Affordable smartphones fuelling digital payments, content creation in India: Report
The report also said that friends and family exert the strongest influence (63 per cent) on users when it comes to buying a smartphone and smart devices.
Digital payment is undoubtedly on the rise and a recent study suggests that the rise of affordable smartphones in India is one of the reasons behind this. According to CMR Mobile Industry Consumer Insight (MICI) Study conducted by CyberMedia Research (CMR), the availability of affordable smartphones in the last five years has also translated to a significant uptick in Content Creation/Consumption (80 per cent), and Gaming (70 per cent) in India.
According to Satya Sundar Mohanty, Head – Industry Consulting Group, CyberMedia Research, value-for-money smartphones and smart devices have ensured that the latest technological features are democratised and available to consumers.
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