21-day nationwide lockdown: For many, ePay’s the way to buy essentials
Consumers area unit more and more victimisation digital payments to shop for essential things and services like food, grocery, medical provides, telecommunication recharges and utility bills, amid the continued 21-day nationwide internment.
Companies that area unit process these digital payments have seen such transactions surge when spend-heavy sectors like aviation, cordial reception, fuel and caused overall volumes to plunge
Amazon, BigBasket, Swiggy, 1MG, Zomato, Grofers and FirstCry have stopped acceptive money on delivery, that created up a minimum of four-hundredth of their business volumes earlier. they need to be enraptured to digital modes to fulfil transactions.
Meanwhile, corporations process payments for leading merchants aforesaid that bills paid digitally recorded a pointy increase. Payment gateways like CC Avenues, Billdesk and PayU have witnessed monthly mobile recharge volumes surge between 20% and 25% within the internment amount.
Not solely bill payments, we’re seeing new classes of digital payment spends like gas bookings, renewals of meet and club memberships emerge likewise. Payments for subscriptions to OTT platforms like Netflix and Hotstar and DTH bills have conjointly recorded an analogous surge