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E-commerce's Cash-on-Delivery mechanism not authorised

E-commerce's Cash-on-Delivery mechanism not authorised

New Delhi, July 24 (IBNS): The Reserve Bank of India (RBI) on Tuesday stated that the Cash-on-Delivery (COD) mechanism, on which maximum e-commerce purchases depend, is not authorised under Section 8 of the PSS (Payments and Settlements Systems) Act, 2007, media reports said.

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    E-commerce's Cash-on-Delivery mechanism not authorised Tue, Jul 24 2018