Indians fast turning to e-payments
June 04, 2009 | Internet Marketing
The retail e-payment market in the country is set to reach US$150 billion by 2010, riding on the back of tech-savvy Internet and mobile phone users. India's travel industry too has witnessed a lot of activity in the area of e-payments writes ZDNet Asia.
Nilaya Varma, associate director, PricewaterhouseCoopers, said: “Earlier, Indians were circumspect about using e-payment as they were comfortable paying in cash and through checks.” Moreover, Internet access was expensive and not available everywhere.
“Today, the proliferation of telecommunications networks and mobile phones has filled this gap,” Varma told ZDNet Asia in an e-mail interview. As a result, India’s retail e-payments market is likely to grow by nearly 70 percent in the next two years.
The travel industry too has witnessed a lot of activity in the area of e-payments. According to a survey undertaken by market research company eMarketer, India’s online travel market is predicted to grow by 46 percent per annum between 2007 and 2011 and generate earnings of US$4 billion by 2011.
Get the full story at ZDNet Asia
Related Articles
TripAdvisor to face legal action over reviews
07 Sep, 2010 | Online Travel
Leaked document reveals, Expedia one of Google’s largest AdWords customer
07 Sep, 2010 | Online Travel
The top ten travel social networks 2010
06 Sep, 2010 | Online Travel
UK travel market remains “very week,” according to Expedia
06 Sep, 2010 |
Hotels.com books more growth in Asia
03 Sep, 2010 | Online Travel
Travelers’ favorite use for smart phone: GPS
03 Sep, 2010 | Online Travel
Travel goes mobile
02 Sep, 2010 | Online Travel
Expedia’s CEO on the Google/ITA deal
02 Sep, 2010 | Online Travel
Booking.com says it has direct contracts with over 100’000 hotels
01 Sep, 2010 | Online Travel
The changing face of the travel consumer in Asia
01 Sep, 2010 | Online Travel
Most Popular Articles
The top ten travel social networks 2010
06 Sep, 2010 | Online Travel
33 tips for your hotel’s social media marketing
02 Sep, 2010 | Hospitality Industry
Rate parity under price-fixing investigation
07 Sep, 2010 | Hospitality Industry
TripAdvisor to face legal action over reviews
07 Sep, 2010 | Online Travel
Why marketers often get it wrong with Facebook
31 Aug, 2010 | Internet Marketing
Travel industry aggressively tapping into social media
07 Sep, 2010 | Hospitality Industry
Leaked document reveals, Expedia one of Google’s largest AdWords customer
07 Sep, 2010 | Online Travel
SEO versus PPC: Where’s your budget going in 2011?
01 Sep, 2010 | Hospitality Industry
What’s the future of online travel agents?
01 Sep, 2010 | Online Travel
Are leisure guests becoming more profitable than corporate travelers?
08 Sep, 2010 | Hospitality Industry
Economic Downturn
Are leisure guests becoming more profitable than corporate travelers?
08 Sep, 2010 | Hospitality Industry
Hotel industry leading indicator flattens
08 Sep, 2010 | Hospitality Industry
UK travel market remains “very week,” according to Expedia
06 Sep, 2010 |
Finally, leisure travel ADR shows positive growth again
03 Sep, 2010 | Hospitality Industry
CWT sees meeting market increases in 2011 and beyond
03 Sep, 2010 | Hospitality Industry
Has the recovery in travel already checked out?
01 Sep, 2010 | Online Travel
Marriott’s take on corporate negotiating season 2011
31 Aug, 2010 | Hospitality Industry
PwC forecasts RevPAR grow for 2010/11
31 Aug, 2010 | Hospitality Industry
OTA merchant model continues to drain hospitality industry
30 Aug, 2010 | Hospitality Industry
UK: Online travel to grow 13% in 2010
30 Aug, 2010 | Online Travel
Challenges in pushing ADR, while OTAs are driving down rates
30 Aug, 2010 | Hospitality Industry
Market Metrix’ Hospitality Index sees real growth on its way for Q2
26 Aug, 2010 | Hospitality Industry
CWT releases 2011 travel forecast to clients
25 Aug, 2010 | Online Travel
U.S. hotel profit growth returns in 2010
25 Aug, 2010 | Hospitality Industry
IATA sees return of business traffic
19 Aug, 2010 | Online Travel
E-Mail Newsletter
Visit our sponsors:
