There has been a rapid transformation in each and every sector due to technology, much of which can be attributed to the advent of the internet. Though every device is becoming much more ‘smart’er; be it the phone, refrigerator, washing machine, etc., there are still some devices/tools that are still very 90’ish and had to make the technological shift. One such tool is the Screwdriver and it was about time that the screwdriver also went smart along with a major design overhaul!

Today, consumers expect a smart device for an enhanced performance, longer lifetime, and faster charging cycles as well as compact designs. A couple of days back, Bosch Power Tools India, leading manufacturer and marketer of power tools for construction, woodworking, and metalworking industry, announced the launch of a smart screwdriver ‘Bosch GO‘. This new smart screwdriver combines all these features and is bound to boost engineering standards.

Bosch GO Smart Screwdriver

‘Bosch GO’ smart screwdriver is a perfect tool for screwing tasks, it is not only cordless but also has a very compact design that makes it very easy to use. ‘Bosch GO’ is the smart screwdriver where a simple push gets the work done and it’s intelligent E-clutch system knows when to stop on reaching the target torque. The strong spindle lock closes the gap between manual and automatic operation helping users to stop impending work on demand.

Bosch GO is powered by a lithium-ion battery and is compact & easy to carry around anytime, anywhere. The tool is designed to be as close to the shape and size of a manual screwdriver in order to help the Indian user leapfrog from manual effort to effortless working with minimal discomfort. With the smart screwdriver, you no longer need to worry about the misaligned screws since it has excellent precision. ‘A simple push, A perfect finish’ perfectly suits the Bosch GO.

Advantages of the Bosch GO Smart Screwdriver

Compared to the normal screwdriver, this tool has the following advantages:

  • Powerful – Four times more powerful than the existing screwdriver
  • Intuitive – Intuitive operation style, just push to drive screws [Push & Go]
  • Precise – Intelligent E-clutch system stops when you want to stop
  • Lightweight – It is just 0.28 kg making it easy to carry and enabling hassle-free working for a long time.
  • Torque setting – The torque setting has six levels, 1 is for small screws into soft surfaces, e.g. Softwood. 2~4 is for standard screws & 5~6 is for big screws on hard surfaces, such as metal, teak wood, etc.

Features and Technical information of Bosch GO Smart Screwdriver

Developed with an extended UX approach and with a user-friendly design, it adds an aesthetic value to repair tasks. From tightening to loosening screws, this smart screwdriver comes with adjustable 5/2.5 Nm torque and the speed goes up to 360 rpm. The user can even use the product manually as it has a spindle lock that allows him to carry on the screwdriving operation without any hassle.

‘Bosch GO’ is powered by the 3.6V 1.5Ah in-built battery for longer run time and 90 mins of charging attains a full charge. ‘Bosch GO’ features new innovations that deliver unprecedented run-time and efficiency for any kind of application. It has a Micro-USB charging point and a 3-LED charging indicator. The screwdriving functions can be carried on with absolute ease due to the rotary brush plate that assists with the forward and reverse rotation.

To summarize, below are the major features and in-depth technical information of Bosch GO

Features of Bosch GO
Technical Details of Bosch GO

What’s in the Box – Bosch GO Smart Screwdriver

The Bosch GO kit comes with the following:

  • Bosch Go smart screwdriver in a plastic case
  • 33 pieces screwdriver bits
  • USB Adaptor and USB cable

Be it tightening door hinges, fixing electrical switchboards, repairing cycles, furniture installation, etc., with the smartness of Bosch GO you can now enjoy effortless & high-precision screwdriving 🙂

Bosch GO Smart Screwdriver – Pricing and Availability

Bosch GO is available on Amazon India and Flipkart at a price of Rs. 2,199 & Rs. 2,399 respectively. The retail price is Rs. 4,450 and the product will be available at dealer stores across India from October onwards. Customers can reach at 18004258665 & bpt@in.bosch.com

Truecaller has announced that it will be launching Truecaller Ads Manager, a self-serving platform for its ads, and soon be enabling advertisers to launch six-second videos on its platform.

Truecaller Ads Manager will open its unique ad inventory to small and medium businesses. The platform will enable small and medium sized businesses to manage their ad campaigns running on Truecaller’s ad platform proactively, enabling scale to reach a larger audience in a personalized manner.

As video consumption drives mobile usage in India, the move will allow marketers and advertisers to achieve top-of-the mind recall and increased brand awareness. The six-second video ads will further help them drive purchase intent and deliver contextually relevant messages to their audiences.

Truecaller Ads has grown as a platform with over 300 per cent the past 12-months, and has recorded 200 million impressions on its ads, in India alone. Following this growth, the move further strengthens Truecaller’s commitment towards inherently engaging their users with their partners.

Commenting on the launch, Ted Nelson, Chief Commercial Officer, Truecaller said

We are excited to launch Truecaller Ads Manager as it will give small & medium sized businesses an easy way to utilize our unique ad platform. With this launch, we aim to fast track programmatic advertising in India. Also, with the consumption of video content across entertainment and media soaring in India, this is a great opportunity for businesses to showcase their brand to their consumers by leveraging video content to reach their audiences.

Having launched many updates earlier this year, Truecaller is expanding its frontiers to add more value to the lives of its customers and partners.

PayPal, world’s leading payments platform have announced a 50 percent reduction in the Foreign Inward Remittance Certificate [FIRC] from Rs. 200 to Rs. 100 per transaction, for up to 20 transactions.

For more than 20 transactions, bulk FIRC fee will be levied at Rs. 2000. The move is in line to reduce the cost incurred in receiving payments from global markets and to encourage merchants to grow their cross-border business and realize the Government’s Make in India vision.

Narsi Subramanian, Director, Small Sellers & Consumers, PayPal India said

The reduction in the FIRC fee is in line with our commitment of becoming a customer champion and enabling merchants to grow their cross-border business in a profitable manner.

FIRC is a document that acts as a testimonial for all the inward remittances entering India. Most of the statutory authorities accept this document as proof that an individual or a business, such as a limited company, partnership firm, sole proprietorship firm and others, has received a payment in foreign currency from outside the country.

The freelancer market in India is growing immensely and PayPal is committed to help Indian freelancers improve profitability and improve the payment experience.

Synechron, Inc, he global financial services consulting and technology services provider, in partnership with Efma, has released a report revealing that C-suite banking executives largely believe that the future of the bank branch is bright, with the proper investment into digital transformation.

Image Source – Digital Banking

The World Branch Report 2017, entitled Digital Branch Transformation – The Evolution of Branch Banking surveyed decision-making bankers from across the globe in order to examine the role bank branches play in the current digital era and in a time of mobile-first thinking, and gather insight into where branch banking is trending. As a leader in digital branch transformation, Synechron sought to focus around four key areas, including the current market perception of the bank branch, where banks are investing in branches, how new technology can enhance the branch model, and what role staff will play in the bank of the future. Some key findings include:

Survey shows 88% believe physical branches add value to customers and will play a role in the future of banking.

Nearly a quarter [24%] intend to increase their branch network and invest in changing the model, yet nearly one in four [39%] said they plan to decrease their branch networks whilst investing in change to the current model.

63% of respondents are planning to change their branch model in line with digital transformation.

Over recent years, the number of bank branches have been in steady decline with significant closures across the US, Europe and the UK. However, this new research suggests that 88% of the bankers surveyed believe that physical branches add value to customers and will continue to play a significant role in the future of banking.

Retail and Consumer Bankers are predominantly looking towards technology to improve the in-branch customer experience and evolve the role of their staff as opposed to motives around reducing cost and reducing FTEs.

The top focus area for branch transformation as identified by those surveyed is to improve customer service/engagement, which 42% identified as a priority, followed closely by the evolution of the role of branch staff [40%]. This, however, is followed closely by introducing digital interactive experiences [38%]and self-service automated technologies [36%].

The bank of the future will continue to have a physical presence, as 97% of bankers agree that only people can bring an emotional connection to the bank, and their role will be focused on bringing the relationship connection with the bank. However, 62% of respondents are planning to reduce overall headcount in bank branches. While the traditional branch model historically was centred around transactions, the branch of the future will evolve to serve as an advisory service hub, complimented by digital experiences and employing bankers with specialized skills that combine sales and service responsibilities.

David Horton, Head of Innovation, Synechron, said

Bank branches have played a critical role in the development and success of retail banking in modern times and they will continue to play an important role, but our new report with Efma shows that the model must change and adapt to support today’s digital customer. Through digitization, the bank branch can reinvent itself to improve the experience for the customer while maintaining the personal and emotional connection which many customers value so highly.

The coming years will prove significant for retail banks as they look to evolve their value proposition, acquire new customers, and retain existing one’s through a culmination of digital and physical services.

Vincent Bastid, Efma Secretary General, said

We are at a digital crossroads within the banking industry, and while digital and emerging technologies are taking the lead, our survey with Synechron confirmed that banks still value the physical bank branch, and are looking for ways to merge the two experiences to gain the best outcomes for both banks and their customers. Prioritizing digital is no longer a ‘nice to have’ addition to a bank, but is critical in shaping their future strategic bank initiatives and the future of customer experience in the branch.

The complete report can be accessed here

PayPal is one of the most successful payment processors today. It is available in 202 countries with 203 Million active users. There are 770,793 websites currently accepting payments with PayPal, and this number is growing day by day.

PayPal has remarkable founders and employees, who have succeeded in different spheres later in life. Chad Hurley, Steve Chen, Jawed Karim, the former employees of PayPal founded YouTube, Reid Hoffman founded LinkedIn, Elon Musk founded Tesla, Yelp was founded by Russell Simmons and Jeremy Stoppelman.

Find more interesting facts about PayPal in the infographic, that experts from Play-N-Pay compiled for you. Today we will cover the most interesting six facts about PayPal, which you should know.

$20, $10, $5 marketing strategy

In its early years, PayPal was charging money from every new user. At first, it was a $20 fee, then $10, $5 and PayPal grew at almost 10% per day. From March 2000 to August 2000, PayPal’s user base jumped from 1 million to 5 million. After this early success, PayPal quickly went public on NASDAQ.

PayPal went public twice

In 2002, PayPal stock grew to 55% on NASDAQ. After this in July, the same year eBay bought PayPal for $1.5 billion. This money gave the opportunity for PayPal’s founders to reshape much of the technological world we know today. In 2015, Ebay spun off PayPal, and the two companies were divided again. Since then PayPal stock grew about 56%, and eBay’s stock is up by 43%.

PayPal supports 26 currencies

Though PayPal supports 26 currencies, there are differences in the accounts for different countries. For example, there are many countries where PayPal users can’t enjoy some of the financial features that Americans do. They can’t cash out money from their online wallets, but they can still make purchases. Also, PayPal’s currency exchange rate is a bit lower for many currencies. But overall, it is a great help to make and receive payments for many people around the world.

PayPal demographics

43.86% of PayPal users are from the USA. The second comes from Germany with 17.61%, followed by the UK with 14.39%. 87% of millennials in the US use PayPal for receiving and sending money. Around 30% of PayPal transactions are made through mobile devices.

PayPal is all over the world

PayPal has 56 offices in 31 countries. It’s centers and offices are located in Arizona, Nebraska, California, Texas, Germany, Singapore, Malaysia, Ireland, China, India, and many others. Meanwhile, PayPal’s operations center is not in fancy Silicon Valley, but in Nebraska!
PayPal has 18,000 employees of 119 nationalities. 55% of them are millennials.

It is interesting to know, that there are 13 countries [Belarus, North Korea, Iran, and Iraq included] where PayPal is officially prohibited.

PayPal is a partner with numerous large companies such as Google, Facebook, Visa, Master Card, Telcel, and Vodafone.

Users love PayPal

86% of PayPal users are likely to recommend the service to their friends. Additionally, the US citizens consider PayPal to be the second safest payment system after credit card.

Source – Play N Play PayPal success story

Read the amazing story about PayPal and it’s growth here

Airtel has been selected as the preferred partner for Government of Karnataka’s Start-Up Cell initiative. Shri Priyank Kharge, Minister for IT & BT, Government of Karnataka unveiled Airtel’s ‘Office-In-a-Box’, a suite of connectivity solutions specially designed for start-ups. It will be available to over 1000 start-ups registered with the Karnataka Start-Up Cell.

A power-packed collection of software tools and services tailor-made to cater to the business requirements of young startups, Airtel’s ‘Office-In-a-Box’ is available on a scale-as-you-grow model with easy payment options. The services offered include voice and data solutions, audio and web collaboration, cloud services, payments bank services, go-to-market support across SMS, MMS, Email, Voice, IVR and USSD, as well as GPS & RFID-based tracking of assets.

Startup Karnataka acts like a single-window agency through which start-ups get access to the complete ecosystem needed for their growth – right from the ideation to the enterprise stage. The Start-up Karnataka Booster Kit contains a gamut of services, such as software tools, cloud credits, access to mentors, legal and accounting consultants, as well as access to state-funded and supported incubators, among others.

Speaking at Airtel’s ‘Office-In-a-Box’ launch, Shri Priyank Kharge, Minister for IT & BT, Government of Karnataka, said

The need of the hour is to inspire and encourage young startups to think big. And the Government of Karnataka is committed to provide all the support they need to make it happen. Recently, eight MoUs were signed at the ‘Elevate 100’ conference to cater to the varied needs of startups in the state. We realize that affordable connectivity is a major concern as startups collaborate with companies across geographies. Now, with Airtel’s ‘Office-In-a-Box’ offering, startups registered with the Karnataka Start-Up Cell can easily acquire and retain customers worldwide.

ToneTag, a sound based proximity payment technology provider launched an Audio Pod for merchants. ToneTag Audio Pod is as simple as just tapping a phone on a Pod to complete a transaction. On tapping the phone on the ToneTag Audio Pod, the pod emits a sound wave carrying data that is received by the mobile phone. On confirmation of the same, the payment is complete.

Image Source – ToneTag

From the invention of wheels and flint stone tools to Nano-technology and artificial intelligence, man has always produced technologies and machines that make his life easier. In today’s world, technology is everywhere! Everything we do involves technology. It is completely integrated into our lives and the two have become inseparable. Even the way we make payments has evolved significantly. Today, we have different types of payment technologies available, including cards, mobile payment options such as NFC, QR codes, RFID chips, e-wallets, applications and many more.

But what about a device that can be placed anywhere and can enable payments via sound without any dependency on Wi-fi or internet? Sounds intriguing, right? That is because we do not associate sound with payments, but with more traditional things such as music. But why should the beneficial nature of sound be curtailed or confined to producing just music? Why can’t one utilize sound based technology to make payments? Well, with ToneTag Audio Pod, you can!

Kumar Abhishek, Co-Founder & CEO, ToneTag, said

ToneTag Audio Pod is a device that can be used by any merchant irrespective of their scale of operations or nature of the business. This device can be that trigger which enables mass acceptance of digital mode of payments amongst merchants. In our push towards a digital economy, a device like the ToneTag Audio Pod can bring in both the merchant and the consumer segment to accelerate the digital drive.

ToneTag Audio Pod is a one stop solution for everything in payments.

  • Enables quick and faster checkout at stores, with transactions being completed under three seconds and thereby acting as a queue buster
  • Any issuer, merchant or acquirer can use the ToneTag Audio Pod to receive payments
  • Payment acceptance from any e-wallet or banking application
  • Payment experience is better when compared to prevalent methods
  • No congestion and rush at stores, giving merchants and customers a pleasant retail experience
  • Works in offline conditions. No data connection required
  • Robust build quality, combined with state of the art design features
  • Space efficient and user-friendly

For more information, please visit ToneTag’s Blog on Audio Pod

BookMyShow has announced that it has become the first Indian online ticketing brand to participate in the WhatsApp business pilot. As part of this test, BookMyShow has made WhatsApp a default ticket confirmation channel for all its users.

This means that users who book tickets on BookMyShow will now receive a message on WhatsApp with the confirmation text or an M-ticket [Mobile Ticket] QR Code, along with an email.

Ravdeep Chawla, Head of Product, BookMyShow said

At BookMyShow, we are constantly taking measures to enhance our users’ experience on our platforms. Keeping up with their changing preferences and habits, we decided to integrate BookMyShow with WhatsApp for its pilot. WhatsApp has definitely become a preferred mode of communication for millions of people in our country and we could identify tremendous value in making it a default ticket confirmation channel. We have already started rolling out this feature and over the course of next few weeks, we aim to scale it to cover our entire user base.

BookMyShow had recently introduced ‘Plan-it’, the in-app messaging feature for friends and families to interact with each other in real time, suggesting movies, show times, venue options and eventually complete the movie tickets booking from within the chat window.