India’s UPI (Unified Payments Interface) transaction volumes in July 2026 rose 22% year-on-year to a record 23.66 billion. As per the data shared by the National Payments Corporation of India (NPCI), the total value of payments touched an all-time high of ₹29.88 lakh crore. The latest figures
India’s popular fintech platform CRED has rolled out an artificial intelligence (AI)-powered credit coaching feature to help users better understand and navigate their credit scores. The new package combines AI with credit report analysis to provide personalised guidance, real-time updates and alerts. The development marks CRED’s latest
The Reserve Bank of India (RBI) has proposed a new governance framework that would require lenders to keep tighter control over every AI model they deploy. The framework comes as artificial intelligence (AI) becomes a bigger part of banking operations. The draft rules aim to make AI
BharatPe has launched BharatPe Flex, a new credit-on-UPI service powered by YES BANK. This allows users to make UPI payments using a pre-approved credit line instead of paying directly from their bank account. The service aims to give users more flexibility while continuing to use
India is using digital payments more than ever before. UPI transactions have crossed 200 billion. More people are paying through QR codes, mobile apps, and online payment platforms. But there is a surprise. People are also using more cash. Read More | Is a Tech War
India’s banking sector is widening digital access for Employees’ Provident Fund Organisation (EPFO) payments. As more lenders add EPFO services to their online banking platforms, it is important to simplify contribution payments for employers and businesses. The move comes amid the government’s broader push to modernise provident
India’s digital payments battlefield is heating up—and this time, it’s not just a skirmish. It’s shaping into a full-blown corporate faceoff. At the center of the clash are two entrenched giants: Google Pay and PhonePe. Together, they control nearly 80% of India’s UPI transaction volume—an
Finance Minister Nirmala Sitharaman has raised concerns over probable cybersecurity risks in the banking sector linked to advanced artificial intelligence (AI) systems. Citing the potential threat posed by tools such as ‘Mythos’, developed by Anthropic, she has warned of the growing adoption of AI across financial
The 33rd edition of the Convergence India Expo 2026, held at Bharat Mandapam, New Delhi, was nothing short of a spectacular, future-forward showcase of technology and innovation. Flawlessly executed and packed with high-impact experiences, the expo brought together cutting-edge solutions, visionary ideas, and some of
Google Pay has rolled out a new feature called Pocket Money under its UPI Circle framework, aimed at making digital payments more accessible for people who may not have their own bank accounts. The feature is designed for dependents such as children, elderly family members,