Press Releases

Moneyview forays into Earned Wage Access with the acquisition of Jify

Published

1 week ago

September 13, 2024

Admin

Moneyview, a leading financial services platform, today announced the acquisition of Jify.co, a cutting-edge platform that enables employees to access their earnings on demand, fostering financial independence and security. This strategic acquisition is set to strengthen Moneyview’s comprehensive suite of financial services while enabling Jify to scale its offerings to a wider network of employees and organizations. The acquisition also marks a significant milestone in Moneyview’s ongoing expansion into a diverse range of financial products ranging from credit to savings & investment products catering to every Indian with a smartphone.

Jify’s core mission has been to provide India’s salaried workforce – 70% of whom live paycheck-to-paycheck – with real-time access to their salary. This helps reduce their dependence on high-cost credit options and informal loans, which often leads to significant financial and mental stress. With the strategic support of Moneyview, Jify is now positioned to scale more efficiently, and enable a larger set of employers to deliver holistic solutions to employees across the country.

The coming together of powerhouse Moneyview, with a decade of experience in financial services and strong economic fundamentals, with Jify.co that services over 250+ blue-chip corporate with millions of employees, will deepen inclusion for the financially-underserved Indian consumer, through a suite of products like personal credit, UPI, insurance, savings, home loans and loans against property, amongst others. The acquisition involved share swap whereby Accel and Nexus the existing investors of Jify were allotted shares of Moneyview.

Puneet Agarwal, Co-founder & CEO, Moneyview stated, “We are committed to providing solutions that empower Indians not only to access personal finance but also to manage their income and investments more effectively. The acquisition of Jify is a significant step in this journey. We are eager to use this collaboration as a way to strengthen and grow the strong customer base that Jify caters to and take it to new heights. As we move ahead, we will continue to bring more such solutions that will enable our current and prospective users to manage all their financial needs under one roof. We are excited to welcome Anisha, Anusha, Aditya and the entire Jify team to the Moneyview family”.

Anisha Dossa, Co-founder & CEO, Jify.co stated, “Moneyview, with it’s range of financial solutions spanning credit, personal finance, insurance, and savings products, will enable Jify to serve over 10 million employees within the next two years and establish ourselves as the premier employee financial wellness platform for salaried individuals. We are thrilled to partner with Moneyview and look forward to creating a tremendous impact on financial inclusion.”

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Press Releases

Adani Foundation at ACC Kymore spearheads sustainable agriculture practices with mechanisation

Published

12 hours ago

September 20, 2024

Admin

ACC, the cement and building material company of the diversified Adani Portfolio, is spearheading sustainable agricultural practices by facilitating mechanisation of farming activities. Along with the Adani Foundation, the Company has established a Custom Hiring Centre in Jamuwani Kalan, near ACC Kymore. This initiative showcases how collective farming efforts can transform agriculture into a profitable venture.

Jamuwani Kalan in Katni district is home to 450 families, which primarily depend on agriculture for their livelihood. However, challenges such as stubble burning and high input costs for land preparation have made farming difficult, especially for small and marginal farmers. In February 2024, the Adani Foundation established a Custom Hiring Centre in the village.

Managed by a five-member committee from Jay Shri Ram Kisan Samuh committee, the Centre was initially supported with a capital investment of Rs. 2.5 lakh from the Foundation. This amount was matched by the farmers’ group, mobilised through the Foundation’s efforts to secure registration in the Agriculture Department’s Subsidy portal.

The Centre offers rental services of farming machinery, including Super Seeder, Straw Reaper, two tractors, customised trolleys, and cultivators. The total capital cost of the Custom Hiring Centre is Rs. 24.63 lakh, with Rs. 1.10 lakh received as government subsidy for the Straw Reaper as well as Rs. 2.5 lakh from the Adani Foundation. During the last Rabi crop harvesting season, the Centre served 55 farmers and generated Rs. 1.18 lakhs in revenue from the Straw Reaper alone.

This initiative has saved approximately 100 tonnes of dry straw as cattle feed for the lean season and preserved soil microbes by preventing stubble burning, thus enhancing soil health. In addition, with the support of the Adani Foundation, the Centre promotes the use of Super Seeder for zero-tillage seed sowing, reducing input costs by 35-45% without affecting crop yield. This year, the Centre aims to extend its services to four neighbouring villages, promoting sustainable agricultural practices.

ACC and the Adani Foundation are committed to community welfare and sustainable livelihooods, through promotion of modern farming techniques.

Press Releases

Centre for Future Skills: NSDC collaborates with Ethnotech Academy and Cambridge to skill and upskill India’s workforce for emerging technologies

Published

12 hours ago

September 20, 2024

Admin

Centre for Future Skills NSDC collaborates with Ethnotech Academy and Cambridge to skill and upskill Indias workforce for emerging technologies

The National Skill Development Corporation (NSDC), under the aegis of the Ministry of Skill Development and Entrepreneurship, has launched the “Centre for Future Skills” an initiative in collaboration with Ethnotech Academy and Cambridge University Press & Assessment. This state-of-the-art facility, a vibrant hub of innovation and learning aims to provide technology infrastructure and expert guidance in the latest technologies to higher education institutions (HEIs), creating a launch pad for students to excel in the rapidly evolving tech landscape and connecting the aspirations of our youth with the ever-changing demands of industry.

The key highlight of the event was to create partnerships between academic/ corporate partners and NSDC, alongside Ethnotech and Cambridge University Press & Assessment. This was followed by panel discussions that delved into current challenges and potential solutions in the fields of emerging technologies.

The technology infrastructure will include all the major technologies such as Artificial Intelligence and Machine Learning, Data Analytics, AR/VR/Meta, Cloud computing, Cyber Security, Internet of Things, Industrial / Home Automation, Robotic Process Automation and Semiconductor Design.

Talking about the initiative, Shri Nitin Kapoor, Vice President, NSDC, emphasised the importance of equipping the youth with skills relevant to the future job market. He stated, “This is a significant advancement in India’s skill development landscape, as we strive to position India as the Skill Capital of the World, our focus on future-ready skills is paramount. Upskilling is no longer a luxury but a necessity, as it empowers individuals to stay relevant and adapt to technological advancements. NSDC International is playing a key role in bridging the global skill gap and Skill India Digital Hub (SIDH) is the go to skill platform for all your skilling needs.

Press Releases

MediBuddy Introduces All-in-One Digital Health Solution with MediBuddy Shield and MediBuddy Shield Plus Wellness Cards

Published

12 hours ago

September 20, 2024

Admin

MediBuddy, India’s largest digital healthcare platform, announced the launch of its latest innovation – the MediBuddy Shield and MediBuddy Shield Plus Digital Cards. These cards aim to provide a seamless and comprehensive healthcare experience, catering to a wide range of needs with the convenience of digital accessibility.

As the demand for accessible healthcare continues to grow, MediBuddy has taken a significant step forward by introducing these digital cards, designed to cater to all essential outpatient department (OPD) services. These cards will not only provide customers with easy access to healthcare services but also help them manage their health proactively.

The MediBuddy Shield is a six-month card priced at ₹1,499 + GST, offering two complimentary online doctor consultations, one health checkup, an offline dental consultation, and a personal accident cover of up to ₹1 lakh. The MediBuddy Shield Plus, priced at ₹2,599 + GST for one year, provides additional benefits such as two health checkups, monthly health blogs, bi-monthly webinars, and exclusive discounts on condition management programs. The card will be available from 19th September 2024 for all customers.

Key features of MediBuddy Shield include:

Two complimentary online consultations with general physicians
One free MediBuddy Smart Health Checkup
One free offline dental consultation
Access to MediBuddy Concierge Services for conditional management
Personal accident cover up to Rs 1 lakh

MediBuddy Shield Plus offers additional benefits such as:

Four complimentary online consultations with general physicians
Two health checkups (Smart and Basic)
Monthly health-related blogs and bi-monthly webinars
Exclusive discounts on condition management programs

As the healthcare landscape continues to evolve, MediBuddy remains at the forefront, developing solutions that meet the changing needs of consumers. The launch of these digital cards marks another milestone in the company’s mission to make healthcare accessible to all.