Visa unveiled innovative digital payment solutions at the Global FinTech Fest 2024, including HDFC Bank’s all-in-one POS device, Paytm NFC Card Soundbox, and Axis Bank’s Neo for Merchants app....
India’s digital rupee wallet providers will be expanded from banks to non-bank payment operators. During a monetary policy statement today, Reserve Bank of India Governor Shri Shaktikanta Das announced...
The CBDC Retail (CBDC-R) pilot currently enables Person to Person (P2P) and Person to Merchant (P2M) transactions. It is now proposed to enable additional functionalities of programmability and offline...
Google has removed several cryptocurrency platforms from its Indian Play store. The removal, as reported Saturday (Jan. 13) by TechCrunch, involves crypto giants including Binance and Kraken, and follows...
InsuranceDekho, an Insurtech player, said it has raised $60 million in its ongoing Series-B funding round through a mix of equity and debt.India-focused Beams Fintech Fund led the round...
Last November, the Reserve Bank of India launched its first wholesale CBDC pilot to settle government bond transactions. This week it started using the central bank digital currency (CBDC) in the...
India is using artificial intelligence (AI) to expand digital payments to rural areas. As the Financial Times (FT) noted in a report Saturday (Aug. 19), while India’s Universal Payments...
Indian cash-back and rewards app Abound has raised $10 million from the Times Group to expand its remittance offering. The app — owned by the Times of India and...
The adoption of blockchain technology in India has etched another win following the disclosure of Pune’s property registration department to integrate the technology. The city’s registry will rely on...
India’s Open Network for Digital Commerce (ONDC) has begun facilitating B2B transactions. The government-backed eCommerce network started testing the B2B expansion in May after beginning to handle transactions between...