A mobile wallet may offer discounts but allows transactions of limited amounts. And, while a bank app or internet account allows larger transactions, it might be less convenient
'Modi was in as sweet a spot as is possible for an Indian prime minister in mid-term.' 'Why, then, did he plunge into this massive disruption?' 'The answer,' argues Ashok Malik, 'lies in a single word: Belief.'
The hacking group say they will release information on those who help mask the rich.
A Nielsen report found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai.
'These are interesting days for watchers of English cricket and central banking,' points out Amol Agrawal.
iPhone, which accounts for just 3% of sales in India's 100 million-plus annual smartphone market, plans to partner an existing player
While most others have not been able to replicate the WeChat model successfully, experts expect Jio to be able to score on its 300 million plus new mobile phone users.
The prime minister said youths should be made "ambassadors" of the Union government's public welfare works and good governance.
2017 saw the highest-ever mobilisation by way of IPOs of close to Rs 700 billion. The momentum is expected to continue this year as well.
Addressing the students of the Royal University of Bhutan in Thimphu, Modi asked them to work hard and take the Himalayan nation to great heights.
Tokenisation acts as an additional layer of security as it masks sensitive card data such as the 16-digit account number, expiry date and security code. However, the security level of the app and the customer's mobile itself also needs to be taken into consideration, say experts. Nikhat Hetavkar explains the whole idea of tokenisation, how it is enabled, its impact on card transactions and related security guidelines.
'The absence of cyber security framework for ATMs is like a dream come true for hackers.'
In a filing with the US Security and Exchange Commission on Friday, Walmart said it would allow the initial public offering of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
Flipkart eyes another $500 mn from eBay, which seeks to merge India ops with it and exit business
He told them wryly that he can do a lot of things but cannot be present in the Houses on their behalf.
While Zee managed single-digit growth in revenue, HT Media's income dipped marginally, reports Urvi Malvania/Business Standard.
The regulator said that it is vested within its purview to regulate the bank account for payment systems and the settlement systems are finally posted in the books of account of banks with the RBI to attain settlement finality.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
Bob van Dijk, chief executive officer of Naspers, is now betting on companies in food tech, payments, travel and other consumer sectors to tap the potential of the Indian market.
Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar enabled payment.
The announcement comes on the first anniversary of the project.
While GST and insolvency laws are among the major achievements of the Modi government, the list of failures include demonetisation, toxic banks, manufacturing hiccups and most prominently bizarre job creation figures. Mihir S Sharma takes a look at the four years of Modi government.
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
New age technology will reshape India's future.
Anupam Pahuja, General Manager for Technology at PayPal Asia-Pacific in Singapore tells us what makes a successful start-up different from an average one.
Increase of 10% to 12% likely in a bid to improve citizens' mood after demonetisation.
"Our agenda is to fight for a country free of corruption and black money. But their agenda is to close (disrupt) Parliament...I am puzzled," Modi said.
Watal panel had suggested an independent payments regulator be set up.
Did you know that India is among the top five countries in food processing?
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Mobile internet penetration has grown thanks to affordable data costs, investments in content and evolution of monetisation avenues
Flipkart has seen 33 per cent growth in past 6 months despite slowing e-commerce business and stiff competition from Amazon.
Budget forces last minute change in finance minister's plans.
She also challenged him to a public debate 'without a handwritten script' over his criticism of the Modi government.
Tripti Rai explains the unique features of Bharat Interface for Money (BHIM) app developed by the National Payment Corporation of India.
Here's the full text of President Ram Nath Kovind's address to the nation on the eve of 71st Republic Day.
Fifty-six months on, the government's record in implementing these schemes and projects has been mixed, report Arup Roychoudhury and Indivjal Dhasmana.
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
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