SBI, Hitachi Group to bring digital payment platform in India via JV

The JV will provide comprehensive suite of payment options to customers and merchants focussing on areas such as roll-out of a nationwide card acceptance infrastructure, quick response (QR) code acceptance, Unified Payment Interface (UPI), mass transit sector and e-commerce businesses.

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Mandatory data localisation could hurt India’s GDP growth: Broadband India Forum

The panel felt that having to store vast amounts of data within the country, whether exclusively or as a copy, would have an adverse socio-economic impact on innovation, information and technology access, and trade.

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Aeris, IIT BHU to launch Internet of Things – Centre of Excellence

Noida: Aeris, a technology player in the Internet of Things (IoT) said it has collaborated with Malaviya Centre for Incubation, Innovation and Entrepreneurship (MCIIE) and Indian Institute of Technology (BHU), Varanasi to establish a state-of-the-art ‘Internet of Things – Centre of Excellence’ (CoE) on the IIT BHU campus. All entities aim to jointly address the pressing need in India to develop workers’ skills, accelerate innovation and increase entrepreneurship in emerging technologies like IoT. “The relationship between MCIIE and Aeris will allow IIT BHU students and entrepreneurs to work more efficiently…

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Korean startup True Balance among the first few startups to come to India

New Delhi: Born2global, a Korean government agency under the Ministry of Science & ICT, chose Balance Hero India as a successful fintech Korean startup in India. True Balance is one of the first fintech Korean Startups to set up business in India in 2014 and spearheading this initiative of the Korean government. Balance Hero, the parent company that launched True Balance, India’s leading balance and data management app. The company with 50 million plus downloads and a data backed approach is intending to bring a revolution and create “finance for…

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Public Wi-Fi to contribute $20 billion to India’s GDP by 2019: Analysys Mason

Bangalore: Public Wi-Fi can play a key role in driving ubiquitous connectivity and digital inclusion in India, as explored in an Analysys Mason study — ‘Accelerating connectivity through public Wi-Fi: Early lessons from the railway Wi-Fi project’, published today. Despite fast increases in number of people connected (316 million at the end of 2017, compared to 200 million the previous year), mobile broadband penetration in India stood at only 31% at the end of 2017, still significantly behind many of India’s peers. The report, prepared through the lens of Google…

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