October 23, 2024
Tech News
Petron Malaysia and Tenaga Nasional (TNB) have partnered to deploy TNB Electron EV charging stations across selected locations in Pahang, Perak, Kelantan, and Terengganu. The initiative aims to enhance the national EV charging infrastructure, particularly for long-distance travel. Two charging stations have already been activated, with plans for more to be deployed in 2025.
India’s Paytm has received regulatory approval to resume adding new users to its UPI payments service after an eight-month restriction due to compliance violations. This approval is expected to help revive Paytm’s user growth, which has declined significantly. The company reported a revenue increase in the last quarter, but its year-on-year revenue has dropped.
Ro CEO Zachariah Reitano expressed that the advantages of remaining a private company are increasing, despite not ruling out a future IPO. Ro, a telehealth company, has raised over $1 billion in funding and is focusing on expanding its offerings, particularly in weight loss drugs, which have become a significant part of its business.
Tech Explained
EV Charging Infrastructure – EV charging infrastructure refers to the network of charging stations that support electric vehicles by providing them with the necessary power to recharge their batteries. These stations are essential for the widespread adoption of electric vehicles and play a crucial role in enabling long-distance travel.
UPI Payments Service – The Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India. It allows users to transfer money between bank accounts instantly using their smartphones. Services like Paytm use UPI to facilitate seamless and secure digital payments.
Telehealth – Telehealth refers to the delivery of healthcare services remotely using telecommunications technology. Companies like Ro leverage telehealth to provide patients with access to medical consultations, prescriptions, and treatments without the need for in-person visits to healthcare facilities.
IPO – An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time. Companies like Ro consider going public through an IPO to raise capital, increase visibility, and provide liquidity to existing shareholders.
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