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Swiggy to use digital payments for delivery fleet

Founded in 2014, Swiggy aims to "change the way India eats" and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others

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Another step towards digitizing India
Encouraging Digital Transactions by exempting service tax on Cards (Wikimedia commons)
  • Swiggy is an online food ordering platform
  • It will now allow digital payments for delivery feet
  • this method will prevent any leakage in cash payment process

Online food ordering and delivery platform Swiggy on Monday said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.

“Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds,” the company said in a statement. Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities.

These digital payments will prevent leakage in cash payments. Wikimedia Commons

With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the funds to Swiggy, saving their time, according to the statement.

“With the delivery fleet being the backbone of Swiggy, the adoption of the digital payment solutions will support the ease of operations and save their time and thousands of kilometres of travel,” said the company’s Chief Financial Officer (CFO) Rahul Bothra in the statement. The digital payment methods will also help in preventing any cash leakages, the company said.

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Founded in 2014, Swiggy aims to “change the way India eats” and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others. IANS

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Intel Brings Latest Design and Engineering Centre in Hyderabad

Over the last 20 years, Intel India has invested significantly in R&D in the country and has been consistently leading in developing the tech ecosystem

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Intel
The Intel design centre will contribute to computing and communications technology innovations geared towards addressing critical challenges in today's data-centric world and advance the firm's engagements with the city's technology ecosystem by fostering entrepreneurship and a research mindset. Wikimedia Commons

Expanding its innovation footprint in India, global chip making giant Intel on Monday unveiled its new design and engineering centre here which was inaugurated by Telangana’s Information Technology Minister K. T. Rama Rao.

Spread across 300,000 square feet, the centre can accommodate 1,500 people. The state-of-the-art facility comprises six LEED Platinum certified floors, modern amenities and an incubation centre for hardware and systems start ups in the IT corridor of the city.

LEED or Leadership in Energy & Environmental Design Platinum certification is the highest rating for green buildings, recognised worldwide.

“Over the past 50 years, Intel has brought immense compute power to millions of people, transforming the way we live and work. We are now ushering in a new era of ‘Exascale Computing’ driven by the rise of artificial intelligence,” Raja M Koduri, Senior VP, Chief Architect and GM of Architecture, Graphics & Software, Intel Corporation, said in a statement.

The design and engineering centre was opened in the presence of Raja M Koduri, Senior VP, Chief Architect and GM of Architecture, Graphics and Software at Intel Corporation and Nivruti Rai, Country Head, Intel India and Vice President, Data Centre Group, Intel Corporation.

Intel
Expanding its innovation footprint in India, global chip making giant Intel on Monday unveiled its new design and engineering centre here which was inaugurated by Telangana’s Information Technology Minister K. T. Rama Rao. Wikimedia Commons

“Exascale for everyone is an exciting vision and it requires fundamental disruptions across the technology stack. Intel’s design and engineering centres will play a critical role in driving this mission and I look forward to the new centre in Hyderabad delivering breakthrough technologies to propel the company’s growth,” Koduri added.

The design centre will contribute to computing and communications technology innovations geared towards addressing critical challenges in today’s data-centric world and advance the firm’s engagements with the city’s technology ecosystem by fostering entrepreneurship and a research mindset.

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“Over the last 20 years, Intel India has invested significantly in R&D in the country and has been consistently leading in developing the tech ecosystem. We have made significant impact in areas such as Cloud, client, graphics, AI, 5G, and autonomous systems and our new design facility in Hyderabad will enable us to further boost innovation for India and the world,” said Nivruti Rai, Country Head of Intel India and VP of Data Center Group, Intel Corporation. (IANS)