India Second Big Smartphone Seller, RBI Extended Wallet Limit

Smartphone and Mobile Wallet is the new tools used by the India people in the present trend. Every day both the tools set new height and record of use in the Indian market. Government concept is very clear on that. 

They promise to improve the transaction by the wallet and also want to improve phone connectivity at ground level.

Chines Smartphone Sale Touched New High, Use Wallet For Big Transaction

They launched a  BHIM wallet scheme or apps to make the transaction smooth and online. They also did the work for the Smartphone industry and start a scheme ‘Make In India’. 

That means making the product in India increases the jobs and value of the Indian market.

Paytm, Jio, Phone, Wallet, Online Money, Transaction, Limit, Big
Mobile Wallet Limit Extended, Report Of Smartphone Sales

India Is Now Second Largest Market For Smartphone.

India has become the second largest market for Smartphone. This report comes from the big analysis company ‘Canalys’. The report says that Indian market sales of 40 million units for the first time.

4 crore Smartphone has been the sale in India between the third quarter of 2017. This data is approximately 23% high from the previous year third quarter. With 30 % worldwide sales, China is the biggest market for Smartphone.

Chines phone Xiaomi likely to overtake Samsung very soon. The report reflects the high growth and big market percentage of sales. Near about 48% market has been captured by chines companies. The percentage may be very country wise.

China Smartphone Vivo market percentage is near about 45% and Xiaomi has captured 60% of the market. Selfie based Smartphone Oppo is also booked a big high 33% sold the product.

More than 9 Lakh iPhone sold in India. The iPhone attraction is very high in the young generation. They updated his phone with new or upcoming advance tech-based phone. A big market is available to replace the old phone with the new one.

That is the main reason for people to take the new iPhone by sale the old in exchange offer price. iPhone sale in India has been double in this year from 2016.

The 75% market has captured by Samsung, Xiaomi, Vivo, Oppo, and Lenovo. All these products manufactured in the Chinese market.

New Guideline For Transaction From Mobile Wallet           

The dream can be true in the coming future. It may be possible that you can do the big transaction (unlimited amount) from your wallet to bank and vice versa.

That will be the best way to enhance the transaction from the mobile wallet. The rule and regulation have given by RBI. According to the guidelines you can send the amount 1 lakh in once time from your wallet.

This facility will make easiest the banking procedure. You will be benefited to save time to go the bank for transaction. You can also gain the interest on your transaction if transfer the amount from your mobile wallet to account. This is the second benefit.

The number of wallets is available online. Just download the apps and use them. Example - Paytm, Tej, Bhim.

Overall both the news raises the hope, something is going better for India by Smartphone uses and Mobile Wallet system.

It is very interesting to see how much time it will take to completely capture the market. Today China is leading to make Smartphone mobile, but in the coming future, they will be also come with making India concept and will be manufactured the product in India.

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