Indians are still not used to paying online and this is the reason ecommerce has not yet taken fully in India. Have a look at below statistics which shows that only 5% of payments in India takes place through electronic payment whereas it is 35% in China.
Now it is expected that e-payments in India will grow at the rate of 700% in next decade and for that internet has to reach every nook and corner of the India. We expect better payment gateways to come into play as ecommerce is expected to touch $ 50 Billion by 2015.
Last but not least, the real boom in internet payments or ecommerce will come when Indian women power wakes up as they holds the budget in a house and at times are shopalcoholic. So, if only women are educated and made internet literate ecommerce will automatically take of in India.
