The local online classifieds platform saw a significant increase in ads and demand for consumer durable and electronics in the third quarter of 2020.

“Supply and demand for consumer durable and electronics are exceeding pre-Covid-19 levels, supported by consumer sentiment for value, desire to upgrade and digital conversion,” OLX said in a press release. In terms of new ads on the platform, fashion item ads across all geographies saw the largest increase in the third quarter compared to the first quarter.

Likewise, in the electronics / home appliances and furniture categories, growth in the number of listings for non-metro areas outpaced growth in the metro by a factor of 2-3 for different types of products, according to the report.

“It highlights the tendency of people to level up, especially before and during the holidays. With the lock down, users also had more time to reorganize their homes by eliminating the products they no longer needed at OLX, ”he said.

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Cat and dog lovers can show their support for Peninsula SPCA by shopping from the non-profit organization’s new online store.

Customers can browse through categories of home goods, gifts, clothing, drinking utensils and pet supplies, all with a pet theme. All proceeds go to the pets of Peninsula SPCA.

The sweatshirts, hoodies, t-shirts and raglan shirts feature the new Peninsula SPCA design selected in a competition.

A bespoke Tervis tumbler and paw print wine glass are among the drinking utensil selections. Other items include ornaments, blankets, a 2021 calendar, and a duffel bag for shopping. Collars, leashes, a rope frisbee, stand and engraved pet tags can be found under the pet items. Items are stored in the shelter and shipped to customers.

Once the SPCA reopens to the public, a retail store will be opened on the site.

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Ashish Hemrajani, Co-Founder and CEO of BookMyShow, is known for his candid and eloquent conversations. Despite the damaging effects of COVID-19 on the entertainment industry, especially the film industry, Ashish remains strong and optimistic. The question is whether we are sailors with strong winds or light winds during the pandemic. In a conversation with YourStory Founder and CEO Shradha Sharma, Ashish spoke about how the entertainment industry will shape in a post-COVID era and why she continues to maintain the hope of cinemas.

Does OTT change the dynamics? Ashish believes that OTT (Over the Top) platforms are aimed at the English-speaking population of India: “India, which has high-speed internet and works with devices,” he said. The type of content that comes out of the OOT platforms is best suited for people with an “American way of life.” That said, OTT platforms have opened doors for content creators that didn’t exist before. “OTT democratizes talent,” added Ashish. He said that just as money has come for digital business and democratized wealth creation, OTT is doing the same for talent and content.

The new and the old coexist with the closure of cinemas due to the lockdown, the conversation around OTT platforms taking over traditional forms of entertainment has gained momentum.

“We currently live in an economy of germophobia. After closing, we will be in a claustrophobic economy”, Ashish said.

The co-founder of India’s largest online movie ticket booking platform is hopeful that if new forms of entertainment are here to stay, markets will open up to traditional forms of entertainment in the coming months. That said, he believes that cable television will suffer the most from the changes that will occur in a post-COVID world. And more, once the country was shut down nationally, BookMyShow was up and running quickly. The platform hosted more than 5,000 post-crash events, allowing users to experience them for free. “We have been making money for 20 years. We do not bill customers during the pandemic, ”Ashish revealed. Now that the economy has started to recover, 70% of BookMyShow customers pay.

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BookMyShow released its latest campaign film, with the theme “Unlocking Life”. The film is a reinvention of the good old days of memorable entertainment experiences with friends and family in a new avatar, as people revisit their favorite forms of out-of-home entertainment experiences in the new normal.

The movie highlights BookMyShow’s latest safety feature, “My Safety First,” which enables a completely safe entertainment experience for users. The “Unlocking Life” campaign comes as entertainment in the country begins its renewal cycle after a six-month hiatus, providing millions of Indians with much-needed respite from the no-show phase.

Conceptualized and executed by the in-house BookMyShow team, the film aims to target entertainment enthusiasts of all ages, despite geo-restrictions and social settings across various social media platforms, putting the focus on the new entertainment experience outside the home. The “Unlocking Life” campaign emphasizes the importance of health and safety measures more than ever, placing “Safety First” at the heart of safe entertainment experiences.

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As we prepare for a socially distant holiday season, American Express makes it easy to send money and exchange purchases with family and friends of our members.

Say hello to Amex Send and Split with PayPal and Venmo. Send & Split allows eligible consumer card members in the United States to send money to any other PayPal or Venmo customer directly within the American Express® application, giving you more flexibility in how you send money. Additionally, card members can also split their purchases with PayPal and Venmo customers and receive a refund directly to their card.
It is easy to use and configure. Here’s what you can do as a member of the American Express card, after signing up, starting today:

SEND MONEY

Now, US Consumer Card members can send money to friends and family in the US via PayPal or Venmo at no charge. When you sign up for Send & Split, an Amex Send™ account is automatically set up. You can add funds to this account at any time with your American Express card and send money to any other PayPal or Venmo customer. This means you can send money now and return the money to us later.

SPLIT PURCHASES

With Amex Split™, after making a purchase on your card for a shared expense, such as a holiday gift for your mom that you share with your siblings, you can seamlessly share it with other PayPal and Venmo customers and it will be reimbursed directly to your card as a credit on the statement. In the Amex app, choose any pending or posted purchases that you want to split. We can divide the purchase amount evenly for you, or you can adjust the individual servings so that everyone is asked to pay only their share.

You can track these requests directly in the Amex app to see who reimbursed you (and who didn’t), giving you a consolidated view of your spending and allowance. Best of all, even if you split the purchase, you get all the rewards for the purchases you divide in the same way that you get rewards for other purchases. Amex Send & Split works seamlessly, whether it’s reimbursing the family for a group gift or sharing the expenses with a friend via PayPal or Venmo. This is just another way to make it easier for you to manage your shipments, expenses and divisions, all in the Amex app.

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PayPal announced today that it will be removing the waiting list to buy, hold and sell cryptocurrencies in the United States. With this decision, all customers in the United States will be able to purchase cryptocurrencies directly from their PayPal accounts. U.S. customers will also receive alerts about the new feature via email and a push notification in the coming days, the company says.

This feature was already partially available in the United States, but PayPal has attracted interested customers from a good list. With the update, users no longer have to wait for the location to open.

Additionally, PayPal claims to have increased the weekly cryptocurrency purchase limit from $ 10,000 to $ 20,000 per week at the request of the first customer.

The partner is helping to improve the new PayPal service, allowing customers to buy, sell and hold a variety of cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Lightcoin.

For the next year, PayPal plans to allow users to make PayPal purchases with cryptocurrencies as well, the company said.

In terms of exchange rate, PayPal will charge $ 0.50 on transactions up to $ 24.99, 2.3% on transactions from $ 25 to $ 100; 2% on transactions from $ 100.01 to $ 200 USD; $ 1.8 on transactions of $ 200.01 to US $ 1,000; and 1.5% in transactions over US $ 1,000.

PayPal notes that there is no charge for holding crypto in your account. And for starters, PayPal will waive the fees until 2021.

The company released the news quietly today via an update to last month’s press release. It states that users can download the PayPal app or log into their PayPal account for more information.

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It’s National Pet Day, so give your cats and dogs an extra hug!

Rover has surveyed animal parents to see if animals are helping their humans cope with additional stress during the coronavirus pandemic.

Most pet owners say their pets help them cope with stress caused by things like the coronavirus pandemic, the economy, and politics, according to the survey. Forty percent of those surveyed say they see their dog or cat to take a break from the news, compared to 23% who say they turn to their partner for comfort.

Two-third say they are happier working from home because their pet is by their side. And 70% said they can get more exercise while working from home because they play and walk with their pet.

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Zomato is slashing delivery of groceries as it prepares to leave the business almost five months after launch due to poor response and a gradual resumption of its main food delivery. Zomato Market will continue to operate and provide services to users who require on-demand delivery of essential products, a company spokesperson told BloombergQuint in an email response.

The company said it now wants to focus on its core business as the food distribution market is discounted. The online food ordering and unicorn delivery that launched Zomato Market in April after the country entered a full lockdown as people stayed at home, but demand for grocery delivery declined in May.
Since the lockdown restrictions were relaxed, Swiggy and Zomato have seen their grocery business decline. Swiggy, who had also aggressively grown their grocery business, also cut it down in a few of the smaller markets after restrictions were eased, a person familiar with the matter said on condition of anonymity. Swiggy, however, continues to focus on the grocery business and occupies a prominent place in the Top 100 Cities.

Zomato is leaving cities where there has been no demand or muted demand in recent weeks, the person quoted earlier said. Zomato, backed by Ant Financial, will however continue to operate in the top 15 cities, the second person said, adding that the company will exit those markets as demand dies down. The company, however, has ended partnerships and the integration of local grocery stores in all markets.

The online grocery market is already a highly competitive place with big players like Big Basket, Reliance Retail Limited and Amazon India and is already fighting for a big pie. Zomato’s foray is expected to be pitted against rival Swiggy, who has implemented a subscription-based grocery model in the past 12 months. The Ken first reported in June that Zomato was looking to turn around in the grocery business.

“It was expected and although it is a highly competitive category, it took a long time to build a vertical grocery store,” said Satish Meena, senior forecasting analyst at Forrester Research.

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Local payment gateway Paytm has expanded its services and made it easier for companies to collect payments through various methods. Called “Paytm Subscriptions”, the subscription service for businesses will allow them to collect payments from their users through flexible payment methods such as Paytm Wallet, UPI or cards, the company said in a statement Tuesday. Subscribers and customers can choose and pay for themselves through their preferred payment option. Additionally, customers can make periodic payments for subscription-based services. While Paytm previously launched the subscription-based recurring payments feature, it has been limited to card and bank account transactions to this day and has now been extended to UPI as well.

The payment gateway will also be equipped with features such as pre-debit notifications, smart attempts, smart routing between multiple bank gateways, card expiration notifications, and smart error code management to ease the process of payment. The company now expects to attract more than 1,000 businesses over the next six months, as it has already integrated several leading online platforms such as Zee5, Disney +, Epic On, JioSaavan and Gaana among others.

Meanwhile, Paytm’s e-commerce subsidiary, Paytm Mall, recently suffered a massive data breach after a group of hackers attacked it. The group of attackers called John Wick demands a ransom in exchange for the data. The group was able to get unrestricted access to all its databases (Paytm Mall), a US cyber risk intelligence platform Cyble said in a report posted on its blog on Sunday.

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Mobile phone retailers have urged phone companies to give them a level playing field by offering the same treatment as large e-commerce companies such as Amazon and Flipkart in the upcoming holiday season.

Stating that online sellers get a much better deal than physical stores during the holiday season, the Indian Mobile Retailers Association (AIMRA) said around 1.5 lakh of small businesses would struggle to keep up, if the practice continues.

“The large discounts and predatory prices offered on Flipkart Big Billion Day and Amazon Great Indian Festival are destroying the core business with the support of mobile operators.

Retailers do not receive such offers. This discriminatory approach ruins Diwali for retailers, ”AIMRA President Arvinder Khurana told PTI.

He said the Association wrote to mobile device makers about it and if their concerns are not addressed, retailers would be forced to sell models at prices offered by e-commerce platforms to keep their businesses alive and charge the difference amount to the distributors.

“This year, given the suffering of retailers due to COVID and the economic crisis, we ask you to be a little more understanding and refrain from giving out such offers which devastate our business and disrupt the market sentiments.” AIMRA said in a letter to mobile phone companies. The trade body representing 1.5 lakh of mobile retailers also alleged that several companies are not offering their latest models to offline retailers.

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