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News on Medial
Payments, trust, and AI: PayPal’s India playbook for MSMEs
Economic Times
·
5d ago
Medial
PayPal is positioning itself to support the growth of Indian MSMEs in global markets by emphasizing secure, frictionless payments, AI-driven commerce, and trust. As India's services exports increase, PayPal aims to facilitate global transactions for MSMEs through easy-to-integrate, secure payment solutions, helping them innovate and scale. The company's focus on cybersecurity, AI tools, and partnerships, like with OpenAI, seeks to empower Indian exporters to compete globally, enhancing their competitive edge and broadening digital commerce channels.
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Google, PayPal partner to roll out AI-powered solutions across platforms - The Economic Times
Economic Times
·
2m ago
Medial
Google and PayPal have announced a multi-year strategic partnership to integrate AI-driven shopping and payment solutions across their platforms. This collaboration will integrate PayPal's services like branded checkout and Payouts with Google products, enhancing services and security. PayPal’s Enterprise Payments will process card payments for Google platforms. Following the announcement, PayPal's shares rose over 3%. This partnership aims to deliver innovative and seamless experiences for users across the company’s services.
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IndusInd Bank launches digital banking platform to empower MSMEs
Economic Times
·
5m ago
Medial
IndusInd Bank has launched 'INDIE for Business,' a digital banking platform aimed at empowering MSMEs in India. The platform offers comprehensive banking services, including payments, loans, collections, and account insights, and targets reaching over 60 million enterprises in the MSME segment. It features a 360° view of business accounts, real-time loan tracking, digital self-onboarding, and enables tax payments. The platform aims to simplify banking and provide financial control for MSMEs.
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MSMEs struggle to adopt AI: Nasscom report
YourStory
·
1y ago
Medial
A recent report by NASSCOM reveals that 72% of micro, small, and medium enterprises (MSMEs) in India are demanding AI training programs for their workforce. The report highlights the challenges and opportunities faced by tech MSMEs in adopting AI. The potential of AI in content creation, marketing, customer engagement, and product development is recognized by over half of the respondents. However, limited awareness, budget constraints, and concerns about data privacy and security hinder AI adoption among MSMEs. The report recommends a focus on MSMEs for increased accessibility and tailored use cases to demonstrate AI's benefits.
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Timely payment to MSMEs rule to be enforced from April 1: Finmin officials
Money Control
·
1y ago
Medial
The Indian government plans to implement a rule requiring payments to micro, small, and medium enterprises (MSMEs) to be made within 45 days. Non-compliant companies will have to pay tax on the amount due. Any change to the rule can only be made in the next budget in July, as it needs parliamentary approval. MSMEs often face challenges due to delayed payments, which disrupt their cash flow. The new rule aims to address this issue and ensure timely payments to MSMEs.
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Cybersecurity in the festive season - A strategic imperative for MSMEs
Economic Times
·
1m ago
Medial
India's festive season is a critical sales period for MSMEs but also presents cybersecurity challenges due to increased digital transactions. MSMEs face heightened cyberattack risks, especially with outdated systems. Festive scams and frauds can compromise revenue and trust, underlining the need for robust cybersecurity measures. Cyber insurance, regulatory frameworks, and internal practices like employee training and data encryption are crucial. Integrating these can ensure MSMEs safeguard their operations and thrive despite digital threats.
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AgencyMart: A Startup Reimagining B2B Service Outsourcing in India
YourStory
·
7m ago
Medial
AgencyMart, a B2B marketplace founded by Arnav Gupta and Harsh Agarwal, aims to solve outsourcing challenges faced by startups and MSMEs in India by offering a structured, consultative approach. It emphasizes detailed requirement building, comparable agency pitches, and verification processes to foster trust. Unlike typical platforms, it avoids bidding wars and reduces agency acquisition costs. Aligning with global B2B trends, AgencyMart emphasizes curation and trust, addressing key outsourcing issues for smaller enterprises.
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NASSCOM launches Developer’s Playbook for Responsible AI in India
YourStory
·
1y ago
Medial
The NASSCOM Responsible AI Hub, in partnership with Anand & Anand law firm, has launched The Developer's Playbook for Responsible AI in India. This playbook serves as a guide for developers to identify and address risks associated with the development, deployment, and use of artificial intelligence. It was introduced at the Confluence for Responsible Intelligence event in Delhi, aiming to promote responsible AI practices. The framework has been reviewed and endorsed by a group of experts from various sectors. With the surge in AI funding in India, this playbook offers a practical framework to align practices with responsible AI principles.
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‘Digishaastra’ to Speed Up Digital Adoption in MSMEs
OutlookIndia
·
6m ago
Medial
WhatsApp and India SME Forum launched ‘Digishaastra’ to facilitate digital adoption among micro, small, and medium enterprises (MSMEs) in India. By using WhatsApp for Business, MSMEs can enhance their digital presence, create profiles, customize customer messages, and utilize tools like AI-driven solutions. The initiative addresses challenges like training deficits and data security. Partnered with the Ministry of Micro, Small and Medium Enterprises under the UDYAM Scheme, it aims to empower MSMEs with digital tools.
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ET World MSME Day: How New India Assurance is charting a resilient future for MSMEs
Economic Times
·
4m ago
Medial
The New India Assurance Co. Ltd. (NIA) is adapting insurance solutions to bolster India’s MSMEs against economic volatility, climate change, and digital transformation. NIA is introducing parametric insurance products like Nishchit Suraksha, targeting swift payouts based on predefined triggers, such as rainfall thresholds. The company is also enhancing awareness and trust among MSMEs by simplifying policies and offering embedded coverage with financial products. Declaring 2025 as its 'Year of SME,' NIA aims to extend its reach and support.
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What Happens to Brokers When AI Takes Over Investing? Zerodha’s CEO Explains
StartupTalky
·
4m ago
Medial
Nithin Kamath, CEO of Zerodha, discusses AI's transformative impact on investing, predicting AI will soon dominate trading, banking, and payments through user-driven apps. While AI will automate most tasks, human advisors will help maintain discipline. Despite the uncertain future, Kamath believes trust and strong infrastructure will be key competitive advantages. He warns against letting AI handle orders automatically and emphasizes safety, reliability, and trust as crucial. Big players are focusing on AI-secure systems and zero-trust cybersecurity to ensure stability in digital finance.
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