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Indian bankers may lose large parts of traditional business to Google Pay, Phonepe
#Modi #PSUs #retrotax
Digital Payments a potential threat to Indian Banks
E-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to $111.40 billion by 2025 from $46.2 billion as of 2020. By 2030, it is expected to reach $350 billion. According to NASSCOM, despite COVID-19 challenges/disruptions, India's e-commerce market continues to grow at 5%, with expected sales of $56.6 billion in 2021. After China and the US, India had the third-largest online shopper base of 140 million in 2020. The financial services industry is in the midst of a significant transformation, accelerated by the COVID-19 pandemic. And given the key role digitisation plays in the financial lives of more and more of the world’s population, electronic payments are at the epicentre of this transformation. As per PWC survey, Payments are becoming increasingly cashless, and the industry’s role in fostering inclusion has become a significant priority. Payments also are supporting the development of digital economies and are driving innovation — all while functioning as a stable backbone for our economies. 86% agreed that traditional payments providers will collaborate with fintechs and technology providers as one of their main sources of innovation. Another solid reason for growth is India’s online shopping sector is currently worth $36.5 billion, a value that has consistently expanded at double-digit rates in recent years.
The digital payments sector in India has been growing at an exponential rate, with the penetration of technology in the deep interiors of the country. India's top banker Uday Kotak said lenders based in the country may end up losing large portions of their traditional business to digital wallet platforms such as Google Pay and Walmart-backed Phonepe. Google Pay and Phonepe, which are dominating the country's retail digital payments sector, are either owned or backed by deep-pocketed tecBy VARINDIA| 25 views
Have You Defined Your Data Backed Up Strategy? | Daily Life IT News for Public | Important News 2021
Have You Defined Your Data Backed Up Strategy? | Daily Life IT News for Public | Important News 2021
Human beings are the weakest link in the cybersecurity ecosystem. It also becomes essential for enterprises to regularly train their non-IT staff and create an awareness amongst them in order to protect their consumer's data from being exposed in a data breach incident due to threats like phishing, malware and brute force attacks. Regular system updates and proactive disclosure of such incidents also help businesses in creating a stronger strategy to fight against data breaches". It is absolutely true that, 100% of what we had backed up we were able to recover. Even after paying the ransom, there is no guarantee that you’ll recover from a ransomware attack. A well-planned strategy however will go a long way in achieving that.
Ransomware has made headlines for several years, but it was really thrust into the spotlight again this month with the Colonial Pipeline attack. The Colonial Pipeline reportedly paid a $5 million ransom. At the same time, India has seen numerous instances of organizations becoming a victim of a data breach incident in the recent few years. These data leak incidents took place due to many factors and not just because of the lack of security at the organization's end. It is important for businesses to understand the factors that can cause a data breach in order to be fully prepared to prevent an incident, or mitigate the risks caused by it. Businesses who are a victim of a data breach today not only are responsible to protect their consumer's data, but also prevent it from being misused by the cybercriminals as an aftermath of a data breach.
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Today Breaking News ! आज 10 अगस्त 2019 की 30 बड़ी खबरें
Today Breaking News ! आज 10 अगस्त 2019 के मुख्य समाचार, 30 बड़ी खबरें #EP168
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1. चीन ने जम्मू-कश्मीर मामले में दखल देने से किया इनकार, पाकिस्तान ने मांगी थी मदद
2. अरुण जेटली आईसीयू में भर्ती, फिलहाल हालत स्थिर: एम्स
3. 4 दिन बाद जम्मू से हटाई गई धारा 144, कल से खुलेंगे सभी स्कूल और कॉलेज
4. समझौता एक्सप्रेस के बाद पाक ने बंद की जोधपुर व कराची के बीच चलने वाली थार एक्सप्रेस
5. शुरुआत में 'मिशन मंगल' का नाम रखा गया था 'मंगल महिला मंडल': अक्षय कुमार
6. पाक कलाकारों पर लगाया जाए बैन: भारतीय फिल्म इंडस्ट्री का प्रधानमंत्री को खत
7. हुआवेई ने एंड्रॉयड के संभावित विकल्प के तौर पर पेश किया अपना 'Harmony OS'
8. वेल्लोर लोकसभा उप-चुनाव में 8141 वोटों से जीते डीएमके के काथिर आनंद
9. बाढ़ का जायज़ा लेने गए महाराष्ट्र के मंत्री ने बनाया सेल्फी वीडियो, हुई आलोचना
10. यूपी सरकार ने बनाया एक दिन में सर्वाधिक पौधे बांटने का गिनीज़ वर्ल्ड रिकॉर्ड
11. आयुष्मान और विक्की कौशल ने संयुक्त रूप से जीता बेस्ट ऐक्टर का राष्ट्रीय पुरस्कार
12. राष्ट्रीय डोपिंग रोधी एजेंसी के दायरे में आने के लिए सहमत हुआ बीसीसीआईBy UP TAAZA NEWS| 201 views
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You Become What You Think | Change Your Thought Change Your Life
Welcome to our latest video, "You Become What You Think" In this inspiring journey, we delve into the powerful philosophy that our thoughts shape our reality. Through a series of enlightening stories, expert interviews, and practical tips, we explore how positive thinking can transform your life.
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हमारे नवीनतम वीडियो "आप वही बनते हैं जो आप सोचते हैं" में आपका स्वागत है! ????इस प्रेरणादायक यात्रा में, हम उस शक्तिशाली दर्शन की गहराई में जाते हैं कि हमारे विचार हमारी वास्तविकता को आकार देते हैं। प्रेरक कहानियों, विशेषज्ञों के साक्षात्कार, और व्यावहारिक सुझावों के माध्यम से, हम यह खोजते हैं कि सकारात्मक सोच कैसे आपके जीवन को परिवर्तित कर सकती है।
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.By Bharatiya Janata Party Delhi| 74236 views
Bigg Boss 17 OPENING VOTING Trend | Kaun Hoga Ghar Se Beghar?
Bigg Boss 17 OPENING VOTING Trend | Kaun Hoga Ghar Se Beghar?
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CRPF signed an MoU with the IRCTC on Railway Reserved e-ticketing system
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Jai Ram Thakur | CM Sukhu | Election 2024 |
Shimla. Leader of Opposition Jai Ram Thakur talking to journalists in Shimla.
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