Pragati Capital is now updated with Digital Gold

01 Blog 15 Nov Main

Gold is one of the oldest commodities we trade in, a precious metal that hasn’t lost its value over many centuries and it hardly ever will. A metal with intrinsic value that is a crucial part of daily lives to the economic stability of the country. We all invest in gold. Some hope to earn profits and some purchase it intentionally as an asset of value.

We at Pay1 are quite aware of the importance of gold in the investment scenario. Keeping that in mind we have launched Digital Gold in Pragati Capital. At just a touch of a button, the retailer can help the customer buy gold at the amount feasible to the customer. The minimum amount that the customer can invest in gold is just Rs 1, this gives our network an opportunity to promote the service better and also streamline the investments. As with any of our service the retailer earns commission on the first amount the customer invests.

There are numerous features of Pragati Gold that retail and customer can benefit from,

  • Minimum Investment value is just Rs. 1
  • Invested gold can be delivered to your doorstep
  • The gold is stored in absolutely secured and safe locker
  • The more the customer invest the more the retailer earns
  • Real-time tracking of profits and investments

02 Blog 15 Nov Features

The digital gold feature has amped up the usage of Pragati Capital. Today, a Pragati retailer has numerous options to gain financial independence via the Pragati platform. This update will help our retailers get more footfalls and increase the capabilities of the platform in Hinterlands. Digital gold because of its ease to access is a process-friendly service in which the user just has to add their Pan Card detail to start investing. Due to this the traction for the service in tier 2 and tier 3 market is already on the rise.

A hassle-free way to gold investment

  1. Open the Pragati Capital App – Click on “Gold”
  2. Register the customer’s detail and the OTP
  3. Type the price the customer wants to invest in gold

03 Blog 15 Nov Screenshots

As with any service in Pragati Capital, the digital gold creates opportunities to expand the potential of the Pay1 retailer. With Pragati Capital and multiple service updates lined up. A Pay1 shop today is a literal one-stop shop.

Diwali brings amazing earning opportunities to our ‘Offline Retail Network’

Blog post 6 nov

The festival of light proclaims prosperity and success, it brings an atmosphere of growth where every business tries their best to cash in on the festive season and grow. Our business model being symbiotic the only way for us to grow is when our agents and network upgrade and earn more income during the festivals. Keeping that in mind we already have launched gamut of services that will equip and enable our retailers and help them secure their future and give them opportunities to grow.

Diwali begets the rise in online sales of apparels and electronics. A traditional offline retail shop normally suffers a lot due to not being able to compete with the online organised retail platforms. Today we prefer online platforms not because we get offers which normally are just a marketing tool to attract more customers but mainly because of the convenience of payment, EMI options and home deliveries. The rise of digital payments has changed the buying behaviour of customers, especially in urban and semi-urban areas. This brings together opportunities for the companies to track, monitor and analyse a person’s buying habits. Online retail forestalls the growth of offline in many ways but the tide is about to change.

A Pay1 retailer today can provide the same if not more services; by being a part of the Pay1 platform the merchant gets access to various services that help them help their customers avail better services. We are at a point where today if a merchant becomes a Pay1 merchant he/she will take the transactions entirely digital, avail personal loans or sell mutual funds and insurance and become a travel booking agent, provide mini atm services point or sell high end and in-demand products including mobile phones or mobile accessories at a competitive market price we have already written about this here. The hybrid of offline reach and the online retail market is how the retail sector in India is going to evolve. Online does not guarantee reach-ability but our platform does to our retailers/partner companies. We have created a perfect hybrid by taking the best from both the worlds and moulded it into a scalable Pay1 merchant platform.

This festive season, especially for the Pay1 retailer, has become profitable and it will continue to be so considering that we have only just begun. As we have mentioned before the retail market will evolve when the online and offline retail work together, the digital business integrated into the offline unorganised market has not only helped develop the Pay1 retailers but also the market they operate in.

This Diwali has been extremely good, to see our merchants progress the way they have and also some couple of service launches especially Digital gold’s which has been integrated on the Pragati platform. There are more services that are going to be launched soon which will bridge the gap between Offline and Online e-commerce retail market.

How being a start-up employee engagement becomes extremely crucial

2 nov blog main

Life at a start-up is dynamic, sometimes chaotic and muddled. Every day presents new challenges that the employees tackle efficiently and effectively. Running through a week piled up with work is taxing and as the weekend nears the office animates with the weekend plans. But for any company to function right it becomes necessary for start-ups like us to keep their employees engaged. The word ‘engagement’ for us means a lot more than team building activities. It is a constant process that includes creating a supportive work environment and pushing the boundaries of work by constantly challenging the employees and giving them opportunities to learn.

We are very proud of our employee retention rate which is almost 100%, there are things we follow to keep that rate consistently high.

1) Flat organisation

Keeping the employees involved in the decision making process and giving each and every employee a considerable chunk of responsibility critical to the functioning of the company is how we define our work environment. We hardly have any layers within the organisation. The employees are given the utmost freedom to experiment creatively and technically during the development phase of the product.

2) Promoting synchronisation

A ship sails smoothly on the seas only when the crew does their duty effectively and in sync with each other. The development of a product, marketing and sales are only effectual when the team is synchronised to the goal. The teams meet regularly to list out the intricacies that follow the development, marketing and how we can tackle the same.

3) Celebrating the smallest of things

A birthday celebration or a team lunch party or celebrating farewell’s with our interns, we celebrate the smallest of the things in the company. There are days when a mountain of work piles up, but there are also days when we wallow in downtime.

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4) Making best use of the time and resources

In a start-up resources are scarce and time scarcer, we have to make sure that the work that we plan for a certain week does not spill into other. We aim to reach checkpoints weekly before reaching our monthly goals.

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5) It is not always about work

We go for company picnics, revel in Garba celebrations and participate in carom tournaments. We believe in working hard but when it comes to occasions as such we don’t hold ourselves back.

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A company functions right when the employees are enthusiastic and dedicated towards the work and the vision the company aims to achieve. In a microwork environment of a start-up employee recognition also plays an important role, it is the peers within the team that inspire each other. Pay1 has a conducive work environment, the employees here are extremely passionate about their work and are eager to learn more and deliver better every time they come to work.