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SBI Launched MOPAD For Digital Convenience Of Customers And Merchants

MOPAD allows the customer to make payments through "Cards, Bharat QR, UPI and SBI Buddy (e-wallet)" on a single PoS (Point of Sale) terminal.

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"This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.". Flickr

Lending major State Bank of India (SBI) on Wednesday launched a Multi Option Payment Acceptance Device for digital convenience of customers and merchants.

According to the lending major, MOPAD allows the customer to make payments through “Cards, Bharat QR, UPI and SBI Buddy (e-wallet)” on a single PoS (Point of Sale) terminal.

“MOPAD will help merchants to integrate different kinds of transaction through one PoS machine which will help in eliminating their operational inconvenience and streamline cash flow,” SBI Chairman Rajnish Kumar was quoted as saying in a statement.

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr
As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr

“This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.”

Also Read: SBI reduces lending rates on home and vehicle loans

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner.

Currently, SBI has deployed 6.23 lakh PoS terminals. (IANS)

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Governments Around The World are Learning to Confuse Dissidents on Social Media

The researchers, who published their findings in a recent issue of Political Science Research and Methods, specifically examined social media from both the Venezuela regime and its opposition

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Social Media
The regime also seemed to develop a more sophisticated approach to using hashtags on Social Media. The regime used long hashtags, as opposed to the shorter hashtags that are more commonly used, to promote distraction among the protest groups. Pixabay

Governments the world over are learning new tactics to quash dissent on various Social Media platforms, responding with tweets designed to distract and confuse like longer hashtags, according to a team of political scientists.

In a study of Twitter interactions during Venezuela’s 2014 protests, in which citizens voiced opposition to government leaders and called for improvements to their standard of living, the tweets of the protesters focused mainly on the protest itself, while the tweets issued by the ruling regime covered more diverse topics.

This could mean that regimes are growing more savvy in their use of social media to help suppress mass movements.

“When we started doing this study there had been a lot of optimism about the capacity of social media to produce revolutions throughout the world, like Arab Spring and the Color Revolutions in Europe,” said Kevin Munger, assistant professor of political science and social data analytics, Penn State.

“But it seems like, in hindsight, this was the result of short-term disequilibrium between the capacity of the masses to use this technology and the limited capacity of these elites to use it.”

A lot of these elites may have not been keeping up with modern communication technology and got caught unawares.

So, for that short period of time, social media did produce better outcomes for revolutions and mass movements.

The researchers, who published their findings in a recent issue of Political Science Research and Methods, specifically examined social media from both the Venezuela regime and its opposition.

Social Media
Governments the world over are learning new tactics to quash dissent on various Social Media platforms, responding with tweets designed to distract and confuse like longer hashtags, according to a team of political scientists. Pixabay

Following the death of Venezuelan President Hugo Chavez in early 2013, Nicolas Maduro, Chavez’s vice-president, won a special election.

After his election, mass protests erupted related to economic decline and increased crime.

In their analysis, the researchers noted that the regime abruptly shifted its Twitter strategy after protests swept across the country.

The topics of the regime’s tweets became even more diverse than usual — including such topics as a tree-planting event — and often did not address the protests at all.

As the protests continued, however, the researchers said that the opposition also became less focused, which the researchers suggest may have been a reaction to the regime’s social media strategy.

The way that attention works on social networks offers a glimpse into why the strategy to distract citizens might be effective, added Munger, who worked on the study while a doctoral student in politics at New York University.

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Regimes are growing more savvy in their use of Social Media to help suppress mass movements. Pixabay

“To have effective protests, you need to have a ton of people coordinated on a single message, so spreading other narratives disrupts that process of coordination,” said Munger.

“Being able to spread doubt is effective. You don’t have to get people to love your regime, you just need people to less convinced of the single narrative.”

ALSO READ: President of Egypt Calls for Collective Action Against Countries Supporting Terrorism

The regime also seemed to develop a more sophisticated approach to using hashtags. The regime used long hashtags, as opposed to the shorter hashtags that are more commonly used, to promote distraction among the protest groups. (IANS)