Paytm Says Mobile Wallets Will Become Strong Players in Financial Ecosystem

Paytm Says Mobile Wallets Will Become Strong Players in Financial Ecosystem

Mobile wallets will become strong players in the financial ecosystem as the RBI guidelines on prepaid instruments will allow more features like unlimited transfer of funds between a bank account and a wallet, a top official of Paytm Payments Bank said.

Paytm Payments Bank MD-CEO Renu Satti said the RBI guidelines released this month will enable mobile wallets to gain access to more functionalities like unlimited transfer of funds between a bank account and a wallet and higher limit of up to Rs. 1 lakh for money transfer to beneficiary accounts.

She added that as part of Paytm Payments Bank, customers get the convenience of wallets and can earn interest on their deposits by transferring money from the wallet to their payments bank account.

“This will further strengthen the value proposition of mobile wallets and make them stronger players in the financial ecosystem,” Satti said.

Paytm has over 270 million registered wallet users. However, the mandate to undertake KYC of customers could be a challenge as mobile wallets companies will have to make additional investments in the diligence process.

The KYC (Know Your Customer) process allows banks and other institutions to obtain and verify information about customers’ identity and address.

As per the new norms, mobile wallets that were conforming to a minimum KYC format (like verification of mobile number) will have to get full KYC of customers done within 12 months of setting up the wallet.

Paytm has already said it plans to invest $500 million towards the KYC exercise over the next three years.

Satti said while the process may seem time-consuming, it will also help prevent identity theft, fraud and money laundering and ensure customers’ money is safer than ever before.

“The new RBI guidelines would bring greater confluence and power to m-wallets. It will also ensure money transfers are simpler and financial systems are safer,” she added.

Paytm has introduced a ‘Nearby KYC Points’ section in its app that directs users to nearby partner shops and locations where customers can get Aadhaar biometric KYC done for their Paytm wallets.

Paytm Payments Bank started its operations earlier this year. Its Chairman Vijay Shekhar Sharma owns majority stake in the company, while the remaining share is owned by One97 Communications.

Disclosure: Paytm’s parent company One97 is an investor in NDTV’s Gadgets 360.

[“Source-gadgets.ndtv”]

LinkedIn Connected Review: Annoying Emails Become Pretty Cards

LinkedIn Connected Review: Annoying Emails Become Pretty Cards

LinkedIn, the professional social network, has recently launched a new app for iPhone – LinkedIn Connected. This app, which replaces the old LinkedIn Contacts app on iOS, is LinkedIn’s attempt at changing how you connect with professionals in your network. It is only available in a few countries including the US at the moment.

LinkedIn Connected essentially lets you view all your LinkedIn contacts, and syncs them to your phone’s address book. Inside the app, your contacts are displayed as cards that show LinkedIn profiles, location and your notes on that person. For instance, if you have an interview with a person, you can add a note like, “Remember to ask about her upcoming concert”, and then when you check their card before the meeting, you have all the information you need at hand.

LinkedIn_Connected_Kunal.jpg

We tried the app for a few days and here’s what we thought about it.

LinkedIn Connected does a great job in terms of design. It uses a card-based design, and each card has a picture of your contact, details of upcoming events (meetings, birthdays, work anniversaries, etc.) and a button for an action (congratulate, connect, etc.) below. You can sort through the day’s events by swiping sideways and tap any card to quickly check a person’s background. Since you can sync it to your phone’s calendar, you can see upcoming meetings in the app, and can send you reminders as well. It’s hard to justify using this as your primary calendar, as other apps serve that purpose much better.

LinkedIn Connected might appeal to those who do all their networking on LinkedIn, but if you haven’t updated your LinkedIn profile, then this feature might not be so useful. On our account, most of the updates we got were people joining a new company or someone’s birthday.

Swiping down from the top shows you three options – Keep in touch, Find a contact and Accounts and settings. The first option takes you back to LinkedIn Connected’s cards, while Find a contact does what the name suggests. Accounts and settings lets you configure which services (contacts, calendars, etc.) you want to sync with LinkedIn Connected, and is also where you can sign out.

If you go back to the cards, when you keep swiping to the right, you’ll soon reach the last of the day’s most important events. If you swipe to the right here, you’ll see contact suggestions, which is just an endless stream of people LinkedIn wants you to connect with. Getting back to your most important events from there is difficult – you’ll have to swipe back all the way. For an app that is so design-driven, not having an easy way to return to the first card is a big problem.

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LinkedIn Connected is essentially a prettier, less annoying way to get notifications from the network, when compared to the several emails that it tends to send every day. If you use email for networking, then you might want to try LinkedIn-owned Rapportive, which is a Gmail extension that shows you background details about the person you are having conversations with.

(Also see: Seven Extensions That Make Gmail Better)

LinkedIn’s main app has a lot more features such as status updates, links to articles, news, photos, comments, etc. If you want to do away with all of that and only focus on connecting with other professionals, then LinkedIn Connected might be what you seek. If you’re looking for a killer contacts app though, then this doesn’t quite cut it

[“Source-gadgets.ndtv”]

Mystical Creatures Become A Part Of Delhi Metro In These Creative Doodles

Mystical Creatures Become A Part Of Delhi Metro In These Creative Doodles

Samar Khan’s Delhi Metro doodles are creative and funny.

NEW DELHI:  If you live in the capital, chances are at some point or the other, you have travelled by the Delhi Metro. It’s not for nothing that it’s called the lifeline of Delhi. However, those who travel regularly by the metro know that it comes with its own share of drawbacks – a major one being the lack of anything to do while travelling. So how do you pass time when you’re in the metro? Well, if you’re anything like Samar Khan, you doodle!

Through his Instagram page MetroDoodle, Mr Khan regularly shares Delhi Metro chronicles with a twist. Using pictures of the trains and the platforms, he gives them an interesting take by adding doodles. “It’s been 3 – 4 months. I started this to kill time and boredom in metro travelling to work every day. Soon I started enjoying it,” said Mr Khan to NDTV.

Sometimes it’s a giant pink snake, sometimes a green extra-terrestrial, but it’s always unexpected and brilliant.

A full-time software developer by profession, Mr Khan has now started freelancing as a graphic designer taking up art projects on weekends. His passion for art is clearly reflected in his doodles. Take a look:

“Sometimes, It literally feels like this,” he says. We couldn’t agree more

Image result for "Amazing doodling! Really creative," writes a commenter
“Amazing doodling! Really creative,” writes a commenter
When asked about the inspiration behind his doodles, Mr Khan says, “Instagram is my favourite! All my inspiration comes from it. There are so many, such talented and amazing artists all around. I am constantly inspired by their work. It just keeps you going!”

Which of these doodles is your favourite? Let us know using the comments section below.

[“Source-ndtv”]

How to become a gear changing guru

How to become a gear-changing guru...

Whether you think you’ve got your gear-changing on lockdown or not, you should read our 6 tips to become the ultimate gear-guru. Let’s go champ.

Start off small

The best way to learn to use a gearbox is to ride a low-power 125 on which you will have to work the gearbox efficiently to make any respectable progress.

Not like this…

What’s happening ahead?

The best gear to use will depend partly on your speed but also what you are approaching. For example, when planning an overtake, a responsive (in other words, lower) gear will give you the power and control to complete a pass quickly and safely. Likewise, when entering a bend a responsive gear will give you good control through the throttle to fine tune your speed as you negotiate the corner and provide acceleration on the exit.

They’re not brakes

Do not, however, use your gears as brakes. Crashing down through the gears on the approach to a hazard is a very crude way to slow and is harsh on the engine and transmission. Instead, slow on the approach by braking or rolling off the throttle and then choose a flexible gear to negotiate the situation ahead. A flexible gear is one in the middle of your rev range that allows you control through the throttle to moderate the speed selected or to accelerate further.

More miles for your cash

Most large-capacity machines nowadays have such flexible and powerful engines that they are still very usable in the higher gears for normal riding. Selecting a higher gear where possible will reduce your fuel consumption and will have the added benefit of giving a smoother ride into the bargain.

Smoothly does it

When riding with a pillion do you ever get head butted by your passenger as you change gear? Try changing up early to smooth the transition from one gear to the next. Also, when riding on a wet road changing up early will keep power inputs smooth and enhance the smoothness and security of your progress.

Give it a blip on the way down

When downshifting, maintain your throttle position or blip the throttle slightly to drop the gear in smoothly and prevent any transmission lurch as the lower gear engages. Gear indicators are a common feature now on bikes and useful for both new and experienced riders as a quick double check and will also prevent you from searching for that mythical seventh gear!

[Source:-motorcyclenews]