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E-payment surge over 100%!
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TOI: Well here is some amazing news for all those into ecommerce. Bank customers, it seems, are increasingly using internet and other alternate modes to make transactions.
Here are some stats:
Payments through electronic channels like the Internet, credit and debit cards shot up by 121% in 2005-06. this translates to Rs 3,43,593 crore from Rs 1,54,969 crore in the previous year.
According to Murli M Natrajan of Standard Chartered Bank, "The younger generation does not want to deal with human beings. Transactions at branches are dipping. Only 40% of our transactions are in branches, while the rest are through alternate channels like phone banking, Internet and ATMs,"
Hmm.. This above statistic it seems is bound to grow. Because the ease of online payment is too much of a added advantage as compared to the fear of Internet payment being unsecured. I guess more and more people who ahve used online payment would recommend it to others thereby increasing the overall users who use this mode of transaction. Well al i can say is that the ecommerce and online travel players could be soon (if they already aren’t) laughing their way to their online account! 
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