Paytm Payments Bank🏦, Viacom18's Rs 951 Cr media rights🏏, Microsoft🤝🏻OpenAI

Paytm Payments Bank gets RBI nod, Viacom18 pays ₹951 crores for media rights, Microsoft to expand ChatGPT access, Funding Deals and more.

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Jan 17, 2023

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Paytm Payments Bank gets RBI nod to operate as Bharat Bill Payment Operating Unit🏦

Paytm Payments Bank said on Monday it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU).

Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments, FASTag recharge, education fees, credit card bill and municipal taxes.

BBPS is owned by the National Payments Corporation of India.

So far, Paytm Payments Bank has been undertaking these activities with in-principle authorisation from RBI.

Viacom18 pays ₹951 crores for media rights to Women’s Indian Premier League🏏

Viacom18, owned by billionaire Mukesh Ambani's Reliance Industries Ltd., has picked up media rights for the Women’s Indian Premier League (WIPL) for ₹951 crores for the next five years.

The company will pay a per match value of ₹7.09 crore during 2023-27, the Board of Control for Cricket in India (BCCI) said on Monday.

It is expected that the five teams for the first edition of WIPL will be revealed on 25 January.

The BCCI will share 80% of the revenues from the media rights as well as the ground sponsorships among the five teams equally.

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Growth Hacks📈

Microsoft to expand ChatGPT access as OpenAI investment rumors swirl🌪️

Microsoft Corp on Monday said it is widening access to hugely popular software from OpenAI, a startup it is backing whose futuristic ChatGPT chatbot has captivated Silicon Valley.

Microsoft said the startup's tech, which it so far has previewed to its cloud-computing customers in a program it called the Azure OpenAI Service, was now generally available, a distinction that's expected to bring a flood of new users.

Public interest in OpenAI surged following its November release of ChatGPT, a text-based chatbot that can draft prose, poetry or even computer code on command. ChatGPT is powered by generative artificial intelligence, which conjures new content after training on vast amounts of data - tech that Microsoft is letting more customers apply to use.