Saturday, July 25, 2015

Safe eTransactions @ Ganesh Chaturthi 2015

The Time: September 17-27, 2015.

The Place: Mostly in the states of Maharashtra, Goa, Tamil Nadu, Karnataka and Andhra Pradesh. One of the best places to experience the festival is in the city of Mumbai.

          The present central government led by Shri Narendra Modi is committed to roll-out ‘Digital India’, concept. In layman terms, Digital India means availability of Government Services through the Digital mode.

          Citizens too should be able to communicate with the Government officials through the Digital mode.  The goals are ambitious. The foundation is already in place with the ‘Digital India Week’, showcasing the various components of Digital India.

          To quicken the acceptance of Digital India initiatives, it is necessary that the Digital India tools are familiarized to a large set of population.

          Indian festivals are a great meeting place, where large number of our countrymen meets to celebrate the joys of the respective festivals.

          There are certain specific festivals where big gatherings take place. Such gatherings are a perfect occasion to spread the joy of Safe eTransactions.

          One such opportunity is upcoming GANESH CHATURTH 2015.

This year Ganesh Chaturthi celeberations kick-off on September 17th and will go on till September 27th.

GANESH CHATURTH   is celebrated like a big family festival in Maharashtra and Andhra Pradesh/Telangana.

The main attractions during this festival in the cities of Mumbai, Pune in Maharashtra, Hyderabad in Telangana are the huge idols of Lord Ganesh.

The whole community comes together to celebrate GANESH CHATURTH through Pandals.

Ganesh Chaturthi is celebrated as birth anniversary of Lord Ganesh. On Ganesh Chaturthi, Lord Ganesh is worshipped as the god of wisdom, prosperity and good fortune. It is believed that Lord Ganesh was born during Shukla Paksha of Bhadrapada month. The corresponding months in English calendar are August or Septmeber of every year.

The Ganeshotsav, the festivity of Ganesh Chaturthi, ends after 10 days on Anant Chaturdashi which is also known as Ganesh Visarjan day. On Anant Chaturdashi, devotees immerse idol of Lord Ganesh in water body after a gala street procession.

The spectacular eleven day Ganesh Chaturthi festival honors the birth of the beloved Hindu elephant-headed god, Lord Ganesha. The start of the festival sees huge, elaborately crafted statutes of Ganesha installed in homes and podiums, which have been especially constructed and beautifully decorated. At the end of the festival, the statutes are paraded through the streets, accompanied by much singing and dancing, and then submerged in the nearest Water spots.

9 opportunities for eTransactions @ GANESH CHATURTHI

01) Branding opportunities for eWallet companies at the Ganesh Pandals.

02)         In lieu of money back, part of money back proceeds to be credited to the respective NGO conducting the Ganesh Pandal.

03)         Exclusive tie-ups for online donations.

04)         Exclusive tie-ups for donations at the Pandals, as all Pandals have ‘Donation Boxes’.

05)         Extra reward points for donations through eWallets.

06)         Extra reward points for setting up monthly Standing Instructions through Internet Banking, Mobile Banking Apps, eWallets.

07)         VIP access for devotees routing donations through the Online Mode.

08)         All payments through online mode only. Restrict Cash payouts.  

09)         Extra reward points by Banks to NGOs for minimal cash transactions.

Brief History of Ganesh Pandals in India:

          Shivaji Maharaj (1630-1680) was the pioneer in introducing the Ganesh festival as a public event.

The concept of GANESH CHATURTH as a public festival was introduced by Bhausaheb Laxman Javale in 1892 by installing first Sarvajanik (Public) Ganesh idol.

This idea caught public imagination when in 1893 Nationalist Leader  Shri Lokmanya Tilak praised the concept of Sarvajanik Ganesh Utsav in Kesari Newspaper.

Realising the immense benefits of Ganesh Utsav in India’s fight for Independence, in 1894 Nationalist Leader Lokmany Tilak installed Ganesh idol in Kesari wada, Pune.

Thursday, July 23, 2015

A missed opportunity for ePayments @ Godavari Pushkaralu

          The last few days a sea of humanity has descended on Andhra Pradesh and Telangana along the Godavari Ghats.

          The sea of humanity has only one aim: - Dip in the Holy Godavari River on the occasion of Godavari Pushkaralu.

          The magnitude of the event can be witnessed at 275 ghats spread across the banks of River Godavari in two of India’s youngest states i.e Andhra Pradesh and Telangana.

One Event-275  Godavari Ghats- Four Crore Visitors
@ Telangana - Basar,Dharmapuri, Koti Lingala, Kaleshwaram, Bhadrachalam
@ Andhra Pradesh - Rajahmundry, Kovvur, Narasapuram, Antervedi

          As per urban lore, a dip in River Godavari during the Pushkaram time relieves from all sins. At the same time rituals to departed souls are also performed.

What is Pushkara ?
  • Pushkaram or Pushkaralu (in Telugu), Pushkara or Pushkar is an Indian festival dedicated to worshipping of rivers.
  • Pushkara or Pushkar is a Sanskrit word derived from the element of Push (Pushti) meaning nourishment and Kara means one who does it. 
  • Pushkara is the energy that nourishes.
This year as the sacred places are located in Andhra Pradesh and Telangana, both the State Government have made elaborate arrangements to attract the maximum number of visitors to the sacred places situated in their respective states.

     Both States are determined to turn this as a major branding opportunity. Visitors from India and abroad are both being invited to have a ‘life time’, experience.
     Activities ar
e being planned for the next one year, to maintain the tempo and increase the tourist quotient of the associated towns along River Godavari.

     Pushkaram continues till the time Jupiter progresses to the next Zodiac sign, but the festivities will go on only for 12 days in Andhra Pradesh and Telangana.

The first 12 days (14th July 2015 to 25th July 2015) of Pushkaram is called ‘Aadi Pushkaram’ and last 12 days is called ‘Anthya Pushkaram’.

Unfortunately, no financial institution or other institutions have not thought of ‘ePayments’, as a branding tool.

 The ‘Cash Economy’ still prevails.

Sunday, July 19, 2015

Quickpay – The latest addition to INDUSIND Bank’s long list of Innovations

          As on date, the following are the major Innovations from Indusind Bank. Each innovation has spawned similar products from competitors.

  • ·       Video Branch
  • ·       Super Saver Pack
  • ·       My Account My Number
  • ·       Check on Cheque
  • ·       Denomination Selection
  • ·       Cash-On-Mobile
  • ·       Quick Redeem
  • ·       Direct Connect

          Quickpay is the latest addition to the long list of innovations introduced to Indian banking customers by Indusind.

          Quickpay was launched a couple of days. The funds transfer channel is NPCI’s IMPS. This is the only channel in India which currently supports instant online funds transfers between participating bank accounts.

          The landing page of Quickpay is user-friendly and radiates positive energy. The theme based messages encourage Indusind Bank customers to be part of the happiness of their loved ones.

          The ‘Instacode’, adds an extra layer of protection to the QP transaction.
          The numbers of transactions are expected to zoom with the festival season around the corner.


Friday, July 17, 2015

RBI imposes penalty on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat)

The Reserve Bank of India has imposed a monetary penalty of INR 5.00 lakh (Rupees five lakh only) on Gujarat Mercantile Co-operative Bank Ltd., Ahmedabad (Gujarat) for violation of Reserve Bank of India’s guidelines/ instructions by allowing cash withdrawal of  INR20.00 lakh after banking hours, without approval of Board of Directors and non-reporting of Suspicious Transaction report (STR) to Financial Intelligence Unit-India (FIU-IND).

Monday, July 13, 2015

Has Safe ePayments Boosted Bahubali Collections? Over 165 Cr(USD 26,000,000/-)

          During the last couple of days, majority of movie-goers all over India flocked to the nearest theatre.  Bahubali-The Beginning was the magnet which attracted the movie-goers.

Baahubali's Blockbuster Beginning: Over 100 Cr(USD 15,770,000.00)  in Opening Weekend

11 Safe ePayments Boosters for these phenomenal collections:

01)  Release in 4000 theatres world-wide.

02) Simultaneous release in Telugu and Tamil and dubbed into Hindi, Malayalam and French languages.  

03) Online Booking enabled the movie-lovers to check the tickets availability from the comfort of their homes.

04) Online booking enabled the movie-lovers to book the tickets at normal rates, instead of purchasing in black at the theatres.

05) Online booking enabled the movie-lovers to simultaneously book back-to-back shows.
06) Online booking enabled the movie-lovers to opt for Group Bookings to view the movie along with their Teams/Family members.

07) Online booking enabled a large number of Senior Citizens (Including MY DAD AND MOM) to comfortably book the movie tickets at a theatre of their choice.

08) Online booking tool enabled the Shri S S Rajmouli to take the decision to release the movie simultaneously in India, U.S.A, Canada and Dubai.

09) Online booking safeguarded the movie-goers from Fake Tickets!!

10)  Online booking saved the time and money of movie-goers as they avoided the physical strain of running from theatre to theatre for the cinema tickets.

11)  Online booking enabled the movie-goers to book to opt for advance booking

Extract from Wikepedia:
Box office
Baahubali: The Beginning grossed around 165 crore (US$26 million) in its first weekend from all versions worldwide.

Baahubali: The Beginning had a huge opening with 100 per cent occupancy in Andhra Pradesh and close to 70 per cent occupancy in Tamil Nadu, Kerala and Karnataka.
It grossed around 50 crore (US$7.9 million) on its first day of release in India from all four versions (Telugu, Tamil, Malayalam and Hindi).
The Hindi version earned around 4.25 crore (US$670,000) nett which was the second highest opening for any film dubbed into Hindi.
The Hindi version grossed around 19.50 crore (US$3.1 million) nett in the first weekend.
The Telugu version alone earned around 65 crore (US$10 million) nett in first weekend in India. The film, from all its versions, earned almost 100 crore (US$16 million) nett in its first weekend. It had the fourth biggest opening weekend ever in India.

The film collected around 20 crore (US$3.2 million) in it's first day from the international markets. In the United States and Canada, it earned US$1.2 million in its opening day from 236 theaters (170 of which were shown in Telugu). The film opened on the ninth spot for its weekend, collecting around US$3.5 million with a per-screen average of $15,148.