CashKaro Founder Takes to Twitter for Pending payments From MobiKwik

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HIGHLIGHTS
MobiKwik is a leading bills pockets in India.
CashKaro is certainly one of the larger affliate entrepreneurs here.
CashKaro’s CEO tweeted that MobiKwik owes it six months of dues.
typically, when you see corporations chatting on Twitter, it’s a sad strive at smart humour to makeemblem partnerships and company mergers into trending topics. while CEOs chat on Twitter but, mattersget a little extra slicing.

On Thursday, CashKaro co-founder Swati Bhargava tweeted to MobiKwik CEO Bipin Preet Singh,announcing that payments from the organisation to CashKaro are pending for the closing six months now.

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Funnily enough, the primary reply to the tweet comes from the MobiKwik assist manage, soliciting for theprice tag range of the grievance Bhargava had. The real difficulty is apparently of pending affiliate bills,but Singh did now not tweet in response.

update: Singh answered to our email with the following reaction, completely denying CashKaro’s claim.inside the mail, he states: “it’s no longer factually accurate that payments to cashkaro [sic] are pending formore than six months – affiliates are paid basis validation by way of the advertiser which takes time given the wide variety of transactions. also our phrases of engagement with affiliates make this clean andthere’s commonly ninety days of time we take to pay. this is all pre agreed with our partners.

devices 360 has reached out to CashKaro to shed more light on the difficulty, however neither employerhas shared any remarks – CashKaro stated that this is a regular conversation, and it has nothing to add.we’ve got shared Singh’s e-mail with CashKaro, however got no in addition reaction at this factor.

This might be the first time we are seeing a organization‘s co-founder and CEO having to tweet at every other CEO for unpaid dues. The closing time we noticed CEOs going at it on Twitter, it turned intoSnapdeal and Flipkart, as Flipkart government Chairman Sachin Bansal and Snapdeal CEO Kunal Bahl traded barbs, but normally, you may see regular customers like us complaining approximatelycorporations that aren’t doing their bit – it’s a little surprising to see it at this stage.

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Tags: Bipin Preet Singh, CashKaro, MobiKwik, Swati Bhargava, Twitter

Steam Now helps Bitcoin payments

Steam Now Supports Bitcoin Payments

you could now pay for Steam video games with the maximum famous cryptocurrency – Bitcoin, US-primarily based Bitcoin charge carrier company Bitpay, announced on Wednesday night.

Bitpay’s partnership with Valve confirms the reports that surfaced returned in February. “Valve reached out to us due to the fact they were searching out a fast, global charge method for Steam customers in risinggaming markets in international locations like India, China, and Brazil,” Rory Desmond, director ofenterprise improvement for Bitpay in North the united states and APAC, wrote in a weblog post.

(also see: Sega Mega pressure Classics Hub Brings computer Mods to unfashionable Console video games)

whilst greater customers are coming on-line in in these countries, conventional fee alternatives likecredit score playing cards frequently are not available. because the net‘s standard currency, Bitcoin willallow Steam to without problems attain gamers in each marketplace around the arenawith out thehigh charges or the chance of chargeback fraud that include card bills,” Desmond stated.

This isn’t always the employer‘s first project into the gaming international, having added game developer Wargaming.internet on board two months in the past.

Bitcoin has by no means been far from controversy, however with Bitpay claiming it’s milesthe most important bitcoin fee processor within the global“, there should not be much motive for subject.

add to that the converting attitudes of the Reserve bank of India (RBI). at the same time as theorganization became to begin with pretty bullish and placed fee processors out of commercial enterprisewith the aid of claiming they had been violating the forex management Act (FEMA), there has been achange in perspective since then. In a file issued in December 2015, the RBI stated: “With its capability tofight counterfeiting, the ‘blockchain’ is likely to bring about a primary transformation inside the functioning of economic markets, collateral identification and bills gadget.”

(also see: WhatsApp, Steam Chat, facebook Messenger, Hangouts, Slack, and more in a single Chat App)

As for different gaming platforms, even as Sony does not offer Bitcoin help at the ps network, Microsoft has supported the use of Bitcoin on both windows and Xbox shop for some time now, though the choiceremains lacking in India.

download the devices 360 app for Android and iOS to live updated with the modern tech news, productcritiques, and special offers at the famous mobiles.

Tags: Bitcoin, Bitpay, cryptocurrency, virtual payment, fee processor, Steam, Valve

Amazon Granted Patent for Authorising Payments With Selfies

Amazon Granted Patent for Authorising Payments With Selfies

Online retail colossus Amazon last week was granted a US patent on using selfies – instead of passwords – for shopping when using smartphones.

Seattle-based Amazon reasoned that combining sensor and camera capabilities in smartphones with face and gesture recognizing software results in higher security than passwords or identification numbers.

“Such approaches provide for user authentication without the user having to physically interact with a computing device, which can enable a user to access information by looking at a camera, performing a simple gesture such as a smile, or performing another such action,” Amazon said in a patent application filed late last year.

“Such an authentication can be user friendly, particularly with respect to conventional approaches such as typing and remembering long passwords, and can provide enhanced security because it can be difficult for another person to replicate a user’s face in three dimensions.”

Smartphone cameras would capture video snippets to avoid being duped by a fraudster using someone’s picture to impersonate them in an online transaction, according to the patent application with the USPTO.

“The device can prompt the user to perform certain actions, motions, or gestures, such as to smile, blink, or tilt his or her head.” the patent application said.

Chinese Internet giant Alibaba and payments payments firm Mastercard are reported to be working on incorporating facial recognition in transaction confirmations.

Download the Gadgets 360 app for Android and iOS to stay up to date with the latest tech news, product reviews, and exclusive deals on the popular mobiles.

Tags: Amazon, Apps, Internet, Patents, Selfies, US
[“source-Gadgets”]

ShopClues set to buy mobile payments start-up Momoe

Radhika Aggarwal and Sanjay Sethi, founders of ShopClues. Photo: Mint

Radhika Aggarwal and Sanjay Sethi, founders of ShopClues. Photo: Mint

Online shopping platform ShopClues.com is in advanced talks to buy mobile payments firm Momoe Technologies, as it looks to add a payment service to its platform, according to three people aware of the discussions.

The all-stock deal, likely to be announced in the next 45 days, could value Bengaluru-based Momoe at anywhere between $8 million and $15 million.

Mint reported in December that ShopClues was looking to invest close to $50 million in either buying stakes or acquiring start-ups in the hyperlocal, ad-tech and Internet payments domains in order to accelerate expansion in India’s fast-growing e-commerce market.

ShopClues will use Momoe’s technology to strengthen its payment network for merchants on its platform and will further integrate it with its hyperlocal commerce business, one of the three people cited earlier said on condition of anonymity.

During the past 12-18 months, large e-commerce firms have made investments, acquisitions and partnerships with payments companies to claim a share of the digital payments vertical, which helps reduce the dependency on cash and makes it convenient for online shopping.

In February, Amazon announced the acquisition of online payments firm Emvantage Payments Pvt. Ltd to develop India-specific payments solutions; Snapdeal acquired mobile wallet firm FreeCharge in April 2015; and Flipkart bought payments services company FX Mart Pvt. Ltd in August 2015.

Momoe was founded in June 2014 by Utkarsh Biradar, Karthik Vaidyanathan, Ganesh Balakrishnan, Neelesh Bam and Aiman Ashraf. The company primarily provides payment solutions for offline merchants. IT allows customers to make digital payments using the Momoe app on their mobile phones.

In February 2015, Momoe raised close to $1.2 million from IDG Ventures India, Jungle Ventures and India Quotient. The firm currently has 4,000 merchants on its platform in Bengaluru and Pune.

Momoe, which has around 40 members on its team, will be absorbed by ShopClues, people familiar with the matter said.

ShopClues and Momoe declined to comment.

US-based ShopClues, which in September launched a chat feature ShopClues Connect for consumers to directly interact with sellers, is likely to use Momoe’s technology to further strengthen this platform and ease transactions. It will also help ShopClues’s hyperlocal commerce platform, which has been launched in Gurgaon and is currently in the beta stage.

ShopClues, which in January raised close to $100 million—largely from sovereign wealth fund GIC Pte Ltd of Singapore—currently has a seller base of over 250,000 merchants. Other investors backing the company include Tiger Global Management Llc, Nexus Venture Partners and Helion Ventures.

The online marketplace, run by Gurgaon-based Clues Network Pvt. Ltd, is focused on taking unstructured categories online, unlike large e-commerce firms Flipkart, Snapdeal and Amazon, which largely focus on structured categories. ShopClues counts the Indian middle-class looking to buy unbranded goods as its target clientele. Founded in 2011 by Sandeep Aggarwal, Radhika Aggarwal and Sanjay Sethi, it currently ships over 4 million items and gets over 150 million visitors a month.

India’s e-commerce market is estimated to touch $100 billion by April 2020, Goldman Sachs said in an October 2015 report.

[“source-Livemint”]