E Commerce Ecosystem is a service which Lakamsani group is bringing to India . We at Lakamsanigroup constantly think to innovate the procedures to make common man life easier.
Today’s Economy in India is cash driven Economy . India is lacking no of credit cards , which remains a cash-driven economy. Indeed, 95 percent of all transactions are cash, causing a significant challenge for E Merchants. There are only 18 mn active credit cards in circulation, held by an estimated 8 mn people. There are many more debit cards however, credit cards account for twice the value of transactions: Rs 75,500 Crore vs Rs 38,700 Crore through debit cards. But even with other payment gateways, some 30 percent of purchases are abandoned at the payment stage. Today Indian E Commerce serving 60% of their orders on Cash-on-Delivery options, however, There is estimated 4% of revenue go some way towards solving the problems which come from Cash On Delivery . E Commerce Industry estimated to grow at a CAGR of 40%, from US $ 5.9 billion in 2010 to US $ 34.2 billion in 2015.
This service is unique and using our Ecom Ecosys we started building brand new service for E Consumers and E Merchants to integrate the void using technology platform . Our Technology Platform is branded with simple word called IPay.
TO know more about IPay please visit the Ipay page @ Lakamsanigroup
The foundation of IPay was laid in 2012 .
IPay is a service that re-invented the way Indian E-merchants.
Lakamsani Group of Companies comes forth with a complete package of e-solutions backed by a healthy support system.