EBay, in the near future, may accept cryptocurrency as payment. The e-comm firm is also exploring options to get non-fungible tokens (NFTs) on its platform. “We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but cryptocurrency is something we are keeping an eye on,” eBay said in a statement. NFTs is digital asset that exists on a blockchain and has gained popularity this year.
Accenture has helped Mankind Pharma to accelerate its digital transformation journey by redesigning its finance, supply chain, sales, and procurement processes. SAP S/4HANA, a Microsoft Azure cloud-based data lake and Tableau dashboards was implemented to build a cloud-based platform that integrates data in real-time to provide a consolidated view to make informed decisions. The project was completed remotely with no impact on business continuity.
Signify has appointed Tony Thomas as Chief Digital and Information Officer. He will be based out in the Netherlands and will be part of the global leadership team. In his new role, Thomas will lead the global IT and Digital Transformation teams and report to the management. He has over two and half decades of experience. Thomas, in the recent past, served Nissan in Japan for over 2 years as a CIO. Signify is in the business of energy-efficient lighting solutions.
Directorate General of Civil Aviation (DGCA) has allowed the Telangana govt to deliver COVID-19 vaccines using drones on an experimental basis. DGCA has granted the state a conditional exemption from the UAS Rules, 2021 for a period of one year to conduct “experimental delivery of vaccines using drones within visual line of sight (VLOS) range.” VLOS is considered to be a distance of just 450 mt in conditions when minimum ground visibility is 5 km.
Microsoft Teams’ DAU peaked to145 mn, almost 2x what it used to be a year ago. Besides, over 1,000 enterprise users have integrated third-party and business apps with Teams, a 300% rise from a year ago. “In markets where employees have returned to the workplace including Australia, China, New Zealand, South Korea, and Taiwan, we have seen usage continue to grow,” CEO Satya Nadella said during Microsoft’s earnings call.
The SBI has launched a video KYC-based account opening feature which is completely paperless and contactless. A person can open a bank account without visiting a branch using the digital process powered by AI and Facial Recognition Tech. One has to download the YONO app, click on ‘New to SBI’, and select ‘Insta Plus Savings Account’. Once the Aadhaar details are entered and authenticated, he/ she has to schedule a video call to complete the KYC.
Google Pay’s Co-creator Sujith Narayanan and Sumit Gwalani have launched neobank in association with Federal Bank. Neobanks are virtual banks and do’s have any physical presence. Founded in 2019, Fi to date has raised $13.5 mn led by Sequoia India and Ribbit Capital. The fintech firm aims to have half a million users this year. India has around half a dozen neobanks including SBI’s YONO and Kotak Mahindra’s 811.
One of the most popular payment app in the USA Venmo has allowed users to buy, hold and sell cryptocurrencies on its platform. The 70 million users of the app, owned by Paypal, will now be able to trade digital currencies including bitcoin, ethereum, litecoin and bitcoin cash. Venmo is quite popular among the younger generation who use it to pay friends and family. The app has processed around $159 bn of payments during the last year.
IIFL Securities launched OPEN API integration for all its customers to boost investing efficiency and experience. The APIs, which comes with zero integration cost, allowed across IIFL Markets Mobile App and desktop using which one can place regular orders, after-market orders, bracket orders, and cover orders. These APIs can generate reports of holdings, margin, net position, and net wise position. All APIs are secured using AES 256 encryption.