Paytm’s Troubles Drive Indian Customers to Walmart, Google

Paytm’s Troubles Drive Indian Customers to Walmart, Google

Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using the country’s Unified Payments Interface (UPI) system fell 14% between January and February. Meanwhile, PhonePe, owned by Walmart and Google’s GPay, saw a respective 7% and 6% …

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Google Delists India Matrimony Apps: Dark Day for Indian Internet

Google Delists India Matrimony Apps: Dark Day for Indian Internet

Google has taken a decisive step by removing several matrimony apps in India amid a serious dispute over service fee payments. Notable platforms, including Bharat Matrimony, have been affected, leading to a strong reaction from Murugavel Janakiraman, the founder of Matrimony.com.  According to reports, Janakiraman referred to the incident as a “dark day of Indian …

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Space tech and computing power are helping tigers

Space tech and computing power are helping tigers

Tiger numbers have increased but their habitat is still shrinking (c)ANO WCS and Sikhote-Alin Biosphere Reserve Catherine Early 02/03/2024 11:00 3 min The programme uses Earth observation technology from NASA satellites and Google Earth Engine computing power with data such as from camera traps, sign surveys, and sightings of tigers to identify which landscapes need …

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Paytm Ends Some Agreements With Paytm Payments Bank

Paytm Ends Some Agreements With Paytm Payments Bank

Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank. The company said in a Friday (March 1) filing with the National Stock Exchange of India that its board of directors has “approved the discontinuation of various inter-company agreements with its …

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EU Mandates Instant Payments Availability

EU Mandates Instant Payments Availability

Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within 10 seconds, regardless of the date or time of day. …

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IIT-Mandi developing quantum computer that will use photons for faster calculations

IIT-Mandi developing quantum computer that will use photons for faster calculations

New Delhi: The Indian Institute of Technology, Mandi, is developing a first-of-its-kind indigenous room-temperature quantum computer that will use photons for faster calculations, according to officials. The computer, being developed as part of the National Quantum Mission, will be unique in its ability to analyse data and suggest solutions with 86 per cent accuracy without …

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Paytm Turning to Banks to Process UPI Transactions

Paytm Turning to Banks to Process UPI Transactions

Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India to process transactions though India’s popular unified payments interface (UPI), Reuters reported Monday (Feb. 26), citing two sources familiar with the matter. The news comes as …

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Truecaller brings call recording and transcription to India

Truecaller brings call recording and transcription to India

Image Credits: Truecaller Caller identity company Truecaller has launched its call recording and transcription for paid users in India, the company’s biggest market. The recording feature will be available to premium users on both Android and iOS, with support for English and Hindi transcriptions. In June 2023, the company introduced call recording for premium users …

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Wall Street high on AI euphoria

Wall Street high on AI euphoria

Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …

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RBI Aims to Help Establish New Banking Relationships for Paytm

RBI Aims to Help Establish New Banking Relationships for Paytm

The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel. The move is meant to enable continued operation of the Paytm app after RBI placed business restrictions on Paytm Payments Bank, RBI …

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