Tag: vijay shekhar sharma

Embattled Paytm’s Vijay Shekhar Sharma steps down from payments bank board in wake of RBI crackdown
26Feb By adminNo Comments
Technology

Embattled Paytm’s Vijay Shekhar Sharma steps down from payments bank board in wake of RBI crackdown

[ad_1] Indian digital payments firm Paytm said on Monday Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank's unit, as the embattled company overhauls its board in the wake of a central bank clampdown.Paytm likely to partner with four banks for enabling UPI transactions, sources sayTroubledPaytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular unified payments interface (UPI), two sources aware of the development said. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by March 15, leading to disruption for the popular payment app. UPI is India's real-time payments system, operated by the National Payments Corporat...
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Paytm Payments Bank forced to stop conducting business by RBI; how mobile wallet business stoppage impacts customers
31Jan By adminNo Comments
Technology

Paytm Payments Bank forced to stop conducting business by RBI; how mobile wallet business stoppage impacts customers

[ad_1] The Reserve Bank of India on Wednesday ordered Paytm Payments Bank Ltd., a unit of One 97 Communications Ltd., to stop its popular mobile wallet business along with other activities, citing persistent non-compliance and supervisory concerns. The regulator said the firm, which processes transactions for India's digital payments giant Paytm, must stop its banking activities after Feb. 29. How are customers affected?Existing customers, however, can withdraw their funds and use up the balance in the prepaid cards or wallets without any restrictions, the RBI said. Setback after setbackThe latest decision comes nearly two years after the regulator barred the bank, from taking on new customers because it violated certain rules, Bloomberg News had reported. Founder Vijay Shekhar Sharma h...
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5 things about AI you may have missed today: Canva rolls out AI tools, Paytm CEO to invest in AI, and more
23Oct By adminNo Comments
Technology

5 things about AI you may have missed today: Canva rolls out AI tools, Paytm CEO to invest in AI, and more

[ad_1] AI Roundup: Morgan Stanley analysts predict that the adoption of artificial intelligence (AI) could prove to be beneficial for Microsoft's Xbox and Sony's PlayStation. In a separate development, Paytm founder and CEO Vijay Shekhar Sharma announced plans to invest Rs. 300 crore in India's AI and electric vehicle sectors through the VSS Investments Fund. Moreover, Canva introduced AI-powered K-12 education products as part of its Canva for Education platform.All this, and more in today's AI roundup. 1. Xbox, Sony will benefit from AI adoptionAs the AI race heats up, Microsoft and Sony could benefit from the adoption of this technology in video games, Bloomberg reported on Monday. According to Morgan Stanley analysts, Microsoft's Xbox and Sony's PlayStation will be “the most clear-c...
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5 things about AI you may have missed today: From Google’s Med-PaLM 2 to first AI news anchor and more
9Jul By adminNo Comments
Technology

5 things about AI you may have missed today: From Google’s Med-PaLM 2 to first AI news anchor and more

[ad_1] The artificial intelligence race has just got more intense. Google explores AI Chatbot for specialised Medical diagnosis; AI, Machine learning to be introduced in Himachal Pradesh college curricula; AI can't replace Mickey Mouse; Odisha's first artificial intelligence news anchor- this and more in our daily AI roundup. Let us take a look.1. Google explores AI Chatbot for specialised Medical knowledgeGoogle is testing an AI program called Med-PaLM 2 to provide accurate medical information. Developed from the language model Bard, Med-PaLM 2 is being trialled at the Mayo Clinic and other research hospitals. Google aims to create a specialised healthcare chatbot surpassing general-purpose ones like Bard, Bing, and ChatGPT by training it on curated medical expert demonstrations. Googl...
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