Retail in Asia

In Trends

Indians prefer e-banking to online shopping

A majority of Indians prefer to use the internet for banking and other financial services than shopping online, shows a new survey.

Almost 57 percent of Indian respondents using the internet prefer to bank online and use other financial services due to hassle-free easy access and time saving feature of online banking, according to the survey conducted by research firm Ipsos. Checking information on products and services online comes a close second at 53 percent while 50 percent shop for products online.