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Flipkart again beats Amazon in festive season sale
Flipkart and Amazon India accounted for about 80 per cent of this year's overall festive season sales, according to analysts. Flipkart took the lead over its American rival during its first flagship sale in September itself. Amazon registered Rs 2,500 crore in GMV during its Great Indian Festival Sale in September, up from Rs 1,800 crore last year.
BSNL-MobiKwik Mobile Wallet Clocks Over Rs. 1 Crore GMV in 45 Days
Has registered transactions worth over Rs 1 crores within 45 days of its launch. The companies expect a 10-fold growth in gross merchandise value (GMV) in the next 12 months, according to a statement. The co-branded wallet has registered over Rs 10 million GMV within the first 45 days of launch, it said. With over 1.5 million merchants on its network, the BSNL Wallet is largest wallet by any telecom company in.
BSNL-Mobikwik wallet clocks Rs 10 million GMV within 45 days
]10 million GMV within the first 45 days of launch. The wallet was launched in August by Telecom Minister Manoj Sinha. Anupam Shrivastava, CMD, BSNL,BSNL-MobiKwik wallet is an initiative to include semi-urban and rural India into the digital payments economy. We are enthralled by the initial response received, and hope to have 10-fold growth in GMV within the next 12 months. With over 1.5 million merchants on the network, the wallet is India's largest wallet by any telecom company in the country.
BSNL and MobiKwik's mobile wallet registers transactions worth over Rs 1 crore in 45 days
State-run telecom operator BSNL and digital payments firm MobiKwiks co-branded mobile wallet has registered transactions worth over Rs 1 crore within 45 days of its launch. The companies expect a 10-fold growth in gross merchandise value (GMV) in the next 12 months, according to a statement. With over 1.5 million merchants on its network, the BSNL Wallet is largest wallet by any telecom company in the country. BSNL-MobiKwik wallet is an initiative to include semi-urban and rural India into the digital payments economy.
Flipkart, Amazon end festive sales; mobiles, electronics top hits
In online retailing, GMV indicates total sales in terms of dollar value for merchandise sold through a particular marketplace over a certain time frame. Fashion as a category grew 800 per cent, while Home and Kitchen saw a 500 per cent increase, it added. Flipkart created history in the smartphones segment within the first 20 hours of the category opening for sale. Amazon India's Smart TV sales doubled over last year Diwali, the statement added.
Amazon claims 14x value growth on first day of sale
Its rival Flipkart had earlier said it is looking to achieve a 2-3x growth in GMV from last year. Athird analyst said Flipkart had crossed Rs 1,500 crore in gross merchandise value (GMV) on Thursday, the second day of its Big Billion Day sale, which was focused on smartphone sales. On Day 1, due to Shraadh period continuing till afternoon in the north, Flipkart lost out on some GMV.
E-commerce cos may see cash burn of up to $400 mn in festive sales: Study
E-commerce companies could see a cash burn of up to $400 million during this year's festive sales, compared to about $200-250 million last year, research firm RedSeer Consulting today said. Last year, the cash burn stood at about $200-250 million on a gross GMV of $1.05 billion, it added. GMV is a term used in online retailing to indicate total sales value of merchandise sold through the marketplace over a certain period of time.
'E-comm cos may see cash burn up to $400mn in festive sales'
E-commerce companies could see a cash burn of up to USD 400 million during this year's festive sales, compared to about USD 200-250 million last year, research firm RedSeer Consulting today said. Last year, the cash burn stood at about USD 200-250 million on a gross GMV of USD 1.05 billion, it added. GMV is a term used in online retailing to indicate total sales value of merchandise sold through the marketplace over a certain period of time.
Over 4 lakh Indians embrace Google 'Tez' in just 24 hours, Pichai bullish
Within 24 hours of Google digital payment app 'Tez' being launched in India, Google has seen nearly 1.8 crore gross merchandise volume (GMV) done with over four lakh active users. In the past 24 hours, 1.8 crore GMV done on Tez already with 410,000 active users, a Google spokesperson told IANS on Tuesday. According to DD Mishra, Research Director, Gartner, Tez provides promising features which are in-line with the requirements.
Flipkart, Amazon try to cash in on festival season with mega online sales
As the festival season kicks off in India, all major e-commerce companies are offering attractive deals and big discounts across various categories. Typically, we see about a 300 per cent increase in our GMV which goes through CashKaro during the festive season. In online retailing, GMV indicates a total sales dollar value for merchandise sold through a particular marketplace over a certain time frame.
Flipkart's 'Big Billion Days', Amazon's 'Great Indian Festival' sales begin today
With attractive deals and huge discounts across various categories on offer, almost all major e-commerce platforms are geared up to commence their sales for the festive season. Typically, we see about a 300 percent increase in our GMV which goes through CashKaro during the festive season. In online retailing, GMV indicates a total sales dollar value for merchandise sold through a particular marketplace over a certain time frame.
E-commerce platforms set to launch festive sales from Wednesday
With attractive deals and huge discounts across various categories on offer, almost all major e-commerce platforms are geared up to commence their sales for the festive season. Typically, we see about a 300 per cent increase in our GMV which goes through CashKaro during the festive season. In line with the e-commerce giants, Paytm Mall, owned by Paytm Ecommerce, will also launch its first ever festive season sale - Mera Cashback Sale - from September 20 to 23.
Over 4 lakh Indians embrace Google Tez within 24 hours of its launch
Within 24 hours of Google digital payment app 'Tez' being launched in India, Google has seen nearly 1.8 crore gross merchandise volume (GMV) done with over four lakh active users. In the past 24 hours, 1.8 Crore GMV done on Tez already with 410,000 active users, a Google spokesperson told IANS on Tuesday. Google also announced Tez for Business which offers businesses new ways to unlock the potential of digital payments and engage their customers.

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