MAM
Mauj launches wallGenie for customised mobile phone wallpapers
MUMBAI: Mauj Telecom has announced the launch of a new Wap-based mobile application called wallGenie, which is one-of-a-kind application that enables people to custom-make and individualise their mobile wallpaper.
There are a range of readymade template wallpapers to choose from, which come with special effects depicting romance, fun, animals, cool spots and greetings.
After choosing the desired template, consumers can also fill in the text box with their own message. The message is then programmatically delivered onto the template image in the effect.
The application can be downloaded through operator portals, like Idea Cellular’s Ideafresh, MTNL’s Funstation, BSNL CellOne Galaxy or by logging onto wap.mauj.com or by SMSing wallGenie to 7007 on Hutch, Orange, Idea, MTNL and BSNL. The application is priced between Rs 9 and Rs 15 depending upon the service.
Mauj COO Arun Gupta said, “This is the age of personalisation. People want their products custom-made. Be it cars, bikes, pocket-watches, every accessory needs to carry the tag of individuality. Personalisation is a big driver in the ringtone category, caller ringback tone and now also in the wallpaper market. Besides, imagery-based mobile content is also becoming very popular. wallGenie is especially created for users who want to design their own personal wallpaper with utmost ease.”
Brands
Reserve Bank of India cancels Paytm Payments Bank licence
Central bank cites compliance failures; curbs tighten as wind-up looms
MUMBAI: India’s banking watchdog delivered its sharpest blow yet to Paytm Payments Bank, cancelling its licence and effectively ending its ability to operate as a bank under the law.
The Reserve Bank of India said the entity can no longer conduct banking business under the Banking Regulation Act, citing concerns that its affairs were not being run in the interest of depositors or the public and that it had failed to meet licence conditions.
The move escalates a crackdown that has been building for months. The bank had already been barred from onboarding new customers since March 11, 2022, and later faced restrictions on deposits, credit and wallet top-ups. In January 2024, the central bank ordered it to stop accepting fresh deposits, pointing to persistent non-compliance, including lapses in customer due diligence, use of funds and technology systems.
Operationally, the bank is now on a tight leash. It may process withdrawals of existing deposits and facilitate loan referrals through banking correspondents, but it cannot take fresh deposits.
The central bank said it would apply to the high court to wind up the bank.
Paytm sought to ringfence the fallout. In a regulatory filing, it said the licence cancellation applies to Paytm Payments Bank Limited, a separate entity, and should not be attributed to One 97 Communications. It added that there is no exposure or material business arrangement with the bank and that it operates independently, without Paytm’s board or management involvement.
“As informed earlier, Paytm (One 97 Communications Limited) and its services, which have been operating without interruption, will continue to operate uninterrupted. These include the Paytm app, Paytm UPI, Paytm Gold and all other services offered by its subsidiaries and associated companies,” the company said.
The distinction may reassure users of the app ecosystem, but the regulator’s verdict is unequivocal. After years of warnings, caps and curbs, the payments bank experiment at Paytm is being shut down—decisively, and with little room left to manoeuvre.
