DiGiSPICE: Industry Monitoring 28 June 2019
- Priyanka Kanodia
- Jul 8, 2019
- 6 min read
DiGiSPICE
Spice Money launches smartphone enabled Micro ATMs
Publication- Deccan Chronicle
Edition- Online
Date- 28 June, 2019
Spice Money, a DiGiSPICE Group company dedicated towards applying fin-tech solutions to achieve greater financial inclusion, has taken another strong step towards this objective through its ‘Micro-ATMs’ similar in design to Point-of-Sale card machines. Spice Money has already been rolling out the cash withdrawal facility across its 2,00,000 merchant points through Aadhaar Enabled Payment System. It continues to add thousands of merchants to this network every month.
Considering the fact that Confederation of ATM industry (CATMi) has announced its plans to shut down nearly 50 per cent ATMs due to high maintenance cost of software and equipment upgrades, Spice Money has taken up the pressing task of developing an alternate transactional framework.
The enterprise’s AEPS systems enable thumb-print driven transactions through, while its Micro-ATMs allow users carrying debit cards to do essential financial transactions. The AEPS systems have already reached across 2 lakh customer touchpoints, while more than 10,000 micro-ATM devices spread across the states of UP, Bihar, Jharkhand and Orissa are easing financial operations for millions of Indians every day.
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Spice Money launches smartphone enabled Micro ATMs
Publication- Financial Chronicle
Edition- Online
Date- 28 June, 2019
Spice Money, a DiGiSPICE Group company dedicated towards applying fin-tech solutions to achieve greater financial inclusion, has taken another strong step towards this objective through its ‘Micro-ATMs’ similar in design to Point-of-Sale card machines. Spice Money has already been rolling out the cash withdrawal facility across its 2,00,000 merchant points through Aadhaar Enabled Payment System. It continues to add thousands of merchants to this network every month.
Considering the fact that Confederation of ATM industry (CATMi) has announced its plans to shut down nearly 50 per cent ATMs due to high maintenance cost of software and equipment upgrades, Spice Money has taken up the pressing task of developing an alternate transactional framework.
The enterprise’s AEPS systems enable thumb-print driven transactions through, while its Micro-ATMs allow users carrying debit cards to do essential financial transactions. The AEPS systems have already reached across 2 lakh customer touchpoints, while more than 10,000 micro-ATM devices spread across the states of UP, Bihar, Jharkhand and Orissa are easing financial operations for millions of Indians every day.
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https://www.mydigitalfc.com/companies/280619/spice-money-launches-smartphone-enabled-micro-atms.html
What is Micro ATM? This fintech has just made withdrawing money, balance enquiry even easier
Publication- Zee Business
Edition- Online
Date- 28 June, 2019
Similar to bank ATMs, the micro Automated Teller Machine (ATM) also provide traditional services like withdrawing cash, balance enquiry, cash deposits and much more. However, the micro ATMs are best for carrying out cash transactions in situation when bigger ATMs are running dry. Micro ATMs as the name suggests are a mini version of an ATM. They are developed with features like point of sales (POS), connecting banking networks through GPRS for carrying bank-related transactions. Equipped with card swipe facility, the micro ones can even operate via fingerprint scanner. Generally, these mini ATMs are situated in remote or mobile locations.
Guess what! This Fintech has done
To strengthen the use of Micro ATMs, Spice Money, a DiGiSPICE Group company dedicated towards applying fin-tech solutions to achieve greater financial inclusion, has taken another strong step towards this objective through its ‘Micro-ATMs’ similar in design to Point-of-Sale card machines.
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Competitors
DIGI launches Romania’s first 5G service, powered by Ericsson
Publication- Telecomlead
Edition- Online
Date- 28 June, 2019
Ericsson announced that RCS&RDS (DIGI) has launched Romania’s first 5G commercial service in the busiest parts of Bucharest using Ericsson’s technology. The service, which is built on top of DIGI’s 4G network, is using Ericsson’s 3GPP standards-based 5G New Radio (NR) hardware and software. With this, customers can connect to both 4G and 5G simultaneously to get the best possible experience even in the most crowded areas, depending on the compatibility of the terminal with 5G technology.
Romania plans to start spectrum auction for additional spectrum needed for 5G wireless networks in the fourth quarter of 2019. DIGI can already start offering initial 5G services through its already available commercial spectrum within the 3.6 – 3.8 GHz band. The company also announced that starting on June 27th, customers can make pre-orders on digiromania.ro to purchase terminals compatible with 5G, VoLTE and VoWiFi technology.
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Industry News
LoRaWan vs NBIoT: How Tata Comm & SenRa driving India's IoT space as telcos wait and watch
Publication- ET Telecom
Edition- Online
Date- 28 June, 2019
At a time when all private telecom operators like Vodafone Idea, Reliance Jio and Airtel are preparing to give a push to their Internet of Things business through narrowband IoT (NB-IoT) technology, players like Tata Communications and SenRa are also making efforts to build a parallel network, called Low Power Wide Area Network based on LoRaWAN technology, to drive India’s IoT ecosystem, mainly targeting Modi government’s projects like Smart City Mission and Swatch Bharat.
Tata Communications has already deployed its LoRaWAN network in 45 cities of India and is now covering over 215 million people. The company has plans of expanding presence to 70-80 cities by the end of this year, a person familiar with the development told ET. It has reportedly committed over $100 million in investments in the IoT space. SenRa, a LoRaWAN network operator, has also deployed its network in 42 cities, and now plans to extend the coverage to 60 cities by the end of this year.
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Accenture expects strong bookings in current quarter
Publication- Livemint
Edition- Online
Date- 28 June, 2019
Consulting and outsourcing services provider Accenture Plc reported a 9% fall in quarterly bookings on Thursday, overshadowing better-than-expected third-quarter results and an upbeat full-year forecast. New bookings at the company, which gets about half of its revenue from outside the United States, were $10.6 billion, down from $11.7 billion in the year ago quarter, due to a 4% hit from a stronger dollar.
"We suspect bookings will be back in the spotlight despite sound reported results," Darrin Peller, an analyst from Wolfe Research said. On a post-earnings call with analysts, Chief Financial Officer KC McClure said she expected bookings to recover in the current quarter. "As you know, quarterly bookings can be lumpy... Looking forward, we have a very strong pipeline, and we expect strong bookings in Q4," McClure said.
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Bitcoin Sharing & Blockchain Social Media App Webbeeo Is In Alpha Testing Phase
Publication- Owlt Market
Edition- Online
Date- 28 June, 2019
A Bitcoin sharing & Blockchain social media app called Webbeeo is in an alpha testing phase. A beta testing phase of Webbeeo will be performed soon.
Epazz Inc is a software company creating Webbeeo. Providing better privacy to users is a goal behind Webbeeo. Users will have better control of their data. Epazz Bitcoin Wallet will be used to help users in sharing Bitcoin over the network. The Chief Executive Officer (CEO) at Epazz Inc Shaun Passley said, “We wanted to take advantage of the climate to hopefully attract a user base before the climate shifts.
We have been working on a social media platform with the goal of providing enhanced privacy to the public. This is something we know the public wants. We believe in getting the site to the public even as a beta release to attract users. Once our blockchain storage technology is integrated, only the user will have access to their data via crypto key.”
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Blockchain Company Ground X Introduces Public Network Platform
Publication- Owlt Market
Edition- Online
Date- 28 June, 2019
Ground X is a blockchain company who has introduced a public network platform. The blockchain company is a subsidiary of a South Korean-based Internet company called Kakao. Companies and developers can use the platform. Many regional tech giants committed to collaborating with Ground X for the promotion of blockchain-based businesses.Klaytn is a global public blockchain project of the Internet company Kakao. While Ground X designed the blockchain project Klaytn. Klaytn released its mainnet for commercial purpose. The main purpose of Klaytn is to facilitate easier access and faster speed.
Nine applications are available on Klaytn. They operate on multiple tokens. Hint Chain is a food solution platform through which users can be rewarded for restaurant reviews. AnTube.TV is an entertainment solution platform through which tokens can be provided to those users who upload entertainment videos. 34 applications will be available by the end of this year. Blockchain apps are called as BApps on Klaytn.
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Blockchain Startup Waves Updates Blockchain To Allow For DApps
Publication- Krypto Money
Edition- Online
Date- 28 June, 2019
Blockchain startup Waves introduces a major upgrade on its blockchain, Waves Node 1.0 and released the mainnet of RIDE which would allow decentralized applications (dApps) its platform, as per a blog post published on June 25. As per the post, the new mathematical functions of RIDE will allow developers to perform calculations on the Waves blockchain that are necessary for real use cases such as implementing an algorithmic stablecoin. Sasha Ivanov, founder and CEO of Waves stated to Cointelegraph:
In addition, Waves introduced an alternative to the REST API that serves as a mechanism for the standard description of interfaces and data formats. Designer to reduce development time, the upgrade will also allow the issuance of non-fungible tokens on the Waves blockchain. Last December, Waves raised $120 million in a private funding round for its new project called Vostok. The product will aid the Waves Platform to develop new technologies such as artificial intelligence, Internet of Things, and blockchain in order to “support a truly open and decentralised web.”
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