India’s growing use of AI-driven data analysis is transforming credit assessments, enabling banks to extend loans to small businesses and individuals previously deemed too risky or invisible by traditional models. For banks, one of the hardest lending calls has always…
Mobikwik records third straight profitable quarter, signalling a shift towards sustainable earnings as revenues and gross merchandise value hit new highs; company aims for full-year profitability by FY27 amidst operational reshaping and strategic growth initiatives. One Mobikwik Systems has reported…
India’s parliament has paved the way for merchant fees on certain UPI transactions, marking a significant shift from the country’s long-standing zero-cost digital payment model for large businesses amid growing financial sustainability concerns. India’s Parliament has opened the way for…
India is formalising its digital public infrastructure, including platforms like Aadhaar and UPI, into a diplomatic asset by signing cooperation agreements with 23 countries, signalling a shift from domestic use to international influence, especially across the Global South. India is…
Mumbai-based Ionic Wealth launches AI-powered feature enabling investors to view personalised portfolio insights based on two decades of transaction history, signalling a shift towards more tailored, real-time wealth advice in India. Ionic Wealth has launched a new AI feature that…
ICICI Bank appears to support UPI for Hindu Undivided Family savings accounts, but customers face procedural nuances at branch level and app setup, highlighting evolving digital banking integration for shared family finances in India. ICICI Bank customers who hold a…
India’s expanding digital economy faces new risks from AI-driven scams, prompting authorities to emphasise AI literacy as a crucial layer of cybersecurity amidst escalating fraud cases and sophisticated impersonation techniques. India’s cyber authorities are increasingly treating AI as more than…
As digital commerce evolves, companies are adopting hybrid payment solutions, using gateways for online sales and links for quick, informal transactions, to optimise cash flow and customer experience. For many businesses, the real choice is not between a payment gateway…
The Reserve Bank of India aims to standardise and simplify loan rate setting across the financial sector, enhancing transparency and comparability for borrowers, amid recent reforms and efforts to broaden access to banking services. The Reserve Bank of India has…
Anthropic plans to handle some Claude requests within India using Amazon Bedrock, offering businesses a way to deploy AI tools in compliance-heavy industries and strengthening its foothold in the rapidly growing Indian market. Anthropic is preparing to let some Claude…
The Indian government is exploring the possibility of levying charges on certain high-value UPI payments, primarily affecting merchants, as part of a proposed legislative change that could reintroduce merchant discount rates and alter the landscape of digital transactions in the…
As central banks explore the development of digital currencies, the key debate centres on the design choices that will shape privacy, control, and the future of banking, rather than the technology itself. Central bank digital currencies are often presented as…
