There’s been a lot of buzz this week about the National Payment Corporation of India’s payment interface that allows instantaneous transfers of money using mobile phones. The platform, called the Unified Payment Interface has been adopted by 21 banks so far. We discuss how the payments landscape is likely to change.
Another highlight of the week was the launch of Reliance Jio’s 4G offering. The company’s management has claimed that it will put an end to voice calls as we know it. But even as the competition ups the ante by slashing data rates, Reliance Jio’s mobile phones, at least the one we have, is yet to start working.
And the big launch, on Wednesday night, were the newest editions of Apple Inc’s iPhone, the iPhone 7 and iPhone 7 Plus. The company also introduced a new series of the Apple Watch and wireless “Air Pods”. Is the new iPhone the big deal, and are the changes incremental, or monumental?