wordpress blog stats
Connect with us

Hi, what are you looking for?

Top 10 stories of the week: May 8th to May 14th 2017

In no particular order, here are MediaNama’s top 10 stories of the week ended 14th May 2017

MediaNama would like to thank its sponsors: E2E for their support.

RedGiraffe allows recurring payments for rent through cards

RedGiraffe, a financial technology and real estate company, has launched a product called RentPay which allows users to pay commercial and residential rentals to be paid via credit and debit cards through recurring payments. Currently, the product is live on SBI Cards, HDFC Bank, Kotak Mahindra Bank, YES Bank, ICICI Bank, IndusInd Bank and Axis Bank; we received an email from HDFC Bank regarding this partnership. Read it here

Indus OS partners with US based Delta ID for iris based Aadhaar authentication

Mobile operating system developer Indus OS has partnered with US-based Delta ID, a company which provides iris recognition technology, to roll out iris-based Aadhaar authentication on smartphones. The authentication feature will also be available in the 12 Indian languages supported by Indus OS. The new update with Aadhaar authentication feature will be available on Indus OS by the end of this quarter. Read it here

Indian Whatsapp users video calling for 50 million minutes per day; Calculations

Whatsapp users in India use the video calling feature for a total of 50 million minutes per day, the highest aggregate usage in the world, according to the company. Globally Whatsapp has recorded over 340 million video calling minutes per day, spread across 55 million video calls made each day. Read it here

DoT approves 61 companies for providing MVNO services

Out of the 61 companies that received approval for a Virtual Network Operator (VNO) from the DoT this month, a majority of the VNO licenses were awarded to companies in Tier-2&3 cities as such as Surat, Ahmedabad, and Vadodara, Rajkot, Kanpur, Agra among others. Companies from metro cities including Mumbai and Delhi followed closely. Read it here

Netflix begins directly peering with large Internet exchange in India

Exclusive: Netflix has started peering with Mumbai Convergence Hub (MumbaiCH), India’s second largest Internet exchange, a MumbaiCH official told MediaNama. The development was confirmed by Netflix’s addition to MumbaiCH’s list of participants. Netflix has installed multiple “points of presence” (POPs) in a MumbaiCH partner datacenter. Read it here

Airtel adds 2.4M mobile Internet users in Q4FY17, ARPU drops to Rs 162

Airtel’s mobile Internet user base increased by around 2.45 million (4.5%) quarter on quarter to 57.36 million from 54.91 million during the quarter ended March 31st, 2017 (Q4 FY17). The telco seems to be slowly recovering from the intense competition after losing around 7 million users in the previous quarter. Read it here

Paytm signs term sheet to acquire rival Freecharge: reports

Paytm has reportedly signed a non-exclusive term sheet to acquire rival wallet player FreeCharge in an all-cash deal from Snapdeal, reports the Economic Times. The publication added that Paytm will be conducting its due diligence next week and if the deal goes through, the deal size was pegged at $45 million to $90 million. Note FreeCharge that was acquired by Snapdeal for $450 million in 2015 and at the time was one of the largest deals in the consumer Internet space in India. Read it here

PayU invests €110M in credit scoring company Kreditech; India implications

Naspers-backed payments company PayU has invested €110 million in German fintech company Kreditech which provides consumer credit scores and underwrites transactions. As part of the deal, Kreditech and PayU will develop a joint proposition for Point of Sale (POS) finance. With this deal PayU gets a minority stake in the company but did not reveal further details on the same. Read it here

Ola-Uber driver association head Tanveer Pasha on driver debt, incentives, pricing, & sauna belt promises

After protests carried out by Ola and Uber drivers against the aggregators, the Karnataka Government had set up a committee which is expected to come out with new fares next month. Read it here

CCI to investigate Airtel, Idea, Vodafone & COAI after Jio’s complaint: reports

The Competition Commission of India (CCI) has ordered an investigation into alleged anti-competitive practices committed by Airtel, Idea, Vodafone India and lobbying group COAI for apparently trying to block Reliance Jio’s entry into the market, according to his PTI report. Sources who did not wish to be identified told the publication that CCI will probe COAI’s functioning since the investigation was aimed at its members—Airtel, Idea, Vodafone. Jio is also a member of COAI. Read it here

You May Also Like

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ