regulatory actions Archives ~ My Mobile India

Highlights Nothing confirms the upcoming Phone (2a), a budget-friendly model, at MWC 2024. RBI imposes restrictions on Paytm Payments Bank, affecting core banking services. Realme 12 Pro series debuts in India with advanced photography features. HMD Global rebrands to HMD, teasing 'HMD Originals' and a vibrant product lineup. The past week in the technology world was teeming with activity, marked by exciting smartphone launches, critical regulatory actions, and surprising brand revivals. Let's dive into the details of these significant events that have captured the tech community's attention. Nothing Phone 2(a) Confirmed Nothing Phone 2(a) Confirmed Starting with the smartphone sector, Nothing has ignited interest with the official confirmation of its latest offering, the Phone (2a). This announcement comes as a follow-up to the widely speculated and leaked details surrounding the device. Positioned as a more budget-friendly alternative to the Nothing Phone (2), the Phone (2a) aims to retain the most cherished features of its predecessor. Although specific details remain under wraps, the tech world is eagerly awaiting its debut, expected at the prestigious MWC 2024 later this month. Paytm Payements Bank Shutdown Paytm Payements Bank Shutdown In regulatory news, the Reserve Bank of India (RBI) took a firm stance by imposing severe restrictions on Paytm Payments Bank. Starting from the leap day of February, the bank will face limitations on offering fundamental banking services, including credit transactions, deposits, and fund transfers. This development necessitates that Paytm Payments Bank customers make the most of their existing funds by the set deadline, signaling a pivotal change in the bank's operational capabilities. Realme 12 Pro Series Launched in India Realme 12 Pro Series Launched in India Realme has made waves in the Indian market with the launch of its 12 Pro series, marking the brand's foray into advanced photography features with the inclusion of a periscope telephoto camera. The Realme 12 Pro starts at an attractive price point, boasting a high-refresh-rate display, powerful Snapdragon 6 Gen 1 SoC, ample RAM, and a high-quality primary camera. Meanwhile, the Realme 12 Pro+ ups the ante with an even more powerful chipset, increased RAM capacity, and a hefty battery complemented by rapid charging capabilities. HMD-Branded Phones Coming Soon HMD-Branded Phones Coming Soon In a move that took many by surprise, HMD Global has undertaken a significant rebranding effort, transitioning from the Nokia branding on its website and social media channels to HMD. This decision heralds a new era for the company, which has reassured fans that the legacy of Nokia phones will persist alongside the introduction of 'HMD Originals.' This new category hints at an expanded product lineup that could include tablets, smartphones, wireless earbuds, and more, with the website teasing devices in vibrant colors reminiscent of the iconic Nokia Lumia series. Moto G24 Power Launched in India Moto G24 Power Launched in India Lastly, Motorola's introduction of the Moto G24 Power to the Indian market offers a compelling choice for budget-conscious consumers. The device features a large display with a high refresh rate, a capable MediaTek processor, and a generous RAM configuration. Additionally, it includes a versatile camera setup and a robust battery with fast charging, making it a noteworthy contender in the budget segment. FAQs What is the Nothing Phone (2a) and when is it expected to launch? The Nothing Phone (2a) is a more affordable version of the Phone (2), retaining key features from its predecessor. It is eagerly anticipated at the Mobile World Congress (MWC) 2024 happening later this month. What are the RBI's restrictions on Paytm Payments Bank? Starting February 29, the Reserve Bank of India has restricted Paytm Payments Bank from conducting various banking operations, including credit transactions and deposits, signaling a significant shift in its service offerings. What sets the Realme 12 Pro series apart in the Indian market? The Realme 12 Pro series introduces advanced photography capabilities, including a periscope telephoto camera, at competitive price points. The series emphasizes high-refresh-rate displays, powerful chipsets, and fast charging. What does HMD Global's rebranding signify? HMD Global's shift from Nokia to HMD branding indicates a new chapter for the company, focusing on expanding its product range under 'HMD Originals.' This includes a potential lineup of tablets, smartphones, and wireless earbuds. What does HMD Global’s removal of Nokia branding indicate? The removal of Nokia branding by HMD Global from its official website and X account marks a strategic pivot towards promoting its own branded devices, indicating the company’s intention to establish a distinct identity in the smartphone market. When can we expect the launch of HMD Global’s new devices? HMD Global has teased the upcoming launch of its own branded devices soon, though specific dates have not been announced. The company is expected to reveal more details in the near future. Will HMD Global continue to support existing Nokia-branded phones? While HMD Global is transitioning to its own branding, it is likely to continue providing support for existing Nokia-branded phones for the foreseeable future, though official statements on this matter should be referred to. How will HMD Global’s new devices differ from the previous Nokia-branded phones? HMD Global’s new devices are expected to carry forward the legacy of quality and innovation associated with the company, with an added focus on establishing a unique brand identity. Details on specific differences will emerge as the company unveils its new products. What are the key features of the Realme 12 Pro+ 5G? The Realme 12 Pro+ 5G offers a 120Hz OLED display, Snapdragon 7s Gen 2 processor, and a dual-camera setup with a 64MP primary camera. It also features 67W SUPERVOOC charging and up to 12GB of Dynamic RAM. Does the Realme 12 Pro series support advanced photography? Yes, the Realme 12 Pro series is equipped with high-resolution cameras, including a periscope telephoto lens, offering advanced photography capabilities like 3X Optical Zoom and 120X SuperZoom. What charging technology does the Realme 12 Pro+ 5G use? The Realme 12 Pro+ 5G utilizes 67W SUPERVOOC charging technology, ensuring fast charging and prolonged battery life with its 5000mAh battery. What design elements are unique to the Realme 12 Pro series? The Realme 12 Pro series incorporates luxury watch design elements, featuring a Golden Fluted Bezel, Polished Sunburst Dial, and Premium Vegan Leather in various color options. How does the Realme 12 Pro differ from the Pro+ model? The Realme 12 Pro features a Qualcomm Snapdragon 6 Gen 1 processor, a 32MP Sony telephoto camera with 2X Optical Zoom, and 8GB+8GB Dynamic RAM, distinguishing it from the Pro+ model. How does the collaboration with Ollivier Savéo reflect in the Realme 12 Pro Series? Realme’s collaboration with luxury watch designer Ollivier Savéo has led to an exclusive watch design for the Realme 12 Pro Series 5G, showcasing a unique blend of technology and luxury style, particularly evident in the Rolex-inspired camera design. What are the RBI’s restrictions on Paytm Payments Bank? The RBI has prohibited Paytm Payments Bank from onboarding new customers, accepting fresh deposits, and conducting debit or credit transactions through wallets, FASTags, and NCMC cards. How will Paytm’s operations change in response to RBI’s directive? Paytm’s parent company, One97 Communications, announced a strategic shift to work with various banks other than Paytm Payments Bank. This move aims to comply with RBI’s directives while continuing its payment and financial services. What is the impact on Paytm Fastag and NCMC card users? Users of Paytm Fastag are advised to purchase a new tag from other issuers as the existing tags will be deactivated. NCMC card users can use the existing balance but cannot infuse new funds after February 29. Will Paytm UPI services be affected by the RBI’s restrictions? The impact on Paytm UPI services is not entirely clear. UPI transactions linked to external bank accounts might still be operational, but those linked to Paytm Payments Bank might face disruptions. Are mutual fund investments and SIPs via Paytm affected by these restrictions? Mutual fund investments and SIPs via Paytm, managed by Paytm Money regulated by SEBI, are not expected to be affected by the RBI’s action on Paytm Payments Bank. What are the storage options available for the Moto G24 Power? The Moto G24 Power comes in two variants: 4GB RAM with 128GB storage and 8GB RAM with 128GB storage, both expandable via microSD card. When will the Moto G24 Power be available for purchase in India? The phone will be available from February 7, 2024, on Flipkart, Motorola.in, and at various retail stores across India. Are there any offers available on the Moto G24 Power? Yes, Motorola offers an additional Rs 750 discount on exchange, bringing the effective prices to Rs 8,249 and Rs 9,249. Plus, there are benefits from Reliance Jio including cashback and partner coupons. What are the key camera features of the Moto G24 Power? The phone features a 50MP Quad Pixel rear camera setup and a 32MP front camera, supporting various modes like Night Vision, HDR, and Portrait. What makes the Moto G24 Power a good buy in the budget segment? Its combination of a large 6000mAh battery, powerful MediaTek Helio G85 chipset, and the latest Android 14, all packaged in a sleek design, makes it a compelling choice. What is the Nothing Phone 2a? The Nothing Phone 2a is the latest device from Nothing, designed to offer high-end features such as advanced performance and camera capabilities at a more accessible price point, following the success of Phone 2. When can we expect the Nothing Phone 2a to launch? While an exact launch date has not been confirmed, speculation suggests that the Nothing Phone 2a could be unveiled at the upcoming Mobile World Congress, aligning with the company’s “coming soon” teaser. What are some of the rumored features of the Phone 2a? Rumors indicate the Phone 2a will come with a Dimensity 7200 chipset, options of 8GB/128GB and 12GB/256GB configurations, a 120Hz OLED display, and a dual 50MP rear camera setup. Will there be other products launched alongside the Phone 2a? Yes, Nothing has teased the release of new earbuds and a product called Neckband Pro, expanding its ecosystem of tech products alongside the Phone 2a. How does the Phone 2a compare to its predecessors? The Phone 2a is expected to build on the most loved features of the Phone 2, offering a clear upgrade over Phone 1 in terms of performance, camera quality, and overall user experience. Also Read: Nothing Phone 2a Officially Confirmed After Being Teased by the Company on X Also Read: Will Paytm Stop Working After February 29th? RBI Imposes Restrictions on Paytm Payments Bank: Key Impacts and Responses Also Read: Realme 12 Pro Series Launched in India with 3X Periscope Telephoto Lens, Snapdragon 7s Gen 2, and More: Pricing, Features, Specs Also Read: HMD Global Removes Nokia Branding, Teases Upcoming Device Launches with HMD Branding Also Read: Moto G24 Power Launched in India: Pricing, Features, Specs, and, More

regulatory actions

Tech News this Week: Nothing Phone 2(a) Confirmed, Paytm Payments Bank Shutting Down, and More