India Post Receives Cash Of Over 2 Billion 800 Million Rupees.

The market is developing rapidly, but in terms of payment, consumers are still keen on the conservative payment method of cash on delivery.

According to the statistics of India post, the total amount of money to help consumers pfer goods to electronic business enterprises is more than 2 billion 800 million rupees since the postal delivery of goods to pay service in one year.

In the November 30th report, it was learned that in the year when joining the e-commerce distribution channel, the state-run

The total amount of cash collected by the company COD (cash on delivery) department is more than 2 billion 800 million rupees, which is mainly targeted at e-commerce companies, such as Flipkart, Snapdeal and Amazon.

Although the postal revenue growth can be determined, India post is still keen to develop e-commerce related services as its main profit model.

Government officials said that since the launch of the cash on delivery facility in December 2013, India post has received more than 2 billion 800 million rupees from consumers and paid to e-commerce companies.

Post has a huge Internet coverage, becoming the best service provider, not only to provide service products, but also to help receive cash.

However, this is only a small part of the whole e-commerce market in India. The size of India's e-commerce market has exceeded billions of dollars, and it is growing rapidly every year.

It is reported that cash on delivery is currently the most popular service in India. 50%-75%'s online orders are carried out through this payment method. The rest are credit cards or bank pfer payments. India consumers are not accustomed to paying in advance when buying online.

India Post's cash handling services, such as accounting information system, pfer accounts and sound account system, can further help e-commerce companies to collect cash in urban and rural consumers.

It is understood that there are 155 thousand post offices in India, becoming the largest postal network in the world, with an average postal service covering 21.21 ordinary kilometres and about 7175 people.

Another official said that many e-commerce companies in India are using cash on delivery facilities, such as Flipkart, Snapdeal, Amazon, Shopclues, Naaptol, Telebrands and Homeshop18, among which are several companies.

Post subscribers were set up in Amazon, Naaptol and other business establishments. Postal plans set up a reservation system for Snapdeal.

Ravi Shankar Prasad, Minister of communications and information technology, said India post is the most suitable enterprise to provide delivery services to e-commerce participants based on its services covering the rural, urban and urban fringe areas.

It is reported that India post has stepped up its infrastructure construction and is expected to distribute, deliver and distribute in 2021.

The value is as high as 9 billion dollars.

According to the analysis of market experts, the market size of e-commerce in India in 2012 was about 6 billion US dollars, and it is expected to reach US $76 billion by 2021, of which distribution, delivery and logistics will account for 12% of the market value.