The payment method incorporates all credit cards and debit cards on Visa, Mastercard, American Express or Rupay, mobile wallets such as Paytm as well as the newly launched UPI.
US needs skilled tech to keep innovating: Victoria A Espinel, president of Business Software Alliance
"We work with many law enforcement agencies but we are concerned that some approaches that the governments have been talking about would undermine security."
Regulator raises minimum capital requirement to Rs 25 crore and mandates full compliance with KYC norm.
We as an industry have more jobs that we can fill, we need to have high skilled workers in United States and we need to also welcome high skilled workers from other countries, said Victoria A Espinel.
The telecom industry in the country is going through a wave of consolidation sparked by fierce competition which has been triggered by the launch of Reliance Jio.
Govt open to refining and tweaking policies to address the challenges of telecom sector: Aruna Sundararajan
Sundararajan said that India has only 30,000-32,000 wi-fi hotspots while there is a need for 8 million wi-fi hotspots in the country.
The feature was already available to users in metros and mini-metros such as Delhi, Mumbai, Bangalore among others.
The mobile app offers card registration feature, enables balance transfer from one card to another and allows transaction history to be viewed.
The proposal was mooted over a month ago by the government and the wallet companies got back with their reservations last week.
There has been a 20-25% increase in applicants from IT and ecommerce companies, said Lohit Bhatia, business head, staffing solutions, IKYA Human Capital Solutions.
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