comscore Lenovo-Motorola to bring Android Pay to India, Paytm to integrate payment solutions: Report
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Lenovo-Motorola to bring Android Pay to India, Paytm to integrate payment solutions: Report

This strategic move will not only bring Android Pay to India, but also enable smartphone users to make cashless payments at a number of outlets across the country.

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Soon after the demonetization of old currency notes, the government, mobile wallet companies and banks have been promoting cashless transactions. Now, with smartphones increasingly becoming an alternative for cashless payments, Lenovo-Motorola, India s second-biggest smartphone maker is reportedly in talks with Google to bring Android Pay to India. Also Read - Best online gaming platforms to play multiple games: Paytm First Games, PlayerzPot and more

Also Read - Best laptops under Rs 40,000 in July 2021: Mi Notebook 14, Asus VivoBook 14, and more

According to ET, Lenovo is also in talks with Paytm for integrating payments solution in its smartphones. Since India is a top market for Lenovo-Motorola, we are definitely looking into the market for specific opportunities. A global (payment) solution could be Android Pay, locally, there are multiple solutions like Paytm, etc. When the solution is mature, we will announce it (and) embed it, Dillon Ye, vice president, smartphone business lead of Asia Pacific at Lenovo Group told the publication. Also Read - Lenovo Legion 5 Pro launches with Ryzen 5000 CPU, brings Legion Ultimate Support service

While Lenovo is also in talks with other parties, Ye mentioned that the company will be looking at enhanced user experience and security before embedding cashless payments solutions in its devices. Ever since the currency demonetization happened on November 8, the adoption of Unified Payments Interface (UPI), mobile wallets and other online payment solutions have surged by 400 to 1,000 percent. ALSO READ: Demonetization: How to get started with UPI apps and go cashless to beat the cash crunch

Sure, the demonetization has created a liquidity crunch across the country causing the smartphone sales to nose dive. However, Lenovo executives told the publication that they haven t been severely affected as most of its customer base are plastic money users. The online sales model allows the customers to purchase the smartphones using their credit or debit cards. ALSO READ: Lenovo K6 Note, offline-only smartphone launched in India, prices start from Rs 13,999: Specifications, features

That is also why we are launching new products when others are not, Sudhin Mathur, executive director for Lenovo s mobile business told ET. Just within this week, Lenovo has launched the Moto M and K6 Note smartphones, along with the Yoga tablet. Targeting the Rs 6,000 smartphone segment and above, Lenovo-Motorola aims to increase its market share to 11.37 percent for the quarter ending September 2016, compared to 9.09 percent market share in the quarter ending June 2016. ALSO READ: Lenovo K6 Power Review

Taking the second spot, Lenovo-Motorola is currently trailing Samsung in India, which is one of the world s fastest growing smartphone market. In value terms, India is among the top contributors from revenue and volumes, and we re confident that once we have the offline strategy, India will grow further, Ye said. He further added saying that India contributed 10 percent to Lenovo Group s revenue of $10 billion in the quarter ending June 2016. ALSO READ: Moto Z Review: The Tony Stark of smartphones

Lenovo recently started selling the K6 Note offline. Starting January 2017, the company also aims to make its modular smartphone, the Moto Z and Moto Mods available offline too. With Lenovo being the No 1 selling brand on online platform, it expects two-thirds of its yearly sales to come from offline channels next year. ALSO READ: Lenovo claims it sells 25% of all smartphones sold online in India

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: December 15, 2016 2:46 PM IST



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