E-commerce payment settlement: an opportunity for banks


The Indian E-commerce industry has been on an upward growth trajectory and is expected to reach $200 billion by 2026. The growth is mainly driven by increasing internet penetration and awareness about the ease and convenience of buying online. The COVID-19 outbreak is further driving the growth of e-commerce sales with millions of consumers shopping online from the safety of their homes. According to Goldman Sachs review of global e-commerce markets, Indian e-commerce is expected to grow over 18% in 2020.

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