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India considers levying fees on large UPI transactions to recover digital payment costs

India is contemplating a landmark shift in its digital payment landscape, potentially allowing banks and firms to charge fees on high-value UPI transactions, signalling a new phase in the country’s cashless ecosystem. India may be edging towards a small but…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

India's Sarvam aims to create trillion-parameter AI model, challenging global giants

Sarvam co-founder Pratyush Kumar announces plans to develop a trillion-parameter AI model in India, signalling a shift towards domestic AI infrastructure and reducing reliance on imported systems. At Epoch 2026, Sarvam co-founder Pratyush Kumar said the company was building a…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

Agentic payments move beyond proof of concept as focus shifts to transaction authorisation

As AI-driven agentic payments gain serious funding, industry leaders emphasise the importance of robust authorisation, governance, and auditability to trust and operate these innovative transactions. Agentic payments are no longer just a proof of concept. As the sector starts to…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

Sarvam AI secures $75 million funding from Nvidia to develop India’s first trillion-parameter foundation model

Indian startup Sarvam AI raises $75 million in Series B funding, with Nvidia among backers, to build a pioneering trillion-parameter AI model in India, signalling a significant step towards indigenous frontier AI development. Sarvam AI has raised $75 million in…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

Diesta enhances insurance payments with J.P. Morgan’s Kinexys Liink confirm for improved payee verification

Diesta integrates Kinexys Liink Confirm, a blockchain-based payee verification tool from J.P. Morgan, to streamline cross-border insurance payments, reduce errors, and enhance operational efficiency across multiple countries and currencies. Diesta has added Kinexys Liink Confirm, a payee verification tool from…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

India’s banks brace for transformative shift to expected credit loss provisioning by 2027

Indian banks are preparing for a major overhaul in risk provisioning with the Reserve Bank of India setting a 2027 deadline for transitioning to an expected credit loss framework, promising more proactive risk recognition but demanding significant technological and governance…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

India’s 2047 ambitions hinge on deep reforms and financial innovation to achieve developed nation status

India’s vision for 2047 underscores a comprehensive approach combining growth, social inclusion, environmental sustainability, and financial sector reform to transform the nation into a developed economy amid emerging challenges. India’s plan to become a developed nation by 2047 rests on…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

India faces surging cyber attacks as digital growth exposes security gaps

India’s rapid digital expansion has outpaced its cybersecurity measures, leading to a sharp rise in attacks and mounting economic damage, calling for a shift towards board-level risk management and stronger resilience strategies. India’s digital success has brought a harder truth…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

InRisk Labs raises $27 million to expand as a regulated reinsurer in GIFT City

Ahmedabad-based InRisk Labs secures $27 million in a Series A funding round to transition from a software provider to a licensed reinsurer, leveraging GIFT City as a strategic hub for growth in the Global South’s insurance market. Ahmedabad-based insurtech group…

  • apxadmin
  • August 5, 2026
  • Fintech & Digital Money

Kissht’s rapid growth challenges sustainability of small-ticket digital lending profits in India

Kissht, India’s fast-growing fintech platform, demonstrates resilient profitability through innovative risk management despite concerns over credit quality amid rapid loan book expansion. Kissht’s rapid rise has made it one of the more closely watched stories in India’s digital-lending market. The…

  • apxadmin
  • August 5, 2026
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