India is set to pilot its first tokenised corporate bond using blockchain and CBDC technology, aiming to modernise its debt market with near-instant settlement and enhanced traceability, in a move that could reshape bond trading in the country. India is…
Axis Bank introduces two pioneering customer-focused controls , UPI Limit Management and International Travel Declaration , to strengthen security and simplify management of digital transactions for Indian users, signalling a significant shift in banking safety measures. Axis Bank has rolled…
India’s Unified Payments Interface (UPI) has gone live in 11 countries, offering new cross-border payment options for Indian travellers, though actual merchant acceptance remains uneven across markets. India’s Unified Payments Interface has widened its international footprint, with government data showing…
India is developing the Unified Agent Protocol, a new framework that could enable artificial intelligence systems to handle routine transactions via the country’s already dominant Unified Payments Interface, transforming how everyday payments are made. India is moving towards a new…
InsuranceDekho and RenewBuy have completed their merger, creating India’s largest AI-driven insurance distribution platform with a national footprint and over ₹6,600 crore in premiums, aiming to reach smaller towns and villages more effectively. InsuranceDekho and RenewBuy have completed their merger,…
The Insurance Regulatory and Development Authority of India plans a public insurance registry that keeps data with institutions but offers interoperable access, aiming to boost efficiency, customer experience, and financial inclusion across the sector. India’s insurance regulator has set out…
Fibe, the Pune-based digital consumer lending platform backed by notable investors, plans to raise ₹750 crore through an IPO to expand its AI-powered lending operations across India, amid rapid asset growth and enhanced profitability. Fibe, the digital consumer lending platform…
India’s Unified Payments Interface (UPI) set a new record in August with 24.51 billion transactions, driven by increasing adoption of digital transfers and evolving payment habits across the country. India’s Unified Payments Interface set another record in August, underscoring how…
Innoviti Technologies has launched an AI-driven backup system for UPI transactions, reducing failure rates at point of sale and helping retailers avoid higher-cost card payments, with potential savings exceeding Rs.2 crore annually. Innoviti Technologies has launched an artificial intelligence-based backup…
India is set to unveil a new framework for artificial intelligence agents to facilitate frictionless low-value digital transactions on its dominant UPI platform, potentially positioning the country as a leader in agentic commerce. India is preparing a framework that would…
India’s Unified Payments Interface (UPI) has evolved from a domestic payment tool to a global infrastructure, processing over 24,000 crore transactions in FY26 and accounting for nearly half of all real-time payments worldwide, with expansion into international markets. India’s Unified…
PhonePe launches UPI 123Pay, a pioneering SMS-based digital payment service designed for over 200 million feature phone users in India, expanding financial inclusion in rural and semi-urban areas. PhonePe has rolled out a UPI service for India’s feature phone users,…
