Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>With over 170 million registered users, <keyword id="6357886" type="UNKNOWN" weightage="20" keywordseo="phonepe">PhonePe</keyword>’s strategy for further growing its hold in the segment is to get into smaller cities and encourage adoption of its platform.</li><li>PhonePe launched ‘<keyword id="8389903" type="UNKNOWN" weightage="20" keywordseo="PhonePe-Switch">PhonePe Switch</keyword>’ in September that lets customers access multiple apps while being on PhonePe. </li><li><keyword id="2315463" type="PERSON" weightage="20" keywordseo="Rahul-Chari">Rahul Chari</keyword>, Co-Founder and CTO, PhonePe says that the challenge ahead of them is to build offerings for a billion Indians who have the means to transact but either don’t know or don’t understand digital payments.</li></ul> In November 2016, the government’s decision of <keyword id="6362150" type="UNKNOWN" weightage="20" keywordseo="demonetization">demonetization</keyword> led to an unprecedented growth of the <keyword id="1399736" type="PERSON" weightage="20" keywordseo="Digital-Payment">digital payment</keyword>s ecosystem in India. That, coupled with availability of cheaper data across the country has also led to a widespread adoption of digital payment apps. However, most in the industry believe that the next phase of growth for the segment will come from tapping into ‘Bharat’, and that is exactly what Flipkart-owned PhonePe is trying to do. With over 170 million registered users and close to 7.8 million merchants from 215 cities across the country on its platform, PhonePe’s strategy for further growing its hold in the segment is to get into smaller cities and encourage adoption of its platform. In a recent conversation with Ad &amp; Media Insider, Rahul Chari, Co-Founder and CTO, PhonePe spoke about the platform’s constant efforts at keeping the consumer’s need at the core of all their innovations, and its strategy to take the platform to the next level. PhonePe’s story so far When they launched the platform three years ago, the idea was to build an ecosystem centered around payments providing users with speed and security at every transaction touchpoint, while also enabling businesses to reach a new and large consumer base. Three years since, Chari says that PhonePe has been able to pioneer the growth of UPI based payments as they foresaw its power over wallets in changing the payments landscape of the country. “Our journey has been incredible to say the least, not just in terms of the growth in the number of users and transactions, but also in realizing the social impact payments and financial services can create. With our money transfer and bill payment offerings, wide merchant acceptance, both online and offline, the ‘Switch’ platform that aggregates various merchants on the PhonePe app itself and our foray into financial services with Gold and Mutual funds, it is safe to say that we are truly on the way to realize our vision from three years ago.” In September, PhonePe launched ‘PhonePe Switch’ that lets customers access multiple apps while being on PhonePe. The aim was to build a partner app ecosystem that offers its users a convenient way to access and engage with multiple apps. Speaking about its reception so far, Chari says, “PhonePe Switch enables our merchant partners to integrate their existing progressive web apps or mobile-sites to the platform, and instantly reach out to around 65 million monthly active PhonePe app users. The future lies in creating solutions keeping customer service at the helm, this is where the idea of ‘Switch’ emerged and we decided to build a ‘super app’ providing a one click entry point to a world of apps on the PhonePe platform." PhonePe Switch currently has around 65 apps in categories such as food, travel, local commuting, grocery and others and the number is expected to touch 500 by the year end. Where’s the growth coming from? As per recent regulatory documents, PhonePe’s losses mounted to Rs 1,904.72 crore in 2018-19 from the previous fiscal. However, documents sourced by business intelligence platform Tofler showed that its revenue from operations saw a manifold increase, to Rs 184.22 crore in FY19 as against Rs 42.79 crore earlier. It has also seen an increase in its monthly transaction and its merchants count. Sharing some recent growth figure, Chari said, “We have seen a 2.6X growth in our monthly transactions y-o-y, from 120 million in October ’18 to 440 million in October ‘19. Our merchant acceptance number has grown 18X, from 0.4 million in October ’18 to 7.8 million in October’19.” He says that the growth has been a direct result of a few strategic bets they took early on. “The conscious choice of UPI, introduced in 2016, had a defining impact on the digital payments industry. Phone was the first payments app anchored on UPI. While the first two years were purely about ramping up user-side of the network, with UPI stabilization, we started ramping up our merchant acceptance network and today we are accepted by millions of merchants across 215 cities in India.” He believes that another factor that boosted PhonePe’s growth was the open ecosystem approach they took right since inception. “This was completely contrary to the approach the incumbent players in the market had taken. The open ecosystem approach allowed creating as many hooks and connects between the various ecosystem players allowing consumers, merchants, and financial service providers to engage and transact at scale with each other. PhonePe was also the first to introduce the interoperable QR code making it easy and affordable for MSMEs across India to accept digital payments at zero MDR rates,” he says. Making the platform secure Despite the government’s efforts at digitizing India, the emergence of digital payment frauds have restricted a lot of people from adopting these platforms. In such a scenario, winning a consumer’s trust becomes critical in ensuring an increase in adopting. On what PhonePe is doing to make its platform more secure, Chari says that the platform is making significant investments towards building deep tech in the area of fraud detection. He elaborates, “We score every transaction in real-time for authenticity before allowing the user to authorize the same. We also invest in real-time analysis of mobile numbers, devices, cards or bank accounts for patterns of abnormal behavior. Our data models flag entities as high risk resulting in their immediate blocking until they can be reviewed systemically. Our constant endeavor is to fine tune these models and reduce the blocked transactions to provide maximum accuracy.” Cracking the ‘Bharat’ code Cheaper data and smartphones have helped take the digital world to the interiors of the country. And PhonePe sees a huge opportunity in making itself desirable to consumers from smaller cities. Speaking about the increased uptake it has seen in non-metro cities in the past few years, Chari says, “Smartphone penetration, cheaper data, simplified on-boarding process and more mobile specific/local language context are among the top forces propelling the move towards adoption of digital payments. PhonePe has seen tremendous growth in Tier II and Tier III locations and today almost 55% of our transactions originate from non-Tier I cities. PhonePe already has 7.8 Million merchants across 215 cities in India and we plan to tap into smaller cities in the near future.” Chari said that the platform would continue to grow all parts of its business which includes adding more and more use cases to the PhonePe app, increasing their acceptance at offline and online merchants and adding more apps to the PhonePe Switch platform while also enhancing its financial service offerings. “Going forward digital payments will have to be a lot more inclusive and 'Bharat' will genuinely play an important part in this growth. Our challenge is to build offerings for a billion Indians who have the means to transact but either don’t know or don’t understand digital payments,” he adds.

PhonePe is looking at ‘Bharat’ for its next phase of growth

In a major boost to <a href="http://www.businessinsider.in/searchresult.cms?query=prime+minister+narendra+modi&amp;sortorder=effectivedate">Prime Minister Narendra </a><a href="http://www.businessinsider.in/searchresult.cms?query=prime+minister+narendra+modi&amp;sortorder=effectivedate">Modi</a>’s initiatives, <a href="http://www.businessinsider.in/searchresult.cms?query=digital+payments&amp;sortorder=effectivedate">digital payments</a> through the Unified Payments Interface (<keyword id="6358921" type="COMPANY" weightage="100" keywordseo="UPI">UPI</keyword>) surged to Rs 2,000 crore in March, a 20% jump from January. 
 
As per the data by<a href="http://www.businessinsider.in/searchresult.cms?query=rbi&amp;sortorder=effectivedate"> Reserve Bank of India</a> (RBI), transactions through <a href="http://www.businessinsider.in/searchresult.cms?query=UPI&amp;sortorder=effectivedate">UPI</a>, mobile-based national payment system, jumped to Rs 2,000 crore in March, up from Rs 1,660 crore in January. 
 "We already have 44 banks on UPI, of which 35 have their own applications available on the (Google) Play Store; <keyword id="1461878" type="PERSON" weightage="20" keywordseo="Bhim">BHIM</keyword> is seeing around 80,000 transactions per day; and we are registering almost 2 lakh transactions on the entire UPI railroad," said AP Hota, managing director at <keyword id="6383340" type="ORGANIZATION" weightage="20" keywordseo="National-Payments-Corporation-of-India">National Payments Corporation of India</keyword>, the body that runs the UPI platform and BHIM app. 
 The surge in UPI is due to BHIM app (<keyword id="4013166" type="UNKNOWN" weightage="20" keywordseo="Bharat-Interface-for-Money">Bharat Interface for Money</keyword>) and non-bank payment apps such as PhonePe and Trupay. 
 
"We have already tied up with Reliance Retail for UPI transactions on point of sales terminals and are planning to get more merchants on board to start accepting UPI-based payments," Hota said. 
 Sameer Nigam, CEO at <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>'s payment app PhonePe, said the app accounts for almost half the number of all UPI transactions and 22-25% of total value of such transactions. 
 
"For us because of the Flipkart partnership we are observing a significant chunk of this payment for merchant transactions as well besides only peer to peer payments," he told ET, adding “together with UPI and our wallet-based payments we will reach around $1.3 billion worth of payments in an annualised manner.”

Boost to Modi’s initiative; digital payments through UPI see 20% jump in March

<ul><li>WhatsApp <keyword id="6355515" type="General" weightage="20" keywordseo="business" source="Orion">Business</keyword> has now become a survival tool for <keyword id="15175643" type="General" weightage="20" keywordseo="solopreneurs" source="Orion">solopreneurs</keyword> who cannot afford to employ staff to take care of customers.</li><li>Features in WhatsApp Business allow solopreneurs to grow customer networks by spending as little as ₹1,000 to market their goods and services on Meta’s other social platforms.</li><li>Features like “away” and “auto reply” help solopreneurs handle a larger number of customers with ease.</li></ul> Ghosting is rude, but not replying to a customer on time can cost your business a lot of money. Shikha Yadav, a beautician in Lucknow, learned this the hard way when she could not take her regular customer’s call. For solopreneurs – who don’t have full blown customer service teams – WhatsApp Business has come as a lifesaver as it enables them to answer queries when they are busy. In fact, WA Business is now a shortcode for success when it comes to small and even medium businesses as this app has solved many problems of such entities and given them affordable tools to expand their reach and fetched new customers for their offerings. Automation and bots are not just for the big businesses. Yadav used to service her customers in Lucknow by visiting their homes but started losing her regular customers as she could not take their calls while she was attending to others. Soon one of her customers, in frustration, advised her to download the WhatsApp Business app to prevent customer attrition with the “auto reply” and “away” features. Explains Yadav, “The ‘away message’ feature has made my life simpler. My clients now receive a timely response from me, which has helped me maintain my relationships with them.” <div type="image" title="Shikha Yadav, a beautician in Lucknow is using WhatsApp Business for her salon service" msid="94673543" hostid="261" caption="&amp;lt;p&amp;gt;Shikha Yadav, a beautician in Lucknow is using WhatsApp Business for her salon service&amp;lt;/p&amp;gt;"></div> The pandemic hurt small and large businesses alike, but for solopreneurs like Yadav, life came to a standstill and connecting with her existing and new customer base was a huge challenge. Many solopreneurs – mainly standalone service providers like beauticians, tuition teachers, tailors, handicraft manufacturers and even small farmers – who lost their existing customer base due to the disruptions and lockdowns during the pandemic, have now started using technology tools to rebuild their customer networks by showcasing their products and services through WhatsApp. Social commerce is the new kid in town Over the last few years, even grandparents have taken to social platforms like WhatsApp, Facebook and Instagram. Now, these social platforms are being leveraged by housewives and solopreneurs to create an income from their social networks by selling them unique products and services. The seamless interface between the three social platforms is also helping these small businesses market their products and services. Explains beautician Yadav, “I am not very well educated, but I can still use WhatsApp Business App easily.” Just as chatting with friends and family on WhatsApp is easy, conducting business on it is easier. The social platform has become a tool that many housewives use to resell products they buy from other e-commerce platforms in smaller towns and villages. The seamless access to Facebook and Instagram, where they can boost their posts to help more customers discover their products and services, has also helped solopreneurs immensely. Says Yadav, “For a small amount, I can boost my post and promote my services on Facebook and Instagram. In fact, I am now able to showcase my services through my own videos and that has really helped me get more clients.” Technology tools are spawning new businesses In many cases, the WhatsApp Business app has actually spawned new businesses that did not even exist prior to the pandemic. Rajeev Khera’s Chakki Peesing is a company that grinds and delivers freshly ground pulses, grains and wheat to consumers in Gurugram. Khera’s family comes from Madhya Pradesh and it was during the pandemic, while providing grains to migrant workers camping in his society, an idea to start his own business was born. The best variety of wheat called Sharbati comes from Madhya Pradesh and Khera wanted to bring the flour made from that wheat to his customers across Delhi NCR. In 2020, Khera decided to start a hyperlocal business of supplying freshly-ground flour to customers in Gurugram. Chakki Peesing started with one chakki – Khera insists it is not a flour mill but a traditional way of grinding flour at low intensity to preserve its goodness. Khera started with 100 customers and now serves 5,000 spread across Delhi NCR. He explains: “Our fundamental proposition is against packaged atta (flour) as preservatives are added to it to increase shelf life. Our promise is to serve freshly-ground flour from the best wheat. When we started in 2020, the challenge was to reach our clientele, who are mostly women as they buy groceries. Having WhatsApp Business helped us connect with our customers.” The pitch to eat healthy is influencing choices of consumers across categories and Khera has found a sweet spot with his offering. His offering now includes flour of different kinds and even mixes. He offers consultation and customised atta mixes to his clients with different needs. <div type="image" title="Rajiv Khera uses WhatsApp Business app to manage customers in different locations" msid="94673662" hostid="261" caption="&amp;lt;p&amp;gt;Rajiv Khera uses WhatsApp Business app to manage customers in different locations&amp;lt;/p&amp;gt;"></div> How does WhatsApp Business app work? The WhatsApp Business app allows entrepreneurs to showcase their offerings through a catalogue and the cart feature enables consumers to choose multiple products and send the order as a single message. Explains Khera, “The messages come to us in the form of a cart. We also used the quick-reply feature to answer frequently-asked questions on the products.” This has helped many solopreneurs like Khera save time and manpower in the form of automated replies. WhatsApp Business also allows multiple groups to be managed by the same entrepreneur – Khera uses it to manage customers in different locations of NCR. Now Chakki Peesing is looking to go national with its offerings by tying up with smaller entrepreneurs across India. Making it easy for customers to connect WhatsApp Business enables users to greet new customers automatically with a customary welcome message, which can be automated. It also allows users to use shortcuts to respond to common questions fast and reply instantly to customers, even when they are not available. The app also helps users to stay organised by keeping business and personal conversations separate. Marketing their businesses is also easy – the app has simple tools that allow them to promote their posts on Instagram and Facebook. A tuition teacher or a saree seller in Indore can now reach a much wider audience through the <keyword id="15175642" type="General" weightage="20" keywordseo="WhatApp-Business" source="Orion">WhatApp Business</keyword> app. When the entire world was shut down due to the pandemic, Jeevan Handicrafts in Rajasthan found no takers for its handicrafts that it used to sell to tourists. Explains Deepak Badaria, who runs the small handicrafts business in Rajasthan: “We were also exploring new things during the pandemic and after the lockdown I heard of the WhatsApp Business App. I quickly organised my products into a catalogue and started sharing it with friends and other groups. Before launching his business on WhatsApp, my company Jeevan Handicrafts used to handle only 2-3 customers per day but today, with this feature, we are able to manage 150-200 customers per day.” Jeevan Handicrafts has customers even from the UK and the US as he promotes his wares on Facebook and Instagram using his laptop. Most of his customers are wholesalers and they directly get his WhatsApp Business number from Facebook and contact him. <div type="image" title="Jeevan Handicrafts has customers from the UK and the US as he promotes his business using Whatsapp Business" msid="94673727" hostid="261" caption="&amp;lt;p&amp;gt;Jeevan Handicrafts has customers from the UK and the US as he promotes his business using Whatsapp Business&amp;lt;/p&amp;gt;"></div> Transparency and better pricing The search for better prices took the founder of Mechanic Guru, Gaurav, to WhatsApp Business after he started his business that sought to connect car owners with garages that could repair and serve all kinds of cars. He tied up with garages across Gurugram to provide car owners the ease of booking slots to repair their cars. However, building a customer network was not easy – even after he hired a team to market his business on digital platforms. He switched to the app and brought his existing customers on the app to provide them with live updates. The purpose was to provide transparency in pricing. Says Gaurav, “I spend ₹1,000 a week on promotions and it fetches me 25 queries.” He manages to gain customer leads from social platforms and services them on WhatsApp by sharing his catalogue. Car owners can also book their slots for car services using a QR Code or by simply sending a message on the Mechanic Guru’s WhatsApp business account number. <div type="image" title="The founder of Mechanic Guru, Gaurav, used WhatsApp Business to tie up with garages across Gurugram" msid="94673817" hostid="261" caption="&amp;lt;p&amp;gt;The founder of Mechanic Guru, Gaurav, used WhatsApp Business to tie up with garages across Gurugram&amp;lt;/p&amp;gt;"></div> WhatsApp Business has given a <keyword id="2291542" type="General" weightage="20" keywordseo="new-lease-of-life" source="Orion">new lease of life</keyword> to many solopreneurs who had lost their markets and customer bases after the lockdowns began in 2020. Not only have small businesses got a new lease of life, but the suite of services that WhatsApp Business offers is also spawning new ideas like Chakki Peesing. For those who want to spread their wings and go national or even global, WhatsApp Business offers an architecture that allows APIs to plug in and use the existing platform to service customers at a much larger scale. SEE ALSO <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/india-emerges-as-the-worlds-largest-producer-consumer-of-sugar/articleshow/94664666.cms">India emerges as the world's largest producer, consumer of sugar</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/india-incs-foreign-commercial-borrowings-rise-by-4-6-in-august/articleshow/94664946.cms">India Inc's foreign commercial borrowings rise by 4.6% in August</a>

WhatsApp Business gives a new lease of life to solopreneurs across India and Bharat

Finance minister Nirmala Sitharaman on Tuesday announced the <keyword id="12280048" type="General" weightage="20" keywordseo="pm-gati-shakti" source="Orion">PM Gati Shakti</keyword> National Master Plan aimed at making logistics connectivity seamless across the length and breadth of the country. Sitharaman described the <keyword id="11977289" type="General" weightage="20" keywordseo="gati-shakti" source="Orion">Gati Shakti</keyword> plan – a massive infrastructure development undertaking – to encompass the ‘engines’ of growth, namely roads, railways, mass transport, seamless multi-modal connectivity. In deference to the request from many states, the outlay of the Scheme for Financial Assistance to states has been increased from ₹10,000 crore to ₹15,000 crore. The allocation for FY23 is ₹1 lakh crore to catalyse overall investments in the economy. The 50-year interest free bonds are over and above the normal borrowings by the states. This will be used for Gati Shakti, rural road projects, town planning schemes etc. The Gati Shakti project aims to create a synergy between infrastructure and logistics, both of people and goods, and location of projects. Here are the key takeaways of the announcements under the PM Gati Shakti National Master Plan: <ul><li>A scheme for expressways will be formulated in 2022-23 to facilitate faster movement of people and goods.</li><li>The national highways network will be expanded by 25,000 kilometres in 2022-23, with an outlay of INR 20,000 crores via financing.</li><li>A new Unified Logistics Interface Platform will be brought in to facilitate data exchange between operators across different modes of transport, aimed at implementing a just-in-time approach for logistics management and giving access to real-time information to operators.</li><li>A new open-source mobility stack for organising seamless travel of passengers will be facilitated.</li><li>Contracts for implementation of multi-modal logistics parks at four locations will be awarded on a public-private-partnership (PPP) mode in 2022-23.</li><li>Railways will develop new products and logistics services for small farmers, and small and medium enterprises.</li><li>Railways will integrate railways and postal networks for seamless movement of parcels.</li><li>A 2,000-kilometre railway network will be brought under ‘Kavach’ for safety and capacity augmentation.</li><li>400 new-generation Vande Bharat trains with better energy efficiency and passenger riding experience will be developed and manufactured over the next three years.</li><li>100 PM Gati Shakti cargo terminals for multi-modal logistics facilities will be developed in the next three years.</li><li>‘Innovative’ financing options will be encouraged for building metro systems of appropriate type and scale.</li><li>Facilitation of multi-model connectivity options between mass urban transport and railway stations.</li><li>Standardisation of metro systems and civil structures based on Indian needs.</li><li>Parvatmala, a preferred ecologically sustainable alternative to conventional road systems in hilly areas – also known as National Ropeways Development Programme, will be undertaken in PPP mode.</li></ul>SEE ALSO: <a href="https://www.businessinsider.in/budget/news/union-budget-2022-speech-highlights-and-updates-from-finance-minister-nirmala-sitharaman/articleshow/89264352.cms">Budget 2022: Watch out for the highlights from Finance Minister Nirmala Sitharaman’s speech</a> <a href="https://www.businessinsider.in/budget/news/minda-industries-sona-comstar-greaves-cotton-amongst-biggest-gainers-as-investors-bet-on-budget-2022-being-ev-friendly/articleshow/89264077.cms">Minda Industries, Sona Comstar, Greaves Cotton amongst biggest gainers as investors bet on Budget 2022 being EV-friendly</a> <a href="https://www.businessinsider.in/stock-market/news/shares-of-fmcg-companies-rise-on-hopes-of-consumption-boost-for-the-sector/articleshow/89263952.cms">Britannia, Dabur, Marico surge on hopes that budget will leave people with more money to buy stuff</a>

PM Gati Shakti National Master Plan aims to bring synergy between infrastructure and logistics across the length and breadth of India

<ul><li><keyword id="6358921" type="ORGANIZATION" weightage="20" keywordseo="upi">UPI</keyword> crossed ₹5 lakh crore in value in March with 2.3 billion transactions, closing the financial year 2021 on a big high.</li><li>Over the past one year, UPI has seen exponential growth and taking home the biggest shares in the market are players like PhonePe, Paytm and Google Pay.</li><li>But the growing numbers also come at a time when the National Payments Corporation of India is looking to cap each company’s market share in UPI.</li></ul>United Payments Interface or UPI, India’s big digital payments bet, has broken a new record. UPI crossed ₹5 lakh crore in value in March across 2.30 billion transactions, closing the financial year 2021 in a big high. The March numbers come after a marginal dip in February. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Transaction value in crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Transaction volume in billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,31,181 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.30 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">February 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,25,062 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.29 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,04,886 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.73 </td></tr></tbody></table>Source: NPCI Over the past one year, UPI has seen exponential growth and taking home the biggest shares in the market are players like PhonePe, Paytm and Google Pay. But the growing numbers also come at a time when the National Payments Corporation of India (NPCI) is looking to cap each company’s market share in UPI. According to the NPCI’s official statement, <keyword id="4052276" type="PERSON" weightage="20" keywordseo="UPI-transactions">UPI transactions</keyword> on third party payment apps cannot exceed 30% of the overall volume of transactions processed in UPI during the preceding three months. While the cap will be effective from January 1, 2021, existing third party operators like Google Pay and PhonePe, who have 40% market share, have been given until 2022 to comply with the new rules. According to a report by Boston Consulting Group and Federation of Indian Chambers of Commerce &amp; Industry (FICCI), India’s fintech is a $100 billion opportunity and UPI has had a major role to play in that. “From large payments players to upcoming RegTech startups, India’s public digital infrastructure—IndiaStack, has been the wind beneath India FinTechs’ wings. On top of Aadhaar and UPI, several layers like the Bharat Bill Payment System and Aadhaar Enabled Payment System have been built,” said the report. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/paytm-money-set-to-hire-250-engineers-for-its-new-technology-centre-in-pune/articleshow/81813092.cms">Paytm Money set to hire 250 engineers for its new technology centre in Pune</a>

India’s digital payments soar – UPI crosses ₹5 lakh crore in transaction value in March

New Delhi, June 1 (IANS) Security researchers have discovered that about 7.26 million records linked to users of mobile payments app BHIM were left exposed to the public by a website. The exposed data included sensitive information such as names, dates of birth, age, gender, home address, caste status and Aadhaar card details, among others, said the report from VPN review website vpnMentor. "The scale of the exposed data is extraordinary, affecting millions of people all over India and exposing them to potentially devastating fraud, theft, and attack from hackers and cybercriminals," the security researchers from vpnMentor wrote in a blog post on Sunday. The breach was closed late last month after the researchers contacted India's Computer Emergency Response Team (CERT-In) twice in a month's time. The BHIM website in question was developed by a company called CSC e-Governance Services LTD. in partnership with the Indian government. "In this case, the data was stored on an unsecured Amazon Web Services (AWS) S3 bucket," the researchers said, adding that S3 buckets are a popular form of Cloud storage across the world but require developers to set up the security protocols on their accounts. "We reached out to the website's developers to notify them of the misconfiguration in their S3 bucket and to offer our assistance. After not receiving a reply, we contacted India's Computer Emergency Response Team (CERT-In), which deals with cybersecurity in the country," they added. It appears CSC established the website connected to the misconfigured S3 bucket to promote BHIM usage across India and sign up new merchant businesses, such as mechanics, farmers, service providers, and store owners onto the app, according to the research led by vpnMentor's Noam Rotem and Ran Locar. The volume of exposed data which was first discovered by the security researchers on April 23 amounted to 409GB. "It's difficult to say precisely, but the S3 bucket seemed to contain records from a short period: February 2019. However, even within such a short timeframe, over 7 million records had been uploaded and exposed," said the report. "The exposure of BHIM user data is akin to a hacker gaining access to the entire data infrastructure of a bank, along with millions of its users' account information," it added. Offered by the National Payments Corporation of India (NPCI), the app BHIM, or Bharat Interface for Money, was launched in 2016. --IANS gb/na

7.26 million records of BHIM users data leaked: Report

New Delhi, June 1 (IANS) Security researchers have discovered that about 7.26 million records linked to users of mobile payments app BHIM were left exposed to the public by a website. The exposed data included sensitive information such as names, dates of birth, age, gender, home address, caste status and Aadhaar card details, among others, said the report from VPN review website vpnMentor. "The scale of the exposed data is extraordinary, affecting millions of people all over India and exposing them to potentially devastating fraud, theft, and attack from hackers and cybercriminals," the security researchers from vpnMentor wrote in a blog post on Sunday. Offered by the National Payments Corporation of India (NPCI), the app BHIM, or Bharat Interface for Money, was launched in 2016. In a statement on Monday, the NPCI said that "there has been no data compromise at BHIM App." "We have come across some news reports which suggest data breach at BHIM App. We would like to clarify that there has been no data compromise at BHIM App and request everyone to not fall prey to such speculations. NPCI follows high level of security and an integrated approach to protect its infrastructure and continue to provide a robust payments ecosystem," said the NPCI. In its report, vpnMentor also said that the website that leaked the data was developed by a company called CSC e-Governance Services LTD. in partnership with the Indian government. The issue was resolved late last month after the researchers contacted India's Computer Emergency Response Team (CERT-In) twice in a month's time. "In this case, the data was stored on an unsecured Amazon Web Services (AWS) S3 bucket," the researchers said, adding that S3 buckets are a popular form of Cloud storage across the world but require developers to set up the security protocols on their accounts. "We reached out to the website's developers to notify them of the misconfiguration in their S3 bucket and to offer our assistance. After not receiving a reply, we contacted India's Computer Emergency Response Team (CERT-In), which deals with cybersecurity in the country," they added. It appears CSC established the website connected to the misconfigured S3 bucket to promote BHIM usage across India and sign up new merchant businesses, such as mechanics, farmers, service providers, and store owners onto the app, according to the research led by vpnMentor's Noam Rotem and Ran Locar. The volume of exposed data which was first discovered by the security researchers on April 23 amounted to 409GB. "It's difficult to say precisely, but the S3 bucket seemed to contain records from a short period: February 2019. However, even within such a short timeframe, over 7 million records had been uploaded and exposed," said the report. "The exposure of BHIM user data is akin to a hacker gaining access to the entire data infrastructure of a bank, along with millions of its users' account information," it added. --IANS gb/na

7.26 million records of BHIM user data leaked: Report

<ul><li>Sahil Kini and Nikhil Kumar, former <keyword id="3512676" type="PERSON" weightage="20" keywordseo="IndiaStack">Indiastack</keyword> members, have launched a <keyword id="2461546" type="PERSON" weightage="20" keywordseo="FinTech">fintech</keyword> sandbox called <keyword id="86111" type="ORGANIZATION" weightage="20" keywordseo="Setu">Setu</keyword>. </li><li>They have raised a funding of $3.5 million from Lightspeed Ventures and Bharat Innovation Fund. </li><li>Setu already has a live product called “Collect” which will help digital lenders or businesses collect payments online.</li></ul>Sahil Kini and Nikhil Kumar, members of Indiastack – the company that was behind the technology for India’s <keyword id="155319" type="COMPANY" weightage="20" keywordseo="Aadhar">Aadhar</keyword> and <keyword id="6358921" type="ORGANIZATION" weightage="20" keywordseo="upi">UPI</keyword> – have launched their own fintech sandbox called Setu. The duo also recently <a href="https://entrackr.com/2019/04/sahil-kini-nikhil-setu/">raised </a> a seed funding of $3.5 million from Lightspeed Ventures and Bharat Innovation Fund. Their newly founded company – Setu aims to build the future of finance. They offer low-cost, modular API infrastructure for bills, credit, savings and payments. With Setu, which works like a regulatory sandbox (a testing environment where new or untested software or coding can be run securely), fintech developers would get a chance to test their technology before going live. “Making every company a fintech company - that is the goal. By making it easy for businesses and developers to integrate with banking and other financial systems, the company’s ultimate mission is to advance accessibility and affordability of financial products for all,” said Sahil Kini, co-founder and CEO of Setu to <a href="https://tech.economictimes.indiatimes.com/news/startups/api-infrastructure-startup-setu-raises-3-5m-led-by-lightspeed-india/68822844">ET</a>. They have already launched a product called “Collect” which will connect billers to payment apps, where billers (digital lenders, online subscription businesses, insurance companies, mutual funds etc) can use this platform to accept payments. Both Kini and Kumar come from Indiastack, an organization that provides “a set of APIs (Application Programming Interface) that allows governments, businesses, startups and developers to utilise a unique digital Infrastructure”. Indiastack had received <a href="https://www.huffingtonpost.in/2018/06/06/after-beta-testing-on-a-billion-indians-the-tech-behind-aadhaar-is-going-global_a_23452248/">global</a> attention when Prime Minister Narendra Modi mentioned the organization and its uses during his speech at the Singapore Fintech Festival. See Also: <a href="https://www.businessinsider.in/why-the-government-wants-more-from-indias-booming-digital-lending-market/articleshow/65778046.cms">Why the government wants more from India's booming digital lending market</a> <a href="https://www.businessinsider.in/from-mswipe-to-poynt-startups-are-investing-in-smart-billing-machines/articleshow/68684412.cms">A lot of money is flowing into making 'smart' billing machines in India</a>

The guys behind Aadhar and UPI’s technology now have their own fintech sandbox

Prime Minister Narendra <keyword id="6354642" type="PERSON" weightage="100" keywordseo="Modi">Modi</keyword> today launched a series of programs to celebrate the birth anniversary of the architect of the Constitution of India, Dr. BR Ambedkar. The prime minister formally launched the merchant interface of the Bharat Interface for Money (<keyword id="1461878" type="PERSON" weightage="20" keywordseo="Bhim">BHIM</keyword>) mobile application. This will enable Indian citizens to make digital payments using their biometric data such as their thumb imprint on a merchant's biometric-enabled device. The PM also launched two new incentive schemes for the BHIM — cashback and referral bonus — with an outlay of Rs 495 crore for a period of six months. <div type="embedgroup"> <div type="Article" hostid="261" msid="58144238" title="Exclusive: Rajan Anandan, VP, Google India says that it is the Beginning of the Start-up Boom in India" rank="1.0" kind="RELATED" publishDate="Apr 12, 2017, 2:15 PM" mstype="2" mssubtype="0"></div></div>
 He also distributed awards to winners of the <keyword id="3960561" type="UNKNOWN" weightage="60" keywordseo="Lucky-Grahak-Yojana">Lucky Grahak Yojana</keyword> and DigiDhan Vyapar Yojna. These schemes were launched last year to promote digital payments in India.

PM Modi officially launches BHIM on BR Ambedkar's anniversary

The<a href="http://www.businessinsider.in/searchresult.cms?query=+National+Payments+Corporation+of+India&amp;sortorder=effectivedate"> National Payments Corporation of India</a> (<keyword id="193629" type="CITY" weightage="20" keywordseo="NPCI">NPCI</keyword>) launched the Indian Government’s Bharat Interface for Money (<a href="http://www.businessinsider.in/searchresult.cms?query=BHIM&amp;sortorder=effectivedate">BHIM</a>) on <a href="http://www.businessinsider.in/searchresult.cms?query=Apple+app+store&amp;sortorder=effectivedate">Apple app store</a>. 
 The app on <keyword id="75489" type="ORGANIZATION" weightage="20" keywordseo="IOS">iOS</keyword> platform is equipped with features such as pay to <a href="http://www.businessinsider.in/searchresult.cms?query=Aadhaar+number&amp;sortorder=effectivedate">Aadhaar number</a>, customer redressal mechanism with drop down menu, NPCI said. 
 
"The BHIM app will now cater to almost 100% smartphone users in the country with the launch on iOS platform. This will ensure wider acceptance for digital transactions among consumers across all sections," said NPCI managing director and CEO A P Hota. 
 
The languages offered currently are English and Hindi. 
 
BHIM is a smart mobile phone based app that allows simple, easy and quick payment transactions using UPI.

PayTM should be worried as BHIM app comes to iPhones; tops chart on debut

<ul><li>Snapdeal added 6 million new buyers on its platform during the pandemic.</li><li>Its recent 5-day sale kicked-off on October 16 and ended on October 20. </li><li>Rajnish Wahi, Senior Vice President, Snapdeal tells us some of the trends the platform saw during its pre-Diwali sale, its plan to go deeper into Bharat and USPs that helped it stand out in the clutter of online sales. </li></ul>Indian consumers have always been value-conscious, who take pride in their haggling skills and with the pandemic, buyers are expecting greater value for their spends. Therefore, e-commerce player Snapdeal’s sale, which took place between October 16 to 20, focused on offering ‘Kum Mein Dum Diwali,’ i.e., value deals for lesser money. According to Snapdeal, less than 5% percent of retail is online and during this on-going <keyword id="36208" type="PERSON" weightage="20" keywordseo="festive-season">festive season</keyword>, the platform’s aim is to bring more users online and give them strong reasons to switch. Snapdeal observed that consumers weren’t willing to buy premium brands this year and wanted to access the online platforms in their regional language. So, as other e-commerce platforms offered premium brands at a discounted price, Snapdeal wanted to make online shopping more inclusive for buyers across India. It focused more on non-metro cities, which is a market with potential 400 million users and shipped orders to rural places like Palasner in Maharashtra, Abdasa in Gujarat, Kalsi in Uttarakhand, Chitkul in Himachal among many others. Ahead of the sale, Snapdeal added 1300 new pin codes to go deeper into Bharat, areas which were previously unserviceable or where users were compelled to travel to nearby towns to collect their orders. It also updated its user interface by adding eight languages including Hindi, Tamil, Kannada, Telugu, Malayalam, Gujarati, Punjabi, and Marathi. As a result, 70% of its orders were received by sellers located beyond the top 5 metropolitan areas of the country and 90% of its orders were placed from non-metro cities. We caught up with Rajnish Wahi, Senior Vice President, Snapdeal to further understand some of trends that the platform saw during its sale. Excerpts: Q. The role of engagement and communication has never been more important, especially in today’s digital-first world. How are you making sure your communication during this year's sale is relevant to consumers? Snapdeal is sharply focused on catering to the value-conscious consumers, who see e-commerce as the connecting link between their aspirations, access and affordability. Our theme for this year’s festive sale - “Kum Mein Dum Diwali '' clearly communicates our core message - your shopping rupee has more value this year. As part of our sale preparations, we had conducted a survey of nearly 1.25 Lakh users and one of the key insights was user unwillingness to pay for brand premiums this year and instead focus on the functional value of their purchases. Based on these inputs, the festive assortment was expanded in a focused manner by on-boarding additional sellers for popular products like kitchen appliances, kitchenware, bed linen, apparel, footwear and fashion accessories like watches, wallets, etc. Shaping our sale offers around the clearly-stated expectations of our customers and conveying the same unambiguously through our festive promotions and digital marketing is the sum and substance of our festive communication. Q. This year is different. People have been observed to be judicious in spending. How has the consumer sentiment improved? While 2020 has been a volatile year, we see that there are many tailwinds that are propelling our business. The pandemic has resulted in redistribution of demand between offline and online channels, with online gaining share due to its inherent advantages of reach, convenience, large assortment and safety of buying from home. It has also accelerated the familiarity and acceptance of e-commerce amongst new buyers. With the pandemic, consumers have become more price conscious and are likely to opt for lesser-priced products, while not compromising on their quality expectations. Given all of this, we have seen two sets of buyers come on Snapdeal - one which is trading up to a better assortment and one that is trading down and opting for better functional value instead of big brands. In fact, we have added 6 million new buyers on our platform in the pandemic. We are witnessing the return of enthusiasm for festivities and it is also apparent that online channels will be a preferred medium for a larger number of buyers this year. But it will also be different this year, as more people will be price conscious and will look to spend on quality products that suit their price sensibilities. In a way, Snapdeal’s “Kum Me Dum” focus is about “offering more choices at price points better than last year”, especially for popular categories like home &amp; fashion, which has been made possible by year-long focus on expanding our value selection. Q. With the on-going festive season, many other platforms will have their Sales days too. How do you then cut the clutter and make sure you win consumers? How will you be different from the other players in the segment? Snapdeal is synonymous with value e-commerce. While others in the industry are now starting to build a value segment, we at Snapdeal have been focused on “only value” for the last three years. While other platforms are making efforts to sell branded items at discounted prices, these are still not affordable for a majority of the buyers in the country. On the other hand, we are focussed on bringing the depth and diversity of India's bazaars &amp; markets to the doorsteps of our users. On Snapdeal, buyers find endless varieties of regional and local brands that not only serve their needs, but also offer immense value at affordable prices. The result of our “Kum Mein Dum” Diwali sale bears testimony to this - more than 80% of Snapdeal’s Diwali shoppers chose to buy regional &amp; local brands on Snapdeal. The strong growth of lesser-known brands relative to national/international brands has been because of two key reasons: increased choice and a substantial price difference. Our value-focused positioning runs consistently through our selection and communication and is one the reasons why 90% of our orders flow from non-metros cities and towns across the country. Q. What are some of the other trends you are expecting to see this festive? Our first sales results are out and are reflective of how close the lives of users revolve around their homes. The sale in the home products category has grown by 30% over last year and has become the largest category on Snapdeal this year, overtaking the fashion category, which has traditionally been the top-performer at Snapdeal. The growth in the home category is propelled by popular products like kitchen appliances, kitchenware, bed &amp; bath,decor,cleaning equipment, lighting and comforters &amp; blankets etc. This growth in the fitness category reflects the extra time that people have on their hands and also underscores heightened awareness about personal health &amp; fitness. This category has grown by 45% over last year led by gym essentials like tummy trimmers, push-up bars, wrist supports, fitness gloves, hand grip strengtheners etc. Users buying sports equipment like badminton racquets &amp; cricket sets and weighing machines are also strong consumer trends. While the fashion category has also grown from previous years in terms of shipped units, the growth is less than other higher-performing categories. In the fashion category, there is an increased spending on kidswear in the festive season. . Among popular picks in Snapdeal’s Diwali sale are men’s &amp; women’s grooming products, nutritional supplements, religious items (prayer books, temples accessories etc). With the deterioration of air quality in North India, the sale of N95 masks, air-purifier filters, anti-pollution skincare items, skin moisturisers, lip balms has also increased. Snapdeal also witnessed an increase in gifting via e-commerce early in this festive season. The range of festivals starting with Karva Chauth and followed by Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja have become important gifting occasions for users in various parts of the country. While in the previous years, shoppers used e-commerce channels to buy and ship to families &amp; friends in other cities, this year many shoppers in metro cities are also sending gifts to people living in the same cities. This year gift cards have also been hugely popular among people to send to their friends and family, with a 3X surge in orders as compared to the festive sale last year. These included gift cards of travel, entertainment, food and retail brands which were upto 30% off. Q. How are you working towards improving the overall consumer experience? E-Commerce in India has grown beyond the first 100 Mn largely urban, English-speaking users. A market of potentially 400 Mn users is now emerging across India’s smaller non-metro cities. This is a very diverse cohort in terms of languages spoken, literacy levels, frequency of online purchases and familiarity with technology. A large part of Snapdeal’s existing user base and new users come from this cohort and all our focus and efforts are on building the right experience that our users want. That means we work tirelessly to give them a wide array of products to choose from, and at just the right prices they are looking to spend. We also make it easy in many other ways for users to buy on Snapdeal. This includes providing interfaces on our app &amp; m-site in eight Indian languages, so that they can browse through products &amp; transact in a language of their choice. We also enable conversation with our customer service agents in multiple Indian languages. Transaction and promotional messages all are available in many Indian languages. Some other ways, in which we support our users to buy is by helping them make well-informed choices through short 10-second product videos which are far more captivating and help buyers to make decisions faster than static pictures of the products concerned, easy 7-days return, no questions asked refunds policy. We are the only platform that provides uninterrupted access to cash-on-delivery option even during the turbulent early days of pandemic lockdowns. Q. Which are your strongest markets currently? How are you planning to strengthen your presence in other markets? We have a strong pan India presence. During the current sale and consistent with Snapdeal’s positioning, more than 90% of Snapdeal’s orders were placed from non-metro cities. Populous cities like Nagpur, Vijayawada, Surat, Bhopal, Chandigarh, Visakhapatnam, Ranchi, Patna, Guwahati and others continued to drive orders on Snapdeal, but smaller cities like Sagar (Madhya Pradesh), Raniganj &amp; Durgapur (West Bengal), Patiala &amp; Gurdaspur (Punjab), Anand, Bharuch, Una, (Gujarat), Miryalaguda (Andhra Pradesh) and Bhimavaram (Telangana) also clock impressive order volumes. With our recent network expansion, Snapdeal has also shipped orders to rural places like Palasner in Maharashtra, Abdasa in Gujarat, Kalsi in Uttarakhand, Chitkul in Himachal amidst many others. Q. What are your current MAUs? More than 70 million users visit Snapdeal every month to browse and buy from our vast catalogue of 220 million plus listings. Q. What kind of target have you set for this year's sale? Do you anticipate people to buy more, considering a lot of people might have pushed buying things for the festive season? What kind of numbers do you aim to reach this year? Less than five percent of retail is online, which is an incredibly small penetration number. In our view, Diwali or not, our job to bring more buying options for our users doesn’t change. Diwali does serve as a milestone to accelerate some of our related initiatives or build virtual infrastructure to connect the dots between demand and supply in our country. This year, ahead of the festive season, we on-boarded additional sellers of popular products like kitchen appliances, kitchenware, bed linen, apparel, footwear and fashion accessories like watches, wallets, etc., as indicated by our users in a survey. In the run-up to Diwali, Snapdeal also on-boarded 5000 manufacturer-sellers who sell products like water purifiers, choppers &amp; blenders, steel &amp; copper utensils, crockery items, bedsheets, quilts, geysers, etc directly from their manufacturing units. This year, we knew more and more people would be buying online and ahead of the sale, and expanded our network to add 1300 new pin codes to go deeper into areas which were previously unserviceable or where users were compelled to travel to nearby towns to collect their orders, reaching out to 50 million additional users. Today, we are India's leading value-focused marketplace with more than 500,000 registered sellers and we cover 27000 + pin code areas across the length and breadth of the country.

Why Snapdeal targeted non-metro cities and rural India during its pre-Diwali sale

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>A cyber blackmail ring is targeting the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword> with bogus, malware-filled emails pretending to come from big name companies and government bodies.<a href="http://blog.trendmicro.com/trendlabs-security-intelligence/torrentlocker-surges-in-the-uk-more-social-engineering-lures-seen/" title="TorrentLocker Surges in the UK, More Social Engineering Lures Seen">Trend Micro fraud analyst Paul Pajares and senior architect Jon Oliver reported uncovering the scam</a> in a threat advisory.The emails masquerade as messages from one of roughly 800 legitimate sources and are designed to infect victims PCs and laptops with a special form of malware called TorrentLocker."We've noticed a recent increase in TorrentLocker-related emails being sent to users in several countries, particularly the United Kingdom," read the advisory."[In the UK] TorrentLocker-related emails pretend to be from utilities like British Gas or government bodies like the Home Office or the Ministry of Justice."TorrentLocker is a particularly nasty piece of software that falls into the ransomware family of malware. Ransomware makes money by locking users out of their machines before demanding payment for returned access.Particularly dangerous variants, like TorrentLocker, also encrypt files stored on the laptop, or PC, making it all but impossible for anyone but the hacker to return access to the victim."[TorrentLocker] will scan the hard drive for Microsoft office based files (word documents, powerpoint, excel etc) and encrypt them using strong encryption," Bharat Mistry, cyber security consultant at Trend Micro, explained to Business Insider."After this is complete, it will change the User Interface and the Wallpaper to show a Ransom note which instructs victims to visit a payment site to issue the ransom of an amount. Typical values of $500 have been seen in the past."The specific emails in the latest TorrentLocker attacks can be partially identified because they require the victim click a link to a website owned by the hacker and then fill in a captcha before downloading the malware.Captchas are online authentication tools used by many web services that requires users to enter a numeric or alphabetic key contained in an on-screen picture into an adjacent text box.The Trend Micro researchers said people should remain on guard when receiving emails with captchas inside "especially if they just following a link in an email."They also recommended "when confronted with a captcha code [people should] use the phone to contact the organisation," the original message claimed to be from.The exact number of TorrenLockert infections remains unknown and Trend Micro could not give a firm figure when asked by Business Insider.TorrentLocker is one of many active ransomware campaigns. A separate ransomware campaign <a href="http://uk.businessinsider.com/adobe-flash-zero-day-exploit-kit" title="You really need to update your Flash Player now Read more: http://uk.businessinsider.com/adobe-flash-zero-day-exploit-kit#ixzz3ekAjo6yK">targeting a known security vulnerability in Adobe's commonly used Flash Player</a> was uncovered earlier this week. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/mark-cuban-snapchat-cyber-dust-privacy-2015-5">Mark Cuban explains why downloading Snapchat is a huge mistake</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="FuMzJkdTpvQYH_d3c-8LMnnwzGDr7n8x" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

You Searched For "Bharat Interface for Money" and got 13 results

PhonePe is looking at ‘Bharat’ for its next phase of growth

Samarpita Banerjee

Boost to Modi’s initiative; digital payments through UPI see 20% jump in March

BI India Bureau

WhatsApp Business gives a new lease of life to solopreneurs across India and Bharat

Malini Bhupta

PM Gati Shakti National Master Plan aims to bring synergy between infrastructure and logistics across the length and breadth of India

Rounak Jain

India’s digital payments soar – UPI crosses ₹5 lakh crore in transaction value in March

Sanchita Dash

7.26 million records of BHIM users data leaked: Report

IANS

7.26 million records of BHIM user data leaked: Report

IANS

The guys behind Aadhar and UPI’s technology now have their own fintech sandbox

Sanchita Dash

PM Modi officially launches BHIM on BR Ambedkar's anniversary

BI India Bureau

PayTM should be worried as BHIM app comes to iPhones; tops chart on debut

BI India Bureau

Why Snapdeal targeted non-metro cities and rural India during its pre-Diwali sale

Karuna Sharma

Watch out for these dodgy British Gas and Home Office emails, they're part of a blackmail scam

Alastair Stevenson

Full text of President Ram Nath Kovind's first address to the Parliament as the 17th Lok Sabha gets underway

BI India Bureau

Popular Keywords

Buying Guides