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Category: iWorld

  • StarHub partners Netflix to offer streaming service

    StarHub partners Netflix to offer streaming service

    MUMBAI: Two days after Singtel partnered with Netflix, now Singapore’s StarHub has inked an association with the global OTT player to stream content to its Fibre TV customers.

     

    StarHub customers will be able to access Netflix through their set-top boxes by the early second quarter of 2016. StarHub will also join the Netflix Open Connect programme to provide the highest-quality viewing experience possible for StarHub Mobile and Broadband customers.

     

    Using the Netflix app, StarHub TV homes will be able to access a wide variety of documentaries, feature films and Netflix original series such as Master of None, Marvel’s Daredevil, Marvel’s Jessica Jones and Orange is the New Black.

     

    “This partnership with Netflix allows us to deliver convenience to all our customers who are fans of this popular service. Mobile and Broadband customers will enjoy a smoother streaming experience due to our Open Connect partnership. Fibre TV customers will also enjoy a seamless viewing experience as Netflix will be directly integrated into their set-top boxes, making StarHub TV the only stop for the entire family’s entertainment needs,” said StarHub chief marketing officer Howie Lau. “In addition, all StarHub customers will be able to charge their Netflix subscription to their StarHub bill, removing the hassle of paying multiple bills.”

     

    Netflix global head of business development Bill Holmes added, “We are thrilled to bring the joy of the Netflix experience to Singaporeans through the StarHub fibre television network. With Netflix Open Connect, Netflix and StarHub work together to deliver a streaming experience with the best picture quality for Netflix members.”

     

    StarHub Broadband, Mobile and TV customers will be able to pay for their Netflix subscriptions via their StarHub bills. Netflix subscriptions offered in Singapore are priced according to Netflix’s prevailing pricing plans.

  • Reliance Jio & RCOM ink partnership covering 4G LTE

    Reliance Jio & RCOM ink partnership covering 4G LTE

    MUMBAI: Reliance Jio Infocomm Ltd (RJIL) and Reliance Communications Limited (RCOM) have signed an agreement for change in spectrum allotment in 800 MHz band across nine circles from RCOM to RJIL, and for sharing of spectrum in 800 MHz band across 17 circles.

     

    As part of the enhanced strategic collaboration, both companies also intend to enter into reciprocal Intra Circle Roaming (ICR) arrangements.

     

    Access to enhanced spectrum footprint in the 800 MHz band will complement RJIL’s LTE services rollout, providing increased network coverage and superior service quality.

     

    “The spectrum arrangements between RJIL and RCOM will result in network synergies, enhanced network capacity and will optimise spectrum utilisation and capex efficiencies. Both operators anticipate considerable savings in operating costs and future investment in networks,” informed a press statement.

     

    RCOM’s customers will benefit from access to Reliance Jio’s 4G LTE network under the reciprocal sharing and ICR agreements.

     

    The arrangements are subject to liberalisation of RCOM spectrum in the 800 MHz band and obtaining requisite approvals.

     

    These agreements further strengthen the comprehensive framework of business co-operation between RJIL and RCOM following the nationwide long term IRU agreements for inter and intra city optical fibre networks, and for sharing of telecom tower infrastructure.

  • ACT continues to lead in wireline broadband internet additions in 2015: TRAI October 2015

    ACT continues to lead in wireline broadband internet additions in 2015: TRAI October 2015

    BENGALURU: South Indian broadband internet service provider Atria Convergence Technologies Private Limited (ACT) continued to lead in addition of new subscribers in wireline broadband internet services during the period between 31 December, 2014 and 31 October, 2015. ACT added 2.10 lakh net subscribers or 22.11 per cent of the all India additions during the period as per the Telecom Regulatory of India (TRAI) report for the month ended 31 October, 2015. As per the TRAI reports, as on 31 December, 2014, ACT had 6.1 lakh subscribers (3.98 per cent of all India subscribers) and it had 8.2 lakh subscribers (5.04 per cent of all India subscribers) as on 31 October, 2015. Hence, its growth has also been the highest in percentage terms at 34.43 per cent during the period.

    The top five players in India in the wireline broadband internet space in pecking order are the public sector Bharat Sanchar Nigam Limited (BSNL), Bharti Airtel Limited (Airtel), public sector Mahanagar Telephone Nigam Limited (MTNL), Atria Convergence Technologies Private Limited (ACT) and You Broadband (You BB). Among these five, only BSNL and Airtel could be termed national players at present. BSNL, Airtel and MTNL also provide wireline and mobile services while Airtel also has a direct to home (DTH) segment.

    Note: (1) 100,00,000 = 100 Lakh = 10 million = 1 crore

    (2) TRAI reports indicate data in millions of numbers up to two decimal places. Hence it is assumed in this report that a figure of 0.47 million (4.7 lakh) subscribers for You BB for July-2015 would be granular to the nearest 10,000. While percentages perforce have been mentioned up to two decimal places, the accuracy may vary, depending upon the exact number.

    (3) Industry sources say that TRAI numbers in the case of ACT for May-2015 are incorrect at 0.66 million and the correct number would be 0.693 million. This paper considers the number as 6.93 lakh or 0.693 million.

    (4) MSOs have a number of subsidiaries and alliances, hence broadband numbers are split as applicable. The consolidated subscription numbers of these entities could be larger. Hathway is a case in point.

    (5) Ortel’s numbers for Q3-2015 have been estimated from the numbers released by it for Q1-2015, Q2-2015, Q4-2015 and FY-2015.

    (6) The term ‘operating revenue’ in this paper indicates ‘total income from operations.’

    Please refer to Figure 1 below. Overall, during the 10 month period in CY-2015 until end October 2015, wireline broadband internet subscriber base in India grew by 6.2 per cent or by 9.5 lakh net new subscribers. During the period, wired broadband internet subscriber base increased from 153.2 lakh to 162.7 lakh. During the period, the combined share of wireline broadband internet subscribers of the top 5 players has dropped 246 basis points from 88.45 per cent as on 31 December, 2014 to 85.99 per cent as on 31 October, 2015. The drop in share between 30 September, 2015 and 31 October, 2015 was 31 basis points from 86.30 per cent to 85.99 per cent as on 31 October, 2015. Of the 9.5 lakh new all additions, 4.4 lakh (46.32 per cent of total additions) were added by the top five players. Compared to the all India growth of 6.2 per cent in subscribers, the top five players combined subscription numbers grew by 3.25 per cent.

    Telecom major Bharti Airtel Limited (Airtel) is not far behind ACT in subscriber additions during the 10 month period. Airtel has added two lakh net new subscribers or 21.05 per cent of the net new all India additions during the period. Its subscriber base grew two lakh (grew by 14.18 per cent) in the first 10 months of CY-2015. Airtel’s wireline broadband internet subscriber base grew from 14.1 lakh (9.20 per cent of the all India base) as on 31 December, 2014 to 16.1 lakh (9.90 per cent of the all India base) as on 31 October, 2015. While the share of subscribers of Airtel, ACT and You BB has been growing, the shares of the public sector BSNL and MTNL have fallen, either because of fall in number of subscribers or because of no growth in numbers. Please refer to Fig 2 below.

    MSOs’ contribution to broadband

    As mentioned above, the combined share of overall wired internet subscribers of the top five companies is declining, with other players increasing their contribution to wireline broadband subscription numbers.

    The decline between 31 December, 2014 and 31 October, 2015 was 246 basis points. Other ISPs’ share of subscribers has increased to the same extent. Among the ‘Others’ are included Cable TV MSOs. MSOs in India, which are looking at broadband revenues to prop up their cable revenue numbers because of the comparatively higher ARPUs from broadband internet services. We can only repeat the figures that we have mentioned in our earlier report Wired Broadband: ACT, Airtel lead growth in Sep 2015; MSOs’ broadband numbers increasing.

    MSOs have started reporting double digit increase in internet subscribers and revenue. Four MSOs – Hathway, Siti Cable, Ortel and Den added 1.09 lakh (25.34 per cent of total additions in Q2-2016 or the quarter ended 30 September, 2015) subscribers during that period as per their financial reports filed at the bourses. QoQ, the combined broadband subscribers in Q2-2016 added by the four MSOs increased by 58.36 per cent from 0.69 lakh added in Q1-2016. The third quarter of the current fiscal (Q3-2016) ended on 31 December, 2015 and companies will start filing their numbers over the next few weeks.

    Some MSOs’ broadband numbers from our previous report

    Broadband contributes in double digit percentages to the total incomes or operating revenue of two of the four companies – Hathway (about 25 per cent and growing) and Ortel (declined from 21.07 per cent in Q1-2015 to 16.80 per cent in Q2-2016). In the case of Siti Cable and Den, revenue from broadband services contributed to less than five per cent to their operating incomes. However, sources at Siti Cable say that the company will now be focusing at broadband internet services in a big way.

    Hathway reported broadband revenue of Rs 71.9 crore (26.24 per cent of operating revenue) in the current quarter, 58.4 per cent higher YoY than the Rs 45.4 crore (17.23 per cent of operating revenue), and 10.4 per cent more than the Rs 65.1 crore (24.62 per cent of operating revenue) in the immediate trailing quarter. Last quarter, the company said that it had added 50,000 broadband subscribers in Q1-2016, and claimed a broadband subscriber base of 4.6 lakh, of which 1.7 lakh were under Docsis 3.0. Hathway says that broadband ARPU increased 6.8 per cent QoQ to Rs 616 from Rs 577 and that its Docsis 3 consumer ARPU has reached Rs 750.

    Ortel’s broadband customers grew 8.9 per cent to 63,663 in Q2-2015 from 57,528 in Q2-2015 and grew 4.5 per cent from 60,900 in Q1-2016. Ortel’s broadband ARPU in Q2-2016 was Rs 395, in Q2-2015, it was Rs 398 and in Q1-2016, it was Rs 393. Ortel reported 11.7 per cent growth in YoY total broadband services revenue to Rs 8.1 crore (16.80 per cent of operating revenue) in the current quarter as compared to Rs 7.3 crore (19.89 per cent of operating revenue) and a 7.9 per cent QoQ growth from Rs 7.5 crore (17.40 per cent of operating revenue).

    Siti Cable says that it has added 16,950 broadband subscribers in Q2-2016, taking its broadband subscriber base to 91,450 from 74,500 in the previous quarter. Broadband revenue increased 50 per cent YoY in Q2-2106 to Rs 9.30 crore (3.30 per cent of operating revenue) from Rs 6.20 crore (3.95 per cent of operating revenue) and increased 3.3 per cent QoQ from Rs 9 crore (2.83 per cent of operating revenue).

    Den says that it has added 21,000 subscribers in Q2-2016 as compared to 12,000 in Q1-2016. Its total broadband subscriber base in Q2-2016 was 57,000 as compared to 35,000 in Q1-2016 and 16,000 in Q2-2015. Den’s broadband revenue increased 58 per cent in Q2-2015 to Rs 8.23 crore (3.03 per cent to operating revenue) as compared to the Rs 5.21 crore (1.96 per cent of operating revenue) in Q1-2016 and Rs 1.44 crore (0.49 per cent of operating revenue) in the corresponding year ago quarter.

  • Sony Liv bags Australian Open’s digital rights; to livestream for free

    Sony Liv bags Australian Open’s digital rights; to livestream for free

    MUMBAI: Sony Liv has pocketed the exclusive digital rights to the Australian Open for its web and mobile platform. The tournament will be live streamed on Sony Liv for free.

     

    It may be recalled that the satellite rights of the Australian Open vest with Sony Pictures Networks India and ESPN’s joint venture channel – Sony ESPN, which is all set to beam from 17 January.

     

    From 18 – 31 January, the live matches will be available for viewing on the Sony Liv Android and iOS Mobile app as well as on www.sonyliv.com.

     

    For those who miss the match, video on demand capturing key highlights and special moments of every match along with interviews and press conferences will be available on the very same day.

     

    SPN India EVP and head – digital business Uday Sodhi said, “Sony Liv has established itself as the destination of choice for the Indian viewers looking for digital entertainment solutions on the go. As a category, sports are very significant for Sony Liv audiences and hence, we have been increasing our content portfolio to include major sporting events. The Australian Open will be live streamed on Sony Liv since we have the digital rights for the event for its mobile and web platforms.”

     

    The Australian Open is one of the most eminent international tennis tournaments held annually over a fortnight in Melbourne, The year’s first Grand Slam will feature some of the biggest names from the international tennis circuit such as Roger Federer, Rafael Nadal, Andy Murray and Maria Sharapova, among others as well as Indian players Sania Mirza and Somdev Devvarman. Last season’s winners, Novak Djokovic and Serena Williams will also return to the court to defend their respective titles this year.

  • Singapore’s Singtel inks exclusive deal with Netflix

    Singapore’s Singtel inks exclusive deal with Netflix

    MUMBAI: Singapore’s Singtel has struck an exclusive tie-up with Netflix to give customers promotional offers to access TV shows and movies on the streaming service.

     

    Singtel customers stand to get up to nine months’ worth of complimentary Netflix subscriptions if they re-contract or sign up for Singtel’s mobile plan and/or Fibre Entertainment Bundle+ from 22 January to 22 July, 2016.

     

    The tie-up also gives customers the convenience of watching Netflix through Singtel TV set-top boxes from April. Singtel can now plug into Netflix’s Open Connect programme, their global content delivery network. 

     

    Singtel CEO – consumer Singapore Yuen Kuan Moon said, “We are delighted to team up with Netflix to offer their top class content on our top class network. Our customers’ entertainment consumption habits are changing. They want more freedom and flexibility in the way they consume content. This partnership with Netflix offers them just that and strengthens our content proposition by complementing our diverse suite of home entertainment offerings.”

     

    “Our focus is to deliver quality content that our customers can access on any connected device at any time using our high-speed fixed and mobile networks. This OTT partnership with Netflix is the first of more to come and Singtel customers can expect even more interesting content in the months ahead,” he added. 

     

    Netflix global head of business development Bill Holmes added, “We are thrilled to partner with Singtel to deliver a seamless Netflix experience across their extensive network in Singapore. As a Netflix Open Connect partner and the exclusive promotional launch partner, Netflix and Singtel are working together to deliver our diverse library of TV shows and movies and an unparalleled streaming experience through Singtel products.” 

     

    Singtel customers can experience Netflix on mobile, tablet and computer. From April, they can also access Netflix on Singtel TV set-top boxes and customers can pay for their Netflix subscriptions directly through their Singtel billing. Netflix subscriptions offered in Singapore are priced according to Netflix’s prevailing pricing plans.

  • ALT Digital hires Viacom18’s Ekalavya Bhattacharya as chief strategy officer

    ALT Digital hires Viacom18’s Ekalavya Bhattacharya as chief strategy officer

    MUMBAI: Balaji Telefilms’ digital arm ALT Digital Media Entertainment has brought on board Ekalavya Bhattacharya as chief strategy officer.

    Prior to this, Bhattacharya was with Viacom18 as AVP and head – digital for MTV India, where he was responsible for expanding the channel’s digital footprint.

    He will work closely with the company’s leadership team to define the corporate strategy for ensuring wider acceptability and success of ALT’s digital initiatives.

    Balaji Telefilms group CEO Sameer Nair said, “Ekalavya comes with very strong pedigree having done some amazing work at MTV in building their digital business. We believe his disruptive attitude and business smarts are a wonderful addition to the eclectic diversity in the fast growing ALT Digital Team.”

    ALT Digital Media Entertainment CEO Nachiket Pantvaidya added, “We welcome Ekalavya to ALT – his experience and diverse skill sets will help us formulate and drive our strategy across our business operations. He will enrich the already strong team at ALT as we prepare to launch our service in India and globally.”

    Bhattacharya said, “Recent digital consumption patterns have made it necessary to introduce changes in the way content is created and offered to consumers and screenagers. As India’s leading production studio, Balaji Telefilms is in a unique position to utilise its creative capabilities for a digitally savvy audience. I am glad to be a part of ALT that stands for the alternate – alternate content and alternate screens.” 

    Bhattacharya brings with him more than a decade of experience in the digital space and has previously worked at digital firms like Zapak.com, Contests2Win.com, WAT Consult and PaGaLGuY.com.

  • ShopClues raises Series E at a valuation of $1.1 billion

    ShopClues raises Series E at a valuation of $1.1 billion

    MUMBAI: Online retailer ShopClues.com that led the adoption of the marketplace model in India received an undisclosed amount of funding in its Series E round. With this deal, ShopClues’ valuation stands at more than $1.1 billion. The round of capital infusion is being led by GIC, the largest sovereign wealth fund of Singapore. Existing investors, including Tiger Global and Nexus Venture Partners, have also participated in this round of funding.

     

    GIC’s head of Asia Equities research Ravi Balasubramanian said, “As a long-term investor, GIC believes in the strong growth potential of India’s e-commerce industry. We are confident that ShopClues’ merchant-first mind-set and solid management team will enable the company to expand its reach, especially in the Tier-2 and Tier-3 cities, bringing its unique value proposition to even more consumers and merchants.”

     

    ShopClues CEO and co-founder Sanjay Sethi added, “ShopClues has consistently demonstrated that hyper-growth and strong business fundamentals are not mutually exclusive. The recent addition of GIC and the continued strong support from our existing investors is a validation of our capital efficiency with a clear path to profitability. This investment will enable us to double our focus on digitising our merchants’ businesses so that they scale to fully leverage the opportunity online commerce provides them.”

     

    The capital raised will be used to focus on building and rolling out new products to enable the SME merchants to digitise their business and to further entrench itself as the e-commerce operating system on the cloud.

     

    ShopClues co-founder and chief business officer Radhika Aggarwal said, “Today, we are the dominant player in low price-point & unstructured categories like lifestyle, home, kitchen, electronic & automotive accessories etc. Our focus on selection, value and trusted shopping for Indian middle class consumers has given us tremendous scale with a rapidly growing buyer & merchant network. We are confident that our capital efficiency & execution will make this our last fund raise before we become profitable with the eventual IPO in 2017.”

  • Spuul to premier Rajat Kapoor’s ‘X:Past is Present’

    Spuul to premier Rajat Kapoor’s ‘X:Past is Present’

    MUMBAI: Online streaming service for Indian cinema content Spuul is premiering Drishyam Films’ X:Past is Present digitally. 

     

    This will be Rajat Kapoor’s second film to debut on Spuul after Ankhon Dekhi in 2014. The movie will be available across devices like eeb, mobile (iOS, Android), Smart TVs (Samsung, Panasonic, LG), Airplay on iOS, and Chromecast on Android.

     

    X:Past is Present is a 2015 Indian collaborative feature film directed by a team of 11 filmmakers including Abhinav Shiv Tiwari, Anu Menon, Nalan Kumarasamy, Hemant Gaba, Pratim D. Gupta, Q, Raja Sen, Rajshree Ojha, Sandeep Mohan, Sudhish Kamath and Suparn Verma. It features actor-director Rajat Kapoor and Anshuman Jha in the lead.

     

    The movie also stars Huma Qureshi, Radhika Apte and Swara Bhaskar. It revolves around a filmmaker battling mid life crisis who meets a girl half his age. This girl brings back memories of all the women in his life including his lovers, wives and actresses.

     

    Spuul Global CEO Subin Subaiah said, “As one of the leading providers of Bollywood content to viewers across India,Pakistan, UK, US and Middle East, we are constantly investing in growing our library by adding new, popular and in many cases, offbeat, new age titles to our list. In 2016, we will continue to add more diverse cinema to our library thus providing our viewers with fresh content.”

     

    Kapoor added, “With more viewers logging online to consume content, digital platforms like Spuul play a vital role in the ecosystem of cinema. After a successful digital premiere of Ankhon Dekhi on Spuul, we are back with X:Past is Present for the Indian Diaspora.”

     

    Some of the latest additions to Spuul’s catalogue over the past months are movies like Detective Byomkesh Bakshy, Jal, Dum Laga Ke Haisha and Hunterrr.

  • CarTrade secures Rs 950 crore funding for expansion in online auto industry

    CarTrade secures Rs 950 crore funding for expansion in online auto industry

    MUMBAI: Indian online auto classifieds platform CarTrade has raised Rs 950 crore led by Temasek, an investment company based in Singapore, and March Capital, a global venture investment firm.

    Existing investor Warburg Pincus, a private equity firm focused on growth investing, also participated in the process. This injection of capital will be utilised to diversify and strengthen CarTrade’s offerings for consumers and dealers.

    Following its recent combination with Carwale, CarTrade has also strengthen its presence in the market. “It has over 32 million visits per month and work with approximately 10,000 new and used car dealer partners. The platforms list more than 225,000 used cars for sale and auctions over 250,000 vehicles to the wholesale market every year. CarTrade and CarWale jointly contribute to a majority of all online sales for  car dealers and car manufacturers,” the company said in a statement.

    “We are extremely happy to have Temasek and March Capital on board as partners together with existing investor, Warburg Pincus. This investment is a validation of CarTrade’s business model and growth plans in the Indian online auto space. The funds raised shall be used to further expand our services organically and through acquisitions. We will continue to focus on products, services and strengthening our world class technology capabilities and platforms, to deliver a seamless online experience for auto enthusiasts across the country,” said CarTrade founder and chief executive officer Vinay Sanghi.

    CarWale CEO Mohit Dubey added, “These are exciting times for us as the e-commerce sector is at a broad confluence of multiple macro trends. We are very excited about the opportunities presented by sector in India and are well positioned to leverage these opportunities. At this stage of growth we welcome Temasek and March Capital and this new financing will provide CarTrade with a strong foundation for future growth.”

    March Capital managing director Sumant Mandal said, “At March Capital we believe that the greatest companies oftomorrow are being built now. CarTrade has developed a unique and a world class platform for transacting in new and used vehicles. A leader in its segment, it has steadily expanded its offerings across India and today has an extremely strong network dealer partners with a rapidly growing user base. We continue to be impressed by the team’s dynamism, passion, energy and vision and look forward to working closely with the team to support the company in achieving its growth ambitions.”

    Existing investors of CarTrade, which was founded by Vinay Sanghi in 2009, include Warburg Pincus, JP Morgan and Epiphany Ventures.

  • 9 incentives that digital start-ups need: IAMAI

    9 incentives that digital start-ups need: IAMAI

    MUMBAI: To recognise Prime Minister Narendra Modi’s vision of ‘Digital India,’ the industry body Internet and Mobile Association of India (IAMAI) has come up with specific fiscal and non-fiscal measures that India’s Internet scene requires. According to the association, the digital start-up ecosystem in India should be systematically encouraged by focusing on specific fiscal interventions.

     

    The suggestions are as follows: 

     

    1) Improve Investment Environment: India’s entrepreneurs need early stage venture capital, which is why the domestic venture capital sector needs to develop further. In the US, the VC industry took off when their government allowed the large pension funds to put 5-10 per cent of their assets into VC firms.

     

    2) Angel Tax: Angel Tax under Sec 56 (2) of the Income Tax Act has not been tailored to restrict start-up funding but it has put start-ups under the the Income Tax scanner, questioning the valuation by domestic individual investors. The criteria to qualify as an angel fund are stringent and need to be eased to support the start-up ecosystem in the country. The association suggests that there should be tax breaks and incentives for individuals supporting start-ups with capital.

     

    3) Incentivize Internet services start-ups: Internet services based start-ups form the bulk of internet companies in India. Comprising aggregators, digital advertisers and online classifieds, bring in a lot of efficiency, and are the largest employment generators. They are either enabling businesses, or they are creating lot of employment in the country, resulting in many people are earning a lot of money than they should otherwise have.

     

    4) Service Tax: Start-ups end up paying a huge amount over the first three years in way of service tax. Survival then takes a back seat and penalties just make a struggling start-up’s life harder. The association recommends that for the first three years, the service tax could be waived off or incentivizes the start-ups, if they pay their service taxes on time.

     

    5) Streamline taxation for e-commerce: Online marketplaces are changing the way businesses are done in India. Small players are setting up niche businesses in India and are attracting lot of investments in India. Online marketplaces bring in a lot of efficiency in the entire retail value chain from customer experience to payments and delivery.

     

    6) Taxes on e-commerce transactions: The e-commerce marketplace industry is being subjected to onerous VAT demands from several states. They should be recognised as marketplaces and exempt from VAT demands in states. As market places they provide a service to online sellers and pay the service tax on that account. The State of Rajasthan for example treats e-commerce players as market places.

     

    7) Boost FinTech Start-ups: FinTech plays a significant role in serving those underserved or not served by formal institutional mechanisms. They are also likely to play a significant role in various financial inclusion programmes of the government. Various forms of FinTech services such as pre-paid instruments, wallets and others create efficiency, transparency and wider reach in financial transaction.

     

    8) P2P lending and crowd-funding need contribution from government: While some early inroads have been made in the P2P lending segment in the country, individual efforts have not translated into a policy from the government. The lack of clarity of rules and regulations has meant the industry is shooting in the dark. In the absence of dictated policy or scriptures, it is quite plausible that misguided individuals may fall prey to unscrupulous operators that may look to make a quick buck.

     

    9) Easy KYC through Aadhar: This will allow innovators to build new services, which in turn will help bring more people under the ambit of financial services. Various forms of digital payments such as pre-paid instruments, wallets and others create efficiency, transparency and wider reach in financial transaction.