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Multilink announces tie-up with NSDL payments bank to build 4,000+ business correspondent agent network in India
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Paytm gateway enables payment from fixed deposit account held with IndusInd
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ET Financial Inclusion Summit: Speed of internet is still a drag
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Last Updated: Jul 16, 2021, 07:30 AM IST
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Industrialisation had a role to play and with improved telecom connectivity, the lag will ease out. Industry stakeholders have also raised the issue of cyber security concerns.
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Evolution of consumer technology is largely premised on internet speed. India is on the threshold of becoming a leading digital economy. But for a country clocking more than a billion payments a day, the need for more reliable internet connectivity has never been felt more acutely. Industry leaders believe that while assisted help in this mode of doing business is a great bridge in rural areas, internet lags are excluding many from using digital platforms.
Paytm is building real revenue while competitors are bleeding double the money for cashbacks: Bernstein
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(This story originally appeared in on Jul 07, 2021)MUMBAI: Ahead of Paytm’s initial public offering (IPO), all Chinese nationals representing key investor Ant Group have stepped down from the board. While Ant Group continues to have a representative on board, the employee is a US national based in Florida.
According to filings with the registrar of companies, Jing Xiandong of Alipay and Guoming Cheng of Ant Financial, both Chinese nationals, have ceased to be directors of the company. Additionally, Micheal Yuen Jen Yao, a US national, and Ting Hong Kenny Ho, a Chinese national of Alibaba based in Hong Kong, also ceased to be directors.