I was just browsing through this
Reserve Bank of India URL @ https://rbi.org.in/scripts/publicationsview.aspx?id=12043
and this name caught my attention:-
“Hip
Bar Private Limited”.
Curious, I Googled ‘HipBar’, and got
these results
This innovation can be directly attributed
to Government of India’s thrust on Safe Digital Transactions. With digitisation
picking up, innovators are looking forward to rollout specialised Mobile
Wallets. HipBar Mobile Wallet is an
early entrant in this space.
HipBar has gone through the whole
process to become a semi-closed Pre-Paid Wallet and be governed by the Payments
& Settlements Act of 2007
Semi-Closed PrePaid Instruments facilitate CashLess transactions
amongst merchants part of the closed loop. These instruments do not permit cash
withdrawal or redemption.
As per the description on HipBar
website, “HipBar is a mobile wallet exclusive for drinks (We don't like using
the 'B' word). Explore an assortment of drinks and experiences from your favourite
watering holes and liquor stores in the city. Pre-pay for the drinks (at
special rates) through the app and stock 'em in your very own Bar On The
Cloud™. Happy Stocking !”
Operating
concept::
01) HipBar invites Watering Holes management to
sign-up for HipBar Wallet and display their merchandise.
02) HipBar also invites general public to
download HipBar App and reserve the merchandise displayed by the participating
merchants.
03) Registered consumers of HipBar can redeem
their purchases as and when they visit the respective Watering Holes.
04) No, door delivery of Drinks is not on the
immediate agenda, as door delivery of drinks is not yet legally permitted.
HipBar
has just started and is gaining traction day-by-day.
The HipBar App is attracting mixed
reviews. The common thread amongst the reviews is on the limited choice!!
The concept of HipBar was formally unveiled
in October 2015 by Prasanna
Natarajan, founder of Hipbar .
Read this article on HipBar @ http://techstory.in/hipbar/
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