Fintech PR
LYRA last-mile connectivity solution for rural India
Lyra’s last-mile solution for rural India was announced as the winner of the ‘Best use of technology in FinTech’ award at the recently held 11th edition of India Digital Awards – a virtual award function organized by IAMAI.
Lyra bagged the award in the Payments and Fintech Awards category.
Lyra’s last-mile connectivity solution for rural India
Lyra’s last-mile connectivity solution was deployed for rural India to solve the transaction processing problems by enabling banks to conduct transactions, banking services and boost financial inclusion in rural and remote areas. This solution is successfully working in rural areas and is helping the government, banks and Fintechs to achieve the goal of making “each village digital village”.
Lyra is acting as a managed connectivity solution provider for one of the key projects of the Indian Government, ‘DARPAN’. DARPAN or Digital Advancement of Rural Post Offices for a New India is a project to enable last-mile banking financial services to the poorest and to the remotest. It provides a low-power technology solution using POS to enable each of around 1.29 Lakhs Branch Post Offices to improve the level of services being offered to rural customers. The project improves the quality of service, adds value to services, and achieves “financial inclusion” of the un-banked rural population. Lyra’s SIM Solution is being used to enable connectivity on particular devices using multiple telco SIMs.
The project was unique and challenging since most of the locations were remote and rural and last-mile connectivity is a big issue in rural India.
Restriction on traveling and restriction on physically handling the cash was one of the biggest issues faced by rural India. Because of the digital illiteracy in the remote areas and the lack of awareness about digital transactions, people were afraid to transact digitally, but the pandemic gave them courage and a chance to use digital payments.
Poor network connectivity is another issue that is faced by rural and remote India. There is no uninterrupted network for online transactions. As there is a network connectivity problem in remote locations, the provision of micro ATMs consists of features that make withdrawals easier, quick, and convenient for the residents of rural areas. Lyra has provided rural areas with secured technology for successful payment transactions.
Another challenge came in the form of telco locations. Not all telcos work in all locations, since all these locations were remote it was important to send the correct telco sim to make the device work. To achieve this Lyra did a feasibility study of the locations using latitude and longitude before SIM allocation and dispatch for each location. As a backup, buffer sims from each telco were also sent to the district offices. Since all these locations are rural, it is not known which operator sim would work in which location, a geo-location study was done before sending sims to each location.
Solutions implemented and deployed by Lyra
Lyra CONNECT: Lyra Connect is a connectivity platform that uses both wired and wireless technologies to connect rural India.
- Lyra managed services for broadband connections.
- Lyra as a managed service provider for last-mile connectivity for POS, small offices, bank branches, micro-atm, financial inclusion program, ATM machines, ultra-small bank branches, smart electricity meters, different types of POS machines, etc.
- Lyra M2M sim based connectivity
Lyra’s STATIC IP: This feature was a big plus for this project as it enabled bi-directional communication which was needed for the project. With this feature, DOP is able to send updates to the terminal & to take full control of the terminal (like remote desktop) using Lyra static IP. Remote access to the device helped DOP to resolve field issues immediately without visiting the field location.
Lyra PORTAL: Lyra portal immediately isolates the issue whether it is related to software, hardware, network, etc. All the sims were segregated as per the locations (district offices) in the Lyra portal. 3G sims and connectivity are enabled for this project as the device supports 3G. Lyra portal is customized to show if the device is connected to 3G or 2G.
Lyra NAC: This solution is solving the problem by easing the transactions in rural India by enabling Banks to conduct transactions in rural India | Financial Inclusion | Banking services to remote areas. Lyra’s NAC is a highly secure and powerful server that provides a quick, and updated channel for digital transactions, it receives and transfers any transaction flow securely from any kind of POS terminal and connects it to any type of network (PSTN/GPRS/ADSL/2G/3G/4G/Broadband) with any existing transaction protocol and without any glitch in between.
With these solutions, Lyra was able to help to enable digital payment contributing towards the implementation of e-governance projects and financial inclusion along with ease and reach of Banking, accessibility of bank accounts, and advance Payment Modes.
Lyra’s last-mile connectivity solution has enabled faster and accurate delivery of citizen service; all citizens of the country have benefitted from this project.
- 1.3 lakh Mobile Handheld devices deployed by the Department of Posts using Lyra’s Last-mile connectivity solution.
- Postal services offered – cash withdrawal, cash deposit, postal life insurance, money order, speed post-booking, etc. many other services like bill payment, recharges are WIP
- Lyra is doing managed connectivity service for 1.30 lakh location across India, most locations are rural
- Processing around 50 lakh transactions daily for DOP.
- Lyra has enabled 16,00,000 POS/locations on its platform using various technologies.
Both projects have played a significant role in this COVID and lockdown situation, and are running full strength even during the lockdown, Lyra was available full time and was providing uninterrupted services to the nation. During lockdown Indian government gave cash to the needy people in rural India, this cash was delivered using this project at the doorstep.
“Today, Lyra’s unique last-mile connectivity solution is being used by several business correspondents to provide banking services using mobile handheld devices in the villages or rural sector at a pan India level,” said Mr. Rajesh Desai, CEO & MD, Lyra India.
Commenting on the win, Mr. Rajesh Desai, CEO & MD, Lyra India, said, “Lyra will continue to play a leading role in India’s journey towards becoming a cashless economy. With our dedication, expertise in technology, and above all, huge investments in terms of time, efforts, and money Lyra will make sure to maintain repute as a leading payment solution company.”
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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