 "Flipkart co-founder Sachin Bansal")
Flipkart co-founder and executive chairman Sachin Bansal believes that digital payments will become a game changer for the domestic e-commerce business in the next five years.
Cash-on-delivery continues to be the predominant payment mode among existing customers of e-commerce players but those who pay digitally show more resilience as they tend to stick to e-payments.
Bansal says that the current trend would be reversed over a period of five years, owing to a substantial decline in cash transactions.
Bansal was speaking at a panel discussion on payment platforms at the Global Entrepreneurship Summit (GES) on Wednesday. He went further to
