festive season | Pixr8 News

10Nov By Gauri SinghNo Comments

INDIA

Online Sale of Smartphones in India to Cross 50 Million Mark

The online sales of smartphone in India got a hype during the festive season sale on various e-commerce platforms and thus, it is all set to cross the 50 million mark in a year for the first time ever in 2018. The year was driven by discounts, buy-back offers and easy financing options offered by retailers such as Flipkart and Amazon and others especially at the time of the festive season. Research firm CMR estimated that online sales in the fourth quarter of 2018 will increase 60-65% year-on-year and on the other hand, sales in bricks-and-mortar stores are likely to fall 4-6%. Counterpoint Research has projected a 51% increase in online sales and 11% for offline. “With the onset of festival season, more smartphone vendors in partnership with e-commerce players are offering discount...

Amazon Pay Gets Huge Investment Ahead of Festive Season

5Oct By Gauri SinghNo Comments

BUSINESS

Amazon Pay Gets Huge Investment Ahead of Festive Season

The retail giant Amazon is continuing to invest considerable capital into its payments arm Amazon Pay, adding Rs 590 crore in the recent infusion. This move comes just before the festival sale of Amazon. With this, Amazon Pay is expected to offer large cashbacks to customers during the upcoming sales to attract more customers. Also, it may offer affordability products such as debit card EMI and cardless EMI to push sales of high-ticket products. “Our focus is to make digital payments the most trusted, convenient and rewarding choice for customers. We continue to explore ways to do this, in partnership with banks, processors, fintech companies and ecosystem partners,” an Amazon Pay spokesperson said. Along with this, the company also has plans to start selling insurance in India, as pe...

Xiaomi, Vivo to Launch Premium Devices to Surpass OnePlus

13Aug By Gauri SinghNo Comments

Tech

Xiaomi, Vivo to Launch Premium Devices to Surpass OnePlus

A battle in the premium smartphone segment is brewing up for a long time now. A few days ago, it was announced that OnePlus is leading the premium smartphone market in India, however, Chinese players like Xiaomi, Vivo and Huawei are now trying hard to beat the dominance of OnePlus, Samsung as well as Apple. Every smartphone maker is making valuable efforts to lead the premium space. Samsung this month will be launching the latest Note 9 smartphone, and further devices from OnePlus, Vivo, Huawei and Xiaomi, through the latter’s sub-brand Poco will also be introduced in the upcoming festive season. The festive season in India starts from October and accounts for at least a third to a handset maker’s annual revenue in the country. “The $500 premium segment has been traditionally split...

Snapdeal Offers Rs 1,000 Cr Collateral Free Loans For Sellers

7Sep By Press Trust of IndiaNo Comments

News

Snapdeal Offers Rs 1,000 Cr Collateral Free Loans For Sellers

Online marketplace Snapdeal has announced collateral-free loans worth Rs 1,000 crore for its sellers ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme Capital Assist, which is now managed by FreeCharge and is available to all sellers and merchants on Snapdeal, Shopo and FreeCharge, Snapdeal said in a statement here. "The festive season provides an opportunity to our sellers to grow their businesses many times over, with the sharp increase in demand. Through Capital Assist, we have made the funding process frictionless and expect more than Rs 1,000 crore disbursal to Snapdeal sellers ahead of this Diwali season," Vishal Chadha, the Senior Vice President (Market Development) of Snapdeal, said. Snapdeals C...