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We have noted the model of PhonePe, Google Tez and Paytm, whenever there are incentives or cashbacks, the transaction volumes pick up. This is another behavioural change,u201d said a top government official who is aware of the development. The person did not wish to be named. The share of BHIM in total UPI transactions has dropped to 5.75% in February from 40.5% in August last year, according to the latest data from the National Payments Corporation of India (NPCI), which tracks digital transactions in the country. The official said the move to offer cashbacks and incentives is also to encourage more transactions on the BHIM platform and reduce usage of cash. For this, the incentives for merchants for using BHIM-Aadhaar platform will be significantly increased to 0.5% of the transaction value upto Rs 10,000 against the earlier 0.25% of the transaction value of just Rs 2,000. The government admits that the offtake of the earlier scheme for merchants has been low (just a few lak...

Tata Consultancy Services gets nearly $2 billion in revenue a year from  analytics , the company’s CEO  Rajesh Gopinathan  told ET in an interview, making it the largest chunk of its digital revenue. India’s largest IT company gets over 22% of its overall revenue from digital — a number that will be well over $3 billion for the financial year ending March 2018. This is the first time  TCS  has defined the contribution of the business segment that makes up the overall digital revenue figure. Last year, TCS appointed Dinanath Kholkar, who used to run its $2-billion business process outsourcing business, to head its analytics division. “Analytics in itself will be equal to the portfolio he (Kholkar) was running earlier. Analytics was distributed across a very wide set and once we are done bringing it together, we will have to think how we report it and all, but we run probably one of the largest analytics groups,” Gopinathan said. The IT firm’s $2.5-bil...

The Trump administration decided to delay the decision regarding H4 visa. This is supposed to be a good news, but it has nothing but confused the Indian techies working in the US. The department of homeland security (DHS) deferred issuing the proposal to restrict work permits for H4 dependent visas. The decision was supposed to be taken by February 28 but it has now been delayed to the end of June 2018. The move comes just a few days after the Trump administration announced increased scrutiny for H-1B visa approvals, making it rather confusing for existing H-1B holders. Indian families are largest beneficiaries of H-4 visas. H-1B visa holders that move to the US with their spouses can apply for work permit for their spouses. The provision of H-4 visa has helped many Indian H-1B holders find work for their spouses. The department of homeland security (DHS) was planning to issue the proposal to restrict work permits for H-4 visa holders. The government led by the former...

In recent times, most of the people who came to the US legally with a spousal visa, or H-4, allowed to the spouses and wives and husbands of those who have H1-B, or high tech, visas, are much delighted and cried with euphoria as soon they heard that they would be able to get a work permit. Although H4 visas did not permit a person to work in the US – until 2015, when the Obama rule empowered a regulation that opened the route for several people with spousal visas to get permits, well-known as employment authorization documents (EAD). The help of H-4 visa holders hasn't kept going long, in any case. Bishen and mates who got the work approvals are presently in limbo since the Trump organization showed it intends to end the program this year. In the event that that occurs before they can get new work grants, life partners of H-1B holders in the Seattle region should choose whether to quit working in the United States or leave the nation. However, this relief of H-4 visa-ho...

After months of anticipation,  WhatsApp  rolled out its payments feature to select users across the country to much enthusiasm this week, providing a strong boost to India’s  digital payments  ecosystem. But that didn’t almost happen because of the company’s foreign origin. Turns out, this was WhatsApp’s second endeavour to enter India’s payments market. Last year, the messaging app, the largest in India, tried to partner with a private bank in the country to develop a digital wallet app to facilitate payments on its platform. That was when it ran into a reluctant Reserve Bank of India. The regulator was not ready to allow a foreign entity to enter India’s digital payments space, according to multiple stakeholders ET spoke with to piece together the story behind WhatsApp payments. “Non-bank entities applying for authorisation shall be a company incorporated in India and registered under the Companies Act 1956 / Companies Act 2013,” read  RBI ’s master gui...