Spice Money: Industry Monitoring 26 February 2019
- Priyanka Kanodia
- Feb 26, 2019
- 2 min read
Spice Money
Industry News
Sebi's move to allow UPI route for IPO payments faces teething problems
Publication- Business Standard
Edition- Online
Date- 26 February, 2019
The Securities and Exchange Board of India’s (Sebi’s) move to introduce a new payment system to bring down listing time is facing teething problems. Starting January 2019, Sebi has allowed retail investors to make initial public offering (IPO) payments through Unified Payments Interface, or UPI.
Currently, the UPI payment option is optional, along with the so-called application supported by blocked amount (Application Supported by Blocked Amount or Asba) facility.
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IRCTC rail connect app: How to book, cancel train ticket using rail connect app
Publication- The Indian Express
Edition- Online
Date- 26 February, 2019
IRCTC Indian Railway Rail Connect App: The Indian Railway Catering and Tourism Corporation (IRCTC) enables travellers to book tickets through its IRCTC application. The travellers can easily book their ticket via IRCTC app and make payments using IRCTC’s e-wallet. IRCTC took to Twitter to announce the launch of its application in May, last year. The official handle wrote, “Now #IRCTC e-wallet users can book #rail e-tickets including of #Tatkal quota through IRCTC Rail Connect Android App…”
The IRCTC e-wallet allows a user to deposit money in their e-wallet from various banks. As per IRCTC, a user can have a maximum of six banks linked to the IRCTC e-wallet. Other payment options available are Jio Money, Airtel Money, Ola Money, Mobikwik, among others. A user can have a maximum of six banks linked to the IRCTC e-wallet, said IRCTC. Other payment options include Jio Money, Airtel Money, Ola Money, Mobikwik, among others.
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Know what is Blockchain and its utilities
Publication- Geospatial World
Edition- Online
Date- 26 February, 2019
To explain Blockchain in a simple way, let us take example of a bank. The bank has a central database and has all the customer details. These details could be of transactions, balances, account numbers etc. when we want to make any updates, the bank is contacted and then they make the changes accordingly, and if they want to do any more changes, there is nothing much we can do about it as they have the ultimate control. Imagine, a hacker gained access to this database, and he can do anything with this information, like change balances, delete transactions, etc., even though the bank can update and restore this data from their back-ups, ultimately the power and control lies in one single entity.
Distributed systems are much smarter, faster and easier to control. Rather than one person or a company having the ultimate responsibility, it is in distributed form and there are often few restrictions on who can join the network. Each user, known as “nodes” stores a copy of the data from the beginning till the end.
Please click on the link below:
https://www.geospatialworld.net/blogs/know-what-is-blockchain-and-its-utilities/
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