Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Tone Tag emerges winner in 2 categories of RBI's first global hackathon.


Date: 03-06-2022
Subject: Tone Tag emerges winner in 2 categories of RBI's first global hackathon
Tone Tag, a brand of Naffa Innovations Pvt Ltd, has been declared the winner in two categories in the RBI's first global hackathon Harbinger 2021, organised to encourage entrepreneurs to suggest innovative solutions for smarter digital payments. The Reserve Bank had launched its first global hackathon - "Harbinger 2021 - Innovation for Transformation" with the theme 'Smarter Digital Payments' in November 2021.

In a statement, the RBI said the hackathon had received an encouraging response with 363 proposals submitted by teams from within India and 22 other countries, including the US, UK, Sweden, Singapore, Philippines and Israel.

The hackathon ran in three phases, with shortlisting of proposals in the first phase, solution development in the second phase and the final evaluation in the third phase.

The third phase of the final evaluation was held on May 26-27, 2022, in Bengaluru wherein 24 finalist teams presented their solutions for the problem statements to the jury of external experts, who evaluated and selected the winners and runners-up based on parameters like innovation, technology, demonstration, user experience, security, and ease of implementation.

India-based Tone Tag has been declared the winner in two segments -- 'Innovative, easy-to-use, non-mobile digital payment solutions for converting small-ticket cash transactions to digital mode' and 'Context-based retail payments to remove the physical act of paymen'.

In all, there were four categories.

napID Cybersec Pvt Ltd (INDIA) and TrustCheckr (INDIA) were the winners of the other two categories.

The runner-ups were Extolabs LLC (USA); neoEYED (USA); Sperotel Technologies LLP (INDIA); Ezetap Mobile Solutions Pvt Ltd (India); and Lalit Kumar Pagaria (India).

"These innovative products are expected to bring additional benefits in the payments ecosystem viz inclusion of the underprivileged through non-mobile payment solutions and prevention of digital payment frauds through smart-secure alternate authentication methods as well as timely analysis of social media posts," the RBI said.

Some of the products also offer a seamless payment experience to the customers, it said, and added that these products have the potential for wider adoption and can be integrated with the existing payment infrastructure subject to compliance with applicable regulatory requirements.

They can contribute to the ease and accessibility of digital payments while strengthening customer protection, the central bank said.

Source Name:-Economic Times









Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 04-08-2022
Notification No. 66/2022 - Customs (N.T.)
Exchange rate Notification No.66/2022-Cus (NT) dated 04.08.2022-reg.

Date: 03-08-2022
Notification No. 24/2022-Customs (ADD)
seeks to impose anti-dumping duty on Opal Glassware from UAE & China PR for a period of 5 years.

Date: 02-08-2022
Notification No. 21/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel.

Date: 01-08-2022
NOTIFICATION No. 17/2022 – Central Tax
Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022.

Date: 23-07-2022
Notification No. 44/2022-Customs
Seeks to amend notification No. 49/2021 - Customs, dated 13.10.2021, in order to extend the concessional Agriculture Infrastructure and Development Cess [AIDC] of Nil on Lentils (Mosur) up to and inclusive of the 31st March, 2023.

Date: 21-07-2022
Notification No. 64 /2022 - Customs (N.T.)
Exchange rate Notification No.64/2022-Cus (NT) dated 21.07.2022-reg.

Date: 20-07-2022
Notification No. 43/2022-Customs
Seeks to amend notification No. 22/2022-Customs, dated 30.04.2022 to enable TRQ holders to import gold through IIBX under TRQ mechanism of India-UAE CEPA .

Date: 19-07-2022
Notification No. 19/2022-Central Excise
Seeks to exempt the excisable goods, namely Petrol, Diesel and Aviation Turbine Fuel from Special Additional Excise Duty and Road and Infrastructure Cess when exported from units located in the Special Economic Zones (SEZ).

Date: 19-07-2022
Notification No. 18/2022-Central Excise
Seeks to reduce the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel.

Date: 19-07-2022
Notification No. 17/2022-Central Excise
Seeks to amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on exports of Petrol and Diesel.



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001