Fri, Mar 24, 2017 | updated 01:47 AM IST

Jugnoo's 'No Cash November' campaign gains momentum amidst demonetization

Updated: Nov 16, 2016 12:45 IST

New Delhi [India], Nov 16 (ANI): In the midst of the recent demonetization of Rs. 500 and Rs. 1000 bank notes in India, auto-rickshaw aggregator Jugnoo has registered an increase of up to 80 percent cashless transactions across all locations via its platform.

Ever since Jugnoo launched the auto rickshaw aggregation service in 2015, Jugnoo has championed the cause of 'Digital India' by promoting use of digital wallets for cashless transactions across the cities that's it operates in.

The top five cities where Jugnoo has registered the highest number of

cashless payments post the demonetization announcement are: Gurgaon, Mysore, Chandigarh, Noida, and Pune. These cities have recorded 100 to 150 percent spike in digital transactions.

Apart from digital wallets, Jugnoo also recently announced that it would be introducing UPI ( Unified Payment Interface) as an initiative to uphold the cashless economy of country. Earlier this year, the company took another step in this direction via a very innovative move of empowering auto-rickshaw drivers to recharge the customers' Paytm wallet to address the issue of returning change after completing the ride.

Further supporting the cause, Jugnoo is also planning to tie-up with Payment banks, a new model of banks conceptualized by the RBI (Reserve Bank of India) last year that enable transfer of money through a mobile phone.

"We welcome the government's move to demonetize high denomination currency in an effort to curb the entry of black money in India, and by extension, encourage the masses to go digital. It provides convenience and eliminates the cash handling process," said Co-founder and Chief Technology Officer Jugnoo, Chinmay Agarwal.

"We are educating our customers to use digital payment wallets as much as

possible instead of cards or cash, and are encouraging them to use such options on a permanent basis," added Chinmay Agarwal.

"We have informed all our drivers to stop accepting cash till further notice, and are also educating our customers to use digital wallets as much as possible instead of plastic cards or cash," he further said.

The most common digital wallets that are being presently used by Jugnoo users to make payments are Paytm, Mobikwik, and Freecharge. (ANI)

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Ashoka University, a Liberal Arts University in India, hosted its first International Educators Conference 2017 on March 17, 2017. In line with the University's vision to emerge as a global institution and put India on the world education map, the focus of the conference was on India as a global higher education destination.

Full Story >>

New Delhi [India], Mar 23 (ANI): Siemens on Thursday announced receiving of an order worth approximately Rs. 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka.

Full Story >>

New Delhi [India], Mar 23 (ANI): Paytm has partnered with Booking.com to facilitate accommodation bookings on its online travel marketplace. Under this partnership, all domestic and international accommodations available on Booking.com will now be available on Paytm with unique promotions and offers.

Full Story >>

New Delhi [India], Mar 23 (ANI): The Central Board of Direct taxation on Thursday notified that the Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016 entered into force on February 27th, 2017 with notifications released to the Official Gazette here today.

Full Story >>

Curofy launches Curofy for web

Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Curofy, a networking platform that allows case discussions between doctors and provides them with latest medical news, with continuous feedback from the community and gauging the need for their audience, has launched it's web platform to give their users a complete and richer experience.

Full Story >>

Qbera launches operations in Bengaluru

Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Fintech start-up offering quick and hassle-free personal loans Qbera has launched its operations in Bengaluru.

Full Story >>

New Delhi [India], Mar 23 (ANI): Maneeza Ahuja has been appointed Branch Head for the Delhi branch of Percept/H with the additional responsibility of leading the North India portfolio of Percept One.

Full Story >>

New Delhi [India], Mar 23 (ANI): Keeping pace with the recent rise in crime rates inside Apartment Complexes, ADDA GateKeeper announces the launch of its "Panic Alert' feature. ADDA GateKeeper a security management software for Apartment Complexes.

Full Story >>

New Delhi [India], Mar 23 (ANI): ExportersIndia on Thursday announced 56 percent boost in its business exclusively via its mobile app.

Full Story >>

New Delhi [India], Mar 23 (ANI): Real estate startup Square Yards on Thursday announced the launch of an International property portal (global.squareyards.com) for enabling global cross border real estate investments.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): "The transformation in technology that we have seen in 20 years is more than what world saw in preceding 200 years."

Full Story >>

New Delhi [India], Mar 23 (ANI): In a feat of sorts, Droom, India's pioneering online automobile transactional marketplace today became India's largest hyper local marketplace by bringing a whopping number of 500 cities, under its aegis. The watershed moment came soon after the company announced that it has achieved 1 lakh auto dealers on its online platform.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): After the roaring success of DPT Feb edition that drew over 1200 entries, Adda52.com- India's largest poker site and Deltin Royale- India's largest and most luxurious casino have announced yet another exciting edition of the Detlin Poker Tournament (DPT). This time around, the tournament has upped the prize pool to a whopping Rs. 2.25 Crore and will be six days long starting from 19th April 2017.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): L&T Technology Services Limited, a leading global pure play engineering services company inaugurated its new center of excellence dedicated for a leading German Original Equipment Manufacturer (OEM) in Munich Germany, its fourth delivery center for the customer following R&D hubs in Mumbai, Bangalore and Mysore in India.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Volano Entertainment Pvt. Ltd., India's leading participative sports firm hosted an adrenaline-pumping event, the 'Swift Devils Circuit' in Delhi NCR which saw participation from over 8000 individuals. The event took place on Sunday - 19th March 2017 at Sector 98, Noida.

Full Story >>

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Indian's are big dreamers, but when it comes to financial planning they lag behind by a distance reveals Aviva Plan India Plan survey 2017, a one of its kind survey conducted by Aviva Life insurance. However, millennial are better financial planners, while women are catching up fast with men on financial awareness and planning.

Full Story >>

New Delhi [India], Mar 23 (ANI-NewsVoir): Chennais Amirta International Institute of Hotel Management, a globally reputed name in imparting hospitality education, has broke its last year record with its 2,587 students getting job offers in one go. The students were selected for different positions in hospitality sector during the grand job fair `Talent Track 2017' conducted recently (from 15th to 17th March) at its college premises at OMR. Around 180 star hotels and leading restaurants from various parts of the country partook in the fair.

Full Story >>

New Delhi [India], Mar 23 (ANI-NewsVoir): Today, Preethi Kitchen Appliances, an inseparable brand of any kitchen of the Indian women, walks the talk by launching the '500 kg Grinding Marathon'. Preethi is known for industry leading innovation, incomparable quality and life-long free service.

Full Story >>

New Delhi [India], Mar 22 (ANI): EdgeMakers, the San Francisco headquartered company that has developed the world's first comprehensive learning system for Innovation and the related discipline of Entrepreneurship that is implemented at leading schools across the world, today announced that it plans to work with 10,000 students across 200 schools in Delhi, Mumbai, Hyderabad and Bangalore.

Full Story >>

Lok Sabha passes Finance Bill

Updated: Mar 22, 2017 18:20 IST

New Delhi [India], Mar 22 (ANI): The Lok Sabha on Wednesday passed the Finance Bill after various amendments presented by Union Finance Minister Arun Jaitley.

Full Story >>