DiGiSPICE: Industry Monitoring 27 June 2019
- Priyanka Kanodia
- Jul 8, 2019
- 8 min read
DiGiSPICE
Neighbourhood ATMs vanishing? Smartphone-enabled Micro ATMs come to your rescue
Publication- The Financial Express
Edition- Online
Date- 27 June, 2019
From six ATMs a year ago in a part of a South Delhi colony, only a single machine has been able to survive as the Confederation of ATM Industry (CATMi) has decided to shut down nearly 50 per cent ATMs due to high maintenance cost of software and equipment upgrades. One can easily understand the load on that single ATM and what happens when it goes out of cash or out of order. If this is the scenario in the Capital city and that too in South Delhi, it is not hard to imagine the problem the people of rural areas are facing due to the plummeting number of ATMs at the moment. Considering the quantum of crisis, Spice Money has taken up the pressing task of developing an alternate transactional framework.
Dedicated towards applying fin-tech solutions to achieve greater financial inclusion, Spice Money, a DiGiSPICE Group company, has taken a strong step towards this objective through its ‘Micro-ATMs’ similar in design to Point-of-Sale card machines. India has the world’s second largest number of internet users and is expected to have more than 450 million smartphone users by 2022. Considering the same, the company has launched smartphone-enabled Micro ATMs across its existing 2 lakh customer touchpoints.
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Competitors
Sweden's Ericsson to build factory in U.S. to make 5G radios
Publication- ET Telecom
Edition- Online
Date- 27 June, 2019
Swedish telecoms equipment supplier Ericsson said on Wednesday it plans to build its first fully-automated factory in the United States to make radios required to deploy 5G technology and make it operational in early next year. The company said it would decide on a location after discussions with state and local authorities in the United States. Ericsson has a research and development site - a software development center - in Austin, Texas.
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Affle International Pte. Ltd. Acquires the Platform and Business Assets of RevX Inc.
Publication- Business Standard
Edition- Online
Date- 27 June, 2019
Affle International Pte. Ltd. ("Affle International") registered in Singapore, announced today that it has executed the definitive agreement to acquire the platform and business assets of RevX Inc. (registered in Delaware, USA), a mobile advertising company with fully self-serve programmatic platform for mobile marketing. As part of the deal, the platform, assets, brand name, intellectual property rights, business relationships and technical information of RevX Inc. will be acquired by Affle International by the end of June 2019.
RevX offers a mobile only self-serve programmatic platform to drive new user acquisition and grow retargeting & re-engagement-based transactions for marketers. Its platform is used by several e-commerce and mobile app driven companies globally. Appsflyer, a leading mobile measurement platform, recently ranked the RevX platform as #4 in the shopping category and #5 in the non-gaming category in its Global Retargeting Index1 (Jul - Dec 2018), where they compiled the data from over 11,500 Apps with a cumulative global install base of >20Bn.
Affle believes this acquisition will strengthen Affle Group's Consumer Platform proposition for both new user acquisition and retargeting. Affle Group had earlier acquired the Vizury Commerce Business in 2018 and together with this acquisition, Affle strengthens its position in the retargeting domain.
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Paytm’s Vijay Shekhar Sharma joins as anchor investor in Roots Ventures’ debut fund
Publication- VCCircle
Edition- Online
Date- 27 June, 2019
Paytm founder Vijay Shekhar Sharma has joined as an anchor investor in the debut fund of alternative asset management firm Roots Ventures. Roots Ventures was launched last year by Japan Vyas, a co-founder and former managing partner at Sixth Sense Ventures, along with his former IDFC colleague Ravinder Vashist. The new firm is raising Rs 200 crore for the fund, which has a greenshoe option to mop up another Rs 100 crore.
Vyas said in a statement that Roots Ventures expects to close the fundraise in the next two to three months’ time. It is in advanced discussions with two fund-of-funds, he added. Other key investors in the fund include Pravin Gandhi of Seedfund; Sandeep Kohli, former CEO of Yum International for the Indian subcontinent; and Kushal and Chaitanya Desai of Apar Industries.
In 2010, his firm One97 Communications, which runs Paytm, had floated an early-stage tech investment arm—One97 Mobility Fund—along with investor-partner SAIF Partners. The fund typically invests between $500,000 and $5 million in seed and early-stage tech startups.
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Rural operators seek cheap network gear from Ericsson and Nokia
Publication- Telecom Lead
Edition- Online
Date- 27 June, 2019
The regional carriers include Pine Belt in Alabama and Union Wireless in Wyoming. They are seeking discounted pricing and looking forward to government assistance. The talks are critical for small carriers that have relied on Huawei Technologies or ZTE for inexpensive, high-quality mobile network gear even though the big U.S. telecom companies dropped the Chinese firm their procurement list due to security concerns.
The U.S. government has effectively banned U.S. companies from doing business with Huawei. The report said switching vendors will not be easy. Nokia and Ericsson will not match Huawei’s pricing. Roger Entner, an analyst at Recon Analytics, estimated Huawei and its compatriot, ZTE, charged 30-50 percent less than rivals.
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After Flipkart Plus, the company now launches multi-brand rewards ecosystem ‘SuperCoins’
Publication- Inventiva
Edition- Online
Date- 27 June, 2019
India’s leading ecommerce marketplace, Flipkart, on Wednesday announced a first-of-its-kind multi-brand rewards ecosystem, SuperCoins, which will be rolled out by early July to provide benefits to millions of its customers. SuperCoins will work as a rewards ecosystem for not only shopping on Flipkart, but also across more than 100 partner brands including Zomato, OYO, UrbanClap, PhonePe and MakeMyTrip.
In August 2018, the Walmart-owned company launched its subscription service, Flipkart Plus, to reward customers by giving them access to exclusive deals and free one-day deliveries.
In an official statement, the company said, “Flipkart Plus members will now experience a better rewards store with SuperCoins.” In March this year, One97 Communications-owned Paytm also launched a premium subscription-based rewards and loyalty programme called ‘Paytm First’ for its users.
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Industry News
27 teams compete at Conduent Blockchain Hackathon
Publication- The Economic Times
Edition- Online
Date- 27 June, 2019
Conduent Inc, a digital interactions company, hosted the Conduent Blockchain Hackathon finale in Hyderabad last week, in collaboration with HackerEarth, an enterprise software talent management company. The first of the global hackathon series on blockchain which started in April 2019, received 1276 registrations from across India, said a release. Open to all blockchain enthusiasts in the country, the event’s first phase participants competed in a virtual crowdsourcing process over the course of six weeks. It then culminated into a 36-hour on-site hackathon where 76 participants forming 27 teams created and presented their blockchain solution prototypes.
The focus of the Hackathon was to build a viable, decentralized application to share assets in the business-to-business (B2B) and consumer-to-consumer (C2C) contexts around themes including incentive system for social behavioural change; Blockchain for a shared economy; smart properties; transparent interactions with the government and delegative voting systems. Participants could use any blockchain platform, technology stack, domain, or programming language of their choice. Applications were evaluated on the basis of their novelty and practicality, the released said.
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Smart city projects get fresh impetus in Odisha's Rourkela
Publication- The New Indian Express
Edition- Online
Date- 27 June, 2019
A host of development projects under the Smart City Mission are moving at a snail’s pace even after two and a half years of Rourkela’s inclusion in the urban renewal programme. Belatedly projects worth Rs 364.15 crore were finalised with few getting implemented while majority are at tendering or Detailed Project Report (DPR) preparation stages.
Speaking to media persons here on Wednesday, Chief Executive Officer of Rourkela Smart City Ltd (RSLC) NK Patel, however, said the momentum has begun to pick up. Redevelopment of six citizen-friendly parks are nearing completion with estimated cost of Rs 5.72 crore while work on Biju Patnaik Indoor Stadium with a cost of Rs 9.62 crore is going on.
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10 things you should know about IoT
Publication- CIOL
Edition- Online
Date- 27 June, 2019
The Internet of Things is all set for a revolution in the 2020s when we may have tens of billions of devices all across the globe continuously sending a huge amount of data which will have to be stored, crunched and analysed. After the advent of the desktop and the laptop and mobile, India has recently seen a revolution in smartphones, mobile broadband and e-commerce. IoT + AI + ML is the next logical step not just in the world but in India too.
So here are 10 things you should note about this emerging technology…
1. “Things” not “people”: While the full form of IoT is Internet of Things, it’s focus is on “things” rather than “people”. That means “things” on their own may transmit the relevant data on a continuous basis via the Internet on a central server. Sensors may be placed on any device. In a forest, any device may transmit data related to wildlife, weather etc. A wristband may also transmit information to a hospital on information related to temperature or sleep.
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Itron inks IoT solutions deal with Liberty Utilities
Publication- Green Tech Lead
Edition- Online
Date- 27 June, 2019
Itron announced its contract with Liberty Utilities Company, a subsidiary of Algonquin Power & Utilities, which operates nearly 40 utilities in 13 U.S. states. Liberty Utilities will deploy Itron’s OpenWay Riva, an Internet of Things (IoT) solution for building network for gas, electricity and water. The solution will help Liberty Utilities improve operations and enhance the customer experience.
Itron will also provide managed services and cloud hosting services to ensure smooth implementation and operation of the network. Liberty Utilities will deploy Itron’s IoT network to upgrade infrastructure with advanced metering and distributed intelligence capabilities across its electric, water and gas installed base, said Brent Baker, vice president, national customer experience at Liberty Utilities.
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DApps Implementations Can Be Performed On Blockchain Startup Waves
Publication- Owlt Market
Edition- Online
Date- 27 June, 2019
DApps can be implemented on a blockchain Startup called Waves. The blockchain startup Waves has released a major update. Waves Node 1.0 is the major update for the Waves blockchain. A few powerful and long-awaited new functionality along with features are the specialties of the major update.
Waves hasn’t only released the major update for the Waves ecosystem, but it also has released the mainnet of RIDE for dApps. The dApps implementations are possible now. RIDE is designed for the development of those applications which will create the NGEN internet. Lazy execution, predictable computation costs, zero failed transactions on the network, modern typed functional approach, simple and concise, and formal-verification-friendly are the features and properties of RIDE.
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Walmart On Blockchain Platform
Publication- Crypt Buzz
Edition- Online
Date- 27 June, 2019
Walmart china has launched a food tracking app on Ve-chain Blockchain platform. The press release was made public on June 25. Walmart China has revealed 23 product lines and are planning to implement another 100 products across 10 categories that will be tracked via an app.
As per the sources suggest, the customers can scan the product using a smart-phone and can get detailed information of the product. The information will include geographic location, route of the product etc.
According to the press release issued, the company by the end of the next year, expects to see 50% of the total sales of fresh meat products will be on this platform. The other categories expected are – 40% of the total vegetable sales and 12.5% of the sea food sales.
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27 Teams Compete at Conduent Blockchain Hackathon Finale
Publication- BW CIO World
Edition- Online
Date- 27 June, 2019
Conduent Incorporated, a digital interactions company, hosted the Conduent Blockchain Hackathon finale at its office in Hyderabad on June 22 and 23, 2019, held in collaboration with HackerEarth, an enterprise software talent management company. The first hackathon of the series kicked off in India on April 12, 2019. Open to all blockchain enthusiasts in the country, the event’s first phase consisted of 1,276 participants who competed in a virtual crowdsourcing process over the course of six weeks. It then culminated into a 36-hour, no sleep, on-site hackathon where 76 participants forming 27 teams created and presented their blockchain solution prototypes.
Shivam Singh, Rajat Rawat, Rohan Chougule and Swastik Shrivastava of team shivam2813_1716 from Lucknow earned the grand prize of INR 3,00,000 (3 lakh Indian rupees) and the title of ultimate winners of the Conduent Blockchain Hackathon India segment. The first runner up award went to Sudharshan Iyengar, Shankar Thyagarajan, Kiruba Karan and Magesh B of team HackerX from Chennai who received INR 2,00,000 (2 lakh Indian rupees) and, the second runner award was given to Anand Kumar Sinha, Sangat Das, Sairaj Sawant and Rohit Badre of team anandsinha07_adab from Pune who received INR 1,00,000 (1 lakh Indian rupees).
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