Demonetisation drive by the Government is a great step forward towards removing many bottleneck operations including cash-on-delivery in the Indian e-commerce market, said Facebook Managing Director (India) Umang Bedi on Thursday.
“The demonetisation move is a great step forward towards removing many bottleneck operations including cash-on-delivery operations in Indian e-commerce market,” Bedi said while delivering a speech on “Digital Disruption Is Just The Beginning” at Global Mobile Internet Conference 2016 here.
“As an outcome from a short-term perspective, there is a shortage of cash in the market where people are queueing up... to get new currency in, and get more transparent and compliant with the law. So, there is a chance of retailing and e-commerce is slowing down a little bit, but I think it is very short-term glitch, but the upside of that is really good,” he said.