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  • K’taka intends to launch Centre of Excellence for gaming: Priyank Kharge

    Priyank Kharge

    Priyank KhargeIANS

    Priyank Kharge, Karnataka Minister for IT, BT and Rural Development and Panchayat Raj, said on Wednesday that the state intends to launch a Centre of Excellence for gaming wherein it will have a complete ecosystem of hardware, software, innovators and the government on the same platform.

    Speaking at the Games24x7 Accelerator Programme at GAFX 2024 in Bengaluru, he said, “We will have the most successful CoE in gaming being run from Karnataka.”

    Kharge also said that this year, Karnataka will host one of the biggest game developer conferences, followed by an e-gaming summit.

    Karnataka intends to keep its leadership position in the AVGC sector intact by fostering innovation and giving thrust to creation of IPs, he said.

    The state wants to foster not only innovation, but also creation of IPs within the sector so that more and more people come into the sector.

    “For Karnataka, it is important to maintain the leadership position and we want to be the AVGC capital and the creative capital for the country as well,” the minister said.

    Kharge also said that if the AVGC sector is nurtured well, it has the potential to create employment across various verticals within the gaming sector.

    Represenational Picture of IT

    Represenational Picture of ITIANS

    “Currently the industry employs close to 1 lakh people, directly and indirectly. By 2025, it has the potential to go up to 2.5 lakh people. I want to ensure that Bengaluru and Karnataka anchor this story of employment in this sector,” he said.

    India had close to 1,400 online gaming startups last year with more than 430 crore app downloads.

    At this year’s GAFX, industry leaders suggested three initiatives so that startups and gaming disruptors in the sector get a better opportunity to showcase their IPs and talent to the audience across the globe, and not just in Karnataka — Skilling in the industry, incubation centers and B2B platforms.

    “If these startups have the potential for a great success rate to disrupt the industry, the government of Karnataka would think of funding these,” the minister said.

    (With inputs from IANS)

  • “OPay” intends to apply for a license to establish a digital bank in Egypt

    Cairo, Egypt – thirtieth July 2023 – “OPay”, a main and quickly rising supplier of economic expertise and digital funds options, has introduced its intention to apply for a license to establish a digital bank in Egypt with a capital of $60 million, in accordance to the foundations for licensing and registration of digital banks, and management and supervision just lately issued by the Central Bank of Egypt.

    OPay

    This step is inside the framework of OPay’s dedication to its position in growing the Egyptian digital economic system, supporting the Egyptian state’s plans in the direction of digital transformation, strengthening the rules of economic inclusion, and constructing a society much less depending on money transactions, utilizing the very best, quickest and most secure monetary expertise options in the Egyptian market supplied by OPay, together with its expertise in the sphere of digital transformation in the international locations of the Middle East and North Africa, Nigeria and Pakistan.

    “OPay” goals to improve its companies with innovation and the most recent technological options to meet the wants of the Egyptian market, and facilitate the conduct of economic and banking transactions for prospects, as the corporate will work by the digital bank to present lending, financial savings and card companies through the Internet with out the necessity for prospects to go to branches, in addition to OPay companies to settle for funds Such as factors of sale, digital fee gateway, and digital wallets.

    Mahmoud Khedr, Director of Business Development & Partnership at OPay, stated: We are excited to get hold of a license to establish a digital bank in Egypt, and to work hand in hand with the Central Bank of Egypt and all involved authorities to begin this step, which represents a new starting to preserve tempo with world developments in the sphere of economic expertise”.

    He additionally defined that “OPay” is certified to make a breakthrough in this business because it has 5 years of expertise in the monetary expertise sector in the international locations in which we function, which represents a actual impetus in the direction of reaching success and achievement in Egypt.”

    Khedr added, “We achieved nice successes final yr, as the worth of our gross sales in the area amounted to greater than 50 billion {dollars}, whereas the variety of customers of the “OPay” software in all international locations reached about 30 million customers, and we aspire to exceed these numbers in the present yr and obtain unprecedented file charges.”

    He added: “We thank the leaders of the Central Bank for the initiatives it’s launching to create a supportive local weather for the monetary expertise business, and for the limitless assist for the monetary expertise sector and the directives of its leaders in the direction of advancing the digital economic system and the good position it performs in growing and growing this sector.”


    Neel Achary