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Daraz and Infinix celebrate 1st Year Anniversary with Infinix Month

Daraz and Infinix celebrate 1st Year Anniversary with Infinix Month

Daraz and Infinix Mobility are celebrating their 1 year partnership with a bang. The two companies formed a partnership in May 2015 and have not looked back since. The Infinix Month is an anniversary celebration of milestones reached by the e-commerce store and the mobile manufacture. Infinix’s success is due to their capability of providing good quality smartphones, with impressive tech specs at an even more impressive price bracket. Coupled with Daraz’s established foothold in the Pakistani market and deep market penetration. Whether it is the ultra powerful Infinix Zero 3, the phablet Infinix Note 2 or the selfie-focused Infinix Hot 3, the phones have what it takes to sell themselves to the consumer. The company has released a range of phones that cater to each price category, size variations and each characteristic that could constitute smartphone demand. Whether the user is a businessman aiming to perform high powered actions to grow their own businesses on the go, a teenager that is constantly texting their gang of friends or a tech geek trying to have the fastest machine fit in their palms, Infinix has been a go to brand. The biggest achievement of the company however has been connecting everyone in the market with their smartphones whether they can afford any brand name or have limited budgets for their cellular needs. With Daraz, Infinix has even connected towns and rural villages that previously would never have the ability or markets to provide such high tech smartphones. The Infinix Month is a celebration of the achievements of the past and the achievements of the future as Daraz and Infinix Mobility celebrate a year of partnership and many more to...

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Daraz raises Euro 50 million in Fundings

Daraz raises Euro 50 million in Fundings

Daraz, the leading online retailer in Asian frontier markets, has secured EUR 50m (USD ~55m) in its first major financing round. The investment comes from the CDC Group – the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as Daraz’s existing investor Asia Pacific Internet Group (APACIG). Daraz is already the leading e-commerce platform in Pakistan (Daraz.pk), Bangladesh (Daraz.bd) and Myanmar (Shop.com.mm). The company started in Pakistan in 2012 as an online fashion business, but since then has expanded its business model to a general marketplace for quality brands within electronics, home appliances, fashion and many other categories. The funding will be used to continue to grow the business in existing markets and for expansion into other frontier markets in Asia. On this occasion the CEO of Daraz, Mr. Bjarke Mikkelsen had this to say: “Taking the e-commerce business model into these exciting markets is a fascinating journey. Although internet penetration is still relatively low, the market is developing fast and its potential is immense. By making Daraz a success, we are not only building a great business, but also creating jobs and infrastructure in the countries we operate in – that’s what makes it so exciting”. Daraz is part of the Asia Pacific Internet Group (APACIG), one of the fastest growing internet platforms in the Asia-Pacific region, currently uniting 14 e-commerce companies in 15 countries. Hanno Stegmann, CEO of APACIG, explains that Daraz is one of the most promising companies in their portfolio. “The markets where Daraz is active are inspiring for entrepreneurs. We are looking forward to supporting Daraz in its ambition to become the No. 1 shopping destination in Asian frontier markets”. David Osborne, CDC’s Investment Director, reassures the choice of investing in the company. “Daraz is rapidly building an online trading infrastructure across a number of South Asia’s most challenging frontier markets. CDC’s investment will enable the company to continue its impressive growth. We expect our investment to help Daraz create several thousand direct and indirect jobs over the next 5 years, and play an important role in the professionalization and development of local retail sectors, logistics networks and technology...

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Mobicash (Mobilink) Becomes First Mobile Financial Services Provider to Offer NFC Payment Solutions in Pakistan

Mobicash (Mobilink) Becomes First Mobile Financial Services Provider to Offer NFC Payment Solutions in Pakistan

Mobilink Pakistan has stepped up a notch and have become the first mobile financial services provider (MFS) to launch Near Field Communication (NFC) payments on vending machines for its esteemed mobile account users after signing an agreement with Batwa and Wavetec. Through this collaboration, Mobicash users will be able to purchase items from Wavetec’s NFC enabled vending machines which are to be installed at various places around the country. As a pilot, this facility will be available at the Mobilink premises for employees. After a successful trial period, the facility will be available to Mobicash Mobile Account holders. This first of its kind initiative is another step in Mobicash’s vision for a secure and reliable cashless ecosystem in the near future. To launch the NFC payments mechanism, a signing ceremony was held in Islamabad, attended by Ms. Aniqa Afzal Sandhu, Director Mobile Financial services – Mobilink, Adnan Asdar, Director – Batwa, Sajid Farooqi, CEO – Batwa, Ahmed Fraz, CEO – Wavetec, and Saim Ehtesham, HOD – Vendi. Speaking about this first of its kind innovative offering, Aniqa Afzal Sandhu stated, “NFC based payment solutions open up a unique opportunity to enable our 1.5 million strong Mobicash mobile account user family to use NFC technology to pay for day to day transactions, starting with these NFC based vending machines. As a promoter of branchless banking in the country with a vision to bridge the prevalent divide between the banked and unbanked population, we believe rapid growth of NFC based payment solutions is for the benefit of a cashless ecosystem. The next step in this cashless ecosystem revolution is the launch of our NFC enabled retail payment solutions across Pakistan. We would like to thank Batwa and Wavetec for jointly assisting us in the development of an efficient and customized solution for our customers.” Adding his thoughts on the need for more NFC based payment solutions, Ahmed Fraz said, “Pakistan has great potential for a NFC based payment ecosystem, especially since MFS accounts for a great amount of financial activity amongst the large unbanked population. Such solutions will offer greater benefits to the consumers, retailers and cashless banking sector in the country.”  Adnan Asdar further added “I would like to congratulate the entire Mobilink, Wavetec, Vendi and Batwa teams on successfully collaborating to launch this project; a big step towards creating a cash lite eco-system.  Its success will emphasize the importance of an agnostic infrastructure for accelerating financial inclusion and bringing down the cost of doing business for all stakeholders.” To use this innovative payment solution, Mobicash users will input their mobile number to acquire an NFC tag, payment for which will be deducted from their...

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Sundar Pichai appointed as Google’s new CEO

Sundar Pichai appointed as Google’s new CEO

Google, in a major announcement this morning has sent shock waves through out the tech world. As part of the company’s new restructuring process, they will be officially transitioning to a wholly owned subsidiary under their new parent company “Alphabet”. Google’s former CEO, Larry Page has been appointed as Alphabet’s new CEO with Sergey Brin acting as the company’s President. Sundar Pichai who used to look after Google’s core products such as Google+, Google Maps etc. has been appointed as Google’s new CEO and will now be heading Google X labs, Calico, Nest, Fiber and many more. Check out the company’s official press release for further details: As Sergey and I wrote in the original founders letter 11 years ago, “Google is not a conventional company. We do not intend to become one.” As part of that, we also said that you could expect us to make “smaller bets in areas that might seem very speculative or even strange when compared to our current businesses.” From the start, we’ve always strived to do more, and to do important and meaningful things with the resources we have. We did a lot of things that seemed crazy at the time. Many of those crazy things now have over a billion users, like Google Maps, YouTube, Chrome, and Android. And we haven’t stopped there. We are still trying to do things other people think are crazy but we are super excited about. We’ve long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes. But in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant. Our company is operating well today, but we think we can make it cleaner and more accountable. So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as President. What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead. What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related. Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me...

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KFC has Bluetooth Keyboard Trays – Chat and Munch Together!!!

KFC has  Bluetooth Keyboard Trays – Chat and Munch Together!!!

Now here’s something that would definitely raise a lot of curiosity when you see it with your own eyes. Technology these days as we know has taken the world by storm isn’t it? Well no one actually expected the storm to hit a place as simple as your friendly neighborhood fast food joint such as KFC. The world renowned fried chicken joint all over Germany have come up with this new and unique concept of integrating technology into one of the most commonly used items when you go to any fast food outlet. A food tray!! You heard that right guys…these high tech trays have Bluetooth keyboards built inside which are thin enough to fit under a microfilm slit similar to the advertising sheets most commonly placed on food trays. ‘ The keyboards can easily be paired with your smartphone or tablet and can be used in a multiple number of ways like when you’re chatting with your friends on WhatsApp, or making changes to a presentation while you’re munching away on that nice big juicy Zinger. So the next time you’re in Germany and want to enjoy a nice meal without making much of a mess on your device’s screen, then make sure to visit one of the KFC outlets. Let’s see what the other fast food franchises have in store for us next. Stick around for...

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Zong 4G a step in the right direction says, Pakistan’s Minister of IT and Telecommunication, Ms. Anusha Rahman

Zong 4G a step in the right direction says, Pakistan’s Minister of IT and Telecommunication, Ms. Anusha Rahman

Countries like Pakistan have slowly started to implement 3G and 4G services.  Chinese based telecom Zong are one of the two companies, other being Warid Telecom who have started 4G services in Pakistan. This is a great step in the right direction for Pakistan, as smartphones have now become an integral part of our daily lives. The smartphones need proper services to be used at their full potential. Zong had held an event in Islamabad, where the Minister of IT, Ms. Anusha Rehman spoke about how technology is advancing at a rapid pace and introducing such services are a step in the right direction. The full press conference is mentioned below. My Dream to Bring Technological Revolution in Pakistan has materialized with the Advent of 4G, Ms. Anusha Rahman Minister IT Islamabad – 2nd October, 2014: Minister of IT and telecommunication, Ms. Anusha Rahman has said that with the advent of 4G service, an era of accelerated digitization has begin in Pakistan. She was addressing as Chief guest at launching ceremony of 4G/LTE services by China mobile company (Zong) here in Islamabad today. Federal secretary IT Azmat Ali Ranjha, chairman PTA Syed Ismael Shah, senior executives from FAB were also present there. The Minister said that it was my dream to bring technological revolution in Pakistan and we strived hard to materialize that dream. Initially, we faced many hardships because, I was told that eco system was not favorable but with the blessings of Almighty and strenuous efforts of my team, a moment came when survey was conducted in November, 2013 & eco system had taken a shape. PTA hired renowned consultant’s value partner from UK who had a vast worldwide experience of conducting spectrum auction. We had multiple rounds of negotiations with all stake holders and agreed upon the fixation of reasonable base price. Then Ministry detached itself after announcing the policy guide line for spectrum auction through MI (Memorandum of Information).Then PTA came forward & operational part of the spectrum auction started and eventually spectrum auction was conducted in a transparent, competitive and in an efficient manner, In accordance with best practices across the globe. Unfortunately we could not have new entrant due to scarcity of time. Telco’s also showed their keen interest and confidence in the auction process. The minister said that today I am standing with the sense of satisfaction & contentment that my dream has become reality but journey of accelerated digitalization is still there. Now we are negotiating with China mobile for the local manufacturing of smart phones in public/private partnership, So that people of un served/underserved areas could be benefited with this technological advancement in the country....

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