The sectoral body also said creating room for licensing provisions applicable to over-the-top service providers presents an existential threat to India's start-up ecosystem by creating herculean barriers to entry.

Mumbai (Maharashtra) [India], May 17 (ANI/PR Newswire): Wider adoption of voice technology is critical to bridge the digital divide in India. From integrating voice tech in businesses to improving and enhancing customer experiences, voice technology is becoming a major contributor to bringing digital transformation in the country. A unanimous opinion on these lines was shared by industry stalwarts at a conference titled Voice for Bharat, 2022, organized by Internet and Mobile Association of India (IAMAI) today at Sahara Star, Mumbai.

New Delhi Jan 30 PTI The government is not against Ed-Tech companies but they cannot be allowed to delve into areas that are not their domain like offering diploma and degree courses according to the All India Council for Technical Education AICTE Chairman Anil Sahasrabudhe The comments by the AICTE chairman come after the technical education regulator and University Grants Commission UGC warned universities and colleges against offering courses in distance learning and online mode in association with Ed-Tech companies saying no franchise agreement is permissible as per norms We are not against Ed-Tech companies but they cannot be allowed to delve into areas that are not their domain Norms are normsWe have given approvals to universities and colleges to offer degree and diploma programmes but they are supposed to offer it on their own and not piggyback on private companies or outsource their job to any third party Sahasrabudhe told PTI in an interview He said after closely observing the companies it was found that they were directly releasing advertisements and were offering programmes like MBA and MCAThese are postgraduate programmes in management and computer applications that can only be offered by universities and approved colleges Top institutions in the country like the Indian Institutes of Management IIMs are also not allowed to offer management degrees they offer diploma in management How can we allow ed-tech companies to do so he said The UGC and AICTE have also advised students and parents to check the recognition status of any programme on their websites before enrolling in any course I am not undermining the importance of Ed-Tech companies which have emerged especially start-ups from our approved colleges and universities All of them have their own significance in terms of skilling and training and they can also issue certificates for the same but not degrees and diplomas As far as universities are concerned it is perfectly fine if they are using the platform of Ed-Tech companies for conducting classes or online exams but it cannot be beyond that and cannot be franchise agreement he explained The Education Ministry had earlier this month also issued an elaborate advisory to parents and students dealing with ed-tech firms asking them among other things to exercise caution while making paymentsThe ministry had said that parents students and all stakeholders in education have to be careful while deciding on opting for online content and coaching being offered by a host of Ed-Tech companiesAmid growing concerns which echoed in Parliament as well that many such firms were indulging in various forms of business malpractices to attract consumers a group of companies this month formed a collective India EdTech Consortium under the aegis of the industry body Internet and Mobile Association of India IAMAI Companies and start-ups such as Byjus Careers 360 Great Learning Harappa Times Edutech Events Ltd Scalar Simplilearn Toppr Unacademy upGrad Vedantu and WhiteHat Jr have joined the IEC as of now and have resolved to adhere to a common code of conduct Responding to the governments stand Sumesh Nair Co-founder and CEO of Board Infinity says The directive by UGC against the franchise arrangement is an enormous blow on all Ed-Tech companies engaged in upskilling space offering courses in distance learning and online mode in association with recognised universities and institutions However Harsh Bharwani CEO and Managing Director of Jetking Infotrain termed the move as a welcome intervention Skilling institutes must focus on their strengths which is bridging the gap between industry and Academia Academia must perform their role of preparing students at an academic levelFor optimum functioning the education ecosystem needs them both to co-exist and complement each other not coincide Combining both would pose disadvantages to both Ed-Tech as well as academia he said PTI GJS GJS RT RT

Bengaluru (Karnataka) [India], January 29 (ANI/BusinessWire India): Saarthi.ai, a pioneer in multilingual Voice AI technology, announces 'Sphot - Defining Meaningful Innovation', a virtual conference to mark its 5th Anniversary on 1st Feb.

MUMBAI India Oct 21 2021 PRNewswire -- Over the past few years FinTech has evolved beyond developing employing and embedding new technologies for banking and financial services Today FinTech has undertaken more strategic and focused roles and one of them is to contribute to financial inclusion by serving the segments that are not core targets for traditional financial models Governments initiatives like The Prime Minister Jan Dhan Yojana Jan Dhan Aadhaar and Mobile trinity and many players emerging in the digital payment solution space have directed FinTech innovations towards inclusive growth Rural India has made a significant impact on the economic progress of the country as financial inclusion in India has seen extensive improvement in the past few years and Lyra is proud to be playing a significant role in the scenario Lyras Last Mile connectivity solution was deployed in order to involve underserved areas and customers in financial inclusion and offer them a healthy and highly secure environment to deliver online payments Lyra offers a connectivity platform Lyra Connect that uses both wired and wireless technologies Lyra manages services for broadband and works as a managed service provider for PoS and ATMs With the Static IP feature Lyra enables bi-directional communication needed for terminal control and remote access This feature helps to resolve field issues remotely Lyra Portal isolates software hardware network issues and segregates sims as per locations Lyras highly secure and powerful server NAC offers a secure quick and updated channel for digital transactions and transfers any transaction flow securely from any kind of PoS terminal and connects it to any type of network with any existing transaction protocol and without any glitch in between It is important to dispatch the correct telco SIM for the devices but not all telcos work in all locations Lyra did a feasibility study of the locations using latitude and longitude before SIM allocation and dispatch for each location Lyras Last Mile Connectivity Solutions highlights Micro ATMs and RIGRural Project - Lyras Last Mile connectivity solution enables the handheld device to be connected in real-time DARPAN - DARPAN or Digital Advancement of Rural Post Offices for a New India is a project to enable Last Mile banking financial services to the poorest and to the remotest For this solution Lyra is a managed connectivity solution provider Postal services offered cash withdrawal cash deposit postal life insurance money order speed post-booking etc many other services like bill payment recharges are WIP Lyra is doing managed connectivity service for 70k locations across India most locations are rural Processing around 50 lakh transactions daily for one of the biggest projects Lyra has enabled 1600000 PoSlocations on its platform using various technologies 70k Mobile Handheld devices deployed by the Department of Posts using Lyras Last Mile connectivity solution Lyras Last Mile Solution has played a significant role in this COVID and lockdown situation and are running full strength even during the lockdown Lyra was available full time and was providing uninterrupted services to the nation The winner of the Best use of technology in FinTech award in the Payments and FinTech Awards category at the 11th edition of India Digital Awards 2021 - a virtual award function organized by IAMAI The winner of Excellence in Payments Acquirer award in FinTech Digital Payments Category at 2nd FinTech award and conclave 2021 ASSOCHAM One of the key issues faced by rural India is the lack of connectivity for using digital solutions like mobile-based transactions PoS devices micro ATMs etc It creates a digital divide and lack of network bandwidth and reach of technology discourages this further With the Last Mile solution Lyra enables real-time connection to the handheld devices for the segments that are not core targets for traditional financial models Identifying connectivity as a critical enabler Lyra will continue to work on many rural projects powering connectivity and secure digital payment processing in rural India About Lyra Network India Started in 2007 in Mumbai India Lyra Network India is a leader in securing e-commerce and proximity payments Actively working in the sectors like Payment Gateway Services Banking Solutions White Label Solutions Lyra offers highly secure payment acceptance solutions like Lyra EPOS SIM Solution PoS Routing Solution Payment Switch WhatsApp Payment Solution and many more add-on innovative services in the payment processing field By offering a stable robust one-stop-shop for banks customers e-commerce platforms and all types of businesses Lyras unique technology reduces transaction time and enables cost saving for its users ensuring complete data security to acquirers and acts as a single gateway to handle multiple connections and multiple protocols Lyras Key Figures Over 10 billion payments secured and transmitted Over 120000 e-merchants Over 1400000 PoS devices Processing 16 million connections per day SSL certified EMV 3D20 secured and PCI DSS V 321 compliant services Website httpslyracomin Photo httpsmmaprnewswirecommedia1666784LyraLastmileConnectivityjpg PWR PWR

New Delhi Sep 29 PTI Prime Minister Narendra Modis Digital India vision is based on driving towards a paperless faceless and cashless governance model and to give it a shape a huge set of public digital infrastructure which is overarching has been created National Health Authority NHA CEO R S Sharma said on WednesdayInteroperability scalability frugality and openness are the four attributes of this digital infrastructure he said while addressing the Global FinTech Fest organised by the Fintech Convergence Council FCC and the Payments Council of India PCI of the Internet and Mobile Association of India IAMAI and the National Payments Corporation of India NPCIThe prime ministers Digital India vision is based on driving towards a paperless faceless and cashless governance model To give a shape to this model a huge set of significant public digital infrastructure which is overarching has been created Sharma saidStressing on the role of big data in a healthcare delivery model he said We must leverage information and technology to deliver the health services The idea of the National Digital Health Mission is to leverage information and communication tech machine learnings and data to make healthcare access delivery universal Adopting digital systems will reduce cost bring affordability cut down on travel cost and make data accessible anywhere and anytime Sharma added He said the account aggregator model is a powerful tool for reduction of cost of transaction and will benefit not only the poor but also the financial institutionsSharma urged everyone to be a part of this transformative financial and digital infrastructureThe second day of the conference was attended by over 9000 delegates PTI PLB RC