NgPay: India’a Largest Mall on the Mobile
Every year, Geneva-based World Economic Forum (WEF) honours Tech Pioneers IT companies for their accomplishments as innovators of the highest caliber, and whose technologies will have a deep impact on business and society.
To make it to the elite list, a company must be involved in the development of life-changing technological innovation and play a positive impact on people’s lives.
Previous Technology Pioneers awardees, which have turned into today’s technology icons, include Google, Infosys, Mozilla Corporation and Nanosolar among others.
One of the two Indian IT companies in the list, JiGrahak provides “ngpay”, India’s first end-to-end, and mass market mobile commerce service. The Bangalore-based company was founded in 2003 by Sourabh Jain.
Ngpay is India’s Largest Mall on the Mobile Shop, Bank, Buy Tickets, Order Food, Pay Bills and more – easily and securely – from your mobile handset.
The company recently tied up with HDFC Bank to offer mobile banking services to the bank’s customers. The service enables HDFC customers to get account statements, enquire about cheque book requests, get fixed deposit enquiry and transfer fund to any HDFC bank account or non-HDFC bank holder using the ngpay platform.
Today, ngpay reportedly has 65 clients including with 230,000 users of the platform. The company claims about 40,000 are joining every month.