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India in need of simplifying user verification process to bolster digital payments
While India has witnessed a surge in digital payments, the country’s KYC procedure continues to be cumbersome, especially for the elderly, poor, and migrants.
While India has witnessed a surge in digital payments, the country’s KYC procedure continues to be cumbersome, especially for the elderly, poor, and migrants.
India’s NIPL, a wholly-owned subsidiary of the NPCI, has partnered with Lyra to enable acceptance of the Unified Payments Interface at Galeries Lafayette’s flagship store in Haussmann, Paris.
India may have joined the race in advancing AI to achieve its SDG goals and mitigate climate change, but experts said several issues must be addressed first to harness the tech's full potential.
India's finance minister abolished the 'angel tax' but remained silent on requests from the digital asset industry to lower taxation as she presented the Budget 2024-2025 in Parliament on July 23.
The Economic Survey revealed that the BPO sector, where generative AI is revolutionizing the performance of routine cognitive tasks, is estimated to decline considerably in the next ten years.
India intends to integrate AI technology into digital public infrastructure (DPI) to improve efficiencies and redefine the country's digital ecosystem.
India is seeing a spike in the adoption of digital payments among merchants operating small stores and consumers paying items valued over $6, but the rise in fraud may hamper this development.
Utilizing UPI payments in Qatar through the QNB merchant network is expected to significantly benefit Indian tourists visiting the country.
Rohan Sharan joined the CoinGeek Weekly Livestream to discuss his mission with Timechain Labs and what's happening with blockchain technology in India.
"India will not just participate in the AI revolution but rather shape it," Vishal Dhupar, South Asia managing director of Nvidia, said at the recent Global India AI Summit 2024.
To create a high-end AI ecosystem, India is looking to ramp up its computing capacity by purchasing over 10,000 GPUs and making AI commercially accessible.
India's oldest metro adopts a UPI payment-based ticketing system, making travel more convenient among locals and speeding up the nation's digitalization by reducing cash reliance.