Cash-on-delivery payment option for Flipkart, Amazon purchases could be illegal, RBI states in RTI response

[rahul1117kumar]

The widely popular cash-on-delivery (CoD) option available on most of the e-commerce platforms like Amazon and Flipkart might be illegal as "payment intermediaries are not authorised under Section 8 of the Payments and Settlements Systems Act", the Reserve Bank of India (RBI) has said, according to a media report.

Replying to a Right To Information (RTI) query, the RBI, according to The Economic Times said, "intermediaries include all entities that collect monies from customers for payment to merchants using any electronic/online payment mode."

Cash-on-delivery payment option for Flipkart, Amazon purchases could be illegal, RBI states in RTI response - Firstpost