NPCI in talks to remove ‘pull transactions’ on UPI to reduce digital frauds

Mumbai, (IANS): In an effort to curb rising digital frauds, the National Payments Corporation of India (NPCI) is reportedly in early discussions with banks to eliminate ‘pull transactions’ on the Unified Payments Interface (UPI).Most frauds are happening through the pull method, and NPCI is exploring the possibility of removing this feature altogether to reduce fraudulent activities.A 'pull transaction' happens when a merchant sends a payment request to a customer, while a 'push transaction' occurs when a customer directly makes the payment using a QR code or other methods.By removing 'pull transactions', fraud cases could decline, but some bankers fear that genuine transactions may also be affected, potentially lowering efficiency, according to a report by NDTV Profit.However, NPCI, which operates retail payment and settlement systems in India, has not commented on this development yet.The discussions are still at an early stage, and a final decision on implementation has not been made yet, the report said.This development comes at a time when UPI payments are gaining immense popularity...
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Adani Group’s ‘foray into industrial 5G’ is a complete failure

Two and a half years after acquiring the spectrum at auction, the Indian conglomerate has yet to make use of its airwavesReports this week suggest that Adani Group is considering surrendering it 5G mmWave spectrum after failing to turn its dream of deploying private 5G networks into reality.According to the reports, the Department of Telecommunications (DoT) has sent multiple requests to the company asking how it intends to use the currently idle spectrum, as well as penalising it for failing to meet minimum rollout targets.Adani Group purchased the spectrum for $27 million at India’s first 5G auction back in 2022. At the time, Adani said it would use the 400MHz of 26GH (also known as mmWave) spectrum to deploy private 5G networks for its own digital subsidiaries, as well as offering it to enterprise and industrial customers.As part of the deal, Adani was obligated to begin offering commercial services using the spectrum within a year.“The Adani Group’s foray into the industrial 5G space will allow our portfolio companies to offer a set of new add on services that capitalises on all...
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US-China trade war flares as both sides introduce new chip tech restrictions | Total Telecom

New US export controls on semiconductor technology this week have been met immediately by retaliatory measures from ChinaThis week has seen the US Department of Commerce’s Bureau of Industry and Security (BIS) ramp up controls on its tech exports to China, particularly those related to the manufacture of semiconductors.The additional restrictions cover 24 types of semiconductor manufacturing equipment and three types of software tools for developing or producing semiconductors. It also includes High-Bandwidth Memory (HBM), a computer memory interface at the heart of AI chip technology.In addition to these restrictions, the update added 140 companies to the US’s infamous Entity List, 136 of which were Chinese. US companies looking to sell restricted items to entities designated on this list are required to acquire a specialised export licence from BIS, which is seldom granted. Companies to the list in this most recent batch include semiconductor fabs, tool companies, and investment companies that the US claims have links to the Chinese government.These new measures, BIS says, are designed...
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