Tez is now Pay. Google’s UPI based payment app offers instant bank loan.

When PM Modi launched BHIM app which offers seamless fund transfers through UPI, global IT giants like Whatsapp and Google were quick to join the payment scenario. Google’s Tez became the most used UPI app beating BHIM. And this miracle happened as Google was paying Rs 51 for every first […]

Telangana partners with Tech Mahindra to build Blockchain District.

Blockchain in India

The Telangana State Information Technology, Electronics and Communication department (ITE&C) has signed a Memorandum of Understanding with the global digital technology provider Tech Mahindra to Launch India’s first Blockchain District in the state of Telangana. The popularity of blockchain has moved from cryptocurrency to business applications across many industries such as […]

NITI Aayog and Google join hands for efficient Artificial Intelligence ecosystem

Artificial Intelligence

To focus on training, hackathons, mentoring startups, and providing research grants, NITI Aayog and Google has signed State of Intent to work on a range of initiatives to help build the AI ecosystem across the country. The agreement was signed to this effect by Ms. Anna Roy, Advisor, NITI Aayog and […]

Robotic Process Automation to create 2 lakh jobs in India by 2021

RPA jobs India

Enterprises of today are challenged with the technological shift in the areas of business. To help businesses meet challenges, organisations are adopting technology and automation solutions to enable best-in-class Business Process Outsourcing. One technology which is gaining rapid favour is Robotic Process Automation (RPA), an automation which can handle day-to-day recurring […]

Trading in Bitcoin, Ethereum or any other crypto-currencies is illegal in India

Bitcoin is not a legal currency in India

Bitcoin or any other crypto-currency are not legal or lawful tender in India. Investors should stay away from investing as the transaction is not backed by any asset. Arun Jaitley, India’s Ministry of Finance has given a statement in RajyaSabha. BitCoin is a virtual crypto-currency invented by Satoshi Nakamoto. In […]

RBI lowers card transaction rate for small businesses to boost digital payments

RBI MDR Digital Payments

FinTech companies welcome RBI’s decision to lower Merchant Discount Rate Digital payments are expected to reach new horizons with good news from India’s Reserve Bank of India. RBI has decided to low Merchant Discount Rate for small and medium businesses in India. Politicians and RBI shifted its goal posts to […]

Indian banks to use blockchain tech for smart contracts and KYC

BankChain SBI KYC SmartContract Fintech

With the growth of Bitcoin, it’s associated technology, blockchain has quickly become a next-big-thing in the world of finance. Major financial institutions have given a go-ahead for using blockchain technology to simplify or automate existing systems. The Institute of Development and Research in Banking and Technology with its research papers […]

Satoshi Nakamoto: An anonymous man who is valued at ₹40,000 crores

Satoshi Nakamoto

Within just 9 years, every single person who is keen on investing knows what bitcoin is. As the white paper suggests, Bitcoin is a peer-to-peer version of electronic cash which allows online payment to be sent from one person to another without going through a financial institution. The Bitcoin had […]

JP Morgan rolls out blockchain-based inter-bank payments network

BankChain SBI KYC SmartContract Fintech

Blockchain technology is already on its path to reshape our financial systems. With its shared ledger being verified by miners, transactions are verified swiftly and can be accounted in computer systems. Blockchain, a shared ledger of transactions maintained by a network of computers on the internet, is the technology that […]

India will be an early adopter of 5G technology

India will be early adopter of 5G Technology

Recent trends in 4G LTE mobile telephony has shown that dependency on data is increasing at an immense rate. The telecom war started by Reliance Jio has forced telcos namely Airtel, Idea- Vodafone to increase their data usage limits and rival down the prices. Those who refused to change are […]