The Traderszone Network

Published in TZ Latest News 1 December, 2016 by The TZ Newswire Staff

Unicorns Impacted By Indian Notes Change

Turns out the cash crunch in India is having far enough reaching effects that it is bringing even some unicorns down to earth in that country. The big three of eCommerce in India, Amazon, Flipkart and Snapdeal last week were hit by cash on delivery (COD) snafus — turns out that buyers were offering the old Indian notes (the ones that are no longer legal tender). That led to unfulfilled orders.

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