pay using their credit and debit cards or through net-banking.
One of the reasons could be that the fear of buying online is reducing and people are now getting convinced that paying using cards or net-banking is much easier than keeping cash ready at the time of delivery. Thanks to pioneering work (in India) done by companies like Flipkart, Home Shop 18, Rediff etc.
I'm curious to ask all our CEans - do you think paying online via credit/debit cards or net-banking is better way of paying than Cash On Delivery?