Cashify sees 25% more exchanges and 40% higher device value
In short
Cashify recorded 25% more phone exchanges, and the total value of exchanged devices rose 40%. The report links the numbers to the festive season.
This matters because more exchanges can support the refurbished phone market and Cashify’s business. The report also says the market is under pressure, but it does not explain what is causing that pressure.
What the reporting says
Cashify recorded a 25% rise in exchange volumes and a 40% increase in the total value of exchanged devices. The publisher-supplied summary ties the numbers to festive-season activity and says the refurbished-phone market is still facing pressure, but it does not identify the source of those pressures. The immediate takeaway is stronger exchange activity, while broader profitability and competitive effects are not stated.
Why it matters
Cashify reported a 25% increase in exchange volumes and a 40% rise in the total value of exchanged devices. The summary links the gains to festive-season demand, but it also says refurbished phones face market pressure without explaining the cause. The reporting does not state the period beyond the festive season, nor does it provide profit, pricing, or margin details.