Sharath Shetty: Indians fast turning to e-payments

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Monday, February 08, 2010

Indians fast turning to e-payments

The retail e-payment market in the country is set to reach US$150 billion by 2010, riding on the back of tech-savvy Internet and mobile phone users.

Nilaya Varma, associate director, PricewaterhouseCoopers, said: "Earlier, Indians were circumspect about using e-payment as they were comfortable paying in cash and through checks." Moreover, Internet access was expensive and not available everywhere. (more)

Labels: e-Payment India, ePayment, Paypal