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Tag: India
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Understand the New UPI Transaction Fees and Who Will Bear the Cost?
It has been announced that Unified Payments Interface (UPI) transactions will now cost more. This has left many people wondering who will pay for these charges and what the fees will be. In this article, we will explore the details of these changes and what they mean for consumers and businesses.
Firstly, let’s understand what UPI is. UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI). It allows users to transfer money from one bank account to another without the need for traditional banking information like account number and IFSC code. UPI has gained significant popularity in India due to its ease of use and convenience.
Now, coming to the changes. The NPCI has announced that starting from April 1, 2023, UPI transactions will incur a fee of a 1.1% on UPI merchant transactions exceeding Rs 2,000 per transaction. The interchange fee will be levied only on specified merchant transactions of above Rs 2,000. This fee will be charged to the payment service providers (PSPs) who facilitate the transactions, and they will have the option to pass on the charges to the end-users or absorb them themselves.
This means that consumers and businesses using UPI may have to pay additional fees for their transactions. The fees may seem small, but they can add up, especially for businesses that deal with a large volume of transactions. The decision to pass on the fees to the end-users will be at the discretion of the payment service providers, and some may choose to absorb the charges themselves to remain competitive in the market.
However, it’s worth noting that these charges are not unprecedented. Other payment systems like the Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT) already charge fees for their transactions, and UPI was initially introduced as a free payment system to encourage its adoption.
So, who will pay for the charges? It depends on the service provider and their business models. If they choose to pass on the fees to the end-users, consumers and businesses will have to bear the additional costs. However, if the payment service providers absorb the charges themselves, there may be no impact on the end-users.
UPI transactions will now come with a small fee starting from April 1, 2023. The fees will be charged to the payment service providers, who will have the option to pass on the charges to the end-users or absorb them themselves. While this may increase the cost of using UPI, it’s important to remember that other payment systems already charge fees for their transactions. Consumers and businesses should keep an eye on their transaction costs and choose payment service providers that offer the best value for money.
Here are some frequently asked questions about UPI transactions
- Ques: What is UPI?
Ans: UPI stands for Unified Payments Interface. It is a real-time payment system developed by the National Payments Corporation of India (NPCI) that allows users to transfer funds between bank accounts instantly using a mobile device.
- Ques: How does UPI work?
Ans: To use UPI, you need to download a UPI-enabled mobile app and link your bank account(s) to it. Once your account is linked, you can use the app to send and receive money, pay bills, and make other transactions. To make a transaction, you simply enter the recipient’s UPI ID or bank account details, enter the amount, and confirm the transaction.
- Ques: Is UPI safe?
Ans: Yes, UPI is considered a safe and secure method of payment. UPI transactions are encrypted and require a PIN or biometric authentication to complete. Additionally, UPI uses two-factor authentication to ensure that only authorized users can access the system.
- Ques: Are there any fees for using UPI?
Ans: Most banks and UPI-enabled apps do not charge fees for UPI transactions. However, some apps may charge a fee for certain types of transactions, such as bill payments or merchant transactions.
- Ques: What are the transaction limits for UPI?
Ans: The transaction limits for UPI depend on the bank and the app you are using. Most banks and apps have a daily transaction limit of Rs. 1 lakh per day for UPI transactions.
- Ques: Can UPI be used for international transactions?
Ans: No, UPI is currently only available for domestic transactions within India.
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The third unicorn just launched their new Crickpe application
The New Contender in the World of Fantasy Cricket Apps
Cricket is more than a sport; it’s a passion, particularly in India. Cricket passion has reached new heights in recent years, resulting in a surge in demand for cricket-related applications. Crickpe is one such entrant that has been making waves in this competitive field. Crickpe was founded by The Third Unicorn and is led by Ashneer Grover, the visionary entrepreneur behind BharatPe, India’s premier finance business, and co-founder Aseem Gharvi. This blog dives into the world of cricket, its inception, and its extraordinary path to becoming a cricket fan’s paradise.
The Birth of Crickpe
Under the dynamic leadership of Ashneer Grover, Crickpe, a promising cricket-centric application, sprang onto the scene. Grover is no stranger to the world of entrepreneurship as the founder and CEO of BharatPe. He and Aseem Gharvi envisioned an app that could satisfy the voracious desires of cricket fans. Crickpe was thus born.
Features That Set Crickpe Apart
Crickpe is more than just another cricket app; it’s an immersive experience for fans. Here are some standout features that make it unique:
- Live Scores and Match Updates: Crickpe keeps you on the edge of your seat with real-time scores and match analyses. Whether you’re following an international game or a local showdown, this app has you covered.
- Fantasy Cricket Leagues: One of the app’s standout features is the ability to create your own dream cricket team. Users can select their favorite cricketers and pit their teams against others in fantasy leagues. It’s a chance to test your cricketing knowledge and strategy.
- Availability: Crickpe is accessible to a wide audience, with versions for both Android and iOS devices. This inclusivity has contributed to its rapid rise in popularity.
Crickpe’s Explosive Growth
Since its birth, Crickpe has taken the cricketing world by storm. The software gained over 1 million registered users in its first week alone. Such quick expansion demonstrates the sport’s popularity among cricket fans. Ashneer Grover’s reputation as a serial entrepreneur, as well as his ability to interact with customers, have surely contributed to Crickpe’s success.
A Peek into the Future
Crickpe is poised to become India’s go-to fantasy cricket app as it continues to grow. It has been a fan favourite due to its user-friendly layout, engaging contests, and alluring awards, including cash rewards. The app’s future looks good with Ashneer Grover at the helm, and it’s sure to establish a position for itself in the extremely competitive world of fantasy cricket.
How to Get Started with Crickpe:
- Playing Crickpe is as simple as it is enjoyable. Here’s a step-by-step guide:
- Download the Crickpe app from your preferred app store, whether it’s the App Store or Google Play.
- Create an account and sign in, providing your details.
- Choose a cricket match you’d like to participate in.
- Assemble your fantasy team by selecting your favorite players.
Join a contest of your choice, and let the games begin!
Crickpe is more than just an app; it’s a cricket fan’s dream come true. It has swiftly become a force to be reckoned with in the fantasy cricket market, thanks to its real-time updates, immersive fantasy leagues, and thrilling awards. Crickpe has reached unparalleled heights thanks to Ashneer Grover’s vision and entrepreneurial expertise, making it a must-try for cricket fans of all ages. So, if you love cricket and are seeking a new way to participate in the game, Crickpe is the app for you. Download it now to embark on an exciting cricket adventure!
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Physics Wallah : Empowering UAE’s Education System with Innovative Learning Solutions
Physics Wallah is an online education platform founded by renowned physics teacher Alakh Pandey in 2011. Over the years, the platform has gained immense popularity in India for providing high-quality education to students preparing for various competitive exams. In recent years, Physics Wallah has expanded its operations to the United Arab Emirates (UAE), with a view to providing quality education to students in the Middle East region. In this article, we will discuss Physics Wallah’s UAE expansion and their business insights.
Physics Wallah’s UAE expansion is a significant step towards fulfilling the company’s vision of providing quality education to students worldwide. The company has set up a dedicated team in the UAE, comprising qualified teachers and staff members, to cater to the educational needs of students in the region. The company offers online classes for physics and chemistry subjects for students in grades 9 to 12, along with competitive exam preparation courses.
The company has adopted an innovative approach to delivering its courses in the UAE. Physics Wallah’s courses are delivered through an interactive online platform that allows students to access study materials and attend live classes from the comfort of their homes. The online platform also offers students the flexibility to study at their own pace, which is particularly useful for students who are preparing for competitive exams.
Physics Wallah’s Business Insights
One of the key business insights of Physics Wallah is its emphasis on using digital platforms to reach out to students. The platform’s website and mobile application have been designed to provide students with easy access to educational content. The platform leverages the power of technology to create a user-friendly interface and provide an interactive learning experience to students. This approach has been instrumental in making Physics Wallah a successful brand in India, and the platform has replicated the same model in the UAE.
Also, Physics Wallah is focused on delivering high-quality content. The platform has a team of experienced educators who prepare the study material, video lectures, and tests. The content is regularly updated to ensure that it is relevant to the latest curriculum and examination patterns. The platform’s commitment to quality has been instrumental in creating a loyal user base in India, and it is replicating the same in the UAE.
Courses offered by Physics Wallah
Physics Wallah offers a wide range of courses in science and mathematics for students in India. Some of the courses offered by Physics Wallah include:
- Physics
- Chemistry
- Mathematics
- Biology
- Science for Class 9th and 10th
- JEE Main and Advanced
- NEET
- AIIMS
- Olympiads
These courses are available in both English and Hindi and can be accessed through the Physics Wallah website, mobile app, and YouTube channel. The courses are designed to help students understand complex concepts in a simplified manner and prepare them for competitive exams.
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Exploring the Excellence of National Law University, jaipur
National Law University Jaipur: Where Future Legal Eagles Take FlightNestled amidst the vibrant pink city of Jaipur, Rajasthan, shines a beacon of legal excellence: the National Law University Jaipur (NLUJ). Established in 2008, NLUJ has quickly soared to become one of India’s premier law schools, churning out sharp legal minds ready to tackle the complexities of the modern legal landscape.
Sharpening Young Minds: NLUJ isn’t just about textbooks and lectures. Here, students dive deep into a dynamic curriculum that blends theoretical knowledge with practical skills. Mock trials come alive in spacious courtrooms, while moot court competitions pit bright minds against each other, honing their argumentation and research skills. Renowned professors, many practicing lawyers themselves, guide students through the intricacies of various legal fields, from criminal justice to environmental law.
Beyond the Courtroom: Life at NLUJ isn’t all about briefs and case studies. The campus hums with vibrant energy, fueled by diverse student clubs and activities. Debate teams clash in spirited competitions, budding entrepreneurs unleash their ideas in business conferences, and cultural events showcase the talents of students from across the country. Whether it’s volunteering for social causes or organizing film screenings, NLUJ students leave their mark not just on the legal sphere but on the wider community as well.
A Gateway to Success: NLUJ’s reputation precedes it. Top legal firms and corporations eagerly recruit its graduates, offering them exciting opportunities to put their skills to the test. From courtroom battles to corporate boardrooms, NLUJ alumni are shaping the future of law across India and beyond.
NLUJ isn’t just a law school; it’s a launchpad for aspiring legal eagles. It’s a place where dreams take flight, fueled by exceptional academics, a supportive community, and a commitment to excellence. So, if you’re looking to make your mark on the world of law, look no further than National Law University Jaipur.
In a nutshell:
- NLUJ is a top law school in India, offering a dynamic curriculum and practical skills training.
- Its diverse student body thrives in a vibrant campus environment with strong academic and extracurricular opportunities.
- NLUJ graduates are highly sought-after by top legal firms and corporations, paving the way for successful careers.
Remember, NLUJ’s story is still being written, and you could be a part of it!
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Transform Your Career with NMIMS (Narsee Monjee Institute of Management Studies) Unique Learning Experience
Fuel Your Future: Navigating the Career Cosmos with Narsee Monjee Institute of Management Studies (NMIMS)
Aspiring business leaders, listen up! If you’re craving an education that catapults you into the stratosphere of professional success, look no further than the Narsee Monjee Institute of Management Studies (NMIMS). This powerhouse of knowledge, established in 1981, has blossomed into a multi-campus, globally recognized university renowned for its industry-focused curriculum, cutting-edge learning methods, and exceptional placement opportunities. Here, within the vibrant walls of NMIMS, you’ll embark on a transformative journey, molding yourself into the business mastermind you dream of becoming.
A Stellar Constellation of Courses
Unlike a celestial tapestry with merely a few dazzling stars, NMIMS offers a galaxy of programs catering to diverse career aspirations. Whether you’re drawn to the allure of finance, the dynamism of marketing, or the intricate dance of data analytics, you’ll find your perfect orbit at NMIMS. Here’s a glimpse into the dazzling constellation:
- Master of Business Administration (MBA): The quintessential management degree, NMIMS’s MBA programs come in various flavors, each specializing in areas like finance, marketing, human resources, operations, and entrepreneurship. Dive deep into case studies, hone your leadership skills, and emerge equipped to conquer the corporate world.
- Master of Commerce (M.Com): Sharpen your financial acumen with NMIMS’s M.Com programs, specializing in subjects like finance, accounting, and taxation. These programs equip you with the knowledge and skills to navigate the complex world of business finance, making you a sought-after asset in any organization.
- Master of Science (MSc): Delve into the fascinating realms of data with NMIMS’s MSc programs in Finance, Marketing, Business Analytics, and Data Science. Master the art of interpreting numbers, predicting trends, and extracting actionable insights, positioning yourself as a data-driven leader in the digital age.
- Master of Arts (MA): Unleash your inner communicator with NMIMS’s MA programs in communication management, advertising, and public relations. Hone your language skills, craft compelling narratives, and master the art of influencing audiences, becoming a powerhouse in the world of communication.
Beyond the Courses: A Universe of Experiences
NMIMS isn’t just about textbooks and exams. It’s about holistic development, nurturing not just your academic prowess but also your personal and professional skills. Here are some of the experiences that await you:
- Industry Immersions and Internships: Gain invaluable real-world experience through internships with top companies, putting your classroom knowledge into practical action.
- Global Exchange Programs: Broaden your horizons and gain international exposure through exchange programs with reputed universities around the world.
- Entrepreneurial Initiatives: Spark your inner innovator and explore the exciting world of startups through NMIMS’s entrepreneurial hubs and incubation centers.
- Active Clubs and Committees: Get involved in a vibrant student community, hone your leadership skills, and build lifelong friendships through participation in clubs and committees catering to diverse interests.
Launching Your Career Rocket
As your journey at NMIMS culminates, the dedicated career services team ensures a smooth transition into the professional world. With personalized guidance, CV workshops, career fairs, and industry connections, you’ll blast off into your dream career with a confidence-boosting rocket pack.
Investing in NMIMS is an investment in your future. It’s a passport to a galaxy of opportunities, a launchpad for your leadership ambitions, and a catalyst for your professional success. So, are you ready to chart your course and embark on this transformative journey? Contact NMIMS today and fuel your future with the power of knowledge and experience.
Fees: Setting Sail with an Accessible Course Chart
Investing in your future is paramount, and NMIMS acknowledges this by offering a wide range of fee structures that cater to diverse needs and aspirations. While the specific fees vary depending on your chosen program and campus, here’s a general overview:
Program Tuition Fees (Annual) MBA ₹4 lakhs – ₹12 lakhs M.Com ₹2 lakhs – ₹8 lakhs MSc ₹3 lakhs – ₹10 lakhs MA ₹2 lakhs – ₹6 lakhs Please note: These are approximate figures, and it’s recommended to visit the NMIMS website for the latest fee structure for your specific program and campus. Remember, the universe of professional success awaits you at NMIMS. Take the first step, and start writing your own stellar career story!
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How to Avoid a Climate Disaster: Bill Gates’ Gift his new book to Ratan Tata
Pic Source : Twitter Bill Gates, the co-founder of Microsoft and one of the wealthiest people in the world, recently gifted a copy of his new book, “How to Avoid a Climate Disaster,” to Ratan Tata, the former chairman of the Tata Group and one of India’s most prominent business leaders. The book, which was released earlier this year, lays out Gates’ vision for addressing the climate crisis and provides practical solutions for reducing carbon emissions.
The meeting between Gates and Tata took place recently and was widely covered by the Indian media. While the details of their conversation are not known, it is likely that the topic of climate change and environmental sustainability was discussed, given Gates’ recent focus on these issues.
In “How to Avoid a Climate Disaster,” Gates argues that the world needs to reduce its carbon emissions to zero in order to prevent the worst effects of climate change. He lays out a plan for achieving this goal, which includes investing in clean energy technologies, developing more efficient transportation systems, and promoting sustainable agriculture practices.
Gates has been a vocal advocate for action on climate change for many years, and has been working to promote clean energy and sustainability through his philanthropic foundation, the Bill and Melinda Gates Foundation. In recent years, he has also become more involved in climate-related investing, with a particular focus on technologies that can help reduce carbon emissions.
Tata, for his part, has also been a strong advocate for environmental sustainability, and has been working to promote clean energy and reduce carbon emissions through his own business ventures. Under his leadership, the Tata Group has invested heavily in renewable energy, and has also launched several initiatives aimed at promoting sustainable practices across its various business units.
The meeting between Gates and Tata is a notable example of two of the world’s most prominent business leaders coming together to discuss a critically important issue. With the climate crisis becoming more urgent by the day, it is heartening to see that leaders like Gates and Tata are working to promote solutions that can help address this global challenge.
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Ghazal & Varun Alagh: The Entrepreneur of the Year Who Made Mamaearth Shine!
Ghazal Alagh, the co-founder of Mamaearth, has been named the Entrepreneur of the Year by the Economic Times Awards for Corporate Excellence. The award recognizes Alagh’s contributions to the Indian startup ecosystem and her role in transforming Mamaearth into one of the country’s leading personal care brands.
Ghazal Alagh founded Mamaearth in 2016 along with her husband, Varun Alagh. The company was created with the aim of providing safe and natural personal care products for mothers and babies. Today, Mamaearth has grown to become one of India’s leading personal care brands with a range of products that includes baby care, skincare, hair care, and wellness products.
Alagh’s entrepreneurial journey began with the birth of her first child. She struggled to find safe and natural personal care products for her baby and realized that there was a gap in the market for such products. With this realization, she decided to create a brand that would cater to the needs of mothers like herself.
Mamaearth’s success can be attributed to Alagh’s vision and her commitment to creating safe and natural products. The brand has a strict no-harm policy, which means that it does not use any harmful chemicals in its products. This has helped Mamaearth earn the trust of millions of customers across India.
Under Alagh’s leadership, Mamaearth has grown rapidly and has been able to attract funding from leading investors such as Sequoia Capital, Fireside Ventures, and Stellaris Venture Partners. The brand has also expanded its reach beyond India and is now available in several countries, including the United States and the United Kingdom.
Alagh’s success as an entrepreneur has been recognized by several awards and accolades. In addition to the Entrepreneur of the Year award, she has been named among Forbes India’s 30 Under 30 and has been recognized as one of Fortune India’s 40 Under 40.
Alagh’s journey as an entrepreneur is an inspiration to aspiring business owners across the country. Her commitment to creating safe and natural products and her focus on building a brand that customers can trust have set a new benchmark for the personal care industry in India. With her vision and leadership, Mamaearth is poised to become one of the world’s leading personal care brands.
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KanjoosKart.in : The Upcoming E-Commerce Shopping Website
Online shopping has become a staple in our daily lives, and with the emergence of new e-commerce websites, the competition to provide the best services is at an all-time high. KanjoosKart.in is an upcoming e-commerce shopping website Kanjoos Kart that aims to revolutionize the online shopping experience by offering quality products at affordable prices, combined with exceptional customer service.
The name KanjoosKart.in itself suggests that the brand caters to the needs of the thriftiest of shoppers. The website aims to offer a variety of products at prices that are pocket-friendly, without compromising on quality. With a wide range of products from different categories like electronics, fashion, home decor, and more, KanjoosKart.in has something for everyone.
One of the unique selling points of KanjoosKart.in is their emphasis on customer service. The website is designed to be user-friendly, with easy navigation, and a smooth checkout process. Additionally, the brand has a dedicated customer support team that is available round the clock to assist customers with any queries or issues they may face. This commitment to customer service has helped the brand establish a loyal customer base that trusts them for their shopping needs.
KanjoosKart.in also offers a range of payment options to make shopping more accessible and convenient for its customers. The website supports multiple payment methods, including credit/debit cards, net banking and more. This flexibility in payment options ensures that customers can shop comfortably and securely.
Another significant advantage of shopping at KanjoosKart.in is their commitment to delivering products on time. The website has tied up with reliable logistics partners to ensure that orders are delivered promptly and efficiently. Customers can track their orders in real-time and receive updates on their delivery status, ensuring a hassle-free shopping experience.
In conclusion, KanjoosKart.in is an upcoming e-commerce shopping website that is set to revolutionize the online shopping experience. With their emphasis on affordability, quality, and exceptional customer service, the brand is well-positioned to capture a significant share of the e-commerce market. If you’re looking for a website that offers quality products at affordable prices, with excellent customer service, KanjoosKart.in is the website to watch out for.
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Laxmi Deewan Fragrances: A Prominent Name in the Fragrance Industry
The fragrance industry has seen immense growth over the years, and Laxmi Deewan Fragrances is a company that has made a name for itself in this competitive market. The company has been providing customers with high-quality fragrances for over a decade and has built a loyal customer base that trusts the brand for its authenticity, quality, and consistency.
The company has a diverse range of products that cater to different consumer needs, such as Essential Oil, Fragrance’s & Flavors for B2B Market. The brand has a wide range of fragrances, from floral to woody and spicy notes, and offers products for all the relevant industries.
The company’s commitment to quality is evident in the raw materials used in their products. They use only the finest ingredients to create their fragrances, ensuring that the end product is of the highest quality. The brand also has a team of experienced perfumers who work tirelessly to create unique and captivating fragrances that set them apart from their competitors.
Laxmi Deewan Fragrances has also made a significant impact in the market by creating affordable fragrances that don’t compromise on quality. The brand understands that fragrance is an essential part of an individual’s personal care routine and should be accessible to everyone. Therefore, they offer affordable products without compromising on quality, ensuring that everyone can experience the pleasure of wearing a pleasant fragrance.
One of the most significant advantages of choosing Laxmi Deewan Fragrances is their exceptional customer service. The brand has a team of trained professionals who are always ready to assist customers with their queries and provide them with the necessary information about their products. This dedication to customer satisfaction has helped the brand establish a loyal customer base that continues to trust them for their fragrance needs.
Laxmi Deewan Fragrances is a company that has made a mark in the fragrance industry with its commitment to quality, affordability, and exceptional customer service. The brand’s range of fragrances caters to different consumer needs, and their team of experienced perfumers ensures that their products are of the highest quality. With their focus on creating affordable fragrances that don’t compromise on quality, Laxmi Deewan Fragrances has become a brand that is trusted by many. If you’re looking for a fragrance that is unique, high-quality, and affordable, Laxmi Deewan Fragrances is the brand to choose.
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Holiday Knock: a friend in your travel ( A place to fulfill all your travel needs )
Holiday Knock travels is one of the leading travel companies providing all types of travel solutions. Like Domestic Tours, International Tours, Family Tours, Honeymoon Tours, Adventure Tours and Weekend Getaways, Holiday Knock Travel Services also takes pride in dealing in Groups and Corporate Tour packages.
Groups and corporate tour packages offered by Holiday Knock are the best choice among corporate houses. They organize group tours for corporate at not only domestic but also several international destinations. Our wide team of travel advisors handles group movements in a very skilled manner and provides all the services end-to-end as scheduled, managing domestic and international Corporate Tour
One of the key features of Holiday Knock is its focus on customer service. The company’s team of travel experts is available 24/7 to answer any questions or concerns that customers may have. From helping to plan itineraries to booking flights and hotels, the team at Holiday Knock is committed to ensuring that every aspect of the travel experience is seamless and enjoyable.
Another aspect that sets Holiday Knock apart from other travel companies is its emphasis on customization. Rather than offering cookie-cutter packages, the company works with customers to create personalized itineraries that cater to their unique needs and interests. Whether it’s a romantic getaway or an adventurous family vacation, the team at Holiday Knock will work to create a travel experience that exceeds expectations.
In addition to its focus on customer service and customization, Holiday Knock also places a strong emphasis on responsible travel. The company works with local partners to promote sustainable tourism practices and minimize the impact of travel on the environment. This includes partnering with eco-friendly hotels and supporting local conservation initiatives.
Holiday Knock is an excellent choice for anyone looking to plan a stress-free and personalized travel experience. With a focus on customer service, customization, and responsible travel practices, the company has established itself as a leader in the travel industry. So if you’re looking to embark on your next adventure, consider working with Holiday Knock to make your travel dreams a reality.