e-Business Winner – 2008


JiGrahak has come up with “ngpay”, India’s first and fastest growing end-to-end  mass market mobile commerce service.  Through ngPay  consumers – anywhere in India, using entry-level handsets, on any telecom network – can bank, pay bills, book tickets, make donations, shop, order food, and more – easily and securely – from a single place on their mobile handsets. Consumers can complete services with 45+ businesses across 9 sectors.   Consumers simply download a small application into their handset and complete a 3 step registration process (takes 1-2 minutes) before using ngPay. During registration, they will select a unique 6 digit password that is used for all transactions.  ngPay provides end-to-end multi-level security that has been certified by security firms and financial institutions.  Like an ATM card, users can   complete transactions when the password is coupled with the corresponding handset.  If handset is lost, a transaction cannot be completed.

With the growing mobile penetration, m-commerce is taking shape and consumers are being tapped for being served services including transactional. ngPay is one of such start-up which has put in faith in the possibility of integration of mobile, reach, services, payment and transactions, including ATM like experience. The ngPay user experience is easy, fast and secure. The mobile channel offers reach and convenience for completing electronic transactions that the PC has not been able to match till todays time.  Consumers can complete end-to-end transactions easily and securely from their mobile handset with businesses like travel, banking, entertainment, shopping, charity etc.

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Safal National Exchange of India Limited

Safal National Exchange of India Limited (SNX) is an initiative of National Dairy Development Board in collaboration with Multi Commodity Exchange of India (MCX) and Financial Technologies (India) Limited (FTIL). SNX is an electronic spot market which offers transparency and guarantees payment and delivery with quality for the benefit of sellers and the large number of buyers across the country, pursuing a vision of One India One Market. The exchange started operations in December   2007 and offers contracts in mango, onion, potato, tomato, grapes and banana which are being traded.   The exchange has 250 members, including 150 Self Help Groups and Farmer Associations that connect individual farmers.  The exchange has created an opportunity for farmers, even the small ones to get access to national markets.

Marketing of agriculture produce in the country is riddled with layers resulting in a long chain that lacks transparency. There is also limited option in terms of the buyers with whom a farmer can work through. SNX attempts to get the Farmers to negotiate the price for his produce with as few intermediaries as possible, which is also transparent. SNX is the first spot electronic exchange ever in the country, or possibly even outside. The vision of “One India One Market” is possible only because of the Internet reach and the ease of software that enables any with basic intelligence to manage trading on SNX.

Mother Dairy, MCX &
Financial Technologies India Limited

Safal National Exchange of India Limited

Karnataka, INDIA

91 80 25053000




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