Bangalore, 17th Aug 2020: Continuing with its commitment to re-define retailing standards in the Indian consumer durable industry, LG Electronics has opened its 28th brand shop at Jakkur today. Designed to meet the current challenging demands of the retail environment in the country, this new LG Shoppe M/S A3 Digitas, Jakkur was inaugurated by Mr. Manoj Mohandas, Regional Business Head- LG Electronics India Pvt Ltd. And Mr. Karabasappa S, Branch Manager – LG Electronics India Pvt Ltd
The LG Shoppe aims to enhance the shopping experience of today’s sophisticated market, and would serve as a one-stop-shop for all the lifestyle needs of a household.
Paving the way to effectively seize the growing organized retail market and re-define standards for lifestyle retailing, LG is setting up a chain of exclusive premium showrooms all across the country and has chalked out a roll out plan to implement the LG Best Shoppe experience across various cities.
New affordable offerings comprising of zero rental and zero MDR solutions Small businesses can collect and pay digitally even without a bank account Enters issuance business with Mswipe Moneyback Card to help merchants earn as they spend One-time digital KYC for hassle free and instant signup
Mumbai, 7th August 2020: Mswipe announced today the launch of Bank Box, a digital acceptance and payment solution designed to meet the cost-centric needs of MSMEs and merchants, as well as provide for a seamlessly integrated experience. Through this launch, Mswipe aims to pave the way for a futuristic payment solution platform and address key challenges that merchants and MSMEs face, with recurring costs on POS terminals like PoS rentals and Merchant Discount Rate (MDR). Mswipe, India’s largest merchant acquirer with a network of 6.75 lakh POS and 1.1 million QR merchants, set out with the vision to build a cutting edge product – one that combines their acquiring and issuing platforms into a one-stop-shop, “Bank Box”, which enables easy signup, instant activation of the terminal and lifetime zero rental and zero effective MDR for merchants. Manish Patel, Founder and CEO, Mswipe said, “COVID-19 has significantly impacted the earnings of small businesses, which in turn has led to curbed expenditures from their end. As a market innovator, Mswipe is helping MSMEs and merchants control costs incurred while accepting digital payments and further incentivize them to make digital payments. Essentially, Mswipe’s Bank Box facilitates small, medium and micro businesses to break into the digital ecosystem at the lowest possible TCO and sign up – even if they do not have a bank account.” With a one-time digital KYC, businesses can choose between Bank Box Go – a POS solution with zero rental and zero MDR or Bank Box Lite – a QR solution with 0 rental and 1% cashback on all transactions and instantly go live. In both offerings a merchant gets a UPI QR and a Moneyback Card. Bank Box Go additionally provides an affordable mPOS capable of accepting chip + pin and contactless card payments. For Bank Box Go merchants have to pay a one-time fee of Rs. 4,000 plus taxes while for Bank Box Lite, they pay only Rs.199 plus taxes. Sameer Hoda, President, Strategy and Operations, Mswipe said, “With Bank Box we have democratized the digital acceptance and payments ecosystem for the smallest of businesses by giving them a choice. With Mswipe now both an acquirer and issuer, we have provided an end-to-end digital enablement of MSMEs and merchants and empowered them to join the Digital Bharat movement.” While mPOS allows acceptance of multiple modes of payments including UPI, Visa, Mastercard and American Express, mQR accepts payments from more than 150 UPI and mobile banking apps like PayTM, Axis Bank and BHIM among others. To spend digitally, merchants can load their Mcard with up to Rs. 1,00,000 per month Mswipe is targeting merchants with an average daily digital collection of Rs. 2,000 – Rs.2,500 in tier 3-4 markets and Rs. 8,000 – Rs. 10,000 in Metro and semi-urban areas.
Styled like a mobile phone this sleek device has been launched at an introductory monthly rental of Rs 499
It comes bundled with Contactless Ordering software for SMEs, restaurants and takeaway joints
Enabled with integrated billing software, camera for QR scanning, works with 4G sim cards, Wi-Fi & Bluetooth connectivity
Company to invest Rs 100 crore on distribution & marketing of these devices in FY21
Bengaluru, 10th August’ 2020 : On a mission to equip SMEs with technology-led solutions, India’s homegrown financial services platform Paytm has launched the country’s “first pocket Android POS device” for contactless ordering & payments. The company has introduced ‘Paytm All-in-One Portable Android Smart POS’ at an introductory price of Rs 499 per month rental. Styled like a mobile phone for accepting orders and payments on the go, this is the first such Android-based device to be introduced in India and is much more powerful than the portable Linux based POS devices presently available in the country.
It also comes bundled with Paytm’s ‘Scan to Order’ service that is fast getting adopted by thousands of restaurants and takeaway joints the country. Paytm is offering this high-end POS device effectively at the lowest price in the market, in an effort to empower a large number of SMEs to kickstart their businesses with contactless ordering and payment solutions. This device enables delivery personnel logistic players, Kirana stores, and small shopkeepers to accept digital payments on the go.
The robust, featherweight & ergonomic device weighs only 163 grams, 12mm thick, and has a 4.5-inch touch screen. It comes bundled with a powerful processor, all-day battery life, and an inbuilt camera to scan QR codes and instantly process payment. This fully-loaded device has many industry-first features & services including cloud-based software for billing, payments, and customer management. It works with 4G sim cards, Wi-Fi and has Bluetooth connectivity to ensure payments never fail and stays round the clock connected with all of Paytm’s bouquet of services. The company aims to issue over 2 lakh devices within the next few months which will generate over 20 million transactions per month.
This smart POS device is integrated with the ‘Paytm for Business’ app to generate GST compliant bills and also to manage all transactions & settlements. Besides this, Paytm for Business app also helps merchants to avail of numerous business services and financial solutions such as loans, insurance, and Business Khata to manage digital ledger of all their transactions including udhaar, cash, and card sales. It also has a merchandise store on the app offering Paytm All-in-One QR integrated utility items such as soundbox, calculator, power bank, clock, pen stands, and radio. The Paytm for Business App has witnessed over 20 million downloads and is one of the most popular merchant apps on Google Play Store and App Store.
Renu Satti, Sr. Vice President at Paytm said, “We innovate products & services that are aligned with our mission of enabling SMEs with technology-led solutions. We are confident that this affordable pocket-sized Paytm Android POS device will enable everyone from SMEs to delivery personnel of Kirana Stores to collect payments safely. It is our endeavour to help merchants & traders to easily digitize their business operations, without any investment in technology or backend infrastructure. Our Paytm for Business app, Khata, and payout services are providing the much-needed digitization support to businesses to improve their efficiency & supporting them to join the Digital India mission.”
Launched this year, Paytm Payout is fast becoming a must-have tool for businesses to make regular payments to their employees, vendors, and business partners. During the ongoing pandemic, more businesses have used the service to process payments of over Rs. 1500 crores either to the Paytm wallet, food wallet, gift voucher, or bank account of millions of beneficiaries.
IDEMIA launches iCube,an innovation and incubation program where the Group will offer its expertise and technology to innovative start-ups and developers in India.
National, 8th August, 2020 IDEMIA, the global leader in Augmented Identity, launches iCube, an innovation and incubation program to support and assist Indian startups that leverage Augmented identity. In a fast-changing digital environment, Identity has become an indispensable building block for making businesses and cities safer and smarter in a vast range of environments and usages including financial services, healthcare, education, food sustainability, smart cities, IoT, e-Governance, e-commerce, travel & mobility, telecom, defence and more.
IDEMIA addresses these new challenges and needs with the launch of iCube, a program designed to assist and speed up start-ups and innovators in their product development and commercial roll-out.
Pierre Barrial, President & Chief Executive Officer at IDEMIA, stated: “IDEMIA has always been at the cutting edge of innovations in making the world a smarter and safer place. We are delighted to enable start-ups and developers to leverage the innovations we originally developed for corporations and governments across the globe. I am thrilled that the IDEMIA Innovation and Incubation program – iCube – is launched in India, one of our most vibrant markets globally. Not only do I look forward to help start-ups to succeed in India, but I am equally excited about taking some of their solutions to our customers across the world. I look forward to this mutually rewarding and exciting journey of co-creation.”
Sanjeev Shriya, Managing Director IDEMIA India added, “Innovation is the core of IDEMIA’s identity. Over time, we have developed cutting edge solutions with a global impact in domains like Financial services, Citizen Identity, Telecom, IoT or M2M. Thus, we are delighted to announce the launch of iCube – the IDEMIA Innovation and Incubation program that will help build compelling solutions for a safer and better world. This program is designed to assist startups and innovators by providing them access to our expertise and technology. It aims to speed up their product development and help them get to market faster”
To further support developers and innovators, IDEMIA has opened its application program interfaces (APIs) and launched a credit program. In addition, IDEMIA’s engineers and its industry experts will share their insights and knowledge during several sessions and talks.
iCube will also work closely with corporations in curating and co-creating solutions that may be mutually beneficial.
IDEMIA will engage with startups and innovators through the following programs:
Startup Assistance Program An ongoing program providing eligible startups credits to use IDEMIA and partner organizations’ technologies and products, APIs, SDKs, and other support
Accelerator Program A curated 3-month program to help developers and startups become better prepared for market
Developer Program A selected opportunity for startups to co-create solutions with IDEMIA’s technology teams and business teams
Scale Fast-Track Program A selected access for startups to IDEMIA’s global client base and opportunity to jointly go to market with IDEMIA
iCube may also provide selected startups with office space in their world class incubation facility located in Noida, India. iCube has already partnered with Lumis Partners Supply Chain Labs and Freshworks to reach out to a wider range of startups and support them in their journey.
~ Youva Combo to Create-1, Youva My Craft Kit & HQ Onyx Notebook ~
Mumbai, August 06, 2020: The biggest shopping event of the year is back, and we can’t wait to get the best deals offered during this 48-hour mega prime day sale. While the sale has a lot to offer, it is also the best time for stationery lovers to stock up their favourite stationery this sale season.
Navneet Education Limited is all set of launch 3 new products exclusively during the Amazon Prime Day sale. The products include – YouvaCombo to Create-1, YouvaMy Craft Kit and HQOnyx Notebook.
Youva, the youth stationery brand from the house of Navneet has always believed in nurturing creativity and strives to bring products that are thoughtfully designed. It brings you two thoughtful offerings with an intent to enhance your child’s cognitive skills, hand-eye coordination, creativity and social-emotional skills. Youva’s Combo to Create-1 isa coloring book-based activity that will unlock the creative dimensions of your little ones. The kit comprises of a Coloring Book, Pack of 12 Bold Wax Crayon and 5 Drawing Posters. My Craft Kit from Youva is a value packed kit for the craft enthusiasts. The kit includes Craft Paper, Glue Stick & Kids Scissors.
HQ by Navneet brings to you Onyx Notebook. HQ stationery products are popular in workplaces due to their impeccable quality, innovative and simplistic designs and a strong utility value. The new notebook comes with the ‘Exposed Spine’ feature, which means that it is engineered in a way that there is no covering on the binding area of the book. With this feature one can open the book flat 180 degrees without any resistance.
With this bold approach, the brand has once again showcased its innovation and leadership in handling paper based products. These books come in sleek A5 size and in four unique designs derived from ONYX and exotic MARBLE. With innovative edge printing technique, the cover designs extend even on the sides of the notebook to give you an experience of holding a marble book. With a thicker and brighter paper, the books aim to give you a smooth writing experience. For the worshippers of the elegant and well-designed stationery, this is a prayer answered.
Speaking about the new launches on Amazon Prime Day Sale, Shailendra Gala, Director, Navneet Education Limited said, “Navneet Education Limited has always strived to create innovative products and designs that brings value for its users. With the Prime Day sale, consumers will now be able to purchase their favourite stationery products from Navneet without stepping out from their home.”
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