India’s First Digital Only Bank digibank offers more than Kotak 811

With the whole idea of going cashless, the banking sector has completely revamped the way transactions are made. Several banks have come up with digital wallets, efficient banking apps and services. However, DBS has taken it to a next level with a revolutionary way to bank with digibank, India’s first downloadable bank account. It is an app that allows you to open a savings account without physically visiting the bank and helps you do transactions on the go. The digibank app provides a trusted, hassle free way to update the KYC information post which an executive visits you for the biometric information. The app lets you shop, pay utility bills, do mobile recharges and make online payments and also enjoy cash back offers at the same time. Continue reading “India’s First Digital Only Bank digibank offers more than Kotak 811”

UPI Payments: What you should know about it

The Unified Payment Interface (UPI) was introduced in India in 2016. This system is set to change the way we transact money.

Money is important to everybody, but in recent times, it has become vital to our very existence. Rising living costs and an economy not yet performing to its full potential combine to rob most of us of a large chunk of our income every year. Add to that the fear of another demonetisation ever taking place again, and people are sceptical about keeping a large amount of funds at home as well. Continue reading “UPI Payments: What you should know about it”

How Smartphones Can Improve Employee Retention

Smartphones have become a valuable tool for the workplace. They’ve made everything from communication to productivity possible anywhere a data and voice signal exists, and almost everyone seems to have a smartphone due to the low threshold of ownership. By giving their employees freedom to do their work remotely, employers can offer new phones as an employee benefit, giving workers the ability to stay connected to the office even when they’re out of the office. Explore some of the ways a smartphone can improve employee retention. Continue reading “How Smartphones Can Improve Employee Retention”

7 POINTS OF PAYTM SUCCESS STORY

Whenever we run out of cash the tagline that rhymes first in our mind is “PAYTM karo”. We can mobile recharge, book tickets, pay our daily utility bills, make hotel bookings, movie tickets booking and the list goes on and on. Paytm offers you cashback most of the time you use it to pay bills or book tickets etc. PAYTM has become an important part of millions of people’s day to day life. It had made our work easier and convenient. PAYTM not only provide us the convenience but also helps us to save time and money. There is popular saying that time is money but PAYTM not only save our time but it also saves our real money. If you are new customer than the amount of cash back and the number of offers increase for you. Continue reading “7 POINTS OF PAYTM SUCCESS STORY”

Top 4 Mobile Apps for Personal Financial Management

Are you struggling to save money? You are not alone.  A recent survey conducted by Bankrate.com revealed that 60% of respondents would be forced to empty their savings in the event of a financial emergency such as a job loss, an unexpected medical bill or car repair.

One of the main reasons why most of us can’t save money is failure to budget. Budgeting, particularly via the pen-and-paper method – which is typically tiring, time consuming and cumbersome, can be a daunting task. And, of course, we all know that tracking finances in our heads never works out, whether it is due to forgetfulness, impulse, or a myriad of other things. Continue reading “Top 4 Mobile Apps for Personal Financial Management”

Why we Love Recharge Apps So Much

Our smartphones get smarter by the day as they manage our lives efficiently and effortlessly. Recharge apps are a big component of this activity.

If somebody told you five years ago that your mobile phone would become the facilitator for everything you could possibly wish to do, you would have thought the statement an exaggeration. But look at your mobile phone usage today – there is scarcely any activity you do that does not involve using your phone. Continue reading “Why we Love Recharge Apps So Much”

Test post from mobile

This is a test post from mobile so as to assess the compatibility of the mobile app towards posting new articles in business-fundas.com. interestingly this new approaches very exciting and helps to create post really fast on the fly thank you wordpress for such a great app and a great interface to connect with your mobile and create posts on the go.

Mobile Manners for the Smart People

It is time to take a pledge. We have been obsessive about our smartphones for too long. It is time to take a stand. As for me, I do hereby solemnly pledge that I will maintain a fine balance of the mobile world and the physical world and not bury my head in my mobile phone all day. Continue reading “Mobile Manners for the Smart People”

Tips on choosing the right business phone plan for your business

Every businesses needs good communication in order to succeed in the connected world. Here is how to select a business phone plan to meet the needs of your business while keeping costs low. For starters, if you’re looking for a simple to deploy future-proof solution that will easily scale with your business as it grows, then you have to look at business phone plans that will fit your current needs – not seemingly perfect ones that are all bark and no bite. Here are quick benefits of utilizing this technology for your business. Continue reading “Tips on choosing the right business phone plan for your business”

Business Fundas is now available in HBR

A case study was conducted on Business Fundas, how the website uses different tools and strategies to improve its reach and serve different audience segments. In the domain of digital content publishing, Business Fundas maintains a niche in terms of providing a high variety of content and strategies for entrepreneurs and start-ups.

Continue reading “Business Fundas is now available in HBR”

Embrace Payment System Changes

The current way of accepting merchant payments is comfortable. Little has changed over the past years, and because of this, new changes are scary. Threats of mass hackings can leave a merchant scared to change even the slightest thing about their merchant processing. Even though change is hard, you need to adapt to the newest forms of mobile payment systems. Continue reading “Embrace Payment System Changes”

Moto X Price India – The Affordable Phone for Every User

Every mobile user knows the importance of their gadget. They have become the essential crutches to our fast paced, multitasking life. With all the functions and errands that it helps us accomplish, it has turned from a luxury to a necessity. Motorola recognizes this need of ours and has thus come up with many products in the category to satisfy our needs. The Moto X is one such mobile that has gained immense popularity among the masses. Continue reading “Moto X Price India – The Affordable Phone for Every User”

Protecting Your Company Information at the Employee Level

As a small business owner, you know that your business and client information is valuable to your company. What you might not realize is that your business information might be valuable to someone else. If your company doesn’t do a lot of business on the internet, you might also believe that your low internet profile will protect you from people trying to steal your information. Continue reading “Protecting Your Company Information at the Employee Level”

Increasing Preference for Mobile Wallets – secure and reliable

The still evolving ecommerce and mcommerce technology has given birth to mobile wallets. If you are hearing the word mobile wallet for the first time then these wallets are loaded with cash electronically from an ATM or a mobile retailer. These mobile wallets can be used by customers to shop online or for recharging services such as mobile, data cards and even DTH services. Mobile wallets ensure smooth and hassle free transfer or payment implying uninterrupted service. Continue reading “Increasing Preference for Mobile Wallets – secure and reliable”

Where to Buy Unlocked Android Phones

The battle between Android phones and iOS phones will probably never cease. Some people simply prefer one over the other and that is ok, too. After all, the world would be boring without some basic diversity and choice options. So, if we assume for a minute that you are on the side of the Androids, where can you go to buy unlocked Android phones? There are actually a number of possibilities out there and finding the right one for you really depends on your own needs and desires. Let’s take a look at some of the options.

Using Online Bidding Sites

Your first option is to use an online bidding site to find an unlocked Android. There are a number of pros and cons to this option. Firstly, there is a chance that you can get your hands on a really good phone for very little money. Of course, the chance is slim since you will be bidding against a range of other people, but sometimes you do strike it lucky. There is a downside as well, however. The biggest issue is that you don’t really know what condition the device is going to be in. Someone will generally post a photograph, but you don’t really know whether their description is correct until you have paid for the item and received it. Although you do have buyer protection, you will find that the hassle of returning the device and getting your money back is more than you had bargained for.

Speak to Family Members and Friends

People are always upgrading their phones, which means that it is likely that you know somebody who is getting rid of their old phone and getting their hands on a new one. Very often, these phones are also unlocked. Hence, you could ask whether they would be willing to sell their old phone on to you and since they are people you know, they may just give you a good deal. Indeed, they may even pass it on to your for free. The main downside is that you will always have an older model this way, rather than the latest thing.

Going to Dedicated Stores

There are also a number of dedicated stores that sell unlocked Android phones. Some of these stores are available online, others operate on the high street and can simply be visited at your convenience. There are a number of clear benefits to this option. The first is that the selection of phones available to you will be massive. Secondly, they will store both new and old models. Furthermore, all phones will be checked for quality and functionality and there will be an honest description of this. Hence, if your phone is not in the best condition, you will know about it before you buy it. The downside is that these phones tend to be slightly more expensive than what they would be anywhere else. This is because they have to be checked and tested and possibly repaired, and the shop also has to run a profit.

MC0006802E CUBOT S208 White

Cubot Promotion is on fire, and we are here to discuss about the Cubot Smartphone Carnival in which you can get the Best Android 4.4 Smartphone and Cubot Quad Core Phones. Cubot is an emerging mobile company which is delivering the quality mobiles at cheap prices. All mobiles of Cubot are made after the expert reviews and advices. Cubot Quad Core Phoneare the best quad core phones in the price range. Below I have reviewed one the best phone of Cubot. That is Cubot S208 White. Continue reading “MC0006802E CUBOT S208 White”

Apple and Google: Two Different Markets?

The smartphone market is enormous. Within it, however, two smartphone designers and manufacturers stand at the forefront. These two companies are Apple and Google. Apple is very much a minority market. They cater to a highly lucrative niche. According to Cheap Phones, the new iPhone 6 sold for a minimum of $650. An iPhone 6 Plus with an astounding one-hundred and twenty-eight gigabytes of memory costs, on launch, an equally astounding $950. Google, on the other hand, have recently released their Android One smartphone in India for a much more manageable $100. Continue reading “Apple and Google: Two Different Markets?”

10 Tips on Shopping Online Safely

Online shopping is so easy and convenient that we get used to it pretty quickly. Generally it is safe to shop on the internet and this may make us comfortable with sharing our card details and other valuable information readily. It is always best to be on the cautious side and take extra care while you are spending your money. Here are 10 tips to help you stay safe. Continue reading “10 Tips on Shopping Online Safely”

5 Unbeatable Tips to Keep Your Company’s Premises Secure

Keeping your company’s premises safe requires a holistic approach to security, with a smorgasbord of factors to be wary of aside from locking the front door and hoping for the best when you’re done for the day. Considering the furtiveness and tenacity of contemporary criminals, it’s no surprise that your firm should be on the front foot to avoid your property – physical or electronic – from falling into the wrong hands. Continue reading “5 Unbeatable Tips to Keep Your Company’s Premises Secure”

Diffusion of Electronic Banking Solutions for Financial Inclusion

A major pain point of the banking industry is the challenge of how to penetrate the Bottom of the Pyramid (BoP), a concept which was popularized by Prahlad [3]. This indeed is a sizeable market, consisting of 2.5 billion people who live on less than US$2.50 per day. Technology is being heralded as a major enabler for the diffusion of banking solutions in this segment, and the same is being brought about by different types of electronic payment systems.

It is interesting to note how in emerging economies, diffusion of these technologies are creating benefits for this segment [4]. No wonder technology vendors and service providers are rallying to get a big pie of this cake and research in this topic has increased significantly [1,2]. However, the risks of fraud and perceived usefulness of these technology are slowing down the diffusion of the same in these economies. Another major barrier is internet penetration, which is significantly low, in developing economies, especially in the rural segments.

However, the development of banking solutions which can be used through Mobile based technologies, can significantly eradicate these problems. The adoption and penetration of mobile phones is significantly larger than internet based technologies. Hence technology giants like IBM and Microsoft are investigating significantly on research, so that mobile payment solutions can be made available to this segment. Some of the major technological advancements which are attempting to address this gap are speech technologies like the spoken web. It would indeed be interesting to see how such technologies can bring about inclusive development in the banking and financial services industry. Indeed the adoption of these technologies can bring about financial inclusion for the general masses by enabling banking solutions for this segment.

References

  1. Kar, A. (2009). eBusiness Enablement: Implications for Business Strategy. Available at SSRN 1432433.
  2. Kar, A. (2009). The Past, Present and Future of Information Systems Research. Available at SSRN 1366962
  3. Prahalad, C. K., & Hart, S. L. (2002). The Fortune at the Bottom of the Pyramid. Strategy and Business, 54-54.
  4. Simpson, J. (2002). The impact of the Internet in banking: observations and evidence from developed and emerging markets. Telematics and Informatics, 19(4), 315-330.

How Technology will change Small & Medium sized Business

And here come 2012. The era of computing has seen some dramatic improvements in 2011. But what is interesting is the evolving focus of technology majors from large enterprises to small and medium sized businesses. So what could be the major movers and shakers for the next two years as we gear ourselves to ride this wave of technological evolution, more in terms of focus and perspective?

  1. Small and Medium Enterprises (Popularly called SMEs) will ride the wave on e-business offerings. The time has come when even the smallest service provider will leverage m-commerce to advertise his service range for the customer in serviceable range, with the growing popularity of location based services. Everyone with a mobile is potentially reachable through this technology, which is fast increasing in popularity. The fact that Forrester Research predicts m-commerce will grow at a compound annual growth rate of 39% through 2016, and that tablet adoption will grow at a compound annual growth rate of 56% per year through 2015, indicates Location Based Services have a really bright future.
  2. With the increased popularity of SaaS models in Information Technology offerings, small business can today harness the power of costly powerful technological resources, shared by multiple users, without shelving off millions of dollars. I foresee more and more focus of offerings in the domain of Business Intelligence, which are in a cloud model, for SMEs from the technology service providers. With the resources moved to a cloud, it would be possible to harness the power of ever improving processing capabilities to the available data and then leverage the information and knowledge and gain competitive advantage. The offerings of Business Intelligence on the cloud, should be of the greatest boon to the SMEs and should have a great rate of technology adoption.
  3. With the increasing access and penetration of the internet, the years to come may witness a growing proliferation of web based start-up ventures, which may operate purely on a click first e-business model. There may be a splurge of knowledge disseminating service providers or web-based internet marketers leveraging the power of affiliate marketing. However, it would remain to be seen whether this time the wave survives longer than the last wave which crumbled during the dotcom burst of the late 1990s. These pure-click e-business models may be further boosted by the integration of such business with the social networking sites like Facebook and Twitter, the likes of which have seen a faster adoption amongst the consumers than any other technology.
  4. With a greater focus on web-based offerings, very soon SMEs will start harnessing the power of open source resources and applications, in the regular operations and transactions. Job monitoring, scheduling, live meeting and communications in general will start being more accessible to the SMEs without deep pockets. This may see a fast growth amongst businesses who are able to assimilate the benefits of the increasingly accessible technological offerings.
  5. Last, but not the least, technology may again be leveraged in providing social services. With the increasing focus on social marketing, and the issues centered on triple bottom line, sustainable governance structures may evolve amongst the SMEs which would be heavily leverage on the power of technological advances in general, and e-Business models in particular.

In short the next few years promises to deliver a lot to us. But to what extent the technology evolution and revolution will witness an adoption and assimilation in the SMEs will be interesting to monitor. What do you feel about this era of technological evolution and its impact on SMEs? Write to us.

Location Based Services

Location-Based Services (LBS) typically are information based or entertainment providing services, accessible with mobile devices like smart phones, web-enabled phones, PDAs, Notepads and Palmtops through the services of a telecom network provider. Typically these services utilize the ability to make use of the geographical position of the mobile device. These services are getting immensely popular as a tool for services marketing for B2C focused businesses. Continue reading “Location Based Services”

Windows 7 – The Mango Phone

Microsoft has finally launched the next generation operating system for the smartphones.

Once the leader in the Smartphone operating system developers, Microsoft has currently a penetration lower than 5% in the smartphone market towards the end of 2011, currently ruled by Android. Android now has a third of the global market share  (33%). RIM’s share has plummeted to 29%. Apple is barely holding at 25% and Palm, which is barely worth mentioning anymore, fell another point to 2.8%.

Microsoft is targeting to gain considerable market-share upto 10% for the time being and slowly regain its otherwise lost competitive advantage. By collaborating with HTC (Radar), Samsung and Nokia, Microsoft is targeting a mass market where it can reach out to its potential customers.

A question that may worry many technocrat is that with all the added GUI that microsoft has pumped into the Mango phones (Windows 7 and Windows 7.5), how will the added power consumption be handled by the high end processors added to these really smart phones (1 GHz processors are the norm now). Smartphone users are often plagued by the battery support that forces them to recharge their phones every alternate day or even everyday, if one talks for 4-5 hours. While, due to this very specific need, smartphones from Blackberry (RIM) and Nokia Symbian Smartphones are still in the market, its time to realize that business users of smartphone often value these hard performance factors over GUI improvements.

Another major area of focus is connectivity, especially over web. Most of these smartphone sucker out while being connected over 3G. If you are online, in most phones, if not all, you are likely to need to recharge your phone everyday, and effectively after a year, your battery starts showing signs of stress. I personally sometimes miss those days when I could charge my mobile once a week and that would satisfy all the phone-calls I needed to make. While I thrive on the web, it has its costs too.

With other features in the mobile market going for a rat race (like cameras, internal memory, etc), a major decision point in the purchasing behavior may be these factors. Also another decision factor may be the accessibility to services and distribution channels, something which Microsoft is targeting in a very focused manner by collaborating with Nokia, which has one of the most extensive servicing and distribution channels.

While in the days of cloud computing, what everyone else is using is also adding drastically to the experience of using a smartphone, it is necessary to understand that jumping into the smartphone bandwagon should be a decision taken more judiciously for every user, based on a smart analysis of one’s actual needs.

It remains to be seen who will win this fight for market-share in the operating systems market. It indeed is getting intensely competitive. Will Microsoft be able to turn over its bad times with this Windows 7 series? Only time will say. What do you think?

Indian Telecom Sector – Market Analysis

In this report we try to provide some information of the Indian Telecom Sector in June, 2011, based on secondary research. The boom phase for Indian telecom market continues to thrive on the availability of cheaper telecom services alongside an aggressive marketing strategy by the service providers. The growth phase is panning out across India and is not just limited to urban India. While the customer satisfaction has increased substantially in 2010 and 2011, as per a survey done by TRAI, the profitability of the sector has decreased substantially in 2011.

While the market continues to be led by Bharti Airtel, in terms of market share by revenue, it is closely followed by Vodafone and the relative younger player, Idea Cellular. BSNL is continuing to witness a sharp decline in its subscriber base, with probably the highest ever telecom churn in the industry.

One of the major causes while the telecom operators have seen such a mixed bag of fortune is due to the introduction of the Mobile number portability (MNP).  Due to the introduction of this service via regulation, customers will be able carry their mobile number across service providers in India. The biggest affected service providers had been Reliance and BSNL, while Airtel has been the leading gainer from this exercise.

Understanding mobile commerce: How can it be successful

Mobile Commerce (m-commerce) refers to any transactions conducted through a variety of mobile devices over a wireless telecommunication. M-commerce was initially expected to experience a substantial growth for  rapid proliferation of mobile device adoption and the obvious advantages of accessibility of service anywhere, anytime. Continue reading “Understanding mobile commerce: How can it be successful”

Can we get computer security for free

Gone are the days when you needed to shell out a huge amount of money to buy security for your laptop or personal computer. Today, most of the anitivirus developers provide antiviruses and anti-spyware for free. The revenue generation model for these companies have undergone radical changes and transactional viewpoints have become a talk of the past. this article discusses the policy of providing free anti-viruses.

Gone are the days when you needed to shell out a huge amount of money to buy security for your laptop or personal computer. Today, most of the anti-virus developers provide anti-viruses and anti-spyware for free. The revenue generation model for these companies have undergone radical changes and transactional viewpoints have become a talk of the past. Continue reading “Can we get computer security for free”

Security for Mobile: It matters

Today, with the rise of popularity of ubiquitous computing and enterprise mobility, more and more professionals have started using PDAs and smart-phones for conducting business. A major risk is that such usage exposes one to attacks through the less secure WiFi or Edge. Protect yourself from mobile security breaches without incurring huge expenses through 7 simple steps.

Today, with the rise of popularity of ubiquitous computing and enterprise mobility, more and more professionals have started using PDAs and smart-phones for conducting business. A major risk is that such usage exposes one to attacks through the less secure WiFi or Edge. The cipher used by the General System for Mobile Communications (GSM) has been cracked by a German researcher Karsten Nohl who presented his findings Sunday at a hacker conference in Berlin. So there is a reasonable cause for most users to worry as the security scheme used by 80 percent of the world’s cellular telephones has been compromised. Continue reading “Security for Mobile: It matters”

Green mobile phones: is it here to stay?

A serious concern on the usage of electronics and more importantly cell phones, is the ecological implications they have. The digital wastes have a lot of negative impact which is basically a cumulative recipe for disaster for our planet earth. This blog provides an insight on few of the exciting offerings on green mobile phone technology and how companies are gearing to tend to this emerging urgency.

A serious concern on the usage of electronics and more importantly cell phones, is the ecological implications they have. The digital wastes have a lot of negative impact which is basically a cumulative recipe for disaster for our planet earth. Continue reading “Green mobile phones: is it here to stay?”