The new wholly owned company will work across AI, blockchain and digital public infrastructure, with longtime NPCI executive Vishal Kanvaty appointed managing director and chief executive. The National Payments Corporation of India has created NPCI Tech Solutions Limited as a…
NUCFDC and UIDAI briefed lenders on using Aadhaar authentication for customer onboarding and due diligence, as efforts to extend digital identity services across India’s cooperative banking sector gather pace. The National Urban Cooperative Finance and Development Corporation and the Unique…
Shared platforms could help banks add payment services without rebuilding their systems for each new rail, but migration must preserve controls and customer visibility. Banks are increasingly trying to modernise payments by shifting away from a patchwork of separate systems…
The EKA-1, Dhīr 2B and Dhīr 5B models aim to bring AI to mobile phones without internet access and sensitive systems isolated from external networks. India’s Ministry of Electronics and Information Technology has unveiled three home-grown artificial intelligence models under…
The fintech says partner banks are now live on UPI as issuers and acquirers under their own handles, while the new funding will support expansion and product development. OneStack, a fintech infrastructure company that sells software to cooperative banks, has…
The gradual rollout gives users access to tens of thousands of billers, advancing Meta’s bid to make WhatsApp a hub for payments and everyday services. WhatsApp is steadily moving beyond instant messaging in India, where it is already used for…
With its final IFSCA licence secured, Razorpay says its new infrastructure can help brokers and wealth platforms launch international payment services in weeks rather than months. Razorpay has rolled out payment infrastructure in GIFT City after receiving its final Payment…
New links between domestic payment networks promise faster, cheaper international transfers. But as projects such as Nexus and TIPS develop, governance, liability and fraud handling remain central challenges. When people send money abroad, they usually see only the front end…
Cashfree says its APIs can help Indian businesses coordinate international collections, payment verification and reconciliation, but merchants must still check product eligibility, settlement terms and regulatory obligations. Cashfree says its cross-border payment APIs are designed to do more than process…
PhonePe, Razorpay, Cashfree Payments and PayU are automating fraud detection and containment as attacks accelerate and UPI volumes reach a record. India’s leading digital payments companies are strengthening their cyber defences as attacks on financial firms grow more frequent and…
India’s UPI processed 25.47 billion transactions worth ₹31.53 lakh crore in October, with daily volumes and values also reaching new highs. India’s Unified Payments Interface continued to set records in October, with transaction volumes crossing 25 billion for the first…
UPI processed 25.47 billion transactions worth Rs 31.53 lakh crore in October, as festive spending helped lift average daily payment value above Rs 1 lakh crore. India’s Unified Payments Interface continued its rapid expansion in October, with the National Payments…
