Garbage Collector Machine with Instant Reward

Now a days, waste management is becoming a big issue. Due to improper waste disposal and management, society is facing environmental contamination problems which affects directly on human beings. Garbage separation is also a difficult task for the workers. People are not aware of these problems and do not dispose the garbage at proper places which leads to garbage accumulation at public places. So, to encourage people for proper garbage disposal this paper deals with the concept which will provide platform to dispose of waste in a more scientific and user-friendly. In return they will be rewarded in a cashless manner through means of digital payments and free coupons etc. The nature(wet or dry) and weight of garbage disposed in the machine will be sensed for segregating it in two section. The user will be rewarded according to the weight of garbage. Flow of the operations will be programmed in Arduino Uno micro-controller, sensors and GSM technology. This system leads to collection and segregation of waste at one place, for effective recycling and to reduce environmental. Also this will helps us to contribute in Swachh Bharat Abhiyaan scheme launched by the government of India.

An empirical examination of customer advocacy influenced by engagement behaviour and predispositions of FinTech customers in India

Background: The extensive adoption and usage of emerging technologies furthered by the global coronavirus disease 2019 (COVID-19) pandemic, has reduced direct face to face communications. New FinTech (financial technology) apps and technologies are flooding the Indian digital payments market and competitors are striving hard to attract and retain their customers. Especially when customer engagement behaviours (CEBs) are digital in nature, it is essential to gauge the intrinsically driven customer motivations which drive a positive CEB. The objective of this paper was to empirically test the influence of customer-based antecedents such as emotions, moral identity, self-concept, communal focus, perceived cost and perceived benefits on non-transactional experiential customer engagement behaviours (CEBs) and CEB’s effect on customer advocacy in the FinTech industry. Methods: Data from 380 financial app users in south India were gathered by administering a survey that captured customer predispositions, CEBs, and customer advocacy. Structural equation modelling (SEM) using smart PLS (partial least squares) 3.0 was applied to test the theoretical model. Results: Results indicate that CEB fully mediates the relationship between self-concept and customer advocacy. The positive CEBs get formed through customer predispositions leading to referral/advocacy behaviours. Conclusions: This paper provides directions for FinTech practitioners, marketers, technologists, and academicians to devise marketing strategies customized to customer needs and factors. This is one of the first research studies to demonstrate and empirically validate the CEB model for the FinTech industry during the COVID-19 pandemic.

Central bank digital currency research around the world: a review of literature

Purpose The purpose of this paper is to gain some insight into central bank digital currency research by reviewing the recent advances in central bank digital currency (CBDC) research in a way that would help researchers, policy makers and practitioners to take a closer look at CBDC. Design/methodology/approach The paper uses a systematic literature review methodology. Findings The review shows a general consensus that a CBDC is a liability of the central bank and it has cash-like attributes. The review also presents the motivation and benefits of issuing a CBDC such as the need to increase financial inclusion, the need to improve the conduct of monetary policy and to foster efficient digital payments. The review also shows that many central banks are researching the potential to issue CBDCs due to its many benefits. However, a number of studies have called for caution against over-optimism about the potential benefits of CBDC due to the limiting nature of CBDC design and its inability to meet multiple competing goals. Suggested areas for future research are identified such as the need to find the optimal CBDC design that meets all competing objectives, the need for empirical evidence on the effect of CBDC on the cost of credit and financial stability, and the need to find a balance between limiting the CBDC holdings of users and allowing users to hold as much CBDC as they want, and there is a need to undertake country-specific and regional case studies of CBDC design. Originality/value This review paper offers new areas for further research in central bank digital currencies.

COVID 19 Outbreaks on the Growth of Self Servicing Technology Using Digital Payments

In comparison to any other International crisis, Covid19 was sudden and did not leave much time for individuals or Governments to prepare in terms of the impact it had on healthcare infrastructure or trade-in various sectors. The modern world is highly connected and stopping the inter-country movement of people is very difficult. Given the rapid increase of cases, Covid19 was declared as a pandemic and for lack of any other viable option, most Governments chose the way of locking down the economy. There was little information on how Covid19 spreads mortality rate or recovery rate, etc. Impetus on social distancing forced people to get wary of any contact including the exchange of cash which in turn resulted in the rapid adoption of alternate measures such as digital payments. Supply chain management was badly hit and demand for essential products and services increased significantly. Although overall volumes of digital payments went down due to adverse impact on several sectors, its usage as a replacement of cash increased significantly. This sudden increase and adoption by people who are not technology-savvy gave rise to frauds and cyber-attacks. Thus there arose a need for stringent regulations, the evolution of technology, and enhanced user education. There has been a significant push by the Government for achieving a cashless economy and digital payments surely will provide robust support for this objective. RBI has also proposed a self-regulatory body for digital payment and has taken initiatives like making NEFT available 24*7 and removing applicable charges. There are rising impetus and applications of digital payment technologies in day-to-day and business-related trade transactions.

Fintech, Regtech and Suptech: Three Dimensional Approaches to Digital Finance

Every institution is now doing business transactions through digital financing system. Digital financing solutions offer great potential to overcome challenges and contribute toward achieving universal access to financial services. However, it is noticed that insufficiency of technological up-gradation and various issues created by hackers that might include fraudulent online transactions as an example, hampers people who are not aware of the other side of technology. There are three stages in the implementation of digital finance viz., Fintech, Regtech and Suptech. ‘Fintech’ is an application of Technology for financial services that include; digital payments and e-money, international remittances, personal and business loans, peer-topeer lending platforms, crowd funding platforms, Robo-advisors, Crypto currencies like Bitcoin, Altcoin, etc. ‘Regtech’ is a contraction of the terms ‘regulatory’ and ‘technology’ and it describes the context of regulatory monitoring, reporting, and compliance. ‘Suptech’ is derived from ‘Supervision’ and ‘Technology’, which monitors ‘Fintech’ and ‘Regtech’. The rise of Fintech will undermine the widespread assumption that the primary source of systemic risk in the financial sector is the domination of large, “systemically important” banks and other financial institutions. On this backdrop, this paper aimed to explore the importance of Fintech, Regtech, and Suptech as three stage approach to digital finance. This paper makes a focus as the special dynamics regarding how Fintech, Regtech, and Suptech as three stage approach to digital finance work and will become the better substitute of banks and other financial systems. Based on review of secondary sources, this paper highlights: 1. the problems and obstacles faced by corporate entities in digital finance and 2. the interdependency of three dimensions of technology viz., Fintech, Regtech and Suptech. Keywords: Digital finance, Financial literacy, Fintech, Regtech and Suptech.