NEWS INDIA

India, 2021: PhonePe, India’s leading digital payments platform today clarified that all UPI money transfers, Offline and Online payments (across UPI, Wallet, Credit and Debit cards) on the payment app are free, and they will continue to be free for all users. PhonePe does not charge for these transactions, and will not be doing so in the future also.    For Mobile Recharges, PhonePe is running an experiment where a small section of users are being charged a processing fee of Rs.1 for recharges of Rs 51-100, and Rs.2 for recharges above Rs.100. This charge is applicable for users across all payment instruments (across UPI, Wallet, Credit and Debit cards).   Recharges below Rs.50 are totally free.   For Bill Payments PhonePe charges a fee on payments by credit cards, and this is now an industry norm and is common for many payment apps and biller platforms.   About PhonePe: PhonePe is India’s leading digital payments platform with over 325 million...

-Clocked 460% growth in 55-inch & above smart TVs and 17% growth in premium refrigerators in Andhra Pradesh   Vizag, India – October 2021 – The festive season is the most exciting time for the year when people upgrade their homes to make it festive ready. Consumers in Andhra Pradesh are upgrading to Samsung’s big screen TVs, refrigerator and washing machines to equip their homes with latest technology.   Owing to this trend, Samsung, India’s largest and most trusted consumer electronics brand, saw 460% increase in 55 inch and above smart TVs and 17% growth in Frost Free Refrigerators above 350-litres, in the month of September. Overall, in Andhra Pradesh , Samsung has c aptured a significant market share of 30.5% for TVs, 40.4% for refrigerators and fastest growing for washing machines , thus, making Samsung the market leader in the TV and refrigerator categories.   ‘‘Brands and retailers are geared up for the festive season in full swing. Custome...