One Wallet , a first of its kind application that lets one pay their
newspaper bills online, allows vendors to manage their customers and
process all their transactions online has proven to be a boon for newspaper vendors
in India. Apart from seeking a leading position in the industry, One
Wallet is well on its way to make an impact so big that it forever
changes the way the newspaper industry works. It strives to digitize the
otherwise conservative industry and provides a common platform for
management, automated bill generation and payment collection to the
vendors. With the launch of the application in November 2015, for the
first time in over 2 centuries of the industry’s history, vendors are
equipped with technology and are collecting their bills online.
Founder and CEO One Wallet – Neeraj Tiwari
Mr. Neeraj Tiwari, the founder of One Wallet
has always been fascinated with technology and wanted to use technology
for the benefit of the overburdened unorganized businesses. He was
struck with the idea of developing One Wallet Newspaper app when he
found his newspaper vendor at his doorstep as late as 9:30 PM for bill
collection. He was determined to do something for the benefit of such
businesses by giving them access to technology and helping them adapt to
it. Further, through One Wallet’s in-house research, he found that
around Rs. 5000 crore worth of bills are distributed and collected
manually by 6 lakhs newspaper vendors in India.
Since the
launch of the app in November 2015, 1500 vendors are registered with the
application and around 50,000 households are connected to pay their
bills online. The application once installed on the newspaper vendor’s
mobile phone generates bills automatically within seconds, which
earlier use to take around 15-20 days to reach his customers. As soon as
the bill is generated it is sent to customer’s android Smartphone,
through SMS, email and consumer application to facilitate online bill
payment. In this digital age, the application aims to minimize vendor’s
paperwork and helps them run their business and expand. One Wallet has
tied up with 134+ newspaper publishers to procure paper prices and also
provide important updates to the vendors. The vendors would no more have
to keep a track of all the prices of the newspapers manually.
Team One Wallet
By
December 2016, One Wallet aims to connect with 50000+ newspaper
vendors. Realizing that this is the best time for fresh and radical
thinking, they have secured a patent to digitize the coupon subscription
system and are in a process to launch the same in the next 2 months.
Through this feature, the vendors can avoid the frequent losses incurred
by them through loss of physical coupons. The vendors won’t have to
visit the publisher’s office to encash the coupons. Processing of
coupons will be done online, thus saving time and energy of the vendors
to a great extent. The coupon delivery and coupon payment time will be
reduced to 5 minutes and 24 hours respectively. They are currently
operating in Mumbai and intend to cover the entire state of Maharashtra
by July 2016.
In the current millennials driven ‘Startup’ era
One Wallet seems to do something that others have not even thought of.
With such vast unorganized market left untapped, it looks like they are
heading in the right direction.
www.onewallet.in
