MediaNama: Digital Media in India

Medianama is the premier source of news, information, analaysis and perspective on the growing Digital Media business in India.

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PPI transaction volumes drop in January 2021, while transaction values grow marginally

Digital payment transactions through Prepaid Payment Instruments — which includes both Mobile Wallets and PPI Cards combined —stood 438.7 million transactions  at the end of January 2021, down by 16% from 523.7 million transactions in the previous year. However, the overall value of PPI transactions grew by 7% to Rs 19,419 crore by the end […] The...

India’s FOSS community files plea in Kerala High Court against IT Rules, challenges traceability mandate

A fresh petition, this time from the Indian FOSS community, has been filed before the Kerala High Court, praying that the court stay the implementation of IT Rules 2021, insofar as it concerns new requirements for internet intermediaries, including alarming mandates around traceability, proactive takedowns, and content removal. The plea has been filed...

Data of 500 million LinkedIn users data scraped from site, up for sale: Report

The professional social media site LinkedIn leaked 500 million users’ data by leaving it exposed for scrapers, who have now compiled a database with the stolen information, Cyber News reported. Hackers have reportedly released a batch of user data of 2 million users as evidence of the breach. The data is reportedly on sale for […] The post Data...

US Trade Representative cites Indian data localization, equalization levy in report

In a report on global trade barriers in 2021, the Office of the United States Trade Representative (USTR) cited data localisation and the 2% equalisation levy in a section on India. The 23 page section is a snapshot of all trade barriers between India and the US, compiled largely with the inputs of the US’s […] The post US Trade Representative...

We need to know

It’s a shame that Facebook is not notifying users that their data has been breached. This is personal information that has been breached, impacting over 500 million users worldwide and, from what I’ve read, an estimated 6.1 million users in India. At the same time, in India you have Mobikwik denying that their data has […] The post We need to know...

The unintended consequence of RBI’s new card rules

The Reserve Bank of India’s (RBI) new rules for card payments will lead to a major shift in the payments industry, and provide a major boost to the Unified Payments Interface (UPI) and Bharat Bill Payments System (BBPS). With banks and payment gateways/aggregators implementing new infrastructure to support online and recurring card payments over the...

Why Airtel and Vi have announced IoT verticals for businesses

As Vodafone Idea (Vi) and Airtel keep up their years-long battle for relevance following the telecom market’s disruption, the companies have turned to the Internet of Things (IoT). Both Vi and Airtel announced business-oriented IoT solutions in quick succession — shortly after Vi announced a virtual press event for the vertical, Airtel (which usually...

Biggest capability differential between India China lies in cyber, says Chief of Defence Staff Bipin Rawat

China is capable of launching cyber attacks against India, and there is a capability gap between the two countries when it comes to technology, said Chief of Defense Staff General Bipin Rawat. Speaking at a virtual event organised by the Vivekananda International Foundation, Rawat said though India was a little slow on the start, it […] The post...

ShareChat raises $502 million, now valued at $2 billion

On Thursday, ShareChat announced that it raised US$502 million from Tiger Global, Lightspeed, Twitter, Snap and other investors. The investment, at a valuation of US$2 billion,  has leapfrogged the social media company into the unicorn club which has seen 8 other Indian entrants since the start of this year. The company began exploring funding opportunities...

UK launches new watchdog to reign in Big Tech, bring about ‘pro-competition’ regime

The United Kingdom has launched the Digital Markets Unit (DMU), a part of its competition regulator, the government announced on Wednesday. The DMU will be responsible for reigning Big Tech companies such as Google and Facebook. The government, in a statement said, the “pro-competition” regime will help curb the dominance of tech giants in the […] ...

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