News & Updates | Technology News Globally

  • Infosys is going to acquire Simplus, a salesforce consulting company with offices across the US and Australia. The IT company informed the stock exchanges late on Monday that it will pay up to $250 million for the deal.
  • Tech giant Microsoft on Monday said it has set up a new development centre in Noida.Microsoft India Development Centre is one of Microsoft’s largest research and development centres outside the Redmond headquarters.
  • Facebook, Twitter rival by Wikipedia co-founder already has 2 lakh active users. WT.Social started out with the similar noble premise on which Wikipedia was set up, that is, to create a free online encyclopedia that is open and publicly editable
  • Taxi hailing firm Uber has protested against Government plans to cut its commissions from fares by more than 40 percent, saying the move threatens earnings. Uber Country Manager Brian Njao told Business Daily that the National Transport and Safety Authority’s plans to cap the commissions for taxi hailing firms at 15 percent of the fares will derail growth. Commissions are a fraction of the fare taxi firms take, meaning the proposed rule will leave less to the companies
  • San Francisco and Lagos-based fintech start-up Flutterwave plans to grow its customer base in Kenya twofold and increase the volume of annual transactions by targeting Small and Medium Enterprises. Flutterwave, which provides a payment service for global merchants and payment service providers processed 107 million transactions worth USD 5.4 billion globally, according to company data.
  • Kenya’s fintech startup JointPesa has launched an online payment solution that will see online buyers and sellers cushioned against frauds. The new platform dabbed ‘JointPesa, is a partnership with Finserve Africa. The application acts as a temporary custody of resources that allows both parties to engage in transactions without having to worry of defaults, safety or product losses.
  • Reserve Bank of Malawi (RBM) has tightened cyber security risks for commercial banks by issuing new information and cyber security risk management guidelines to replace the information technology risk management guidelines of 2016. RBM Governor Dalitso Kabambe, who is also the Registrar of financial Institutions, said in a statement that cyber security risk, if not properly managed, has the potential to cause disruption to the financial industry.