After leading e-tailers Flipkart, Snapdeal and Amazon momentarily halted the cash-on-delivery option for online orders worth more than Rs 1000, it is now the turn of Xiaomi's Mi India to resort to an identical move. This means that you only have online payments and digital wallets to look forward to as far as procurement of your Xiaomi smartphones from Mi Store is concerned.
This situation is also true with respect to purchasing the current hot favourites Redmi 3S and the Redmi 3S Prime phones. "COD is disabled temporarily due to recent government mandate," states a message on the official Mi India eStore.
With cash-on-delivery seemingly disabled everywhere, digital wallet service providers along with the online payment gateways are set to gain enormously. This also includes popular online wallet service Paytm, which is claiming to have witnessed a massive 435% rise in overall traffic after the demonetisation of Rs 500 and Rs 1000 notes, which is now being described as a 'surgical strike' on black money hoardings.
"We stand by the government in its efforts towards taking black money out of the equation and offering a major boost to the Indian economy," Paytm CFO Madhur Deora said.
At this juncture, Paytm is also said to be looking at enhancing its offline payments network. The online payment gateway service provider has now opened recruitment and has announced plans to hire as many as 10,000 Paytm agents across India.
"We want to reach there faster, are looking to further strengthen our onboarding teams as we continue to build India's biggest payments network," said Amit Sinha, Senior Vice-President at Paytm.