Monday February 24, 2020
Home India Amid Cash Cru...

Amid Cash Crunch Pan-India, Small Vendors Unzip e-Wallets in Odisha to keep their Businesses going

0
//
Indian Currency, Pixabay

Bhubaneswar, Nov 20, 2016: At a time when the whole nation is facing cash crunch following the demonetisation of high denomination currency notes, the small vendors in the capital city of Odisha have adopted the smart ways of payment.

They are accepting payment through mobile and online payment services to ease the problems of common people and keep their businesses going.

NewsGram brings to you latest new stories in India.

Take the case of Raju, who runs a tea shop in the Unit-II area of the capital city. He is not bothered by the demonetisation as he has set up a private ‘e-wallet’ on the popular payment platform Paytm.

“I was worried after the central government announced demonetisation of Rs 500 and Rs 1,000 notes that led to cash crunch of small notes. Then, I installed a Paytm mobile app on my phone and asked my customers to pay through my mobile wallet,” said Raju.

The street vendors and grocery shops are also accepting money from the customers through e-wallets.

Go to NewsGram and check out news related to political current issues

“Even though the business has suffered following the demonetisation, we are receiving money through e-wallets. It has been a great help to us at the time of cash crunch,” said Tapas Panda, a shop owner in Niladri Vihar area of Bhubaneswar.

Taking advantage of the cash crunch, the mobile wallet companies are visiting the shops and persuading them to install their apps for better money transactions.

Look for latest news from India in NewsGram.

Meanwhile, the city people are facing a new problem. With ATMs and banks now giving away new Rs 2,000 notes, people are witnessing a clamour for change as the banks are dispensing limited number of fresh Rs 500 notes.

“I purchased grocery items of Rs 450 from a shopkeeper and handed him a Rs 2,000 note. But he refused to give back the balance change, saying he has limited Rs 100 notes. He insisted that I spend over Rs 800 to get smaller denomination notes,” said Ranjan Sahu, a resident. (IANS)

Next Story

Microsoft Launches Programme to Encourage B2B Startups

New Microsoft programme to empower B2B startups in India

0
Microsoft b2b startups
Microsoft launched a new programme to empower 100 business-to-business (B2B) startups. Pixabay

Microsoft on Monday launched a new programme to bring 100 companies to commit $100,000 each for enterprise-ready solutions from 100 business-to-business (B2B) startups in the Software-as-a-Service (SaaS) space in India over the course of 18 months.

Called the “100X100X100” programme, the initiative has already witnessed participation of more than 50 startups. India has one of the largest B2B SaaS startup ecosystems in the world, and it’s growing exponentially.

“This initiative will help build scale and create amazing opportunities for startups. Businesses can now fast-track their digital journeys through easy adoption of enterprise-grade solutions. We’re excited to see the outcomes of these partnerships,” Anant Maheshwari, President, Microsoft India, told reporters.

Microsoft b2b startups
The initiative will help build scale and create amazing opportunities for B2B startups. Pixabay

The programme was announced as Microsoft CEO Satya Nadella began his three-day India visit from Monday.

Launched under the ‘Microsoft for Startups’ initiative, the 100X100X100 programme will help enterprises fast track their digital transformation through faster adoption of SaaS solutions. It will make available a variety of curated, ready to launch, enterprise-grade solutions from startups with a proven track record.

It would also aim to create a profitable domestic market for the fast growing Indian B2B SaaS startup segment by increasing their revenue and customer base.

The programme will be conducted with the support of ecosystem partners and industry associations including the Delhi and Mumbai Chapters of The Indus Entrepreneurs (TiE), Microsoft said.

Microsoft for Startups allows early stage B2B startups to leverage Microsoft Azure marketplace, enterprise sales team and rapidly growing partner ecosystem.

Also Read- New Apple Maps Feature Now Available in 3 More US Cities

The new programme is open to Microsoft co-sell enabled startups associated with the company.

These startups will also have access to regular speed-contracting sessions with prospective customers at Microsoft industry and customer events. (IANS)