New Product Launches in India, by Paynear and Aditya Birla MyUniverse

Paynear Solutions

Hyderabad-based payments solution company Paynear Solutions has launched SPOT, a new payment solutions app for recharges, bill payments, bookings and much more.

SPOT includes services like prepaid mobile recharges, postpaid mobile bill payments, DTH recharges, data card recharges, landline bill payments, electricity bill payments, insurance policy payment and much more. Individuals running kirana and general stores, paan shops, retail stores, grocery stores, Internet cafés or any other shops can use SPOT. Anyone who will become SPOT agents can provide these services to their customers and earn extra income through commissions on each recharge/bill payment. SPOT agents can also book cabs, buses, trains, flight tickets—even hotel rooms—and can earn income.

Mr. Anil Bharadwaj, the CCO of Paynear, said in the press release, Through SPOT, we also offer a distribution model, where any individual with an entrepreneurial spirit can become a SPOT distributor, start onboarding agents and manage the recharge business in their territory. It’s completely a low investment and no risk business opportunity.

Aditya Birla Money MyUniverse:

Aditya Birla Money MyUniverse, India’s leading Personal Finance Platform, recently launched its mobile app Maxit @ MyUniverse. Right now the app is available to download for free on Android and the company is planning to make it available on iOS very soon.

Users can increase their savings with the help of the Maxit app. The app curates offers based on a user’s location, spending pattern and personal preferences.

Some of the salient features of Maxit app are presented here:

  1. Users get notified about the best deals in their location and save every time they spend.
  2. Based on a user’s spending pattern, Maxit will choose the most relevant offers and deals for him/her.
  3. The users can also enjoy Maxit delights: exclusive offers designed for the user, over and above his credit card offers.
  4. The app will also provide details about which of the credit cards could fetch the best deal in a given situation.

Sudhakar Ramasubramanian, CEO of Wealth & Online Business, Aditya Birla Financial Services Limited, said in the press release, At Aditya Birla Money MyUniverse, we are continuously innovating and investing in technology to build new propositions for simplifying money management for Indians. Spending is on (the) rise, especially with younger audience, and cards and wallets are increasingly becoming preferred payment options. (The) Maxit mobile app gives the convenience of getting Smart Savings on spends by helping customers get the most relevant offers based on the card, location, spend and preferences. We believe that Maxit will revolutionize the spending habits of Indians and eventually help them improve their personal finances.

Speaking about the Maxit launch, Mr. Rahul Parikh, Head of Aditya Birla Money MyUniverse, said, This is one more step in our journey to empower Indians for making better financial decisions. (The) Maxit mobile app gives the power of choosing the right offers and cards for spending; thus helping customers maximize their savings. A recent report for FY 2014-15 by Worldline, an electronic payment services company, claims that consumers spent Rs.1.9 trillion through credit cards and Rs.1.2 trillion through debit cards in India. Maxit gives customers the opportunity to get Smart Savings with every swipe."