India’s government has greenlit a trial to test 2 billion polymer banknotes in ₹10 and ₹20 denominations, aiming to enhance durability and reduce costs, with circulation expected to start in the next financial year if successful. India’s government has cleared…
The Reserve Bank of India has unveiled draft guidelines aiming to unify interest rate adjustments across lenders, improve monetary policy effectiveness, and strengthen borrower safeguards, with feedback invited until September 11, 2026. The Reserve Bank of India has moved to…
Kyndryl and Suryoday Small Finance Bank expand their partnership to integrate agentic artificial intelligence into daily operations, aiming to enhance customer service, increase automation, and boost operational efficiency across the Indian lender’s network. Kyndryl and Suryoday Small Finance Bank have…
India’s market regulator, SEBI, has issued a show cause notice to Paytm parent One 97 Communications concerning its December 2023 disclosure on lending changes, sparking renewed scrutiny amid falling shares and regulatory pressure. India’s market regulator has sent Paytm parent…
Sarvam AI, backed by HCLTech and leading investors, is developing specialised, multilingual AI systems tailored for India’s unique market, signalling a strategic shift towards localised artificial intelligence infrastructure amid rising investment and a growing digital ecosystem. Sarvam AI’s backers believe…
The Indian government is deliberating whether to reinstate a merchant discount rate on high-value Unified Payments Interface transactions or introduce a tiered incentive system, as it seeks sustainable support for the country’s rapidly expanding digital payments ecosystem. India’s government is…
Axle has raised $17.5 million in Series A funding to expand its AI-driven insurance platform, aiming to streamline industry workflows, reduce processing times, and unlock unrecovered losses for over 4,000 organisations across multiple markets. Axle has raised $17.5 million in…
India’s markets regulator SEBI has issued a show-cause notice to Paytm’s senior management over the timing of its December 2023 announcement to curtail small personal loans, amid ongoing RBI restrictions on consumer lending. Paytm said its senior management has received…
Parliamentary committee calls for a tiered revenue framework for India’s Unified Payments Interface to ensure long-term financial viability, amid record transaction volumes and ongoing government subsidies. A parliamentary committee in India has urged the government to consider a self-sustaining, tiered…
A parliamentary committee has called on the government to accelerate the adoption of a calibrated merchant discount rate model for high-value digital transactions amid increasing transaction volumes and concerns over long-term sustainability of welfare schemes. A parliamentary panel has urged…
Merchants are evolving their abandoned cart recovery strategies by prioritising understanding why customers left and adjusting messaging accordingly, moving beyond blanket discounts to more targeted, multi-channel approaches that tackle checkout friction and payment issues. Abandoned cart recovery is no longer…
Centricity, the Gurugram-based wealth management firm, secures INR 280 crore in a Series A funding round led by SMBC Asia Rising Fund. The investment aims to accelerate technological innovation, expand distribution channels, and cater to India’s shifting savings habits amidst…
