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What Will Happen to Your Mobile Wallets if You Don’t Complete Your KYC?
The mobile wallet users of Paytm, MobiKwik, Freecharge, Amazon Pay, PhonePe, OLA Money and others will not be able to use their mobile wallets to transact from now if the KYC is incomplete. As per the new RBI guidelines, the digital wallets…
WhatsApp Refuses SEBI’s Request For Data Access; Allows Messages To Be Deleted Until 1 Hour!
World’s largest messaging app: WhatsApp has straightway refused to share details about their users to market regulator SEBI. This is unprecedented in nature because Securities and Exchange Board of India (SEBI) is the foremost market…
Paytm Becomes India’s Largest UPI Transactions Platform!
Digital payment transactions are estimated to be worth Rs 12,568 crore in the country at the moment, and Paytm has been a major contributor. The recent integration of UPI into Paytm Wallet has worked wonders for both UPI and Paytm. Paytm…
Warren Buffet Beats Bill Gates In Hurun Rich List; India Ranked #3!
The much-awaited Hurun Rich List for 2018 is out, and there are some interesting insights. India is now world’s 3rd biggest country in terms of billionaires, as 31 new billionaires were added, taking the total of 131. Meanwhile, Microsoft…
Govt. Planning Internodal Stations At 15 Cities; Rail, Bus, Waterways & Taxis At One Place!
In a massive infrastructural push for decongesting urban locations, Govt. of India is planning to create internodal stations across 15 cities. Internodal Stations are hubs, wherein passengers can access trains, bus, taxis, rapid transit…
RBI Assures Wallet Money Can Be Used Without KYC; But Refuses To Extend Deadline!
In case any mobile wallet like Paytm user hasn’t completed the KYC or Know Your Customer process, then the money remaining in the wallet shall be left immobilized. This was as per the strict KYC rules formulated by RBI last year.
Bal Aadhaar Launched; It Is Blue And Doesn’t Have Biometric Identification!
UIDAI has declared that Bal Aadhaar will have no biometric identification, like Iris scan or fingerprint scans. However, once the kid crosses 5 years of age, then a regular Aadhaar would be issued, which will have the biometric details.
Calamity Strikes Punjab National Bank, Again: Sensitive Data Hacked!
Punjab National Bank has once again found themselves on the wrong side of the news. After a massive scam of Rs 11,000 crore, hit them last week, they are now facing a data hack, quite serious in nature. It seems everything is going wrong…
Paytm Insurance Is Coming Soon; Paytm Introduces It Own Credit Score!
In the last few years, India's largest digital payments startup Paytm has diversified its business into multiple segments by integrating several products to its platform in the process. The expansion continues and Paytm has now incorporated…
Cable TV Via Digital Set Top Box Is Still Winning Against DTH In India (Report)
As per the replies received from the sample audience, set-top boxes are clearly more preferred. While 53% of the respondents shared that they watch TV via digital set-top boxes, 47% preferred DTH.
ModiCare Will Now Have Aadhaar-Like Platform; Delhi To Ditch Aadhaar For Ration Distribution!
ModiCare, which has been declared as world’s largest healthcare system will now have an Aadhaar-like identification platform, which will make it the world’s largest such healthcare IT platform. In a related news, AAP-led Delhi Govt. has…
The Future Of Indian Retail: 7 Interesting Highlights From Industry Leaders!
Indian retail is one of the fastest growing industries in India and contributes massively to the Indian growth story. By 2020, the industry is expected to reach the $1.1 trillion mark, and right now contributes 10% to the country’s overall…
The IT Outsourcing Trends That Will Rule In 2018!
According to a Technavio report titled ‘IT Outsourcing Market 2018-22’, the global outsourcing market is likely to grow at a CAGR of 5.84% till 2019. Organizations across the world are adopting software-defined infrastructure and showing a…
Strict RBI KYC Rules Can Immobilize 90% Of Digital Wallets In India Next Month!
In October last year, Reserve Bank of India had issued strict guidelines for digital wallet operators in India and gave them a deadline of year-end to comply with KYC norms for all users. The deadline was later extended until February 28.
Walmart & Flipkart To Open Retail Stores In India; Amazon Should Be Worried!
The Indian e-commerce space is becoming fiercely competitive day by day. and it is looking like intensifying further after reports came in that Walmart is in talks with Flipkart to acquire around 30-35 percent stake in the homegrown…
Paytm’s Secret Experiment: Lock Money Added Via Credit Card, And Stay Silent!
Recently, it was revealed that Paytm has started a ‘secret experiment’, without informing the users about it. As a result, several of the users’ money was locked and converted it into gift vouchers. Some users who added money into Paytm…
Apple Grabs 51% Of Global Smartphone Revenues; Samsung Sales Touch Rs 58K Cr In India!
Some interesting numbers have come in, regarding the financial reports of some of the largest gadgets and mobiles companies, all over the world. While world’s most valuable tech company Apple has once again proved why they are world’s #1,…
India, UAE Ditch US Dollar; Sign Pact To Trade In INR & Dirham Directly!
In a historic decision, India and UAE have decided to stop using US Dollars for all trade-related activities and directly trade in INR and Dirham, which is the official currency of UAE. Businesses involved in export & import of goods…
5 E-Commerce Challenges And How You Can Overcome Them!
Over a 100 million Indian consumers shop online every day making India a host to some of the largest e-commerce marketplaces. This is the width of the impact e-commerce has had on Indian businesses thus far. However, there are many…
Following JioFiber, Jio’s DTH Service Expected To Be Launching Soon!
Reliance Jio is working on a number of services other than its own telecom operations, and the latest reports hint at the launch of its long-awaited JioFiber FTTH broadband service in the country. The company is also reportedly working on…