As delays in corporate account onboarding can cost businesses time and revenue, financial institutions are adopting AI-driven solutions to dramatically reduce time-to-account, transforming customer experience and competitive dynamics in banking. Banks have long treated business account opening as a routine…
The Indian government’s move to potentially reintroduce merchant discount rates on certain high-value UPI payments faces criticism from industry stakeholders, who fear increased costs for small businesses and disruption to digital payment growth. A possible move by India to reintroduce…
As the cost of AI plummets, experts see a future where affordable intelligence becomes a routine service, with India positioned as a potential global leader in pervasive AI adoption and infrastructure-driven innovation. The next phase of artificial intelligence is likely…
As digital payment security evolves with multi-factor authentication and risk-based checks, merchants and consumers face new opportunities and challenges in reducing fraud without compromising convenience. Every time a customer clicks “Pay Now”, a set of identity checks may begin before…
The Reserve Bank of India aims to roll out long-lasting polymer banknotes starting next financial year, signalling a significant shift in India’s currency management and durability practices, with trial runs underway for ₹10 and ₹20 denominations. Reserve Bank of India…
India’s influential UPI system, which handles nearly half of the world’s real-time transactions, faces a pivotal shift as New Delhi debates levying merchant charges to sustain its rapid growth and infrastructure costs. India’s Unified Payments Interface, or UPI, has become…
As India prepares to host the 2026 BRICS summit, the group is moving away from a common currency towards building a resilient cross-border payments infrastructure, signalling a significant shift in its economic strategy. India is set to host the next…
The Indian government’s latest legislation risks reshaping the country’s digital economy by potentially reintroducing fees on UPI transactions and increasing foreign access, amidst accusations from Congress of capitulating to US trade pressures. Congress on Thursday accused the Modi government of…
A recent viral claim that artificial intelligence helped a taxpayer file their income tax return before receiving a notice has reignited concerns over the reliance on AI tools during the filing process, highlighting potential pitfalls amid increasing automation. A viral…
Sanjay Malhotra emphasizes that consumers bear indirect costs of UPI transactions despite no current plans for merchant fees, as discussions about funding and infrastructure upgrades continue amidst policy tensions. Reserve Bank of India Governor Sanjay Malhotra said consumers already shoulder…
