Reserve Bank of India Governor Sanjay Malhotra has cautioned that unchecked artificial intelligence usage in financial services may lead to increased exclusion and systemic risks, despite its potential to transform India’s digital economy. Reserve Bank of India Governor Sanjay Malhotra…
Online gold loans are gaining popularity among Indian households, combining digital convenience with traditional safeguards to offer quick, transparent, and accessible funding options for small and sentimental assets. Online gold loans are gaining traction because they sit at the intersection…
Fusion Finance aims to expand beyond microfinance by launching unsecured individual loans targeted at higher-income customers, as part of a strategy to balance its lending portfolio and improve asset growth. Fusion Finance is preparing to widen its lending mix beyond…
Splitit and 1stMILE are partnering to introduce flexible payment options at the automotive repair shop counter, enabling customers to spread costs while supporting repair shops’ cash flow amid rising emergency expenses. 1stMILE and Splitit are joining forces to bring point-of-sale…
Senior leaders at major Indian banks are prioritising agentic AI development over the coming year, signalling a shift from experimentation towards autonomous decision-making, while emphasising the need for robust controls and data security. Senior executives at some of India’s biggest…
Lenders are increasingly blending automation with human review as they prioritise faster decisions and more robust verification, leveraging AI-driven document forensics amid evolving borrower data needs. Small business funding is being reshaped by a blunt but practical demand: borrowers want…
Indian banks are rapidly adopting AI technologies like generative and agentic AI, but senior executives warn that ensuring robust governance and data privacy is crucial to reap the benefits without risking customer trust and system integrity. Indian banks are moving…
As UPI’s ubiquity transforms commerce across India, a debate erupts over introducing a transaction fee to sustain the system, overshadowing its record-breaking usage and growth. UPI has become so deeply embedded in everyday life in India that even a small…
SaveSage and IndiGo’s new alliance rewards consumers with airline points for routine household payments, signalling a strategic shift in India’s burgeoning credit card ecosystem and travel loyalty landscape. SaveSage has teamed up with IndiGo’s BluChip loyalty scheme to let customers…
Apple is set to launch its contactless wallet service in India by October, marking a significant expansion, though integration with the dominant UPI system faces regulatory and strategic hurdles. Apple Pay is set to arrive in India by October, according…
India’s flagship digital payment platform, UPI, transitions from free to charged transactions amid concerns over long-term viability and economic sustainability, prompting a debate on balancing inclusion and infrastructure funding. India’s zero-MDR experiment turned UPI from a policy instrument into a…
Indian travellers to Sri Lanka can now enjoy a 20% discount on local journeys paid via UPI, as PickMe integrates international mobile payments to enhance cross-border tourism experiences amid rising Indian visitor numbers. Indian travellers heading to Sri Lanka can…
