Indian digital payments giant PhonePe has obtained in-principle approval from the UAE Central Bank to operate in the Gulf state, marking its first step towards international expansion amid the UAE’s push for a cashless economy. PhonePe has won in-principle approval…
Regional efforts to link domestic instant payment networks are accelerating, with projects like BIS’s Project Nexus and India’s UPI exploring broader international integration and access to global merchant networks. Asia-Pacific’s instant payment networks are increasingly being designed for more than…
The National Payments Corporation of India has reassured small merchants that new GST on merchant discount rates for high-value UPI transactions will not affect payments below Rs 2,000, aiming to minimise impact on small shops amidst upcoming regulatory changes. The…
Persistent Systems has achieved Databricks Brickbuilder specialisation for banking, financial services and insurance, highlighting its role in integrating governed AI systems amid rising regulatory and security demands in finance. Persistent Systems said it has gained Databricks Brickbuilder specialisation for banking,…
Apple appears set to launch its long-awaited payment service in India next month, with reports indicating a cautious, phased rollout focusing on card payments initially, as the company navigates India’s dominant UPI ecosystem. Apple Pay may finally be preparing for…
From October 2026, India introduces a revised UPI framework that exempts person-to-person payments but imposes fees on small merchants and investment transactions, prompting protests from petrol dealers and stockbrokers amid regulatory scrutiny. From 15 October 2026, India’s revised UPI merchant…
The newly published ISO/IEC 42001 standard is reshaping how payments firms manage external AI technology, emphasizing oversight, transparency, and responsible use amid increasing reliance on third-party vendors. ISO/IEC 42001 is emerging as a practical benchmark for payments firms trying to…
VALID Systems introduces Real-time Loss Alerts, a new model designed to distinguish recoverable declines from true charge-offs, enabling banks to prioritise real financial losses and improve decision accuracy through expert-driven features and cautious bias mitigation. In deposit-risk scoring, a decline…
QuLens, a subsidiary of JISA Softech, unveils its new cryptographic governance platform aimed at strengthening resilience against future quantum threats, amid a rising focus on quantum security at the Global Fintech Fest 2026 in Mumbai. QuLens, a JISA Softech company,…
Byzfunder launches TraceDataIQ, an AI-driven underwriting platform that integrates legal, digital, and financial data to speed up approvals and enhance risk assessment for small business loans, shifting the landscape of alternative finance. Byzfunder said on Thursday that it has launched…
Small and medium mobile phone retailers in India appeal to the finance ministry for exemptions from proposed UPI merchant discount rate, citing squeezed margins amid rising costs and softer demand. Mobile phone retailers in India are pressing the finance ministry…
Zorion introduces virtual USD card issuance to its platform, enabling users to spend online directly from their wallets without a separate card account, marking a shift towards more integrated digital financial services for online earners. Zorion, a digital wallet company,…
