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India's payment technology to the World
India has proven by adopting a host of its e-governance tools - including the #UnifiedPaymentsInterface (UPI) and Aadhaar identity service - available to other countries via open APIs and has made a massive transition to a cashless economy riding on cheap internet data, high smartphone penetration and easier on-boarding process, the country’s robust #digitalpayment system is at a growth inflection point, feel industry experts.
It is available via the India Stack website, the project is "a set of open APIs and digital public goods that aim to unlock the economic primitives of identity, data, and payments at population scale". The site says, the principles, technologies, and functionality of India Stack can be applied in any country. None of the systems which comprise India Stack require any proprietary technology or intellectual property which would preclude their implementation in any other country.
The adoption of new-age technologies is driving digitalisation of cash transactions, improving customer experience, providing safe and secured transaction platforms, simplifying processes, creating awareness and most important technological innovations are key.
There are many success stories we are witnessing including, the instant payments network, UPI, claiming: “Everyone, including the World Bank, has appreciated it as the best platform.” Launched in 2016, the UPI has now handled 99 billion transactions, recording 2200 every second in May. Along with the RuPay card network, UPI has been central to India's efforts to use digital payments to boost financial inclusion.
Modi says this has proved a huge success. Hence, today digital products like UPI are the centre of attraction for developed countries of the world, or those countries which cannot invest in this type of technology. Our digital solutions have the reach, are secure and have democratic values.
As UPI continues to scale-up, it’s imperative that NPCI hBy VARINDIA| 12 views
Global Social Media Security Market is growing at a CAGR of 20.22%
The social media security market is expected to reach a market size worth $4,316.343 million by 2027, growing at a CAGR of 20.22%. Social media is an evolving platform where individuals join for quite a few functions. With rising web penetration and rising good gadget utilization, social media is gaining strong recognition and adoption. However, with flourishing social platforms and customers, social crime and insecurities have elevated tremendously. At the same time, many are witnessing, Social crime includes social harassment, fake profiles, misguiding leads, data theft, breaching, hacking, and others. The high risk of social crime creates the market demand for social media security services. It is expected that rising instances of social crime and dysfunctions will drive the market demand for social media security. Furthermore, expanding social media platforms' usage as earning sources has also increased the market prospects for social media security. The Asia Pacific social media security market is expected to grow at a lucrative rate. The regional market is fuelled by growing internet penetration in the region and the rising adoption of social media.
Furthermore, a rise in social media earnings has notably elevated disposable earnings. Social media platforms similar to Instagram and Facebook have emerged as leisure, schooling, ability enhancement, and connection space within the Asia Pacific area, which has considerably surged social media earnings. An increase in earnings and propelling risk of social and cybercrime are anticipated to drive the marketplace for social media safety within the area. North America and European areas are anticipated to dominate the market owing to larger expenditure functionality and vital customers. Rising internet penetration has encouraged social media adoption, creating demand for social media security for saving the account for social/ cyber threats and crime.
One of the prime reasons which are expectedBy VARINDIA| 15 views
Debabrata Nayak, Chief Security Officer, Huawei India
Debabrata Nayak, Chief Security Officer, Huawei India at Cyber Security India Conclave 2017
Watch Debabrata Nayak, Chief Security Officer, Huawei India With HD QualityBy VARINDIA| 110 views
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India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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