1. Now use your meal coupons digitally using QR Codes

Now use your meal coupons digitally using QR Codes

NiYO Solutions Inc has introduced NiYO canteen solution for their corporate customers. Through this solution, employees can use their meal coupons digitally at their canteens through their NiYO cards and Niyo app. To enable this, NiYO has installed POS machines, NFC tags and QR codes at canteen counters of corporates which are their customers.

By: | Published: May 16, 2017 5:23 PM
NiYO is a multiple wallet card which acts as a one stop solution for food, medical, fuel, travel, phone and various other tax exempt benefits.

NiYO Solutions Inc has introduced NiYO canteen solution for their corporate customers. Through this solution, employees can use their meal coupons digitally at their canteens through their NiYO cards and Niyo app. To enable this, NiYO has installed POS machines, NFC tags and QR codes at canteen counters of corporates which are their customers. Niyo expects this solution to reach 1 million employees in the next 2 years. At present, the solution is up and running in various IT parks and tech villages in Bangalore, like Global Tech Village, RMZ Eco Space and Manyata Tech Park.

Mentioned below are the benefits of the NiYO Canteen Solution:

Benefits for employers
Easy to customize food allowance for tax benefits
Easy to distribute food allowance
Complete coverage (accepted at all POS/Online)
Single point solution for all employee benefits

Benefits for employees
Complete flexibility of usage with tax benefits
Acceptability at office canteen
Complete coverage (accepted at all POS/Online)
Ease and convenience of usage
Option to pay from desk and collect food when in a hurry- helps avoid long queues

Benefits for vendors
Choice of accepting payments by machine/QR code
No installation fees- POS machines installed by NiYO
No monthly charges
Better queue management

NiYO is a multiple wallet card which acts as a one stop solution for food, medical, fuel, travel, phone and various other tax exempt benefits. NiYO aims to revolutionize the payroll market with a new age banking-grade solution that will effectively give salaried Indians a pay raise of up to 10%. With the support of disruptive platforms such as Aadhaar and the Unified Payment Interface (UPI), NiYO will enable its customers to control their finances in real-time, on their fingertips. All this while ensuring a transparent, compliant and efficient process for employers. NiYO has also filed multiple product and process patents in this space.

NiYO has recently introduced the NiYO Payroll Solution for employees working in SMBs. The solution comprises of a corporate portal for salary disbursal, payroll card to receive salary and spend on ATM/POS/Online and a mobile app to track transactions and do basic banking functions like fund transfer etc. The Payroll solution has been launched by NiYO to curb the problem of distributing cash to daily and monthly wage earners in these industries. Since demonetisation, NiYO has seen a 500% increase in demand for the solution and has already signed up more than 100 SMBs.

NiYO has also partnered with H&R Block, the biggest consumer tax filing company in India, to revolutionise the tax planning experience for salaried individuals. Under this partnership, H&R Block along with NiYO provide the “HRB-NiYO Employee Benefits Solution” that makes it easy for organizations to help employees through the complete tax cycle. The partnership brings forth a first-of-its-kind technology that makes tax saving and filing completely digital. It starts from the moment the employees receive tax-free allowances as part of their monthly salary.

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