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November sales of smartphone through e-commerce channels have dropped by nearly a fifth month-on-month due to the double whammy of demonetisation sucking up cash from the system and a demand slump after the festive season when most consumer purchases take place.
Amid an overall sales dip, ecommerce majors said that cashless transactions have at least doubled over October, raising their proportion compared to that of cash purchases during the month, as users switched to paying online, cards or through mobile wallets to fight off the cash crunch.
Read More At <> http://www.ecbilla.com/ecommerce-news/mobile/online-sales-of-smartphones-fall-18-in-november.html
November sales of smartphone through e-commerce channels have dropped by nearly a fifth month-on-month due to the double whammy of demonetisation sucking up cash from the system and a demand slump after the festive season when most consumer purchases take place.
Amid an overall sales dip, ecommerce majors said that cashless transactions have at least doubled over October, raising their proportion compared to that of cash purchases during the month, as users switched to paying online, cards or through mobile wallets to fight off the cash crunch.
Read More At <> http://www.ecbilla.com/ecommerce-news/mobile/online-sales-of-smartphones-fall-18-in-november.html
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