UPI in Europe💸; India wants 5G software upgrades📱; K’taka CM on Ola, Uber auto🛺
UPI & RuPay in Europe, India to press manufacturers for faster 5G upgrades, K’taka CM orders action against apps that offer auto rides, Funding Deals and more.
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Rise & Shine brings you a wrap-up of all the big stories from the startup ecosystem.
UPI & RuPay set sail to reach the shores of Europe💸
National Payments Corporation of India (NPCI) international payments arm has joined hands with global payments company Worldline to allow European merchants to accept payments via UPI and RuPay.
NPCI will first introduce this for Indians traveling to Belgium, the Netherlands, Luxembourg and Switzerland, and then expand further in Europe. These transactions will be facilitated via Worldline's product for QR-based payment acceptance product.
It is estimated that pre-pandemic, as many as 10 million Indians traveled to Europe each year, and that number is only expected to increase as Covid worries subside.
India to press Apple, Samsung for faster 5G software upgrades in phones📱
India's government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service, Reuters reported.
Apple's iPhone models, including the latest iPhone 14, and many of Samsung's premier phones do not have software compatible for supporting 5G in India.
Concerned by this, top bureaucrats from India's telecoms and IT departments will chair a meeting on Wednesday for early 5G adoption.
It has asked smartphone executives from foreign companies Apple, Samsung, Vivo and Xiaomi, as well as domestic telecom operators Reliance, Airtel and Vodafone Idea to be present, according to a government document seen by Reuters.
Hot Shorts 🔥
Creator-led commerce startup Wishlink has raised $3 million in its seed round led by Elevation Capital.
Financial analytics platform Trendlyne has secured a $1.8 million Series A investment round led by IIFL Fintech fund.
Web3 data analytics platform MakerDojo.io has raised $1.5 million in a pre-seed funding round led by Leo Capital with the participation of UP2398 and Jan M. Leeman.
DevOps and cloud compliance platform OptIQ has raised $1.5 million from Better Capital, Carya Ventures, and a group of investors.
K’taka CM orders action against apps that offer auto rides without licence🛺
Karnataka chief minister Basavaraj Bommai has asked the state’s transport department to take stern action against ride-hailing companies if they are found to be offering autorickshaw rides in Bengaluru without a valid licence.
“No one can operate a service without a licence,” Bommai said Tuesday, after reports surfaced that Uber, Ola and Rapido were collecting inflated fares from customers booking autorickshaw rides through their apps.
The CM said he discussed the subject with transport minister B Sriramulu on Monday and instructed him to take tough action if any operator was found violating the law.
Kumar told the two companies that the licence issued to them only covered rides in cars and not autorickshaws.
Tweet of the day 🐥
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