Wizz Financial and City Union Bank have launched Wizz Voyager, an AI-driven travel card offering multi-currency management, real-time exchange rates, and travel perks, targeting Indian residents making international payments. Wizz Financial’s India arm, Wizzmoni, has joined with City Union Bank…
London-based fintech Form3 has launched an AI-driven payments infrastructure that enables banks and fintechs to deploy authorised AI agents for daily operations, aiming to reduce manual work and modernise payment systems amidst increasing complexity. Form3 has unveiled an AI-enabled payments…
NPCI introduces MyUPI, an AI-powered support platform for India’s UPI payments, promising round-the-clock multilingual assistance but currently facing limitations in functionality and privacy transparency, raising questions about its operational maturity. NPCI has rolled out MyUPI, an AI-powered support layer for…
From 15 October, select large-value UPI transactions will attract a fee, but the NPCI assures the system remains cheaper than card payments for most users and merchants. India’s Unified Payments Interface is set to become slightly more expensive for some…
Cruise Money has revealed India’s first agentic virtual prepaid card at the Global Fintech Fest 2026, offering AI-powered transaction routing and personalised financial management, pending regulatory approval. Cruise Money has unveiled what it describes as India’s first agentic card, a…
Lxme has teamed up with Shiprocket to expand its UPI payment service in India’s direct-to-consumer market, allowing shoppers to earn Digital Gold on everyday transactions and promoting financial well-being among women. Lxme has teamed up with Shiprocket to widen the…
Mahindra Finance’s accelerated push into artificial intelligence is transforming loan origination and servicing, with automated systems now managing 70% of new loan volumes and dramatically reducing borrower delays. Mahindra Finance says its push into artificial intelligence and digital lending is…
Juniper Research warns that the rise of AI-enabled scams will significantly increase fraudulent transactions in digital banking, prompting a shift towards real-time, intelligence-led risk management strategies. Fraud in digital banking and money transfers is set to become far more difficult…
Janie Brook’s experience highlights how discrepancies between training data and live deployment, such as timing and data representation issues, can cause fraud models to fail in real-world scenarios despite strong offline metrics. A fraud model that looks excellent on paper…
AI-driven platforms are transforming underwriting processes by automating document analysis and data extraction, enabling underwriters to focus more on risk judgement rather than administrative tasks. In lending and insurance, underwriting still spends too much time on administration and too little…
As platforms in India adopt the PayFac model to streamline merchant onboarding and payments, they must navigate increased compliance responsibilities amid regulatory distinctions from traditional payment aggregators. A payment facilitator, or PayFac, is a way for software platforms and marketplaces…
Al-Futtaim’s strategic partnership with Juspay marks a significant step towards simplifying and localising payment processes across its diverse markets, set to roll out from September 2026. Al-Futtaim has struck a strategic deal with payments technology group Juspay to handle payment…
