Categories
Excerpts

PayTM Ka ATM

Paytm Payments Bank is going to have a million points from where cash can be withdrawn. The entire banking system—all the bank branches and ATMs cumulatively—currently offers only a third of that. Sharma’s bank will basically turn any merchant and corner store into a cash withdrawal point called ‘Paytm ka ATM’.

How does the authentication work?

It will be a combination of several things. It will utilize the Aadhaar backbone, which means the devices with merchants could be equipped with fingerprint or iris scanners, or both.

Paytm Payments Bank is going to authenticate transactions using voice as a unique biometric signature. In effect, this means you can walk into any establishment that is a ‘Paytm ka ATM’ and ask for money. And when it asks for authentication, the customer will get a call on their phone, and they just have to say a pre-set pass phrase, like “My name is Meena.”

“Your voice is as unique a signature as iris or fingerprints,” says Sharma, adding that the technology works even if you have a cough or cold. It works in any language.

A bank where authentication is as easy as speaking to a teller, with one million touch points. What it can do to universalize banking and expand the reach of the formal economy is tremendous.-from HP

Categories
Chart

Chart: India as StartUp Nation

Source: WEF

startup

Categories
Cartoon

Tata Sons Board Meeting

leo-cullum-as-board-members-we-need-to-speak-with-one-voice-i-m-suggesting-donald-new-yorker-cartoon

Categories
Links

Linkfest:November 07,2016

Some stuff I am reading today morning:

How Tatas fired me in a minute (Nirmalya Kumar)

How Rocket Internet got screwed in India (Mint)

Ratan Tata of the Radia Tapes (Manu Joseph)

Trump Inferno (Prashanth)

Win the War,Ignore the Rattle (Safir)

Worst Performances of Mutual Funds (Vipul)

ICICI Research: Two Micro-Caps (RJ)

Quantamental Fundamentalism approach to picking stocks (TM)

Australia could lose AAA rating (Bloomberg)

Farmers, not cars,are choking New Delhi (Andy)

Categories
TopClicks

Top Clicks on Alpha Ideas This Week

Here are the most clicked on items this week on Alpha Ideas :

Switch off CNBC (AI)

Chart:Why Pharma Cos are getting investigated (AI)

Cartoon: Stock is Flying (AI)

Ratan Tata has lost big money for shareholders (AI)

Cartoon:Why Trump will Win (AI)

Muhurat Se Muhurat Tak (AI)

Prof. Mankekar’s Talwalkars Mystery (AI)

How Ford Foundation got Modi to back off (BS)

There is something fishy about the Essar Oil Deal (Saaf Baat)

Amazon makes 236 Sellers Crorepatis (Money Control)