Saturday, Nov 2 2024 | Time 23:19 Hrs(IST)
image
Business Economy


Paizatto, India’s first ever DRM Mobile App launched



Chennai, Sep 2 (UNI) Paizatto - India’s first ever Digital Referral

Marketplace (DRM) today launched a Mobile App that connects

vendors and consumers through a dedicated Mobile Application.

Jayantilal J Challani, President, The Jewellery and Diamond Trader’s

Association – Madras, AM Vikrama Raja, President - Tamil Nadu Vanigar

Sangankalin Peramaippu, D Venkataraman, Retail Head - Southern Region,

Retailers Association of India and KT Srinivasa Raja, Managing Director,

Adyar Ananda Bhavan2B India Pvt. Ltd launched the Mobile App at a

media conference held here.

Paizatto App is the first-of-its-kind app developed by Opalyte Services

Private Limited, a start-up based out of Chennai.

It is the first digital solution brand toward its mission of becoming an

aggregator of aggregators in the ever-evolving market. It stimulates

the shopping experience for essential goods in the best possible way

as it has a unique Earn Back Program for the consumers for every

purchase they do.

Most apps or UPI payment options give customers cashback in terms of

vouchers, cashback coupons and app points. These have little value and

are not useful for the customer.

Upon any purchase or payment, customers are flooded with coupons

which they never use. However, in Paizatto’s revolutionary Earn Back,

customers earn back money with every purchase. The app also facilitates

second and third-tier shop owners to grow their businesses.

Speaking at the launch event, Vikrama Raja said “I am glad that Paizatto

launched this App in Namma Chennai. Since the arrival of online stores

and super stores, small vendors have struggled to retain customers. I believe

Paizatto App stimulates the shopping experience for essential goods through

its unique Earn Back Program. The Earn Back system cultivates customer loyalty

and increases sales through repeat customer footfall. Also, Paizatto’s marketing

support for the vendor in the digital marketing space and the analytics helps

them to get more insights on sales.”

Explaining the simple process of free registration to create more walk-ins to the

shops and earn more money, Deepak H, Founder and Director of Paizatto said

“We are glad to be the first company to bring DRM to Chennai and we will expand

to every district of Tamil Nadu soon."

Paizatto can be used in all categories of shopping except for certain sensitive and

banned items, he said, adding, Paizatto is also tested and audited in all UPI platforms

and our collaboration with the leading Fintech banks like ICICI Bank and IDFC Bank

makes Paizatto safe in digital transactions”

Elaborating further Vijay Lodha, Co-Founder said “Paizatto is the only company to

give real Earn Back and not just accumulating points. Besides getting Earn Back for

every purchase at the Paizatto affiliated stores through the dedicated QR code,

consumers also earn money through a referral network, when the referred friends

or relatives make a purchase."

Paizatto App also updates the consumers with products and offers from the nearby

stores and instant delivery, based on the value of purchase through the stores. We

are looking at 50,000 affiliated stores / 10, 00, 000 consumers in the first year and

triple it in the second year.” he added.

UNI GV 1913

More News

Mahindra’s Farm Equipment Sector records highest-ever tractor sale during Oct 2024

01 Nov 2024 | 11:17 PM

Kolkata, Nov 1 (UNI) Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, on Friday reported highest-ever tractor sale of 64,326 units in India during October 2024.

see more..

Sensex surges 335 06 pts at Muhurat Trading

01 Nov 2024 | 8:24 PM

Mumbai, Nov 1 (UNI) The BSE Sensex on Friday rallied 335.06 pts at
79,724.12 in a special Muhurat trading session, marking the beginning of the Hindu Calender year (samvat 2081).

see more..
Sensex jumps 634 pts

Sensex jumps 634 pts

01 Nov 2024 | 7:01 PM

Mumbai, Nov 1 (UNI) The BSE Sensex on Friday spurted 634 pts to 80,023.75, marking the beginning of Hindu Calender year (samvat 2071).

see more..

TVS register highest ever monthly sales in Oct

01 Nov 2024 | 6:39 PM

Chennai, Nov 1 (UNI) Two and three wheeler makers TVS Motor Company recorded monthly sales
of 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023.

see more..

Partha Pratim Sengupta takes charge as MD & CEO of Bandhan Bank

01 Nov 2024 | 5:49 PM

Kolkata, Nov 1 (UNI): Partha Pratim Sengupta took charge as Managing Director and CEO of Bandhan Bank on Friday, the lender announced.

see more..
image