Instamojo to make NEFT transactions free for sellers; Daisy Chittilapilly explains Cisco's strategy shift

Thursday June 28, 2018 , 3 min Read

Digital payment service provider Instamojo announced it will make online transactions through National Electronic Funds Transfer (NEFT) free of cost for its five lakh seller base. The company has been piloting with NEFT as a payment mode on its platform for the last two months. The service has been rolled out for around 25 percent of Instamojo’s seller base at present. In a statement, Instamojo said it aims to take its SME base from five lakh at present to 25 lakh by 2020.

While Internet of Things is a network where computing devices are embedded into everyday objects, Industrial IoT is a branch where computing devices are in machines in factories. Internet of Everything is a combination of the two, and Internet of Anything (IoA) applies to embedded devices in buildings, homes, and factories. IoA enables buildings with conventional applications to be more efficient. YourStory lists some IoA startups that are making it big in India.

At the Cisco India Summit, the company’s shift in focus and strategy is clear. For one that has until now been focussed on hardware, Cisco is now, as they say, ‘falling in love with the network again’. Moving focus to networks, cloud, and data centres, Daisy Chittilapilly, Managing Director, Digital Transformation Office, Cisco India and SAARC, emphasises why the company is best equipped to take on the network, but also how is it holistically looking at digital transformation.

Cisco's Daisy Chittilapilly explains how data isn’t important, insights are

It has been three years that Amazon India launched its global selling programme, which allows Indian sellers to sell their wares across the globe. Since then, Amazon has been encouraging more sellers from across the country to be a part of this programme. A report by the company points that there was 271 percent growth in East India-based products, 563 percent growth in North India-based products, and 187 percent growth in West India-based products, but only 52 percent growth in South India-based products.

Gramin Healthcare is looking to solve the problem of access to affordable healthcare in the hinterland. One only needs to visit a kiosk, get a diagnosis, subsidised consultation from a doctor, and access to high quality, reliable medicines. The nurse at the kiosk conducts an examination, and connects the patient to a doctor online through a live video or audio feed, through the Gramin Healthcare platform. The technology platform connects patients with doctors, diagnostic labs, pharma firms, and even insurance providers.