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Top 5 Payment Gateways for the most secure online payments
Publication- Deccan Chronicle
Edition- Online
Date- 21 July, 2019
With India moving towards a less-cash economy, new and small businesses are emerging rapidly. However, one challenge that startups and entrepreneurs continue to face till date is secure online currency transfers. From money transfer to making payments through mobile or doing a foreign currency transfer, payment gateways in the e-commerce industry are enabling safe and secure transactions across businesses. From running an exciting startup or building a robust and consumer-facing business, choosing the right payment gateway is the supplement that any business requires to boost its cash flow.
Here’s a list of the top 5 Payment Gateways in India that provide safe, secure and speedy online payments across sectors.
ATOM Technologies
A Financial Technologies Group Enterprise, Atom technologies cater to all payment processing requirements right from IVR, Internet and Mobile based applications. They are the only IVR based transaction processing platform that enables debit card/direct debit account-to-account transfer.
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Ericsson and Smile Foundation expand their Mobile Health Clinics program across India
Publication- ET Telecom
Edition- Online
Date- 22 July, 2019
Ericsson and Smile Foundation expanded their mobile health clinic program to other cities of the country like Noida, Gurugram, Kolkata, Bengaluru, Chennai and Pune to bring health services to the doorstep of people in need. The project was first launched in 2015 to address the primary healthcare needs of daily wage earners living in underprivileged communities.
“Through this program, our intention is to bring quality healthcare at the doorstep of underprivileged communities. The program is having a significant impact amongst the communities and has so far benefited over 350,000 people,” Amitabh Ray, Managing Director, Ericsson India Global Services.
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Aditya Birla Idea Payments Bank shuts operations
Publication- VCCircle
Edition- Online
Date- 22 July, 2019
Aditya Birla Idea Payments Bank Ltd (ABIPBL) has decided to shut down its operations just 18 months after its launch. ABIPBL’s board has approved the winding up of the operations, subject to regulatory approvals, its associate company Vodafone Idea Ltd said in a stock-exchange filing.
The payment bank is closing down because of “unanticipated developments” in the economic environment that has made its business model unviable, the filing said. It didn’t elaborate.
The shutdown leaves six payment banks in the country. Other companies that operate payment banks include One97 Communications Ltd-operated Paytm, Bharti Airtel Ltd, Reliance Industries Ltd’s Jio and the government-run India Post.
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Industry News
‘Want Hyderabad to emerge hub of blockchain tech’
Publication- The Hindu
Edition- Online
Date- 20 July, 2019
The Confederation of Indian Industry (CII) organised a blockchain summit in the city on Friday to demystify the technology that is being touted as the next big thing. The inaugural programme of the summit titled ‘Demystifying the Opportunities and Applications of Blockchain’ saw speakers sketch out a range of technological possibilities. “In 2019, businesses are expected to spend $2.9 billion on the technology, up almost 90% from 2018, as per International Data Corporation. The global blockchain technology revenues are expected to top $23.3 billion in the next 4-5 years,” said D. Raju of CII.
A blockchain is a decentralised public digital ledger for recording transactions. Theoretically, a blockchain is resistant to modification of the data.“As we speak, blockchain is changing the world. International remittances take five days. But with blockchain, the time will be trimmed to 30 seconds and the cost of the transaction will plummet from perhaps $20 currently to a few cents,” said Santanu Paul of National Payments Corporation of India.
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Team Brainyfools’ IoT-powered device for trash monitoring and disposal wins Rs 1 lakh at Smart India Hackathon
Publication- Your Story
Edition- Online
Date- 22 July, 2019
Beyond heritage buildings, beautiful parks, and high-rise buildings, Indian cities have one thing in common - garbage. The Central Pollution Control Board (CPCB) in 2017 reported that India generates 25,940 tonnes of plastic waste alone every day. According to EPW Engage, India generates 62 million tonnes of waste every year, of which less than 60 percent is collected and only around 15 percent is processed.
Attempting to solve this nationwide problem is a team of students from JSS Academy of Technical Education, Noida. Team Brainyfools includes BTech students Rahul Bhatia (21), Siddharth Singh (21), Shubhanshu Singh (21), Shreya Mishra (21), Akanksha Singh (21), and Simran Singh (21).
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