Mr. Yoshiki Kaneko, President and COO of JCB International Co., Ltd. said: “We are extremely happy and honoured to have the largest bank in India, State Bank of India, as a RuPay JCB Global Debit Card issuing partner. Together with our esteemed network partner, NPCI, we will bring best in class technology, access to the vast JCB global merchant network, and special offers and privileges to SBI customers. As more and more Indian customers adopt digital modes of payment to transact both domestically and internationally, we are sure this product proposition will be enjoyed and appreciated by the cardmembers.”
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The promise of ONDC and the challenges it will face
In the first half of 2016, when the Unified Payments Interface (UPI) which enables real-time payment or transfer of funds between banks was launched, a black swan event in the form of demonetization in November that year provided the major ballast that was required for digital payments to take off in India. What was touted as the WhatsApp moment for India is now being described as the coming UPI moment for the country with the Transaq प्लेटफॉर्म इंटरफेस launch soon of the Open Network for Digital Commerce or ONDC—the home-grown attempt to take on the likes of e-commerce giants such as Amazon and the Walmart-backed Flipkart.
This new digital freeway or platform is a formidable public-private initiative to deliver collectively patrons and sellers pan India, particularly from the hinterland, on an open digital platform to transact in items and providers. The lofty goal is to democratize or alter the phrases of engagement in the nation’s e-commerce market dominated by Amazon and Flipkart. These gamers have a closed community, implying that the whole course of ranging from the buyer to funds to the decision is managed. It additionally signifies that each purchaser and vendor should be on an identical platform in contrast to the ONDC which will have an open community facilitating entry for each purchaser to each vendor together with all these listed or seen on the platforms of the biggies in the enterprise. More importantly, the broader goal is to encourage the native kiranas, and small and medium enterprises, particularly in the smaller cities of India, to come back on board this platform to supply their merchandise, together with from the farm sector, and attain a wider universe of clients. And to enroll on their phrases in contrast to the different platforms whereas handholding a big quantity of small and medium enterprises who will not be half of a digital community. This can take away boundaries on their progress, and assist convert the potential of the India Growth Story into actual good points on the floor.\
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SBI, NPCI AND JCB Launch ‘SBI RuPay JCB Platinum Contactless Debit Card’
Mumbai//Tokyo 1 December, 2020: State Bank of India (SBI), National Payments Corporation of India (NPCI) and JCB International Co., Ltd. (JCB) have announced the launch of ‘SBI RuPay JCB Platinum Contactless Debit Card’. This Card has been launched on the RuPay network by SBI in association with JCB. The SBI RuPay JCB Platinum Contactless Debit Card comes with a unique dual interface feature which will enable customers to perform both Contact & Contactless transactions in the domestic market and seamless contact Transaq प्लेटफॉर्म इंटरफेस transactions overseas. With this card, consumers would be able to transact on ATMs & POS terminals across the globe under JCB network. They can also shop Transaq प्लेटफॉर्म इंटरफेस online from JCB partnered international e-Commerce merchants using this card.
EXCHANGE22 - India's 1st Sports Stock Exchange Wins Over Myfab11 In A Copyright Infringement Tussle
New Delhi, India Recently, the Delhi High Court granted an ex parte ad interim injunction in favour of EXCHANGE 22, India's 1st Sports Stock Exchange, a fantasy gaming app brand registered with Hulm Entertainment Pvt. Ltd. The copyright infringement suit was filed against MyFab11, another gaming app, launched an identical gaming platform. EXCHANGE 22 was represented by Mr.
New Delhi, India
Recently, the Delhi High Court granted an ex parte ad interim injunction in favour of EXCHANGE 22, India's 1 st Sports Stock Exchange, a fantasy gaming app brand registered with Hulm Entertainment Pvt. Ltd. The copyright infringement suit was filed against MyFab11, another gaming app, launched an identical gaming platform.
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