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PayTM sees surge in the use of its payment platforms, could turn profitable in 2021

Speaking at a panel on how technology can help tackle financial exclusion, Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM’s platforms as businesses were forced to accept digital payments.
PayTM, which began as a service for people to top up their mobile phones, offers a digital payment platform for merchants, money transfers and bill payments across India. Its lending businesses include credit cards, personal loans and merchant cash loans in partnership with other lenders.

RBI forms panel to look into digital lending practices

The regulator said on Wednesday, it was setting up a six-member working group to evaluate digital lending activities and identify risks posed by unregulated digital lending to financial stability, regulated entities and consumers.
In December, the RBI had issued a notice about lending apps, warning that some engaged in “unscrupulous activities”, such as charging excessive interest rates and fees.

COVID-19 spurs calls to boost protections for millions of homeworkers

“Homeworkers have been invisible for too long. But the explosion in homeworking during the pandemic has highlighted the poor working conditions experienced by millions worldwide,” ILO economist Janine Berg told the Thomson Reuters Foundation.

Homeworkers earn on average 13% less than non-homeworkers in Britain, 22% less in the United States, 25% less in South Africa and about 50% less in Argentina, India and Mexico, the ILO said in a report.

EU companies in China should ‘prepare for the worst’ in digital decoupling – report

Data flows, ICT equipment and digital goods and services would be where decoupling hurts companies the most, he said. Businesses are already grappling with some of these issues, with different definitions of “data” already having a “significant negative impact” on nearly half of the companies surveyed, the groups, European Chamber of Commerce in China and MERICS, a Berlin-based think tank, said in a report released on Thursday.

Bird flu: Centre asks states not to ban supply of poultry from other states

The release said that states should issue advisories on Dos and Don’ts regarding consumption of poultry and eggs, so as to avoid spreading of rumours/ misinformation thereby leading to economic loss for the poultry farmers. On Monday, Prime Minister Narendra Modi said poultry farms, zoos, water bodies will have to be constantly monitored to contain the disease. He had also asked all states to remain on alert to control the spread of the disease.

Chinese hackers luring Indian WhatsApp users into ‘part-time’ jobs

Such proliferating messages on WhatsApp, which come with attached links, claim that one can earn Rs 200 to Rs 3,000 in a day in 10 to 30 minutes.

“There are multiple links that redirect to a common URL and each link uses different numbers to send a message,” New Delhi-based think-tank Cyberpeace Foundation said in a statement.

Governments should partner with pvt sector to maximise the potential of digital healthcare in Asia:Survey

Social media is the most frequently cited source of personal health and wellness information. However, the survey respondents overwhelmingly agreed that the most trustworthy sources are national government and public health authorities. Governments can seize the opportunity by becoming the most reliable source of quality health information for citizens.

India records 12,584 new cases, lowest in seven months

The number of people who have recuperated from the disease surged to 1,01,11,294 pushing the national COVID-19 recovery rate to 96.49 per cent, while the COVID-19 case fatality rate stands at 1.44 per cent.

The COVID-19 active caseload remained below 3 lakh.

There are 2,16,558 active coronavirus infections in the country which comprises 2.07 per cent of the total caseload, the data stated.