As the new year gets underway, 5G networking is finally gearing up for a massive worldwide debut. The new system promises a revolution in internet speeds for mobile networking. As 5G’s infrastructure grows, smartphones are starting to accommodate the new technology. The stage is set for 5G.
Unfortunately, the infant technology is still worlds away from dominating the industry. Case in point, some of the world’s first “5G networks” are actually 4G networks in marketing makeup. The technology is still undergoing some growing pains.
Despite the marketing deception, real 5G networks are already on the rise. American telco AT&T, for example, has launched a few networks and hotspot devices in selected cities across the US. Wary of any launch hiccups, AT&T’s new products flew under the radar, existing mainly to push bragging rights as the world’s first publicly available 5G network.
As a result, the launch is relatively unknown except for a few American users. Thankfully, a Reddit user shared the device’s Ookla tests on AT&T’s subreddit. The user, u/mwb6d, lives in Indianapolis, one of the few first cities. The user tested both 5G and 4G speeds in the same spot.
Though an improvement, the device’s download speeds are disappointingly similar to 4G’s speeds. Meanwhile, the device’s upload speeds are markedly above the 4G average. The device is still faster than 93 percent of the US’ users. However, it’s a far cry from 5G’s promise of blazing-fast internet speeds.
Further, u/mwb6d posted proof of the device’s 5G connection. The “5G+” notification is noticeably different from AT&T’s faux “5G E” notification. Meaning, the device is connecting to the telco’s real 5G networks, as opposed to an advanced 4G LTE one.
Of course, as with most pioneering technologies, growing pains are inevitable. The lackluster speeds are bound to improve once the whole world gets in on the act. However, if AT&T’s new product is any indication, don’t put all your eggs in a 5G basket just yet.
Michael Josh’s One-on-One interview with John Deere’s CEO
The Tech World’s Most Unassuming CEO
But unlike the past videos, MJ traveled to Moline, Illinois for a rare sit-down interview with John Deere’s CEO, John C. May.
In his first major chat assuming the role in 2018, he opens up about he’s ushering in John Deere’s technological revolution, and how he believes as a tech company, John Deere can help solve the world’s food problem.
In this video, let’s meet the Tech World’s Most Unassuming CEO together with Michael Josh!
Nokia seeks to kill OPPO’s sales in some countries
Suing the brand for copyright infringement
OPPO remains one of the most ubiquitous smartphone brands today. Especially in Asia, the Chinese smartphone brand has appealed to users of all segments. However, a new controversy is seeking to cut off the brand’s sales from where it is popular. Nokia is suing OPPO, potentially leading to the brand disappearing in some countries.
According to sources, Nokia is seeking penalties for the smartphone brand for allegedly breaching copyrights on registered technology. The technology in question includes those that cover 4G and 5G connectivity. The two have previously agreed to a deal in 2018, but the agreement expired in 2021.
Initially, Nokia chased after OPPO in Germany for the same infringements back in July. The former won the case. As a result, Germany ordered OPPO to stop selling devices in the country. Now, Nokia is suing the brand in other countries in Europe and Asia. Should the company win in the same fashion as in Germany, OPPO might potentially lose its market in the said countries.
To be clear, Nokia itself is suing the brand, rather than HMD Global, the company normally affiliated with Nokia’s current slate of smartphones. The smartphone company is mostly in charge of bringing the brand’s smartphones to the world.
SEE ALSO: Nokia and ZEISS have broken up
Maya cited among 250 promising global fintech firms
The fastest-growing digital bank joins the 2022 CB Insights’ Fintech 250 list
Maya (formerly PayMaya) has just been cited as one of the top 250 promising global fintech firms, according to CB Insights.
The company was named alongside an elite international roster in CB Insight’s fifth-annual Fintech 250 ranking: digital banks Revolut and N26; PayPal-backed payment processor Stripe, merchant platform Pine Labs, and crypto platform Binance.
Maya, through its parent company Voyager Innovations, was recognized due to its strong record of execution, taking the crown as the only platform with an all-in-one money app, leading merchant payment processors, extensive MSME on-ground network, and being the fastest-growing digital bank in the Philippines.
“We are proud to be recognized alongside other trailblazers in the global fintech space. Being on this list validates our thrust of providing an integrated experience to our customers through our comprehensive digital financial ecosystem. It is also a testament to the world-class organization that we’ve built,” said Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder.
One of the 250
Over 12,500 private companies that include applicants and nominees, CB Insights selected Maya as one of the 250 winners. The criteria for winning were chosen based on factors such as R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit.
“Representing more than 30 countries, these companies are creating safer and more efficient payment methods and transforming how traditional banking, insurance, and investing products are delivered.”
A successful rebrand
After its successful rebranding, the company has expanded beyond payments, introducing game-changing digital banking innovations across its unique ecosystem of 51 million consumers and network of 1.2 million MSMEs.
In just three months after its launch, Maya Bank became the fastest-growing digital bank in the Philippines, smashing records by recording over PHP5 billion in deposit balance and over 650,000 bank customers in just three months after its launch.
Furthermore, Maya Bank is the only digital bank to offer loan products within a quarter from its launch. It was able to scale fast because it leveraged the ready pool of rich transactional data from its payments business.
Moreover, Maya became the second tech unicorn in the Philippines in March 2022. The company was backed by global investors including KKR, Tencent, International Finance Corporation, IFC Emerging Asia Fund, IFC Financial Institutions Growth Fund, SIG Venture Capital, EDBI, First Pacific Company, and PLDT. END
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