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News on Medial
'Payment after reach, Punjabi testimonials...': Traffickers now use TikTok to woo Indians for illegal US entry for $5,000
Business Today
·
4m ago
Medial
Traffickers are using TikTok to recruit Indians for illegal US entry, charging $5,000 per person. Known as 'coyotes', they provide a journey plan involving a map, a car ride, and a woodland walk. Origin cities include Montreal and Surrey, with destinations like New York. Recently, 119 illegal immigrants were deported to Amritsar. This highlights traffickers' adaptation to using social media to evade increased crackdowns on illegal immigration activities.
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Massive rise in betting ads: A call for vigilance
Livemint
·
22d ago
Medial
ASCI's recent report reveals a significant increase in illegal offshore betting ads, rising from 1,311 in 2023-24 to 3,081 in 2024-25. Many platforms use deepfake videos for misleading testimonials. ASCI CEO Manish Kapoor highlights the risks of unchecked gambling platforms. In response, ASCI has implemented advanced monitoring systems and vigilance teams to detect deceptive ads. The findings underline the need for heightened consumer protection measures against sophisticated digital threats.
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105 Million Use COD While Shopping Online, says Report
OutlookIndia
·
5m ago
Medial
A report by IAMAI and KANTAR highlights that 105 million Indians use cash on delivery (COD) while shopping online, reflecting a trend due to limited access to UPI and preferences for assurance before payment. As e-commerce expands in rural areas, the reliance on COD grows, but social media-based shopping is declining. India's internet users could reach 900 million by 2025, with significant growth from rural areas, and AI use is increasing for productivity.
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How Telegram became criminals’ favorite marketplace
Livemint
·
10m ago
Medial
Telegram has become a prime platform for illegal activities, serving as a marketplace for criminals to sell hacked data, drugs, weapons, and child sexual abuse material, according to law enforcement officials and researchers. It is attracting identity thieves, pedophile rings, and drug traffickers who use the app to sell stolen identities for opening bank and investment accounts. Telegram's lax content moderation approach and simplicity in opening an account make it appealing to criminals. The platform has faced legal challenges, with its CEO charged with distributing child pornography and refusing to cooperate with investigations.
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Taylor Swift’s music is back on TikTok
The Verge
·
1y ago
Medial
Taylor Swift's music has returned to TikTok after being removed alongside other Universal Music Group (UMG) artists a few months ago. UMG and TikTok had failed to renew their licensing deal, causing a dispute over payment and the use of AI-generated content. The return of Swift's music suggests she may have struck a separate deal with TikTok. TikTok is a significant platform for music discovery, showcasing both indie and established artists. Despite its influence, artists have reported low royalty payments from the platform. TikTok has become a vital community for Taylor Swift fans to share content and engage with the artist.
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Ivy raises $20M to take open-banking payments international
TechCrunch
·
1y ago
Medial
Berlin-based startup Ivy has raised $20 million in a Series A funding round led by Valar Ventures, with participation from Creandum and individual investors. Ivy offers an API for open banking-based payments and aims to create a "network of networks" for global open banking payments. It plans to use the funding to expand its banking deals into more regions and onboard more merchant customers. Ivy's platform includes tools for integrating open banking payment account options at checkout, smart routing, risk management, instant payouts, and payment links. The startup currently has more than 5,000 banks across 50 geographies integrated into its platform.
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TikTok's popularity among European politicians rises despite security fears
Economic Times
·
1y ago
Medial
European politicians, including Ireland's prime minister-in-waiting Simon Harris and France's President Emmanuel Macron, are embracing the use of TikTok to reach younger voters ahead of upcoming elections. However, concerns over security and data privacy have been raised, particularly as TikTok is owned by Chinese company ByteDance. Germany has warned against using the platform, while the US is considering forcing a sale or banning it from app stores. Mainstream politicians are keen to prevent fringe parties from exploiting the platform, but also have reservations about using a platform from an authoritarian country.
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Onsurity raises $24 Mn in Series B led by IFC
Entrackr
·
1y ago
Medial
Indian employee healthcare platform Onsurity has raised $24 million in a Series B funding round led by International Finance Corporation (IFC). The startup plans to use the funds to enhance the claims experience for its members and expand its partnerships with over 50,000 companies. Onsurity offers subscription-based services to businesses, including cyber insurance and liability insurance. It currently serves more than 5,000 companies and aims to reach 50,000 businesses by 2026.
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South Korea's Krafton leads $53 mn funding in Cashfree Payments
VCCircle
·
5m ago
Medial
South Korean firm Krafton led a $53 million funding round for India-based Cashfree Payments, with participation from existing investor Apis Growth Fund II. Cashfree intends to use this investment to accelerate its payment solutions and enhance its market reach. Founded in 2015, Cashfree provides comprehensive payment solutions to businesses and plans to leverage Krafton's expertise to innovate across digital sectors. Cashfree processes $80 billion annually and serves 800,000 businesses, including notable clients like Swiggy and BigBasket.
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Total number of consents processed by NBFC-AA crosses 100 million: Sahamati
Economic Times
·
10m ago
Medial
The NBFC-Account Aggregator framework has achieved over 100 million consents, according to DigiSahamati Foundation. Approximately 80 to 90 million Indians are currently using the account aggregator service. The industry alliance expects the ecosystem to reach a penetration rate of 25 to 30% by the end of the fiscal year. The use cases for account aggregators have expanded beyond loan underwriting to include personal finance management, portfolio management, fraud control, and more. The growth in consent requests from financial information users has been significant, with 63.7 million requests in FY24 compared to 5.5 million in the previous year.
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NPCI May Review 30% UPI Market Share Cap Decision
Inc42
·
1y ago
Medial
The National Payments Corporation of India (NPCI) is expected to review its decision to implement a 30% market share cap on payment players offering Unified Payments Interface (UPI) services by the end of this year. The cap was originally proposed in 2022 to encourage the entry of new players into the UPI ecosystem. This review comes as NPCI aims to boost the digital payments landscape and explore ways to localize the use of UPI. UPI transactions experienced a decline in February 2024 in terms of both value and volume.
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