DiGiSPICE: Industry Monitoring 23 May 2019
- Priyanka Kanodia
- Jun 6, 2019
- 10 min read
DiGiSPICE
Spice Mobility's FY19 consolidated revenue up 34%
Publication- Business Standard
Edition- Online
Date- 23 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Money sees 1.2 cr transactions worth Rs 2,400 cr in April
Publication- Business Standard
Edition- Online
Date- 23 May, 2019
Fintech firm Spice Money Wednesday said it carried out 1.2 crore transactions during April and achieved gross transactional value (GTV) of Rs 2,400 crore as it aims to deepen its footprint in the country. Spice Money is a tech-enabled hyper-local payments player offering cash-in and cash-out, bill payments and mPoS (mobile point-of-sale) services, among others.
"Spice Money achieved a feat of carrying out 12 million transactions within the month of April. The transactions generated a massive Gross Transactional Value (GTV) of Rs 2,400 crore, firmly establishing Spice Money as a preferred platform to carry out financial transactions for the unserved and underserved population in the country," the company said in a release. Spice Money has introduced new product offerings and enriched existing ones to further its goal of extending digitised transactional benefits to a large section of people, it added.
"We hope to expand our footprint even deeper in India and serve as the bridge between the served and the un-served, providing financial services to every individual with limited accessibility," said Dilip Modi, chairman, Spice Money.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- New Kerala
Edition- Online
Date- 23 May, 2019
Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- Outlook India
Edition- Online
Date- 23 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- NP News24
Edition- Online
Date- 23 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- NewsD
Edition- Online
Date- 23 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- Can India
Edition- Online
Date- 23 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- Daiji World
Edition- Online
Date- 23 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Spice Mobility's FY19 consolidated revenue up 34%
Publication- Social News XYZ
Edition- Online
Date- 23 May, 2019
Spice Mobility has reported a 34 per cent rise in its consolidated revenue for financial year 2018-19 (FY 2018-19) on a year-on-year basis. Its revenue stood at Rs 376.68 crore, against the previous year's Rs 280.52 crore, the company said in a statement. It reported a net profit of Rs 9.08 crore, against the loss of Rs 44.70 crore in FY 2017-18.
The board of directors recommended a dividend of 15 per cent of the paid-up equity capital of the company for the year ended March 31, subject to shareholders' approval. The company said that it had launched its digital initiatives in the last 12 months under the "DiGiSPICE" brand.
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Competitors
Airtel signs up IBM to block unwanted calls
Publication- The Economic Times
Edition- Online
Date- 23 May, 2019
IBharti Airtel NSE 1.09 % may have opened a window of relief for Indian mobile phone users by finding a way to block unwanted calls. The telco awarded a multi-million-dollar contract to US technology major IBM to deploy a blockchain-based pan India network which will allow the telco to protect its 284 million subscribers from pesky calls and messages, two persons familiar with the matter said. “Airtel’s consumers will have complete control over what messages they would want to get or block… the scope of mischief will be considerably reduced, thereby curbing fake transactions and fraud,” a person familiar with the matter said.
“It’s a reasonably significant sized contract.” The commercial deployment is already underway and both companies are expected to meet the regulator’s orders on unsolicited commercial communication (UCC) set to come into effect before the month end, the second person said. Players like Tech MahindraNSE -0.89 %, Microsoft and Tanla Solutions have lately claimed blockchain-based engagements with Indian telcos.
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Paytm Payments Bank posts profit of Rs 19 crore in FY'19
Publication- Business Today
Edition- Online
Date- 23 May, 2019
Paytm Payments Bank Limited (PPB) Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019. PPBL claimed to lead mobile banking transactions with over 19 per cent market share as of March 2019."Nearly a third of the total mobile banking transactions in India are powered by PPB and it processes over Rs 3 lakh crore worth of digital transactions on an annualised basis," the company said in a statement.
PPB had registered net loss of Rs 20.7 crore for the fiscal ended March 31, 2018, according to regulatory documents. PPB, which was incorporated in August 2016, formally began its operations in 2017. Gupta said, the bank aims to introduce more products and features on its platform to increase the monthly processing of savings account payments from Rs 24,000 crore to Rs 40,000 crore in FY'20.Paytm Founder Vijay Shekhar Sharma holds 51 per cent share in Paytm Payments Bank, while the rest is held by One97 Communications.
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AI And Automation Will Be Critical For Networks Of Tomorrow: Ericsson
Publication- Express Computer
Edition- Online
Date- 23 May, 2019
Ericsson has announced 18 commercial 5G deals with telecom operators across North America, Europe, Asia and Australia. Ericsson has already deployed operational 5G networks based on commercial equipment in North America, Europe, Australia and Asia, both in midband and mmWave.
Magnus Ewerbring, CTO APAC at Ericsson said, “The near-term benefits of 5G include enhanced mobile broadband (eMBB) and FWA. These will help address the limited fixed broadband penetration levels in India and also enhance data experience on the move. In the long run, 5G will be a game changer for telecom service providers by enabling new revenue streams and making them a part of value chains they have not been used to previously. “
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Industry News
Wipro builds a blockchain-based solution to enable payments for airline industry
Publication- Business Standard
Edition- Online
Date- 23 May, 2019
IT major Wipro said on Wednesday it has developed a blockchain-based payment solution for Travacoin, a company specialising in an eponymous digital payment solution. Travacoin is a digital payment system which enables airlines to refund and compensate passengers in a timely manner when a disruption occurs. Passengers will be notified of a delay or cancellation and refunded in this digital currency, which can be used to repurchase airline tickets, book hotels and avail other airport and travel related services.
"We are encouraging blockchain innovation by actively engaging with firms focused on solving real-world business problems," said Krishnakumar Menon, Vice President for Service Transformation and Blockchain Theme Leader at Wipro Limited. A recent study conducted by FTI Consulting indicates that Travacoins will save airlines between 20 and 40 per cent of what they are currently paying passengers in cash.
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CHINA CHALLENGES THE WORLD BY STRENGTHENING ITS IOT AND CLOUD COMPUTING INFRASTRUCTURE
Publication- Analytics Insight
Edition- Online
Date- 23 May, 2019
China continues to challenge and dominate the world by strengthening its infrastructure capabilities with a focused approach on cloud computing and Internet of Things (IoT) technology as the country’s informatization enters its intellectual stage. Here is a deep dive into its recent advancements and government impetus into cloud computing and Internet of Things (IoT) taking the digital world by storm:
Paving New Paths for Cloud Computing
Though Cloud computing was invented by the American Tech companies, it will soon be the domain of Chinese tech companies by the end of the next decade. Cloud computing is taking China by storm as its startups mature and its big conglomerates update their tech infrastructure. The dominance of the Chinese at Cloud Computing Platform was seen recently at Alibaba’s September cloud computing conference, which attracted over 120,000 people from across China and Asia and dwarfed more than 50,000 people who attended the Las Vegas Amazon Web Services’ re: Invent 2018 conference last year.
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Synergy Blue Will Explore Blockchain API In Collaboration With Blockchain Gaming Platform Alphaslot
Publication- Owlt Market
Edition- Online
Date- 23 May, 2019
Synergy Blue will explore blockchain API into leading skill-based casino gaming products in collaboration with a blockchain gaming platform called Alphaslot. The blockchain API belongs to Alphaslot. The blockchain API is the main interface for casino gaming equipment. Players will be connected on the casino floor through a blockchain network. Interactive gaming experiences in a transparent and trusted environment will be allowed for casino operators. The experiences will be also allowed for casino regulators.
An agreement between both companies is announced on May 21, 2019. Bringing blockchain technology-based innovative entertainment solutions into casino gaming in places like American, Asian, and European markets is a purpose of the agreement. The agreement is said to highlight both companies interest related to the blockchain future and the industry future.
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Blockchain Technology-based Enerchain Product Designed For Distributed Energy Groups
Publication- Owlt Market
Edition- Online
Date- 23 May, 2019
Blockchain technology-based Enerchain product is designed for distributed energy groups. Ponton is a German-based IT company who has launched the product. The hope of the launch of the product is the distributed energy groups to start peer-to-peer trading within months. An announcement of the product launch is done on 21 May 2019.
Enerchain is focused on trading at the local level within energy communities. It is also focused on wholesale trading at balancing zone level with delivery and on flexible trading within distribution grids.
Bilateral trading which is carried out on Enerchain will charge Eur500/month ($557/month). Maximum one-second block time and less than one-second transaction latency are delivered through the underlying blockchain framework of Enerchain.
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Imminent need of skilled professionals in IoT
Publication- People Matters
Edition- Online
Date- 23 May, 2019
The Internet of Things (IoT) is disrupting every sector. Enterprises of all sizes and industries are getting ready to seize the massive growth opportunity with yet another wave for digital transformation with IoT at its heart. IoT growth is expected to cross $200 Bn by 2020, according to the McKinsey Global Institute. McKinsey anticipates an increase of about three billion new consumer connected devices per year. To transform the unconnected product to connected product and service, there is a huge requirement of skilled professionals working towards innovation in product design and development, deployment and implementation, execution and program management.
Skill gaps and the opportunities ahead
India currently has the second largest workforce in the world and is expected to leave China behind by 2020. It is also estimated that 64 percent of India’s population will have its place in the working age group by 2020. This implies that the demand for jobs will consequently increase than it is at present, posing a major challenge for an already volatile job market.
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Experts: Enterprise IoT enters the mass-adoption phase
Publication- Computer World
Edition- Online
Date- 23 May, 2019
IoT in general has taken off quickly over the past few years, but experts at the recent IoT World highlighted that the enterprise part of the market has been particularly robust of late – it’s not just an explosion of connected home gadgets anymore. Donna Moore, chairwoman of the LoRa Alliance, an industry group that works to develop and scale low-power WAN technology for mass usage, said on a panel that she’s never seen growth this fast in the sector. “I’d say we’re now in the early mass adopters [stage],” she said.
The technology itself has pushed adoption to these heights, said Graham Trickey, head of IoT for the GSMA, a trade organization for mobile network operators. Along with price drops for wireless connectivity modules, the array of upcoming technologies nestling under the umbrella label of 5G could simplify the process of connecting devices to edge-computing hardware – and the edge to the cloud or data center.
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