In no particular order, here are MediaNama’s top 10 stories of the week ended 11th December 2016
MediaNama would like to thank its sponsors: Indian Express and E2E for their support.
Paytm to transfer wallet users to Payments Bank company
Users of Paytm’s wallet services, which are currently run by Mobile VAS company One97 Communications, will be shifted to Paytm Payments Bank Ltd, the company has announced via a public notice in the newspapers. Read it here
Jugnoo launches a UPI payment app with YES Bank
Online auto-rickshaw aggregator Jugnoo has now launched its own unified payments interface (UPI) payments app called Jugnoo Pay. The company has partnered with YES Bank for the SDKs to develop the application and seems to be fashioned along the lines of Flipkart’s PhonePe. Read it here
Update: FreeCharge gets a wallet license from the RBI; But who owns it?
Update: A spokesperson for FreeCharge said that Klickpay, a subsidiary of Snapdeal, had approached the RBI for a wallet licence before it acquired Freecharge in March 2015. In January 2016, Klickpay was renamed Freecharge Payment Technologies Private Limited and Accelyst is a super merchant for the company (not sure what that means). Read it here
The UPI saw more than 287k transactions in November
The total number of transactions on the Unified Payments Interface stood at 287,388 for the month of November. The volume of the UPI transactions amounted to Rs 902,282,385 (Rs 90.2 crore), as indicated by the Reserve Bank of India (RBI). Read it here
Understanding the RBI’s removal of 2FA for transactions under Rs 2,000
Card payment companies have finally got what they’ve been asking for: To boost online transactions through cards, the Reserve Bank of India (RBI) has removed the additional factor of authentication (AFA) for payments up to Rs 2,000. However, for this model, card issuing banks will have to offer the “payment authentication solutions” of the respective card networks to their customers on an optional basis. Read it here
Hosting provider starts charging Indian customers service tax; others to follow?
US-based hosting provider DigitalOcean has become one of the first companies to start implementing the service tax that was introduced by the government for online games, movies, music and software last month (Hat Tip: Twitter user Raju PP). Read it here
Amazon Prime Video accidentally released in India for a day
Around Tuesday morning, Amazon Prime Video accidentally released in India, a reddit post pointed out. The release was probably unintentional, since the service was only accessible through the Android app, which is not available on Google Play in India yet. The app now throws up an error and the catalogue is inaccessible. Read it here
After Indic languages, DataMail now offers Russian language email ids
Indian language email address service provider DataMail has launched free Russian language email address service for Russian and Indian citizens. The company has tied up with Webnames Limited of Russia to launch ПОЧТА.РУС (post.rus) which will host the platform to access emails. Read it here
YouTube to push Indic language content for all India users
YouTube will start displaying more local language content on users’ home and trending screens. The video streaming site will take into account user watch history, user interface and location to automatically set a preferred Indic language. Read it here
Vijay Mallya’s Twitter account gets hacked; hackers dump data
Vijay Mallya’s Twitter account has been hacked by what claims to be a group called Legion. The hacker group has posted some of Mallya’s personal and financial details, including addresses, phone numbers, and passwords to various email ids, Skype account etc., through the Twitter account, although it’s not clear how authentic this information is. Read it here