ETtech Morning Dispatch on 26 Jan. 2021: Top tech news to start your day
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Last Updated: Jan 27, 2021, 05:02 AM IST
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Synopsis
From startups budget expectations to India s pushback against WhatsApp and Chinese fintech apps, here s a look at the top tech news to start your day.
ETtech
Good morning, ETtech reader.
Today we are looking at what startups expect from the upcoming Union Budget 2021. Indian government tells the Delhi High Court that WhatsApp’s unequal policies are a cause of concern. Fintech apps by Chinese smartphone makers aren’t finding any takers.
Also in the news is Tata Consultancy Services (TCS) for becoming the most-valued IT company in the world.
Synopsis
Xiaomi, Oppo and Realme, which launched their fintech apps Mi Pay and Mi Credit, Oppo Kash and Realme PaySa, respectively, at the start of 2020 have so far seen fewer than 1 million downloads each on Google Play Store against their user base of 20-100 million.
Agencies
Even in terms of transactions, they have barely made a dent. Mi Pay and Realme PaySa recorded 480,000 and 10,000 monthly transactions, respectively, throughout 2020, with minimal month-on-month growth.
New Delhi: Chinese smartphone companies trying to carve a niche in the fintech space have had a tough time, possibly on account of poor consumer sentiment following Sino-Indian border tension.