India is urging BRICS nations to deepen cross-border payment cooperation through local and digital currencies, aiming to accelerate trade settlement and reduce dependence on the US dollar, with a focus on interoperability rather than a unified currency network. India is…
UCO Bank has launched GST Smart, a data-driven digital lending platform using GST return information to streamline credit assessment and disbursement for small and medium-sized enterprises, enabling faster, collateral-free loans within minutes. UCO Bank has introduced GST Smart, a digital…
India’s payments system receives a major upgrade at the Global Fintech Fest 2026, introducing tap-to-pay capabilities, enhanced transaction controls, and multicurrency forex options, signalling a leap forward in digital financial infrastructure. India’s payments system got a fresh set of features…
Razorpay launches Vulcan, an innovative AI foundation model in India designed to enhance payment success, reduce fraud, and personalise checkout experiences, developed with Nvidia and AWS technology. Razorpay has unveiled Vulcan, which it describes as India’s first artificial intelligence foundation…
Nitin Chugh of Perfios warns that regulatory hurdles and the need for human oversight will slow the full adoption of artificial general intelligence in financial services, despite advancements in agentic AI systems tailored for credit assessment and risk management. The…
MobiKwik has upgraded its digital foreign exchange platform, now supporting six currencies including the UAE dirham, Canadian dollar, British pound, euro, and Swiss franc, facilitating seamless overseas transactions for Indian users. MobiKwik has widened its digital foreign exchange service from…
India’s Unique Identification Authority has unveiled advanced face-authentication tools at Global Fintech Fest 2026, enabling seamless and secure onboarding processes for banks, insurers, and fintech companies via integrated mobile app verification. India’s Unique Identification Authority has rolled out a new…
PhonePe has launched innovative card-based features in partnership with Visa, including tap-to-pay, cross-border QR, and merchant acceptance tools, transforming the payments ecosystem for Indian users and merchants. PhonePe has deepened its payments push with Visa, rolling out a set of…
India’s fintech sector showcased rapid innovation at the Global Fintech Festival 2026, unveiling advanced AI tools, cross-border payment services for exporters, and new merchant-focused financial products, signalling a significant shift in the sector’s expansion beyond payments. The first day of…
India’s Unified Payments Interface has become a global leader in real-time digital transactions, but efforts remain to address rural, gender, and privacy gaps as the system’s influence continues to grow. India’s Unified Payments Interface has become a rare piece of…
JPMorgan deepens its collaboration with India’s National Payments Corporation to streamline international transfers, integrating real-time payment systems across Asia and beyond, while boosting blockchain-based settlement capabilities. JPMorgan is deepening its work with India’s National Payments Corporation as banks race to…
The National Payments Corporation of India and Nvidia have launched an open environment for training banking AI agents with synthetic data, aiming to enhance security, scalability, and standardisation across financial institutions at the Global Fintech Fest 2026. National Payments Corporation…
