There are only 18 million active credit cards in circulation, held by an estimated 8 million people. While there are many more debit cards in circulation, credit cards account for twice the value of transactions at Rs 75,500 Crore vs Rs 38,700 Crore via debit cards. But even with other options for payment gateways, some 30 percent of the purchases are abandoned at the payment stage. Today, Indian E Commerce serves 60% of their orders via Cash-on-Delivery options. Unfortunately, an estimated 4% of the revenue goes towards solving the problems that arise out of the Cash On Delivery model. The Ecommerce industry is estimated to grow at a CAGR of 40%, from US$5.9 billion in 2010 to US$34.2 billion in 2015.

So We at IPay focused on reasonable GAP that needs to be filled using our Patent Pending Technology and Process. Imagine a common man who does not know what is the spelling of internet utilizing IPay services to get Digital Delivery and a Commoner who does not have financial bank account ordering items from Ecommerce website. Or an Emerchant shipping the order with confidence that his order got paid using alternative method other than COD(Cash On Delivery)