India’s digital public infrastructure is entering a new phase characterised by interconnected systems and AI-driven capabilities, aiming for enhanced governance and inclusive growth across sectors such as health, finance, agriculture, commerce, and education. India’s digital public infrastructure is moving into…
India’s Supreme Court has permitted the implementation of the government’s new Merchant Discount Rate on certain UPI transactions while requesting the Centre to clarify the legal basis of the policy, leaving the rollout on track amid legal questions. India’s Supreme…
PhonePe reports significant efficiency gains through AI integration, reducing audit times from days to minutes and transforming internal operations, signalling a shift towards automation in scale. PhonePe is using artificial intelligence to squeeze cost out of routine work and speed…
After a meeting with Finance Minister Nirmala Sitharaman, major traders’ organisations cancel plans for a ‘No UPI Day’ protest, but continue to seek postponement and adjustments to the proposed merchant discount rate on high-value digital transactions. Two major traders’ organisations…
Ant International’s Antom partners with Google Gemini to expand AI subscription services across Asia, offering over 300 local payment methods and integrating AI-driven commerce infrastructure to reach millions in Indonesia and beyond. Ant International’s Antom is deepening its push into…
CCAvenue has incorporated Apple Pay into its merchant network, enhancing contactless payment options across in-store, in-app, and online transactions and reinforcing its position as a comprehensive payments infrastructure provider. CCAvenue has added Apple Pay to its merchant network, giving businesses…
After years of anticipation, Apple Pay makes its debut in India, starting with Visa and Mastercard credit cards issued by Axis Bank, bringing contactless payments to millions of users amid a highly competitive market. Apple Pay has finally arrived in…
Banks are under growing pressure to modernise outdated compliance systems amid the shift towards instant payments, risking operational stability and regulatory compliance if they fail to adapt quickly and effectively. Banks can no longer treat compliance technology as something to…
Advanced AI-driven systems like MoneyThumb’s Thumbprint are transforming the validation of bank statements, blending visual analysis with transaction scrutiny to combat rising forgery risks. Fake bank statements can be polished enough to pass a quick glance, but the risks rise…
Mastercard reveals that advanced AI models have drastically lowered cyberattack costs and increased speed at identifying software vulnerabilities, raising urgent security concerns across global sectors. Mastercard says the rise of large language models has made it far cheaper to turn…
Finastra’s new AI feature aims to accelerate payment error resolution, enhance compliance, and reduce manual workload in banking payment systems amid rising transaction volumes. Finastra has launched a new artificial intelligence feature aimed at helping banks clear payment-processing problems more…
CRIF Credit Information Services has named Suresh Venkatesan as its new CEO and whole-time director, aiming to expand responsible lending and fintech access across India with his extensive experience in banking and data analytics. CRIF Credit Information Services Private Limited…
