Categories: State News

IIT Madras startup launches ‘mooPay’ for dairy farmers in Rajasthan

The IIT-Madras incubated dairy-tech startup, “Stellapps” has launched a first-of-its-kind, fully-automated direct payment platform, ‘mooPay’, for dairy farmers in Rajasthan. The Digital technology solutions provider Stellapps is a first of its kind end-to-end dairy technology solutions company of India. It is also one of the technology pioneers of the World Economic Forum (WEF).

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

About “mooPay”:

  • mooPay is a payment gateway for dairies and dairy farmers where the dairy officials can transfer milk payments digitally to member farmers from the dairies’ existing bank account to farmers’ savings bank account.
  • Directly depositing payments in farmers’ bank accounts will help enhance farmer savings and will also build farmer loyalty to the dairy.
  • This will remove the risks and costs of transferring money in cash to hundreds of thousands of farmers in hundreds of villages.

Important takeaways for all competitive exams: 

  • Stellapps CEO: Ranjith Mukundan
  • Stellapps headquarters: Bengaluru, Karnataka.

Find More State In News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Leave a Comment
Share
Published by
Sumit Arora
4 years ago

Recent Posts

NTPC to Establish Nuclear Power Project in Bihar, Says CMD Gurdeep Singh

NTPC, a leading power giant in India, has unveiled its plans to set up a…

4 mins ago

Tata Power and Canara Bank Partner for Rooftop Solar Loans

Tata Power Renewable Energy, a unit of Tata Power, has formed a partnership with the…

33 mins ago

ICICI Bank, Times Internet Launch Premium Metal Credit Card

ICICI Bank and Times Internet have launched the ‘Times Black ICICI Bank Credit Card,’ a…

2 hours ago

RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance

Reserve Bank of India (RBI) imposed penalties on IndusInd Bank and Manappuram Finance for failing…

2 hours ago

CCI Approves UltraTech’s ₹3,954 Cr India Cements Deal

UltraTech Cement, a flagship company of the Aditya Birla Group, has secured approval from the…

2 hours ago

Indian States with Highest Number of Road Accidents

India faces a significant problem with road accidents, with certain states reporting higher numbers than…

2 hours ago