Sat, May 27, 2017 | updated 09:57 AM IST

JCB takes advantage of India's push for cashless economy

Updated: May 18, 2017 12:51 IST      
JCB takes advantage of India's push for cashless economy

New Delhi [India] Yangon [Myanmar], May 18 (ANI): India, with its large population and rapidly growing economy, has become a key market globally.

In the future, a cashless market is expected to grow through the usage of credit cards and mobiles.

The National Payments Corporation of India (NPCI) and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd, recently operationalised acceptance of JCB payment cards at ATMs and point of sale (POS) terminals in India.

This development has enabled JCB to serve an increasing number of tourists and business professionals with payment options at ATM and POS in India, especially from Asia where JCB has large number of card members.

The total card member base of JCB is about 101 million spanning across 23 countries and territories.

In April 2017, JCB established a subsidiary in Mumbai, the largest city in India, to further strengthen the alliance.

In the future, JCB plans to issue a JCB-RuPay card that is available at JCB merchants worldwide in cooperation with the payment service Rupay to be provided by NPCI in 2018.

This JCB-RuPay card will work as a RuPay card in India and as a JCB card outside the country.

Ichiro Hamakawa, President and CEO, JCB Co., Ltd., said, "Our current focus is expanding business in Asia. India, with its very large population and fast grown economy, is an extremely important market for JCB. This business launch is a remarkable step in the history of our global business. NPCI bring a revolution in how people make payment in India, meanwhile, JCB has played a key role in shaping today's Japanese payment industry. I see enormous possibility in the collaboration of two pioneering companies."

Japanese seasonings and processed food of Ajinomoto have been well known amongst people of Myanmar for more than 80 years.

Ajinomoto recently setup a new company in the Thilawa Special Economic Zone (SEZ) with Myanmar FDA approval.

"AJI-NO-MOTO" seasoning is produced through fermentation, a process similar to that used to make cheese and yogurt from milk. The seasoning uses natural products such as tapioca starch and sugar cane molasses, making the product a 100 percent natural.

The Joint FAO/WHO Expert Committee on Food Additives (JECFA) has placed the product in the safest category. Acceptable Daily Intake (ADI) is not specified based on extensive scientific data.

Ms. Htay Htay Win, a restaurant staffer, said, "Our restaurant opened in 1986 with a few employees. We now have about 50 employees since our restaurant has become quite popular today. We serve over 50 kinds of curries to our customers. We have become ever more popular with customers because of our cooking with high grade quality rice, cooking oil, shrimp, and "AJI-NO-MOTO" seasoning with selected fresh meat and vegetables. There is nothing else."

Satoshi Ogawa, Managing Director, Myanmar Ajinomoto Foods Co., Ltd., said, "By setting up our new company it comes possible for us to communicate with Myanmar people directly. We will pursue deliciousness for Myanmar people and through our products and activities we will make our maximum effort to contribute to Myanmar people's "Eat Well, Live Well"."

Lily Htun Aung, Manager, Sales and Marketing Department, Myanmar Ajinomoto Foods Co., Ltd.,"AJI-NO-MOTO" makes me remember my mother's taste. I am very happy and proud of working with Ajinomoto because it has been always with Myanmar people."

Quality food products create a happy and healthy life for all families. (ANI)

Epson launches express service centres in NCR

Updated: May 27, 2017 09:23 IST     

New Delhi [India], May 27 (ANI): Digital imaging and printing solutions provider Epson on Friday announced the inauguration of two express service centres in Noida and Gurugram.

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Pune (Maharashtra) [India],May 26 (ANI-Businesswire India): Bajaj Finserv, India's most diversified financial company, through its lending arm Bajaj Finance, is offering home loans at just 8.50% for a limited period. The special offer is valid till May 29, 2017.

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Jugnoo takes a big leap in restaurant aggregation

Updated: May 26, 2017 16:51 IST     

New Delhi [India], May 26 (ANI-Newsvoir): Jugnoo, India's leading hyper local startup, offering a diverse range of services like rides, ready to eat meals, restaurant food delivery, grocery and B2B Delivery, records phenomenal growth for its restaurant aggregator vertical, menus.

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GST Bill unanimously approved in Tripura

Updated: May 26, 2017 15:15 IST     

Agartala (Tripura) [India], May 26 (ANI): On the concluding day of the three-day session of the Tripura Assembly on Thursday, the Left-ruled state approved the Goods and Services Tax (GST) Bill unanimously by voice vote.

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Sensex surpasses 31,000 mark, shoots by 255.17 points

Updated: May 26, 2017 14:54 IST     

New Delhi [India], May 26 (ANI): Achieving yet another milestone in just a few hours, the Sensex on Friday saw a significant surge, reaching a fresh all time high of 31,005.20, recording a rise by 255.17 points, with Nifty inching closer to the 9,600-mark.

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New Delhi [India], May 26 (ANI): The most economically developed states are not adequately adding to skill sets, which may result in severe shortages of skilled manpower in the coming years, according to an ASSOCHAM-Thought Arbitrage Paper.

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FICCI to set up StudyinIndia pavilion at NAFSA 2017

Updated: May 26, 2017 13:20 IST     

New Delhi [India], May 26 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI), along with the Ministry of Commerce, Government of India and Service Export Promotion Council and in partnership with Education Promotion Society for India will be setting up a 'StudyinIndia' pavilion, leading a delegation of over 50 Indian higher education leaders to the 69th Annual NAFSA conference scheduled to take place from May 28 to June 2 2017, in Los Angeles, U.S.A.

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Atal Pension Yojana registers 53 lakh subscribers

Updated: May 26, 2017 12:36 IST     

New Delhi [India], May 26 (ANI): The subscriber base under the Atal Pension Yojana (APY) reached approximately 53 Lakhs. At present, 235 banks and the Postal Department are involved with the implementation of the scheme. Besides the branches of the banks and CBS-enabled offices of India Post, quite a few banks are sourcing subscribers through their internet banking portals in a paperless environment.

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New Delhi [India], May 26 (ANI): The Central Board of Direct Taxes (CBDT) on Friday issued a clarification on furnishing statements of financial transactions.

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New Delhi [India], May 26 (ANI): The market on Friday witnessed a surge in its trade with the Sensex and Nifty hitting an all time high of 30,862.63 and 9,534.75 respectively.

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New Delhi [India], May 26 (ANI-BusinessWire India): ITC Limited has won the prestigious Porter Prize 2017 award for 'Excellence in Corporate Governance and Integration' and for its exemplary contribution in 'Creating Shared Value'.

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New Delhi [India], May 26 (ANI): C-Zentrix, a Gartner Magic Quadrant for CCI 2016-recognised product company and a cloud-based advance communication management provider on Thursday announced the launch of two new products in its customer engagement solutions portfolio, 'TrixChat' and 'ZenBot'.

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nexGTv now available on Amazon's Fire TV Stick

Updated: May 26, 2017 08:10 IST     

New Delhi [India], May 26 (ANI): nexGTv, a subscription-led video entertainment app on Thursday made its big-screen debut with its launch on Fire TV Stick, a digital streaming device from Amazon, and is now available on Amazon India.

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New Delhi [India], May 25 (ANI-NewsVoir): Rakesh Kapur, Joint Managing Director, Indian Farmers Fertiliser Cooperative Limited (IFFCO), has been elected as the Chairman of the International Fertilizer Association (IFA) at the recent IFA's Annual Conference held from May 22nd - 24th in Marrakech, Morocco in which 1400 participants were present.

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New Delhi [India], May 25 (ANI-NewsVoir): Unveiled at its Insights 2017 customer conference, Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, has introduced the latest version of Epicor ERP, the global enterprise resource planning solution in use today by thousands of customers in 150 countries worldwide.

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New Delhi [India], May 25 (ANI): Credit rating agency ICRA expects Indian GDP and gross value added (GVA) at basic prices to expand by 7.1 percent and 6.9 percent, respectively, in year-on-year (YoY) terms in Q4 FY2017.

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New Delhi [India], May 25 (ANI): Alibaba Mobile Business Group on Thursday announced appointment of Young Li as Head of International Business Department.

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New Delhi [India], May 25 (ANI): JobsForHer (JFH), an online connecting portal that enables women on a professional break to restart their careers and achieve their full potential, announces the launch of its second roadshow.

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Aye Finance raises USD 8 mn from Blue Orchard

Updated: May 25, 2017 13:09 IST     

New Delhi [India], May 25 (ANI): Non-banking finance company (NBFC) committed to transforming micro and small enterprise financing in India Aye Finance has announced raising USD eight million from Blue Orchard, a leading global impact investment manager.

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New Delhi [India], May 25 (ANI-BusinessWireIndia): International Career and College Counseling (IC3) Conference has announced the second edition of the Annual Conference, that will be held in New Delhi on August 30 and 31 2017 at JW Marriott, Aerocity.

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