UPI Transactions Surge 52%
Unified Payments Interface (UPI) transactions in India grew by 52% year-on-year, reaching 78.97 billion in the first half of 2024.
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Google Maps to Show AI-Powered Review Summaries in India
Google is adding new artificial intelligence-powered features to a version of its Maps service designed for users living in India.
India to Fabricate Its First Chip in Two Years
India will fabricate its first chip in two years.
Healthcare Fintech Care.fi Raises $955K in Debt Capital
Fresh funding complements earlier Care.fi investments of $2.6 million and fuels fintech’s vision of becoming India’s healthcare-focused Small Finance Bank.
Tokyo Electron Plans to Operate in India
Tokyo Electron Ltd. aims to form a team of engineers specializing in chips in India.
Who Are India’s AI Influencers and What Do They Mean for Creator Marketing?
Artificial intelligence (AI) has transformed the way we do business and sell merchandise. The technology does not only optimise the paperwork for e-commerce but also can autonomously promote brand products. Virtual influencers went viral in China first and are quickly gaining popularity in other markets, with India being one of the prominent examples.
India Accuses Amazon and Flipkart in Violation of Competition Laws
The Competition Commission of India (CCI) has conducted antitrust investigations, concluding that Amazon and Walmart’s Flipkart repeatedly violated local antitrust laws, while Samsung and Xiaomi colluded with them.
LoanTap and Hyperface Partner to Facilitate Digital Lending in India
Fintech company LoanTap and a banking-as-a-service startup Hyperface have reached a strategic partnership to boost online lending services in India.
Visa to Promote Digital Payments in India
Visa is currently partnering with companies such as Paytm and PayU to promote digital payment practices in India.
Google Expands Partnership With UPI
Google Pay has presented several new offers through the Indian United Payments Interface (UPI).
Central Banks Buy Record Gold Reserves
Global central banks purchased 483 tonnes of gold in the first half of 2024, outperforming the previous record of 460 tonnes set in H1 2023 by 5%.
Mastercard to Pilot Payment Passkey Service in India
India was chosen as the first country to experience the benefits of the new Mastercard Payment Passkey Service to facilitate payment authorisation and make online shopping more secure.
PayMate & NBBL Launch BBPS-B2B Platform for Businesses in Digital India
The PayMate BBPS-B2B platform aims to standardise and digitise nationwide commercial processes related to invoicing, payment initiation, collection, reconciliation and settlement.
NPST Launches AI-Enabled Digital Payment Solutions
Network People Services Technologies (NPST) introduced a suite of AI-powered solutions for digital payments at the Global Fintech Fest (GFF) 2024 in Mumbai.
Reserve Bank of India to Roll Out Lending Platform
The Reserve Bank of India (RBI) intends to launch a technology platform that aims to enable frictionless lending.
PhonePe Enables Consumers to Link Credit Lines to UPI
Indian fintech PhonePe grabs the opportunity provided by RBI and offers its customers an ability to link pre-approved credit line to UPI apps.
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