Mayank Jain

All stories by Mayank Jain

SC verdict on Aadhaar puts private firms in a spot

SC verdict on Aadhaar puts private firms in a spot

Rediff.com27 Sep 2018

There is some hope for these companies, with Finance Minister Arun Jaitley saying there was a need for legislative backing for private companies that were using Aadhaar. Adding that a careful reading of the judgment is required, Jaitley said this could be "temporary".

What is drowned out in all the euphoria over India Post banks

What is drowned out in all the euphoria over India Post banks

Rediff.com7 Sep 2018

Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.

How India Posts trained its postmen into bank officials

How India Posts trained its postmen into bank officials

Rediff.com1 Sep 2018

Each postman has undergone a three-tier training process, after which they were evaluated by the National Institute of Banking and Finance and given certificates.

Will UPI in a new avatar make digital payments safer?

Will UPI in a new avatar make digital payments safer?

Rediff.com17 Aug 2018

Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.

Angry directors mull legal action as Aadhaar is made mandatory

Angry directors mull legal action as Aadhaar is made mandatory

Rediff.com8 Aug 2018

The MCA notification lays down a deadline of August 31 for the fulfillment of the KYC requirements

Do you have Aadhaar helpline number in your phone contact list?

Do you have Aadhaar helpline number in your phone contact list?

Rediff.com3 Aug 2018

French hacker Elliot Alderson had earlier pointed out UIDAI helpline (1800-300-1947) could just be "the tip of the iceberg", hinting there could be additional data or trackers on Indian phone manufacturers' devices.

Privacy over RTI? Srikrishna suggestion leaves activists worried

Privacy over RTI? Srikrishna suggestion leaves activists worried

Rediff.com30 Jul 2018

While noting there needed to be a balance between the two fundamental rights, the Srikrishna panel stated there was an inherent conflict. "However, disclosure of information from public authorities may lead to private harms being caused. It is thus important to recognise that, in this context, there is a conflict of fundamental rights, between transparency and privacy," the report stated.

NEET data of 2.5 lakh students compromised: Who's responsible?

NEET data of 2.5 lakh students compromised: Who's responsible?

Rediff.com20 Jul 2018

A company claims to run ads on Facebook where students are encouraged to provide their details to get help from career counsellors.

Fake videos: Kalyan Jewellers claims to have lost Rs 500 crore

Fake videos: Kalyan Jewellers claims to have lost Rs 500 crore

Rediff.com13 Jul 2018

The firm has blamed a section of unnamed competitors as well as maleficent parties

Your personal data is once gain up for grabs!

Your personal data is once gain up for grabs!

Rediff.com12 Jul 2018

Indian firms caught napping as private details of individuals were leaked

Investors going beyond wallet businesses into last mile solutions

Investors going beyond wallet businesses into last mile solutions

Rediff.com21 Jun 2018

Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn

Citizens group moots stiff penalty for privacy violation

Citizens group moots stiff penalty for privacy violation

Rediff.com12 Jun 2018

A group of lawyers and activists want India's privacy law to ensure that autonomy, dignity and privacy are safeguarded, and proposes a penalty provision of up to Rs 10 million for those found violating the code and a jail term extending up to three years or a combination of both. Mayank Jain reports.

Setback for Airtel payments bank over Aadhaar linked KYC

Setback for Airtel payments bank over Aadhaar linked KYC

Rediff.com11 Jun 2018

Experts contend that this setback, even if temporary, could put the company at a disadvantage to its competitors in acquiring new customers.

IPL boosts fantasy sports apps' appeal

IPL boosts fantasy sports apps' appeal

Rediff.com9 Jun 2018

Betting as a function of pure luck is banned in the country, but games of skill with monetary stakes are not.

Indian customers are biggest victims of banking frauds

Indian customers are biggest victims of banking frauds

Rediff.com30 May 2018

One of every four people in the 27-37-year age group, the most prolific in using digital banking apps, reported a fraud in the past year

Digital transactions increase but branch banking lives on

Digital transactions increase but branch banking lives on

Rediff.com24 May 2018

'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'

Sound-based payments likely to be introduced as part of UPI

Sound-based payments likely to be introduced as part of UPI

Rediff.com16 May 2018

National Payments Corporation of India is currently in the process of testing sound-based payments with three companies: PhonePe, ToneTag and UltraCash.

Lax attitude towards data security could cost India Inc dear

Lax attitude towards data security could cost India Inc dear

Rediff.com14 May 2018

A large number of large and small businesses process EU data, have customers from the EU or have access to data of EU citizens in one way or another.

Why banks are speeding up loans, credit card approvals

Why banks are speeding up loans, credit card approvals

Rediff.com11 May 2018

'The payment revolution is happening in India.'

After initial euphoria, payments banks find the going tough

After initial euphoria, payments banks find the going tough

Rediff.com5 May 2018

Currently, only three have completed more than six months of operation in the space - Fino Payments Bank, Airtel Payments Bank and Paytm

1.57 bn accounts but are Indians saving in banks?

1.57 bn accounts but are Indians saving in banks?

Rediff.com26 Apr 2018

Now, 83 per cent males and 77 per cent females have formal bank accounts but they are hardly using them

E-toll collection on highways hits the fast lane

E-toll collection on highways hits the fast lane

Rediff.com23 Apr 2018

The project, anchored by National Highways Authority of India in partnership with National Payments Corporation of India, is gaining momentum, with big banks such as ICICI and non-bank entities like Paytm have also entered the arena.

Firms irked by RBI's order to store payments data in India

Firms irked by RBI's order to store payments data in India

Rediff.com20 Apr 2018

While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space

Is RBI's decision to ban cryptocurrencies correct?

Is RBI's decision to ban cryptocurrencies correct?

Rediff.com19 Apr 2018

Anthony Pompliano, general partner at Morgan Creek Capital Blockchain in the Silicon Valley, shares his views on cryptocurrencies with Mayank Jain in an email interview.

Private players face glitches in Aadhaar authentication and e-KYC

Private players face glitches in Aadhaar authentication and e-KYC

Rediff.com5 Apr 2018

E-KYCs and Aadhaar authentication are of crucial importance to the fin-tech companies as the recent RBI instructions require strict KYCs for these players to function in the market.

Convictions in atrocities on SC/STs a measly 25.7%, 20.8%

Convictions in atrocities on SC/STs a measly 25.7%, 20.8%

Rediff.com4 Apr 2018

Cases of atrocities on scheduled castes increased from 45,000 in 2014 to 40,800 2016. Cases of atrocities on scheduled tribes went from 11,451 in 2015 to 6,568 in 2016.

3 weeks after launch date, Aadhaar's virtual ID yet to roll out

3 weeks after launch date, Aadhaar's virtual ID yet to roll out

Rediff.com23 Mar 2018

The 16-digit randomly generated number by the Aadhaar system was supposed to be introduced by the UIDAI on March 1 and mandatorily deployed by companies using Aadhaar by June 1.

'Identity theft is the biggest threat from Aadhaar'

'Identity theft is the biggest threat from Aadhaar'

Rediff.com19 Mar 2018

Over the past few weeks, an anonymous person, claiming to be a French mobile app developer, has been using his Twitter account to flag security concerns in the Aadhaar system. Recently, the account released a video showing a hack into the Aadhaar application (app). The Unique Identification Authority of India has maintained that Aadhaar remains safe and secure. Mayank Jain spoke to Robert Baptiste, the man behind the Twitter account called 'Elliot Alderson', to understand the way forward for citizens to keep their information safe.

'Aadhaar-like database for hospitals soon'

'Aadhaar-like database for hospitals soon'

Rediff.com15 Mar 2018

Kunnal Prem, chief executive officer of the Insurance Information Bureau of India, tells Mayank Jain on what they're doing.

Don't have Aadhaar? Use 0s, 1s instead to file taxes!

Don't have Aadhaar? Use 0s, 1s instead to file taxes!

Rediff.com8 Mar 2018

Those people without the Aadhaar number have found a loophole in the system