Based on the insights collected by Luxehues.com, the report is compiled after conducting one-on-one in-depth interviews of the affluent consumers, undertaken by the company across the key metros and cities in India.
Attacks on POS systems has been growing over the past few years, with new breaches such as Code Red, SQL, and Slammer moving in, affecting both, small retail shops and large hotel and restaurant chains
Based on crowdsourced information, the site helps users across India find the nearest ATM, bank or post-office to get insights on cash availability and waiting time in queues for cash exchange or withdrawal.
With notes going out of circulation, people can use credit/debit cards, net banking or gift cards to purchase their products. This results the customers to save cash for necessity and chose to pay through online mode.