We need to strengthen what is called ‘reasonable security practices’. This regulation is there but there is a need to strengthen it, says Sundararajan.
"How do we enable them to go digital? It is in that context that the Aadhaar payment app was mentioned by the PM. Now, we expect to launch the app very shortly."
"The plan is that everything should come under BHIM since it is the next-gen platform and doesn't require one to log into their specific banks," said Panday.
Users can download an UPI app such as ICICI Bank’s Pockets and create a VPA, linking it to their account in any bank to start using the system developed by NPCI.
Under the programme called ‘My Business Websites’, Google will provide free websites and web tools to small businesses to help them bolster their digital presence.
Google has been looking to tap into the small and medium business market through its enterprise offerings such as Google for Work, Google Cloud and others.
BHIM is initially available only on Android devices. By Monday evening, BHIM made it to the 'top free apps' chart of Google Play Store in India.
Of them, 11,939 riders 32% were from the pub capital of India Bengaluru, according to Uber, which shared data exclusively with ET on how Indians used its service on the last night of 2016.
India remained the second highest requestor of content takedown, after the US and also had second highest content restriction requests in the period.
According to Cisco, cyberattacks cost the world $575 billion in 2016, and numbered 90 million. In these attacks, 38% of the systems were compromised within seconds, while 60% were compromised in minutes.
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