Rakuten signs 10-year Network deal with Germany’s 1&1 AG

Japanese e-commerce major Rakuten Group has signed a 10-year contract to build, run and maintain a fully-virtualised network for Germany’s 1&1 AG. While the company declined to disclose the value of the deal, Nikkei newspaper reported its worth at over 250 billion yen ($2.3 billion). “We are defnitely a front-runner in this field and I […]

India’s RackBank Datacentres to use clean energy from ReNew Power

RackBank Datacentres has entered into a memorandum of understanding (MOU) with renewable energy company ReNew Power to power its data centres. As per the terms of the MOU, ReNew will supply power generated from renewable sources to RackBank’s hyper-scale data centre in the country. Further, ReNew will construct, own and operate a wind-solar hybrid power […]

App-based payments have increased in India during the pandemic

The COVID-19 pandemic has led to an increase in the usage of app-based payments which have doubled year-on-year (YoY) in the January-March quarter of 2021. Data released by the Reserve Bank of India (RBI) showed that in January-March 2021, mobile transactions recorded a 96 percent growth in volume to 8.32 billion, while in terms of […]

NPCI collaborates with Bahrain’s leading Fintech Company to enable RuPay acceptance

NPCI International Payments Ltd (NIPL, International arm of National Payment Corporation of India) has collaborated with BENEFIT, Bahrain’s leading company in Fintech and electronic financial transactions service to enable RuPay acceptance at ATMs and Point of Sale (PoS) terminals across Bahrain. RuPay is the Global Card payment network from India, conceived and operated by the […]