Parliament’s Standing Committee on Finance urges India to implement a tiered merchant discount rate for higher-value UPI transactions, citing financial sustainability concerns amid rising infrastructure costs and limited government support. Parliament’s Standing Committee on Finance has urged India to move…
Fintech firms struggle with delays in withdrawals caused by manual KYC re-checks, prompting industry calls for dynamic, lifecycle-integrated compliance systems that balance speed and risk control. Fintech firms like to sell speed, but the part that most often breaks is…
While AI is boosting operational efficiency in the insurance sector, experts warn that the true value lies in maintaining personal trust and relationships that cannot be automated, reshaping the competitive landscape. Artificial intelligence is changing the insurance agency business, but…
As digital payment volumes soar, companies are turning to real-time settlement solutions to combat hidden delays and administrative burdens, transforming the way finance teams manage and interpret transaction data. The appeal of digital payments is obvious to customers: a click,…
Security researchers warn that AI answer boxes, while helpful, can be exploited through false information planted via advanced techniques like memory poisoning, urging users to verify critical details through official sources. AI answer boxes can be useful, but security researchers…
With the proliferation of fake loan apps in India, authorities are intensifying efforts to combat data theft, extortion, and fraud, warning borrowers to exercise caution in digital lending practices. When money is tight, an app promising instant approval can look…
Coins.ph has integrated with Bayad to nearly triple its available billers, enhancing real-time payments and broadening its role in everyday transactions across utilities, government, and other sectors. Coins.ph has deepened its payments offering through a partnership with Bayad that lifts…
India’s tax authorities have issued new guidance to regulate crypto trading, bringing in stricter reporting requirements for firms and aligning with OECD standards to improve cross-border transparency. India’s tax authorities have moved to tighten oversight of crypto trading, with the…
Razorpay teams up with OpenAI and NPCI to enable merchants to create ChatGPT storefronts that support seamless UPI payments, aiming to revolutionise digital customer acquisition and discovery. Razorpay is moving to position itself inside the fast-emerging market for AI-led shopping,…
India’s parliamentary finance committee has called for a phased, tiered merchant discount rate on high-value digital payments to ensure the long-term financial sustainability of the country’s rapidly expanding UPI system, balancing consumer affordability with ecosystem viability. India panel urges tiered…
Fincite reveals that fragmented client holdings across multiple accounts and assets pose a strategic challenge for wealth managers, urging the adoption of integrated platforms to gain a comprehensive view of client wealth and improve advisory services. Wealth managers may be…
As India’s Unified Payments Interface celebrates a decade of transformative growth, experts warn that balancing scalability, security, and inclusion is crucial to maintaining its role as a vital economic infrastructure and expanding its global footprint. India’s Unified Payments Interface has…
