Latest news with #Livemint
Mint
a day ago
- Business
- Mint
Livemint and OneBanc join forces to deliver premium financial content to India's white-collar workforce
Livemint, one of India's leading business and financial news platforms from HT Media Ltd., has partnered with OneBanc, a payroll-integrated neobank serving salaried professionals, to bring premium financial content directly into the daily lives of India's white-collar workforce. The partnership combines Livemint's trusted journalism with One Banc's embedded finance ecosystem to deliver smart content as a smart benefit, enhancing employee experience, financial literacy, and professional awareness in one unified experience With digital CAC rising 40–60% and subscriber churn nearing 30% (Source: Bain & Company, Digital Consumer Trends Report, 2024), premium content platforms are under pressure to find cost-efficient, context-driven acquisition models. India's white-collar workforce, estimated at 85–100 million professionals (Source: CMIE & ILO 2024) spends over ₹ 6,200/year on mobile subscriptions, financial tools, and learning platforms (Source: Kantar Digital Lifestyles India, 2024). In fact, leading subscription platforms spend an estimated ₹ 1,200– ₹ 1,800 crore annually on acquiring users within the 'India A' urban segment, digitally savvy professionals with high intent and discretionary income (Source: Redseer & BCG India Subscription Economy Report, 2024). 'Livemint's readers are high-intent professionals who value trusted content,' said Amrendra Shukla, Vice President of Growth and Digital Subscriptions, HT Digital. 'With OneBanc, we're not just scaling reach we're doing it with relevance reducing CAC while delivering precision access to India's most valuable segment.' India Inc. spends an estimated ₹ 9.6– ₹ 11 lakh crore annually on employee benefits, based on average benefit spends of ₹ 1.2 lakh per employee across a formal workforce of 8–9 crore salaried professionals (Sources: NASSCOM Strategic Workforce Insights 2024; CII HR Benchmarking Report 2023). The total benefit cost per white-collar employee typically ranges from ₹ 75,000 to ₹ 1.2 lakh/year, including wellness, tax-saving tools, learning reimbursements, and insurance top-ups (Source: Mercer India Benefits Outlook, 2024). Yet a large portion of these benefits remains underutilized due to low awareness, fragmented access, and complex claim processes. For example, according to various internal estimates only 12–18% of employees claim the ₹ 5,000 Books & Periodicals allowance under the old regime. Less than 25% avail learning reimbursements of up to ₹ 15,000– ₹ 25,000. Corporate wellness budgets ( ₹ 10,000– ₹ 18,000) often go unused due to lack of personalized delivery and employee visibility (Source: Deloitte Total Rewards Survey, 2024) This partnership helps tap that untapped value by embedding financial content into salary accounts and reimbursement journeys personalized, contextual, and friction-free. 'CXOs today urgently demand solutions that automate backend processes especially those with employee touchpoints,' said Vibhore Goyal, Founder of OneBanc. 'Over ₹ 25,000 per employee is lost annually in administrative costs, ₹ 6,000 in errors and missed claims, and another ₹ 2,300 in compliance-related overheads. In the absence of automation, creating a truly personalized, high-trust employee experience becomes nearly impossible.' 'Our mission is to solve that. We're embedding financial clarity into everyday workflows boosting utilization, improving compliance, and delivering real return on employee experience.' For corporates, the cost of replacing a mid-level employee ranging from ₹ 7 lakh to ₹ 9 lakh makes retention and engagement a strategic imperative (Source: Aon India Salary & Attrition Study, 2024). OneBanc's platform acts as an HR-GPT layer, delivering automated, compliant, and personalized employee journeys across payroll, reimbursements, tax optimization, and now content. Financial wellness is no longer a perk it's a strategic advantage. The macro shift is underway: Trust-based, embedded ecosystems are outperforming ad-driven funnels in both retention and employee NPS. 'This isn't about bundling subscriptions. Premium content deserves premium context. This partnership will be a benchmark, as AI-led personalization redefines the workplace."
Mint
a day ago
- Business
- Mint
International payments made easy for Indians as Paypal integrates with UPI - How will it work?
Livemint Published 23 Jul 2025, 01:55 PM IST International payments made easy for Indians as Paypal integrates with UPI - How will it work?
Mint
a day ago
- Business
- Mint
India to resume issuing tourist visas for Chinese nationals from July 24 after five-year hiatus: Report
Livemint Published 23 Jul 2025, 11:29 AM IST Mint Image India will resume issuing tourist visas to Chinese citizens from July 24 this year, its embassy in China said on Wednesday, the first time in five years, reported Reuters
Mint
2 days ago
- Climate
- Mint
Earthquake Today: Magnitude 3.2 tremor hits Faridabad, Haryana
Livemint Published 22 Jul 2025, 06:45 AM IST Mint Image Earthquake Today: An earthquake with a magnitude of 3.2 on the Richter Scale hit Faridabad, Haryana, today at 6.00 am IST, informed National Center for Seismology
Mint
4 days ago
- Sport
- Mint
R Praggnanandhaa outclasses world no.1 Magnus Carlsen twice in three days; later bows out of Freestyle Chess Grand Slam
Livemint Published 20 Jul 2025, 06:24 PM IST R Praggnanandhaa is one of the chess prodigies from India. R Praggnanandhaa showed his class against world no.1 Magnus Carlsen after the Indian defeated the Norwegian chess grandmaster in the opening game of the Freestyle Chess Grand Slam in Las Vegas. According to the 19-year-old Indian chess prodigy got better of Carlsen 1-0 in the opening game, playing with the white pieces.
