NiyoX Equitas Digital Savings Account On-Boards 100,000 Customers In 50 Days

* Customer convenience, no min balance required, high interest rate driving the growth of 2-in-1 account

NiyoX – a 2-in-1 wealth plus savings account powered by India’s leading digital banking fintech Niyo – on-boards 100,000 customers in less than two months of its launch. At a time when more than 80% of the country is under lockdown-like restrictions, the relevance and need of having a digital savings account has increased exponentially. NiyoX is on track to on-board 2 million customers by FY21-22.

NiyoX has seen 90% of sign-ups from the working millennial population, these customers are spread over 9000 pin codes across the country. NiyoX account opening is one of the fastest in the country with median customers opening their account in under 5 minutes. Besides banking transactions, customers can invest in mutual funds with amount as low as Rs.100.

On achieving this milestone, Niyo’s Cofounder and CEO Vinay Bagri said, “The remarkable success of NiyoX stands testimony to the increasing acceptability of digital products and services among Indian consumers and how a gradual digital transformation is taking place across the country. It has been our constant endeavour to enhance customer experience by offering advanced services and features in the most user-friendly manner. Digital banking is the need of the hour and it is redefining the way financial services are perceived in India. ”

In partnership with Equitas Small Finance Bank and Visa, Niyo recently launched NiyoX - a state-of-the-art mobile banking solution for millennials. Being the first neo-banking platform to go live in India, NiyoX account comes with a VISA Platinum Debit Card, an industry-high 7%* p.a. interest rate on account balance and a promise of no minimum account balance requirement; making it ideal for the fast-paced lifestyle of today’s aspirational millennial Indian.

Virender Bisht, Niyo’s co-founder and CTO said, “Riding on the back of rapid mobile adoption, neo-banks have already democratized banking for customers in the western countries like the UK, USA & Europe. The pandemic has also triggered traditional banking customers in India to now switch to digital banks for the convenience, simplicity, advanced features and prompt support that NiyoX provides. Niyo has been creating path breaking products since inception. We still feel that our innovation journey has just begun, and plan to introduce several market first products in coming quarters. On the back of our innovative products and bank partnerships, Niyo will maintain pole position in this rapidly expanding market. ”

NiyoX account provides access to a full wealth management suite besides the savings account. The comprehensive wealth management suite powered by Niyo Money offers zero commission mutual funds, facility to track all your investments at one place, robo advisory and a feature that analyzes your investment, savings and expenses. Niyo will soon launch domestic and international stocks on the platform.

NiyoX also brings in a multilayer reward system comprising referral incentive, rewards points and scratch card-based cashback. This is topped up with some exclusive offers for the users curated by the team. Earlier this month, the company launched two ad campaigns “#JustCantWait” and “#WantMore” aimed towards millennials and GenZ.

About Niyo:

Niyo is a digital banking Fintech conceptualized in 2015, it currently operates in 4 major business lines: NiyoX is a next gen savings account for millennials, Niyo Money is a power packed of suite of wealth products, Niyo Global Card provides the best banking experience and value for international travelers, and Niyo Bharat Payroll solutions provides modern salary accounts for India’s large blue-collar workforce.

Niyo operates out of corporate offices in Bangalore, Mumbai and Delhi, and has sales presence in more than 20 states and union territories, currently serving a customer base of around 2 Million and over 7,000 corporates. Niyo currently has around 500 employees, over 250 of which are dedicated to Tech, Product and Design. Niyo’s team includes individuals from a variety of backgrounds and leading universities including IITs, IIMs, ISB, and Ivy league institutions.

TECNO Announces A 60 Days Warranty Extension Policy Amidst Second Wave Of COVID 19

The welfare and safety of our consumers is of utmost priority. Thus, to ensure the same, TECNO India has implemented a two-month warranty extension policy, which is valid for all TECNO smartphones whose warranty expires during the period between 15/04/21 to 15/06/21, will be automatically extended for 2 months. 

To avail this warranty period, follow the below steps:

Step 1 : Download carlcare app  from Google Play store

Step 2 : Open the carlcare app and click Warranty button on the home page

Step 3: Check the validity of your device by entering IMEI of the current device in carlcare app

Step 4: If your device is eligible for extension, you will see 60 days extended warranty option. Click on receive to extend the warranty.

Step 5: Register before 30/06/21, to avail warranty extension

As a socially responsible brand, we will continue to ensure highest safety standards  and assist our consumers and partners in every way possible.

Equitas Small Finance Bank Becomes The First SFB To Offer End-To-End Online Process For NRI Account Opening

* Only small finance bank to have VRM based on time zones

Equitas Small Finance Bank has now become the first small finance bank to offer its NRI customer segment the ease of account opening online. The company will also be the only one in the small finance bank sector to have Virtual Relationship Managers based on time zones.   

The online process of account opening for NRIs can done via smart phone or computer connected to Internet. The applicants will have a span of 90 days to courier documents after account opening.  With this pioneering move, Equitas Small Finance Bank is seamlessly increasing opportunities for its NRI account holders to manage their investments, deposits and the income earned in India. The Equitas Net banking would also facilitate investment in mutual funds and Portfolio Management Services for the NRI account holders.  

Through banking alliances, Equitas Bank also offers online and offline remittance facilities to its NRI customers at the best exchange rates thereby making it easier and beneficial to transfer their overseas earnings to India seamlessly. 

Speaking on the occasion, Mr. Murali Vaidyanathan, President & Country Head, Branch Banking Liabilities Product & Wealth Equitas Small Finance Bank said, “Digitization of banking at ESFB has helped to offer the services at the convenience, safety and wellbeing of our customers and employees being our paramount concern.  The seamless online process for NRI account opening launched will enable hassle free account opening and help our NR customers to enjoy the complete banking services with ease and comfort of their country / place of their residence ably supported by a team of VRMs based on the time zone of the customer. We at Equitas Small Finance Bank continue to offer the Best in Class Interest rates of 6.8% per annum on Fixed Deposits and 7% per annum on SB Balances between Rs. 1 Lac to Rs. 2 Crores for NRI accounts making it an enriching experience”.  

Non-Resident accounts are the most stable books in the branch portfolio for Equitas Small Finance Bank. Additionally, high average Relationship Value of NR accounts hints at a promising outcome for the bank’s focus on increasing its NRI customer base.  

About Equitas Small Finance Bank Limited [ESFBL]  

Equitas Small Finance Bank Limited is the largest SFB in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management and total deposits in Fiscal 2019. (Source: CRISIL report). Its focus customer segments include individuals with limited access to formal financing channels on account of their informal, variable and cash-based income profile. It offers a range of financial products and services that address the specific requirements of these customer segments by taking into account their income profile, nature of business and type of security available. Its asset products are suited to a range of customers with varying profiles. 

Samsung India Donates Medical Kits, Oxygen Concentrators And Oxygen Cylinders To Help Karnataka Fight Against COVID-19

* 14,000 Medical Kits sourced locally and 24 Oxygen Concentrators, 150 Oxygen Cylinders flown from South Korea

Company also supporting employees with end-to-end Covid care

Samsung India has donated 14,000 Medical Kits, 24 Oxygen Concentrators and 150 Oxygen Cylinders to Karnataka, supporting its fight against the current surge of Covid-19.

As part of this support, Samsung R&D Institute Bangalore (SRI-B), the largest R&D centre of Samsung outside Korea, has collaborated with Shrimad Rajchandra Sarvamangal Trust (SRST) for donating Medical Kits to Government of Karnataka. These medical kits are prescribed by the Government of Karnataka and will be used by Covid patients in home isolation.

SRI-B has donated 14 Oxygen Concentrators to charitable hospitals working towards Covid-19 relief. These Oxygen Concentrators, which have been flown in from South Korea, will be used by patients from weaker sections of the society. Another 10 Oxygen Concentrators were handed over to the Government of Karnataka.

In addition to the aid for Karnataka, Samsung had earlier pledged USD 5 million (INR 37 crores) to India's fight against Covid-19, providing donations to central and state governments, and boosting the healthcare sector with essential medical equipment for hospitals including 100 Oxygen Concentrators, 3,000 Oxygen Cylinders and one million LDS syringes.

At Samsung, employee health, safety and well-being is of utmost priority. As part of its people's initiative, Samsung has also announced it will cover the vaccination costs for over 50,000 eligible employees and beneficiaries in India.

SRI-B has extended end-to-end Covid care to its employees, providing tele-consultation with doctors, RT-PCR tests, home packages with remote medical care, food and medical kit for people staying alone, paid time off for recovery, ambulance on call, Covid Care Centre for isolation and hospitalization, if required.

About Samsung Electronics Co., Ltd.  

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the world of TVs, smartphones, wearable devices, tablets, digital appliances, network systems and memory, system LSI, foundry and LED solutions. 

Edukemy Announces "100% COVID Support Scholarship On PYQ Courses For UPSC Aspirants"

Edukemy, India’s first EdTech Company in the non-STEM segment, today announced a COVID Support Scholarship Program to support students preparing for the upcoming UPSC examinations. Students can avail a 100% scholarship on Previous Year Question (PYQ) sessions for GS and Optional subjects.  

The course structure has been designed meticulously and comprises of Booster PYQ (Previous Year Questions) Sessions for answer writing in GS and Optional subjects of UPSC Mains 2021. Students will learn to sculpt effective answers using model handwritten answers and will learn the art of incorporating current affairs and factual information into answer-writing to improve the overall score. 

As the UPSC Prelim Exams have been postponed to 10th Oct 2021, students are seeking expert advice and Edukemy has come forward to support UPSC aspirants in these trying times. The expert faculty of Edukemy has devised a unique strategy in light of postponement of UPSC 2021 thus, enabling students to ace mains and prelims for UPSC 2021 at the comfort of their home. 

Sharing his views on the exclusive scholarship, Mr. Chandrahas Panigrahi, CEO and Co-Founder, Edukemy said, “As India is navigating through a challenging time with the current wave of COVID, we remain committed to supporting students in these tough times. This is a step forward in accelerating our mission of taking students closer to their goals.” 

Classes commence from May 24th, 2021 and students can visit https://www.edukemy.com to register and avail the scholarship. Additionally, downloadable study material and model answers will be provided so that students can revise important topics and prepare effectively.  

To be a part of the empowered UPSC community and to learn more about the COVID Support Scholarship Program on PYQ sessions, aspirants can join Edukemy's Telegram Channel - Edukemy for UPSC:  https://t.me/WithEdukemy4IAS  

Huawei Commits To India’s Fight Against COVID-19, Extends Support For Strengthening Medical Care Facilities

* Facilitating 400 Oxygen Concentrators, 400 Contactless Vital Parameter Monitoring devices, 25 HFNC CPAP Oxygen therapy system, other medical supplies worth INR 5CR

* Commits to setting up a 50-bed Covid-19 medical care facility in Gurugram

As an effort to accelerate Covid-19 relief efforts in India, Huawei has collaborated with local NGOs, specialised institutions to facilitate medical resources to strengthen the efforts in managing the crisis.

Huawei India is facilitating the availability of 400 Oxygen Concentrators, 400 Contactless Remote Vital Parameter Monitoring devices, 25 HFNC CPAP Oxygen therapy systems, and other medical supplies worth INR 5 crore for Indian public hospitals, makeshift hospitals, and other facilities for Covid-19. The initiative is also providing aid for scaling-up and incubation support to partner organisations.

Speaking on the initiatives, David Li, CEO, Huawei India, said, “Given the urgency of healthcare requirements, we decided to join hands with local partners to accelerate the facilitation of urgent medical supplies to support those most affected. We firmly believe that this situation can be overcome with joint, comprehensive, and targeted community efforts. We at Huawei are committed to standing strong with the nation during these challenging times.”

Separately, the company is also working on setting up a 50-bed Covid care facility in partnership with a local medical institution in Gurugram for patients requiring mild medical support. The facility will be equipped with medical equipment like Oxygen concentrators, BiPAP, patient monitoring, etc., and will be operated by a partner medical institution.

In addition to its direct response, Huawei is contributing to provide meal support for more than 18,000 government school children whose families are affected by Covid-19.

Storytel Makes Listening To Audiobooks In Indian Languages Pocket Friendly

* Priced at ₹149 pm, get unlimited access to audiobooks in 11 Indian languages

Demand for content in regional languages has gone up significantly in the last few years and continues to be on rise. With focus on regional languages, Storytel is expanding its starter subscription plan - Select -  which allows customers to access audiobooks in 11 regional languages. 

Storytel had piloted Select services with thousands of audiobooks & ebooks in Marathi language only in 2020. Now the offering is expanded to 11 languages including Kannada Hindi, Marathi, Bengali, Tamil, Malayalam, Telugu, Assamese, Gujarati, Odia &  Urdu to choose from, at an affordable price point of ₹149 per month. You can subscribe for the plan here

Consumers will now get two paying options -  “Select “payment option priced at Rs 149/-  with access to regional languages and another one '’Unlimited' priced at Rs 299 with access to all 11 languages along with English. The aim is to keep the offer choice to people who want to listen to Indian languages only or also the premium International titles in English.

Book lovers and literary enthusiasts will find many sought-after titles on the Storytel app, from Nagamandala, Samaskara, Ammachi Yemmba Nenapu, Sandhyaraga as well as contemporary bestseller such as Ghachar Ghochar,Life is Beautiful, Grastha, Teru . Storytel is associated with some of the best publishing houses and  many more.

One can listen to Rich Dad, Poor Dad, Moorkhana Mathugalu and many more titles that are added in the app every month.

Expanding Storytel Select is the next step in Storytel’s journey to offer customers options that they have been asking for, which is very much in sync with our strategy of going local and understanding customer needs better.

“Our aim is to get people more and more closer to stories and literature that stems from their roots.With expanding Select as a product, we want to give users the power to choose and pay for what they actually consume. We were seeing doubled interest in the consumption of audiobooks in languages other than English, which is when we decided to launch an India specific plan- which lets one enjoy audiobooks in their language at an affordable pricing. ” said Yogesh Dashrath, Country Manager, Storytel India.

Storytel is an audiobook and ebook app streaming service launched in India on 27th Nov 2017. The company is headquartered in Stockholm, Sweden and currently present in 25 markets across the globe. In India, the app currently hosts more than 2 lac+ audiobooks and ebooks across 12 languages namely English, Hindi, Marathi, Urdu, Bengali, Tamil, Malayalam, Telugu, Assamese, Gujarati & Kannada . Our vision is to make the world a more empathetic place with great stories to be shared and enjoyed by anyone, anywhere and anytime

Availability: Storytel is available on both Google Play store http://bit.ly/2rriZaU and iOS App store https://apple.co/2zUcGkG

About Storytel

Storytel is one of the world’s largest subscribed audiobook and ebook streaming services and offers listening and reading of more than 500 000 titles on a global scale. Our vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel’s streaming business is conducted under the brands Storytel and Mofibo. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts, People’s and Gummerus. Storytel operates in over 20 markets around the globe and is headquartered in Stockholm, Sweden.