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Paytm Now Has 122 Million Active Users, Claims Investor

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Paytm, one of India’s largest electronic payment platforms, has seen over five-fold rise in active users in one year, a senior company official said on Thursday. Ant Financial Services Group, an Alibaba Group affiliate, took 25 percent stake in One97, owner ofPaytm, as part of a strategic agreement in 2015. Peng Yijie, director of international business at Ant Financial, the financial arm of Internet commerce giant Alibaba, said that Paytm reached 122 million active users by the end of March. “About 5.6 times the figure in the beginning of 2015,”…

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Apple Has ‘Obligation’ to Protect Users: Cook

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Apple has “an obligation” to protect user data and privacy, chief executive Tim Cook said Monday, reaffirming his stand in a high-profile court showdown with the US government on encryption. Cook was speaking at an Apple product unveiling at the company’s headquarters, one day before a court hearing on a hotly contested FBI effort to force the company to help break into the iPhone of a shooter involved in a deadly December attack. “We need to decide as a nation how much power the government should have over our data…

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