India has halted a proposal by Alipay+ to connect its payment network with the country’s UPI system citing national security and data protection concerns, highlighting tensions over Chinese-linked financial firms amid improving regional connectivity efforts. India has put on ice…
Hyderabad-based Viyona Fintech has launched its UPI Switch with Bharat Cooperative Bank, strengthening its foothold in India’s rapidly evolving digital payments ecosystem by offering enterprise-scale transaction processing and compliance features. Hyderabad-based Viyona Fintech has moved its UPI Switch into live…
WhatsApp has launched a bill payments feature in India, allowing users to pay utility bills seamlessly within the app, supported by the Bharat Connect network and accessible to over 22,700 billers across 30 categories, signalling a significant expansion in its…
Indian AI financial platform Afinit collaborates with Seoul National University to develop a groundbreaking credit scoring technology designed to enhance lending accuracy for previously rejected applicants, enhancing financial inclusion in emerging markets ahead of a Kosdaq listing. Afinit, the Indian…
Indian fintech companies like Pine Labs and Paytm are expanding into agentic payments, leveraging AI to automate and optimise transaction processes, signalling a new frontier in digital payments and operational efficiency. Indian fintech groups are rapidly expanding into agentic payments,…
The Reserve Bank of India has amended investment rules for urban co-operative banks, enabling them to buy shares in the Indian Digital Payment Intelligence Corporation to join the country’s central digital payment fraud monitoring platform, strengthening fraud detection and risk…
KFin Technologies has unveiled Arya, an innovative conversational AI platform designed to enable investors to perform mutual fund transactions within a single dialogue, potentially transforming fund servicing across its network. KFin Technologies has unveiled ARYA, a conversational AI platform that…
MIDASX’s exclusive partnership with MF Utilities India aims to expand offerings for mutual fund distributors across India, leveraging AI technology to streamline and scale wealth management services for over 700,000 investors and assets exceeding ₹2.5 lakh crore. MIDASX has struck…
Razorpay has launched RAY, an AI-powered account manager integrated into WhatsApp, enabling business owners to manage payments and gain insights through simple text or voice prompts, disrupting traditional dashboard-based processes. Razorpay has launched RAY, an AI account manager built into…
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…
