While AI agents are shifting from buzzword to key business tools, financial crime compliance adopts a cautious approach, emphasising specific use cases, explainability, and stringent oversight to navigate governance risks and improve operational efficiency. AI agents are moving from buzzword…
The National Payments Corporation of India (NPCI) has launched UPI AutoPay with plans for interoperability, aiming to simplify and expand recurring digital payments by allowing seamless movement of mandates across apps, potentially transforming the landscape of automatic transactions in India.…
The Indian government is set to implement a controlled MDR on certain high-value UPI payments within the next two weeks, balancing increased funding needs with consumer welfare. India is moving closer to allowing merchant discount rates, or MDR, on a…
Cashfree Payments has introduced Relay, a no-code AI agent designed to significantly reduce manual payment tasks for small and medium-sized businesses, marking a strategic move to diversify revenue streams and compete with rivals like Razorpay in the Indian fintech landscape.…
NPCI Bharat BillPay Limited has reported that its Bharat Connect foreign exchange platform has crossed Rs 100 million in transactions within just four months, highlighting swift uptake of the retail FX offering amid broader digital financial inclusion efforts. NPCI Bharat…
Urban co-operative banks in India are embracing technological and governance reforms to stay relevant while preserving their local character, with NUCFDC providing crucial support for modernisation without losing community roots. India’s co-operative banks are trying to modernise without abandoning the…
Banks are advancing into a new era of AI oversight as agentic systems shift from data summarisation to executing core financial tasks, prompting urgent questions about governance, transparency, and human oversight. Banks are entering a new phase of artificial intelligence…
India and Uzbekistan are on the verge of enabling cross-border payments through UPI and local systems, aiming to boost bilateral trade and modernise financial infrastructure within a year. India and Uzbekistan are moving towards allowing India’s Unified Payments Interface to…
Axis Bank appears to be preparing for support of Apple Wallet in India as reports suggest the service’s launch could be sooner than expected, ahead of the official October 2026 rollout. Axis Bank appears to be moving ahead of Apple’s…
Antfin’s recent sale of its remaining stake in Paytm masks a complex ownership arrangement that persists behind the scenes, even as the company’s business outlook improves and its shares reach new highs. Ant Financial’s direct exit from Paytm in August…
India’s digital public infrastructure, centred on the JAM trinity and India Stack, is increasingly being adopted by developing economies worldwide, transforming public services and laying the groundwork for AI-driven development beyond the 2030s. India’s digital public infrastructure has moved from…
Cygnet.One has introduced an artificial intelligence-powered system designed to automate the classification of purchase invoices for GST compliance in India. The tool aims to reduce manual effort, improve accuracy, and provide transparent audit trails, integrating with over 250 ERP systems…
