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Barclays empowers Paytm to win Asset Triple A Award for best payments and collections solution

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Paytm Payment Gateway has won the ‘Best Payments & Collections Solution in the Fintech Industry’ award for its OPGSP (Online Payment Gateways Service Providers) Import solution. In Its Triple A Treasury, Trade, Supply Chain and Risk Management Awards, the jury awarded Paytm Payment Gateway as one of the most unique structured cash management and FX solutions under the ‘New Economy’ category.

The recognition reflects Paytm’s success in maintaining its leadership in the field of digital payments. Barclays helped Paytm Payment Gateway enhance its capabilities to offer import payment solutions to foreign marketplaces, making the payment giant one of the leading cross-border payment service providers.

It is a symbol of the future of financial services partnering with the players in other ecosystems for new solutions. Barclays offered the company an OPGSP solution that enabled cross-border payments in the Indian currency for marketplaces across the globe.

Barclays, a leading corporate and investment bank in the Asia Pacific region, submitted Paytm OPGSP solution to the Asset Triple A jury. The utility of this solution to achieve the collaborative vision of the bank and the payment company has led to the nomination and then winning the award.

“We are extremely happy to receive this award. The cumulative efforts of our teams reflect our commitment to provide our partners with the best payment solutions they need to succeed. We will continue to push the envelope further and deliver unique solutions to all our clients and partners,” said Praveen Sharma, Senior Vice President, Paytm.

Taranjit Jaswal, Head of Corporate Banking, Barclays Bank India, said, “We are delighted to have supported Paytm in building its cross-border payments aspirations. We keep client’s needs at the centre of our innovation, and this recognition is a result of our collaborative and cross functional team efforts. We will continue to support Paytm to scale this solution enabling them to deliver seamless experience to their partners and clients.”

Mobile app growth up 31% in Q1 2021: Adjust

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The mobile app growth continues to accelerate globally in 2021. After climbing 50% across all verticals year-over-year (YoY) in 2020, app installs are up 31% YoY in the first quarter of 2021, while sessions, which increased by 30% in 2020, are up by another 4.5%, revealed a report by Adjust, a global app marketing analytics platform.

“The app economy experienced immense growth in 2020, as people all over the world realized the benefits of mobile in many aspects of their daily lives,” said Paul H. Müller, Co-Founder and CEO, Adjust. “For mobile marketers, the potential to reach new users is at an all-time high, but so is competition. As we move through 2021, and begin a new era with iOS 14, the importance of enhancing marketing through automation and understanding how users behave in-app throughout their entire journey is more pivotal than ever,” he added.

Fintech apps posted the best YoY growth in installs of all verticals, 51% in 2020. The installs are up again in 2021 by 12%, compared to the 2020 average. This is no doubt buoyed by huge adoption rates for trading apps such as Robinhood, Acorns and Gatsby. Fintech app sessions also boomed in 2020, representing a significant move towards digital banking and payments. The sessions increased 85% YoY, and are already up 35% in 2021.

Gaming reached new heights in 2020, particularly in hyper casual, where installs increased 43%, compared to 26% for non-hyper casual. The sessions for non-hyper casual games increased by 27% in 2020 YoY, while the hyper casual sessions increased 36%. So far in 2021, the hyper casual game sessions are down 21%, but with the huge “first-lockdown” spike removed, YoY performance is roughly the same, and growing steadily, with February outperforming January by 47%.

Ecommerce’s install growth was relatively small at 6% in 2020, but performed consistently throughout the year. Its sessions, however, grew 44%, showing just how highly engaged shoppers on mobile have become. 2021 is off to a very strong start in both installs and sessions, up 11% and 14% respectively, over their 2020 averages. The vertical’s highest weeks ever for sessions were at the end of February and beginning of March 2021, up 23% YoY.

The annual report titled, “Mobile App Trends 2021: A Global Benchmark of App Performance” is based on Adjust’s top 2,000 apps and its dataset of apps tracked across gaming, ecommerce and fintech. It analyses long-term trends in installs, sessions, time spent in-app, retention and re-attribution rates across the globe. These insights enable developers and marketers to better understand their audience and the state of the app economy.

As the mobile ecosystem becomes ever more competitive with iOS 14, apps that build data-driven and UX-focused strategies will be well-positioned to come out on top. With insights into how users behave in-app, and when they return and why, mobile marketers can create a comprehensive strategy, incorporating highly personalized campaigns and communication that build brand trust.

MFine rolls out campaign to create awareness of tracking SpO2 level with app

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As India fights against the second wave of COVID-19, experts suggest that blood oxygen levels should be continuously monitored, and a patient should be hospitalised only if his or her situation is critical.

A pulse oximeter is a device that measures blood oxygen levels non-invasively. Not many people have a pulse oximeter at home, and while having things delivered during a lockdown can be challenging, your health can’t take a back seat. To ease monitoring oxygen levels, MFine, India’s top-rated healthcare app, has introduced an app-based SpO2 tracker.

The MFine SpO2 tracker tool claims to give the same results with medical-grade accuracy by simply using your smartphone’s camera. This, in a sense, brings healthcare literally to your fingertips. Beyond COVID-19, regular monitoring of SpO2 levels is also recommended for those suffering from Anaemia, Asthma, COPD and other respiratory illnesses.

To generate awareness about this AI-powered feature that MFine launched recently, it has rolled out an influencer campaign #CareComesHome with Do Your Thng, a branded content marketplace.

The campaign roped in influencers from all segments and any profession, irrespective of their number of followers. Using the power of video content, the campaign talks about keeping the MFine app handy for monitoring SpO2 levels regularly, staying home and consulting with doctors online if any health need arises. They also share their own life experiences where healthcare services from MFine can be helpful to other users as well, such as ordering lab tests at home, medicine delivery, X-rays and scans.

Ankit Agarwal, Founder, Do Your Thng, said, “The campaign is meant for the masses, and the best way to reach the masses is to be one of them. So, we incorporated the idea of using a crowd of influencers known for their impactful content to spread the message and do so in order of magnitude.”

He further added, “This campaign which highlights the usage of MFine’s app-based pulse oximeter, could be of use to anybody sitting at any place. The intention is to keep track of the oxygen levels, being inside your homes and not stepping out of your houses and facing the havoc of COVID.”

According to Jyoti Sinha, Angel Mummy 91, an influencer, “This second wave of COVID-19 is tricky, and it is our responsibility to be aware and take extra precautions. If you or members of your family have breathing difficulties or have an active Covid infection, you should regularly monitor your oxygen saturation levels. And now you can do so by just using your smartphone on the #MFine app! This is a very useful tool to have this time.”

Display demand in India likely to be $60 bn over next 5 years: ICEA

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The Indian market demand for displays over the next five years is likely to be $60 billion, said a new report by the India Cellular and Electronics Association (ICEA), in collaboration with Grantwood Technologies.

The domestic consumption of display components exceeded $5 billion in 2020 alone, which is expected to sharply rise over the next five years, and is estimated to be much greater than $10 billion in 2025, mainly resulting from the “Make-in-India” strategy to promote electronic manufacturing, said the report titled, “Flat Panel Displays – Creation of a Display Industry in India”.

The report highlights that India has steadily grown into a leading consumer market for display-centric products. However, India does not currently have a local display manufacturing industry and all display components have to be imported from overseas suppliers.

Unveiling the report during a virtual event today, Ajay Prakash Sawhney, Secretary, MeitY, said that he looks forward to the participation of the global key players in establishing the display fabs in India. “The policy framework and incentivization policy for this segment will also be worked upon,” said Sawhney.

“India currently consumes 7-8% of the global display production in India primarily for use in mobile, TV and IT hardware. With our current emphasis on electronic manufacturing in India and incentives to trigger this industrial sector, the demand for displays will increase multi-fold. There is no display fab in India today and this is the right time that we direct our focus towards building this strategic core industry in India,” said Pankaj Mohindroo, Chairman, ICEA.

Mohindroo further said that a coherent national policy is required to mobilize private sector companies to bring together capital and knowhow to establish state-of-the-art display fabs. “The national policy should extend government support towards providing financial incentives to display makers and display supply chain companies who agree to make substantial investments under the private-public partnerships,” he added. Mohindroo also invited the Indian corporates to come forward and put their weight behind to establish “this strategic industry” in India.

Globally, display was a $100 billion industry in 2020 and is projected to grow over $125 billion in revenues by 2024. The mobile phone and TV product segments account for greater than 65% of the industry revenues while notebooks, monitors, tablets, automotive and other applications account for the rest.

“Displays are the windows to the digital world of data. They make it possible for data to be visualized in a human readable form. The display component industry is greater than $100 billion in size and it has spawned substantially larger leveraged industries that manufacture and sell display-centric electronic products,” said Dr G. Rajeswaran, Director and CEO, Grantwood Technologies. “India has the market-pull for display-centric electronic products, it needs a plan to bring together capital and knowhow for the creation of a display manufacturing industry in India. Using our pioneering experience in the display industry over the past three decades, we are proposing a strategy, a plan-of-action and some key recommendations to future stakeholders in India,” added Rajeswaran.

The report takes a macro-economic look at the rationale for the creation of a display manufacturing industry in India. It takes a deeper dive into the features of the display manufacturing industry such as economies-of-scale in production, describe the two major technology options such as TFT-LCD and AMOLED displays, highlights the role of the infrastructure and supply chain providers in the display industry and finally recommends a strategy and a plan-of-action for India.

Airtel CEO warns customers against cyber frauds amid COVID-19 crisis

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Telecom major Airtel today warned against a rise in cyber frauds amid a massive surge in online transactions during the second wave of the COVID-19 pandemic, and asserted the company is working “relentlessly” and coming out with safety features to ensure customers are not vulnerable to fraudsters.

In an e-mail outreach to customers, Airtel CEO Gopal Vittal highlighted the modus operandi being adopted by fraudsters and also drew attention to cyber frauds related to digital payments. “With the growing second wave of the pandemic and lockdowns in various parts of the country, there has been a massive increase in online transactions. Unfortunately, there has also been a corresponding increase in cyber fraud,” Vittal said.

Sounding out a warning on the kinds of fraud that users could likely face, he said that Airtel has developed an “industry first feature” that is geared towards conducting secure online transactions “without the fear of being duped by a fraudster”. “Please note that Airtel does not sell VIP numbers on the phone and will never ask you to download any third-party apps. In both instances, please immediately call 121 to confirm. In fact, I would say when in doubt simply call 121,” Vittal advised in his mail to Airtel subscribers.

Cautioning against fraudsters calling customers pretending to be Airtel employees, he said that this could be under the pretext of incomplete Know Your Customer (KYC) form. The fraudster may request the customer to install the ”Airtel Quick Support” app from the Google Play Store to allow them to help. As no such app exists on the play store, when the customer tries to install it, they are redirected to TeamViewer Quick Support App. “The TeamViewer Quick Support app allows the fraudster to remotely take over the device and accounts associated with the device. And so, if the customer does install it, they allow the fraudster into all their accounts connected to the device,” Vittal said urging users to guard against such instances.

Similarly, the fraudster may call or send an SMS claiming to be from Airtel and promising highly discounted VIP numbers. “As a part of the transaction, the fraudster requests a prepayment as a token / booking amount. Post receiving these funds, the fraudster ceases all contact with the person and becomes untraceable,” Vittal warned.

Cyber frauds related to payments are also on the rise, due to the increase in digital transactions, he noted. “The fraudster calls the customer claiming to be from a bank/financial institution and asks for account details or an OTP to unblock/renew the existing bank account. The details are used to withdraw money from the customer’’s bank account,” Vittal said.

The fraudsters also call the customer pretending to buy a second-hand listed product from the website, negotiate the price and ask for the customer’s UPI details to transfer money to the account. “On the customer providing the account, an SMS link is sent to the customer’s phone to approve the transaction which debits the money from the account instead of crediting,” he said.

The Airtel top honcho said that the company has worked relentlessly to ensure that subscribers are not vulnerable to these fraudsters. “This is why we have recently introduced an industry-first feature called ‘Safe Pay’,” he informed.

Safe Pay provides an additional layer of security for every transaction, he added. “So, before you actually make a payment, our network intelligence throws up a message asking you to confirm the transaction to the person who is trying to pull the fraud. Therefore, if you activate Airtel Safe Pay, you are not vulnerable to fraudsters. To be on Airtel Safe Pay you need to open an Airtel Payments bank account,” Vittal said.

COVID crisis: Huawei extends support for strengthening medical care facilities in India

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As an effort to accelerate COVID-19 relief efforts in India, Huawei has collaborated with local NGOs, specialised institutions to facilitate medical resources to strengthen the efforts in managing the crisis.

Huawei India is facilitating the availability of 400 oxygen concentrators, 400 Contactless Remote Vital Parameter Monitoring devices, 25 HFNC CPAP oxygen therapy systems, and other medical supplies worth Rs 5 crore for Indian public hospitals, makeshift hospitals, and other facilities for COVID-19. The initiative is also providing aid for scaling-up and incubation support to partner organisations.

David Li, CEO, Huawei India, said, “Given the urgency of healthcare requirements, we decided to join hands with local partners to accelerate the facilitation of urgent medical supplies to support those most affected. We firmly believe that this situation can be overcome with joint, comprehensive, and targeted community efforts. We at Huawei are committed to standing strong with the nation during these challenging times.”

Separately, the company is also working on setting up a 50-bed Covid care facility in partnership with a local medical institution in Gurugram for patients requiring mild medical support. The facility will be equipped with medical equipment like oxygen concentrators, BiPAP, patient monitoring, etc., and will be operated by a partner medical institution.

In addition to its direct response, Huawei is contributing to provide meal support for more than 18,000 government school children whose families are affected by COVID-19.

Vuram develops web-platform to track oxygen availability across India

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To aid the ongoing crisis on oxygen availability, hyperautomation services company Vuram through its CSR initiative has built a platform called OxygenHall where people in need of oxygen can search for the contact information of oxygen suppliers in their locality and directly get in touch with them.

“People spend a lot of time talking to so many oxygen suppliers before finding an option that works. Through this initiative, we plan to save some critical time in this process, possibly the difference between life and death. Since the platform runs on validated information provided by people, we request everyone, especially oxygen suppliers to share the updated information to the website,” said Venkatesh Ramarathinam, CEO, Vuram.

During the first wave of COVID-19, Vuram Foundation, the CSR wing of the company, launched thehumane.shop – a platform to help people in ordering their essential needs online and getting them delivered at their doorsteps – and nocovid.world – a COVID tracker platform.

On OxygenHall, data on oxygen availability will be available in real time connecting the people in need with the suppliers who can provide. Any feedback can be submitted to the site directly. Oxygen supplier/provider can share their contact details and availability to

Harman brings in JBL Commercial CSUM10 USB microphone in India

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Samsung-owned Harman today launched JBL Commercial CSUM10 compact USB microphone for the Indian market. The JBL Commercial CSUM10 mic is exclusively available on Amazon at a special launch price of Rs 5,799.

This new USB mic delivers a pristine studio quality sound for voice-overs, podcasters, vloggers, gamers, vocalists, acoustic instrument users and for users of web conferencing. Listeners can simply plug the mic into their PC or Mac and start recording, without the hassle of installing drivers, the company said in a statement.

“This mic is an ideal solution for users who are looking to give their content an edge with pro audio quality that’s within their reach. Whether starting their own podcast, presenting on a conference call, or recording a song, the CSUM10 is definitely going to help users sound their best,” said Aditya Todi, Senior Director, Sales and Marketing, HARMAN Professional Solutions, India and SAARC.

The JBL Commercial CSUM10 is a stylish dual capsule condenser USB microphone with omnidirectional and cardioid polar patterns. With convenient features like microphone gain knob, mute button, listeners can smoothly control the audio and create professional-quality content. Its adjustable design helps position the microphone according to the user’s need for optimum sound recording and streaming.

For creators, the built-in headphone helps to easily monitor voice real-time or even playback, and control levels with the Headphone Volume Control, to ensure the recording sounds as desired by the user. The JBL CSUM10 USB microphone comes with a desktop stand with an option to mount on a boom stand or a standard mic stand.

Infinix Hot 10S with Helio G85, Dar-Link technology and 6,000mAh battery launched in India

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Following rumours and speculations, Infinix has finally come up with Hot 10S in India. The all-new smartphone is said to be a massive upgrade from its precursors in the Hot series, packed with an array of top-notch features, superior gaming technology, powerful processor, latest OS, massive battery and sharp cameras.

The smartphone comes in four colour variants- Heart of Ocean, Morandi Green, 7-Degree Purple and 95-Degree Black. To be available at a competitive price of Rs 9,999 for the 4GB RAM + 64GB variant and Rs 10,999 for the 6GB RAM + 64GB variant from May 27 on Flipkart, the Infinix Hot 10S is offering a special launch discount of Rs 500 for a day.

In terms of specs, the Infinix Hot 10S comes in a diamond-cut flow pattern design on the back. It boasts of a 6.82-inch HD+ cinematic display, having a 90.6% screen-to-body ratio and 20.5:9 aspect ratio. The smartphone comes with a 90Hz refresh rate and 180Hz touch sampling rate, a feature that’s best suited for the gamers. It offers you 480 nits brightness and 1500:1 contrast ratio that helps in good colour reproduction. The smartphone comes protected with the NEG’s premium Dinorex T2X-1 glass on top of the display. It’s further backed by DTS-HD surround sound.

The smartphone is powered by Helio G85 octa-core 64-bit processor, which has an ANTUTU score of 207719, a feature that’s meant for gamers. The processor has a CPU clock speed of up to 2 GHz and a highly efficient 12nm production process. It’s further backed by the MediaTek HyperEngine technology for intelligent dynamic management of CPU, GPU and memory. The smartphone comes with the innovative Dar-Link Game Boost technology, which enhances the gaming interaction and display experience in heavy games like Call of Duty, Free Fire, PUBG, etc. by preventing screen tearing, ensuring natural colour reproduction, elevating the performance of the touch panel, and managing the resource allocation between the game and the chipset efficiently to prevent heating from long game play hours.

As discussed above the handset comes in 4GB RAM+64 GB storage and 6GB RAM+64 GB storage variants, which is further expandable up to 256 GB. The device operates on the latest Android 11 with the latest XOS 7.6 skin which enables users to enjoy a smooth and faster software UX with refreshed icons, new design, refreshing wallpapers, to name a few.

Talking about optics, the Hot 10S sports a 48MP AI triple rear camera setup on the back with f/1.79 large aperture and quad LED flash, a 2MP depth sensor to capture wide shots. The camera comes with features like Time-lapse video recording mode and Slow Motion video recording mode that allows users to capture videos with 240fps. There’s a Bokeh video recording mode. It also comes with Super Night mode. On the front, the smartphone has an 8MP AI selfie camera with f/2.0 aperture and two LED flash installed on both the sides. Both the cameras come with modes like AI 3D Beauty, Panorama, Document mode, and more.

For security purposes, the smartphone comes equipped with face unlock feature and a multifunctional fingerprint sensor. On the connectivity front, it supports dual 4G VoLTE, VoWiFicalling, dual-band WiFi and the latest Bluetooth v5.0. The Hot 10S houses a heavy-duty 6,000mAh battery, backed by Power Marathon technology that claims to optimize power and increases the battery backup by up to 25%.

Anish Kapoor, CEO, Infinix India, said, “Infinix has always been at the forefront and a trendsetter in giving #ALotExtra features through its Hot series. Therefore, each time we introduce a new device in this series, there are a lot of expectations among our fans to optimise it as per their requirements with FIST (First in Segment Technology) features. Hot 10S has been developed keeping in mind those expectations.”

Chingari pledges to provide oxygen concentrators in Maharashtra, Karnataka and Goa through project ‘Breathe’

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Project ‘Breathe’, an initiative of Rotary International and Being Human in collaboration with short video platform Chingari aims to provide oxygen concentrators in the under-served regions of southwest Maharashtra, north Karnataka and the entire state of Goa.

Sumit Ghosh, CEO and Co-founder, Chingari, said, “Rotary International and Being Human have always come forward to help those in need and as an organization that believes in building a better future for the nation, we are no different. It is the very time when we have to be there for our people and hence without a second thought, we have extended our support to help foster project “Breathe”. The nation and team Chingari will stand together to overcome this pandemic.”

Under the project ‘Breathe’, Rotary Dist. 3170 will be procuring oxygen concentrators which will be further handed over to various hospitals in the region. These concentrators will be used by hospitals as an oxygen concentrator bank for patients under home isolation, thus proportionately reducing their influx to hospitals that are already overwhelmed.

Chingari and Fireside intend to start a fundraiser along with CovidCitizens.org to support COVID initiatives undertaken by various NGOs across the country such as Rotary.

Dr Bharat Pandya, a renowned laparoscopic surgeon and director of Rotary International, said, “Rotary International has been at the forefront of carrying out humanitarian projects across the world for more than a century. Rotary during COVID times has spent about $35 million across the globe and $5 million in India alone towards COVID relief measures and medical infrastructure support. We are grateful to Chingari and Being Human for collaborating with Rotary in supporting this noble cause and look forward to partnering with them in future too.”