A one stop shopping app TATA Neu will be launched by the Tata group soon. Various types of online shopping products will be available on this app, including consumer’s daily needs like grocery items ticket booking smart headphones.
The launch of Tata Neu, the super app of the Tata Group, has been announced. This will be a one stop super shopping app, which will be launched in the competition of Jio Mart and Amazon. Having said this, companies like Amazon, Paytm and Reliance Jio have already made their super apps, where they sell payments, OTT app streaming, shopping, ticket booking, grocery items.
Tata Neu will be available for download from April 7
Tata neu app will be available for download for all on Google Play Store from 7th April. Currently, the Tata Neu app is available for download on the Google Play Store. But at present, only Tata employees will be able to use this app. Whereas from April 7 the tata Neu app will be available for everyone to use. Users who download the app will be given a variety of rewards as well as exclusive offers and benefits. The Tata Neu app will be a shopping app, from where users will be able to shop and make online payments with ease.
What is Tata Neu App
Everything from grocery items to gadgets and getaways will be available on Tata Neu. Users will also be able to make payments through the Tata Pay app on the Tata Neu app. In addition, users will get the option to make instant payments for online and in-store purchases and instant payments on the Tata App’s payments app. Not only this, users will be able to do things like manage their finances, calendar of holidays, booking food. One can pay using NeuCoins, cards, UPI, EMI and more across multiple Tata brand apps, websites and in-store.
In addition to allowing purchases and payments, the Neu will help offer financial services to users, the screenshots on the App Store listing of the app suggest. Tata has been working on Tata Neu for the last several months. It has been tested internally and shown to various experts in the industry for their feedback, people familiar with the development.
By bringing Tata Neu, Tata seems to make the competition tougher for Indian fintech companies including Paytm and MobiKwik as it has scale to grow the app using its offline retail channels. The company also has a strong base across segments that could help attract users at the initial stage.
There are opportunities to earn in Super App
Super Apps has created an ecosystem of globally essential services like Social Messaging, Digital Payments, Food Tech, E-mobility, Online Shopping, Payment Utility Bill. India’s consumer digital economy is expected to reach $800 billion by 2030. According to market research firm RedSeer, India’s online retail market is expected to grow by $350 billion in Gross Merchandise Value (GMV) in the next decade, or about 10 years.