Disadvantages Of E-Cash

Initially, the ecommerce segment had negligent participation from consumers. Early entrants like bazee.com, rediff shopping, indiaplaza and indiamart did not succeed. The only payment option at the time was credit cards and consumers had a hard time trusting the security of the ecommerce websites. The launch of IRCTC, the government e-ticketing service, was therefore an important step. Being under the direct supervision of the government, it enjoyed a level of trust that Indians had not then showed to other companies. Once people began to get comfortable with the idea of digital payments for personal use, ecommerce slowly began to garner attention.
Nevertheless, due to low penetration of credit and debit cards, the companies had to get creative

Electronic cash is just one of the components of e-wallets. It is easily accessible and convenient for small transactions. E-cash is just like regular cash in that it has serial numbers for tracking but preserves the anonymity of the spender. Also, because it is easily transferable between two parties without the involvement of intermediate banks or financial institutions, it does not leave a tax trail. It even has denominations just like regular cash but is easily convertible to different currencies. E-cash is different from other forms of electronic payment in that its usage is not subject to any special authorization. Currently, ecash is not used by itself for ecommerce transactions and only used by clubbing it with other payment mechanisms like

It is not at all a viable option for the ecommerce companies but has helped in increasing their reach in the untapped market of Indian consumers and building their trust in ecommerce.
8. Payment made at kiosks
In an economy where less than half population has access to internet and smartphones, kiosk payment system has broadened the reach of merchants by bringing inclusivity to the rural population. Ecommerce companies may set up their own kiosks or may use the services of third parties like StoreKing for assisted ecommerce. StoreKing has more than 8000 retail outlets in South India and offers catalogues in major regional languages including Telegu, Malayalam, Tamil, Kannada, Hindi and Marathi. It is slowly branching out to other remote areas in the country.
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