Rs. 500, 1000 Notes Ban: HP Announces 50-Day Payment Holiday for Notebook Customers

Rs. 500, 1000 Notes Ban: HP Announces 50-Day Payment Holiday for Notebook Customers

Rs. 500, 1000 Notes Ban: HP Announces 50-Day Payment Holiday for Notebook Customers
HIGHLIGHTS
HP has sought a new plan to avoid on-going cash crunch
HP’s payment holiday facility will have zero-interest EMI option
Customers can buy HP products now and pay in 2017
HP India on Friday announced a 50-day payment holiday for its notebook customers, in a move designed to help customers facing cash crunch owing to the demonetisation of Rs. 500 and Rs. 1,000 currency notes.

In a surprise move, Prime Minister Narendra Modi earlier this week announced a ban on existing Rs. 500 and Rs. 1000 notes and introduction of new Rs. 2000 and Rs. 500 notes. This has led to temporary cash crunch across the country, with Rs. 100 note the biggest legal tender that most people have been left with.

(Also see: 500 and 1000 Notes Demonetised:​ Why the Move Is Unlikely to Push Digital Payments)

HP said via a statement that its payment holiday facility will be available under a special zero-interest EMI scheme and no down payment will be required at the time of purchase. The customers can buy any notebook launched in 2016 and the payment of EMIs will start from January 2017.
“We want our customers not to face any challenge in buying HP notebooks and have a hassle free experience to own a HP notebook,” said Ketan Patel, Director, Personal Systems, HP India.
The scheme covers HP notebooks with the starting price of Rs. 23,190 and will be available at designated 1,100 HP stores including exclusive HP World stores across the country. The scheme will remain applicable till November 30.

Written with IANS inputs

Tags: Demonetisation, Demonetisation of 500 Rupee Notes, Demonetisation of 1000 Rupee Notes, HP, Hewlett Packard, PC, Laptops, India, Narendra Modi

[“Source-Gadgets”]

China Leads in Digital Payment Adoption Worldwide: Nielsen

China Leads in Digital Payment Adoption Worldwide: Nielsen

China has the highest adoption rate in the world for technology-enabled payment systems, the media reported on Thursday.

In a survey of 13,000 respondents in 26 countries, 86 percent of Chinese respondents said they paid for online purchases during the past six months via digital payment systems compared with a global average of just 43 percent, the China Daily reported.

The survey report by the market research firm Nielsen was issued on Wednesday

About 98 percent of the respondents in China, the world’s largest e-commerce market, said they had made purchases online.

At 71 percent, food-related businesses topped the list of purchases made via smartphones while event ticket purchases stood at 51 percent.

The rising use of digital payments has attracted numerous players to the Chinese market.

Apple Inc launched its contactless payment system Apple Pay in the Chinese mainland last month. It allows users of the iPhone 6 or more advanced versions, certain iPads and Apple Watches to pay by their devices in bricks-and-mortar stores.

The new service immediately became a hit.

Samsung Electronics Co Ltd is expected to bring its own mobile payment service to China in mid-March.

China’s Internet giants Alibaba Group Holding Ltd and Tencent Holdings Ltd have already taken about 90 percent of the mobile payment market, but industry observers said the competition is just about to start.

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Tags: Apple, Apple Pay, China, Internet, iPhone 6, Samsung, Samsung Pay
[“source-Gadgets”]

Samsung Follows Apple Into China With Its Own Mobile Payment Service

Samsung Follows Apple Into China With Its Own Mobile Payment Service

South Korea’s Samsung Tuesday announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago.

The world’s second largest economy is also the world’s biggest smartphone market, and Samsung Payhas a powerful partner in China bank card provider UnionPay which has links to the central bank.

But unlike most other countries, mobile payment systems are already well-established in China, with local providers dominating the market.

As an outsider Samsung will also have to compete with Apple, which launched its own Apple Paysystem last month also in partnership with Union Pay.

The South Korean electronics giant said its service currently supports selected credit and debit cards from nine Chinese banks and is available on its top-end Galaxy smartphones, with mid-range models to follow.

Like its California-based rival, Samsung Pay’s initial challenge will be securing a foothold in such a competitive market place.

China had 359 million online payment users in mid-2015, up almost 18 percent in six months, according to the state-backed China Internet Network Information Center.

Mobile transactions were valued at some CNY 9.3 trillion ($1.4 trillion) last year, up an annual 57 percent, one industry estimate showed.

The dominant mobile and online payment providers are e-commerce giant Alibaba with nearly three-quarters of the market, followed by Tencent operator of the popular messaging app WeChat which has some 17 percent, according to Beijing-based BigData Research.

A major issue for Samsung is the recent downturn in the popularity of its smartphones in China.

It was China’s top smartphone maker in 2012 and 2013, but domestic manufacturer Xiaomi took the throne in 2014.

In the fourth quarter of last year, Samsung ranked sixth in China with a 7.0 percent market share, compared to 13 percent for third-placed Apple.

The Apple brand commands a strong following in China, especially as a status symbol among the emerging middle class.

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

Tags: Apple, Apps, Samsung, Samsung Pay
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