E-Billing Solutions Blog Easy and Safe Online Credit Card Processing Solutions From EBS

India has one of the fastest growing and largest ecommerce industries in the world. Several factors are known to have contributed to the growth and expansion of this industry in India. This has also resulted in the increased use of alternate payment methods, especially credit cards. Ecommerce businesses are in increasing need for effective and safe online credit card processing systems for improving overall customer experience on their website which is multi-beneficial for the merchant. According to statistics from Statista, there are 462 million and more internet users (as of 2016). The report shows that the portion of online shoppers composed of around 44% of the total internet users. The ecommerce retail (or ‘E-tail) sector in India recorded the largest sales with around $16 billion in annual revenue of 2016. This annual revenue is set to increase to over $45 billion by 2021.