Analysis reveals that technical failures during UPI transactions spike during peak hours, with weaker banks and load capacity issues driving system-driven failures, highlighting areas for infrastructure improvements and reliability enhancements. A closer look at failed UPI transactions suggests that not…
PayU introduces Fraud Liability Protect, an AI-powered solution designed to enhance transaction success and reduce chargebacks for Indian merchants accepting international card payments, with added fraud coverage and smarter risk assessment. PayU has launched an artificial intelligence-based fraud tool for…
PayU has launched an AI-powered Fraud Liability Protect tool to enhance secure cross-border transactions for Indian merchants, promising increased success rates and reduced fraud losses amid growing digital commerce challenges. PayU has launched an AI-powered Fraud Liability Protect tool for…
MapmyIndia Mappls and ClarityX have unveiled Geo-FI, a geo-intelligence platform designed to enhance lending decisions by integrating spatial data into underwriting, market analysis, and collections , signalling a shift towards dynamic, location-based risk assessment in India’s financial industry. MapmyIndia Mappls…
Former RBI governor D. Subbarao highlights the need to introduce fees on UPI transactions to cover operational costs and foster innovation, amid ongoing debates and policy clarifications. Former Reserve Bank of India governor D. Subbarao has renewed the debate over…
IIIT-Hyderabad releases ‘Cashless Nation’, a detailed account of how India’s Unified Payments Interface evolved into a vital platform for financial inclusion and digital commerce post-demonetisation. IIIT-Hyderabad has released a new book on the rise of India’s Unified Payments Interface, framing…
Russia and India move closer to integrating their payment infrastructures through a new cross-border project, aiming to facilitate trade within BRICS and reduce reliance on third-country currencies, ahead of the upcoming BRICS summit in New Delhi. Russia and India have…
India’s Commerce and Industry Minister Piyush Goyal calls for deeper cooperation among BRICS nations to link payment systems, promote local currency trade, and enhance economic collaboration in technology and agriculture. Commerce and Industry Minister Piyush Goyal used the BRICS Business…
Bengaluru-based startup Navana.ai secures Rs 40 crore in Series A funding led by Ronnie Screwvala to expand its speech recognition tools across India’s diverse languages, targeting banking, insurance, and financial sectors with on-premise solutions. Navana.ai has raised Rs 40 crore…
Remittances from Nepali workers abroad now form a vital part of the country’s economy, with a shift towards digital transfer methods and increasing regional disparities in benefit distribution highlighting new challenges and opportunities. Money sent home by Nepalis working abroad…
Russia’s sovereign wealth fund and BRICS Pay India sign new deal to strengthen local currency transactions within the bloc, aiming to reduce reliance on Western payment channels amid ongoing global shifts. Russia’s sovereign wealth fund and the Indian arm of…
NPCI Bharat BillPay Ltd. plans to create a unified digital layer to streamline invoicing, payments, reconciliation, and financing, aiming to transform MSME credit access and boost productivity in India’s growing business ecosystem. NPCI Bharat BillPay Ltd. has outlined plans for…
