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India

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks
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7 August, 2024

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

CBDCs may have the potential to be the future of money, but the Reserve Bank of India points out the...
India’s UPI to offer wallet service to foreign visitors amid digital payments boom
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5 August, 2024

India’s UPI to offer wallet service to foreign visitors amid digital payments boom

Exploring India's cultural attractions is now easier with the UPI One World wallet, eliminating the complexities of forex transactions and...
India, UK’s technology security initiative to focus on AI and defense ties in Indo-Pacific region
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3 August, 2024

India, UK’s technology security initiative to focus on AI and defense ties in Indo-Pacific region

The initiative will see both nations increase their collaborative efforts in AI, semiconductors, essential minerals, and telecommunications, focusing on defense...
Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI
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2 August, 2024

Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI

One of India's major banks, the Bank of Baroda, rides on the AI boom, introducing an AI-powered VRM, along with...
RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns
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31 July, 2024

RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns

According to RBI Governor Shaktikanta Das, "The financial landscape in India is undergoing a structural transformation," driven by technological innovations...
India’s digital payments rise 12.6%, RBI-DPI data says
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30 July, 2024

India’s digital payments rise 12.6%, RBI-DPI data says

India’s digital payments rose to 445.50 as of March 2024, compared to 395.57 in March 2023, the Reserve Bank of...
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