In an effort to take on cab aggregators like Ola and Uber, the Bangalore Taxi drivers are coming together to create their own platform, Namma TYGR. The new platform is backed by the ex Chief Minister of Karnataka and leader of Janata Dal (secular) H.D. Kumaraswamy.
The taxi drivers initiative was launched on Saturday and it already has about 10,000 drivers on its roster. Out of the 10,000 drivers, 5,000 are already active and the new cab service provider has already attracted a lot of interested members.
Competing with Ola and Uber will not be easy for Namma TYGR. However, in an attempt to set themselves apart from Ola, Namma TYGR also offers rides at affordable rates. Namma TYGR provides Hatchback services starting at Rs. 12.50 per km, Sedan at Rs. 14.50 per km and SUV at Rs. 18.50 per km. Like Ola, they will also have outstation and rental services soon.
TYGR’s charges are almost double of what Ola and Uber offer. This is primarily due to the fact that this new competition does not have any major financial backup. However, unlike Ola and Uber, TYGR’s rates are fixed, with no surges during peak times.
TYGR drivers are also given a host of benefits as opposed to Ola and Uber drivers. Better profit margins, insurance cover for families, textbooks for their children, healthcare including accident and life cover and car maintenance. Currently functioning in Bangalore, Mumbai, Kolkata, Ranchi and Indore, TYGR is also planning to expand to Kota and Bhubaneswar as well.
Ola and Uber have been receiving a lot of flak in the past couple of months because of a bunch of reasons, customer negligence being one of the main concern. TYGR’s launch comes at a good time and poses a real threat to these popular cab aggregators. What remains to be seen is the longevity and sustainability of TYGR and whether it will be able to take on deep pocketed investors like Softbank.
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How To Use WhatsApp Payments Feature In India
WhatsApp the online messaging service launched their payments feature on Sunday. The United Payment Interface, UPI platform, is now live on the iOS as well as on Android devices. It is interesting to note here, India is the first country in the world to get this feature! So far, this feature has only been made available in the beta version and will soon be made available in the updated versions.
With the introduction of the payments option, WhatsApp has become more than just a messaging service. The newly rolled out payments feature lets users transfer money to their WhatsApp contacts through the app. By introducing this feature, these UPI based payments feature is squashing all competition and other online wallets in India. Further, this feature also allows users to transfer money directly from their bank accounts to anyone instantly.
WhatsApp payments option is now available in two places on the app, settings option and below the attachment icon when you open a particular chat. It is very similar to other mobile wallets like Paytm, Mobikwick and Tez. However, WhatsApp payments app as of now does not support payment option for merchants. This feature can only be used for bank to bank money transfer.
* The foremost factor that the sender should keep in mind is that user’s WhatsApp number should be the same as the number linked to the bank account along with UPI option activated.
* Before using the payments feature the sender and the receiver must ensure both their phones have the latest WhatsApp version.
Is The Cryptocurrency And Bitcoin Era Over?
Cryptocurrencies saw a sudden rise in the recent times. At present, there are atleast ten popular digital currencies that are ruling the virtual currency industry, with Bitcoin standing on the top. However, despite reaching a high valuation of $ 20,000 in December, the value of Bitcoin dipped by more than 50 % on Friday.
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