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In Digital India, Cash Is King, Admits Paytm Founder

Vijay Sekhar Sharma says that it will take India 5-10 years to transition to digital payments. Even more than three years after demonetisation and all-out efforts to make most transactions through electronic, cash is still king, as it thrives in a digital India, said fintech start-up Paytm founder Vijay Sekhar Sharma. Asserting that it would take 5-10 years for India to make the transition to digital payments from the traditional mode of cash, Sharma, 41, said the e-payment industry benefitted more from the November 8, 2016 note ban and withdrawal of old Rs. 1,000 and Rs. 500 denominations. "While cashless economy is not possible in India, less cash economy will be in the future. Less cash is the only solution, not the elimination of cash," Sharma told IANS in an interview after unveiling an all-in-one payment gateway on Tuesday. "I think it (demonetisation) helped the industry despite lack of specific help. But the world has changed since then. It is about th...

2.5 Lakh Jobs Will Be Created In IT Sector In Coming Months: Union Minister

New Delhi:  About 2.5 lakh new jobs will be created in the IT sector in the coming months, said Mr. Mahendra Nath Pandey, the Union Minister of Skill Development and Entrepreneurship, while addressing the "World Skills India" - International Cloud Computing Challenge, 2019. he challenge is being organized under the aegis of NASSCOM with participants from Japan, China, Brazil, South Korea, Russia, Singapore, Belgium and Ireland vying for top spot in the cloud computing competition. In his address Mr. Pandey said that rapid advances made in the digital technology in India can take this sector to the tune of 7.2 billion dollars from 2.5 billion in 2018, as a very healthy completion is on in 52 different fields of skill development and training including Cloud Computing, IOT, Big Data, Machine Learning, Blockchain etc. He also expressed hope that in coming years, India will stand shoulder to shoulder with the most advanced countries in the IT sector and called upon ...

"Digital India Has Empowered People, Reduced Corruption": PM Modi

New Delhi:  On the fourth anniversary of his government's flagship programme ''Digital India'', Prime Minister Narendra Modi  said that the initiative has empowered people, reduced corruption and improved public service delivery to benefit the poor. The programme was launched on July 1, 2015, by the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. Digital India, which is the focal point of PM Modi's "New India" push, is centred on three key vision areas- Digital Infrastructure as a Utility to Every Citizen and Governance and Services on Demand and Digital Empowerment of Citizens.  Taking to Twitter, Union Minister Ravi Shankar Prasad said that the programme is now finding global resonance. "PM Narendra Modi had launched Digital India on July 1, 2015. Success of Digital India is an inspiring story of inclusion, transformation, growth and empowerment through digital tec...

Samsung – Lee Byung-Chul

Samsung was founded way back in 1938 by Lee Byung-Chul as a trading company in Seoul, South Korea. It came to prominence in the 90s by delivering some awesome consumer electronic goods to the world.

LinkedIn – Reid Hoffman, Allen Blue, Konstantin Guericke, Eric Ly, and Jean-Luc Vaillant

Reid Hoffman, Allen Blue, Konstantin Guericke, Eric Ly, and Jean-Luc Vaillant  founded LinkedIn in December 2002 and launched it on May 5, 2003. LinkedIn is popular as a professional social networking website. As of 2016,  LinkedIn has 467 million users and is functional in over 200 countries.

Paypal – Max Levchin, Peter Thiel, Luke Nosek, and Ken Howery

Paypal was founded in 1999 by Max Levchin, Peter Thiel, Luke Nosek, and Ken Howery,  and started as a money transfer service. Paypal is now a subsidiary of eBay Inc., but long before then, Paypal was (and still is)  the go-to place to make payments online. It allows for vendor payments, business transactions, and general individual payments.