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News
Beyond UPI and Pix: Why Governance Is the Real Test for BRICS Pay
4+ day, 9+ hour ago (456+ words) When India welcomes ten fellow members of BRICS to New Delhi on September 12 and 13 for the group’s 18th summit, the officially billed theme will be “Building for Resilience, Innovation, Cooperation and Sustainability.” A suitable subtitle might have been “How to build…...
Starlink, Jio await cabinet nod after DCC spectrum approval
4+ day, 13+ hour ago (317+ words) The DCC took the decision at its September 3 meeting. The Department of Telecommunications (DoT) will now seek Union Cabinet approval for the spectrum pricing and allocation framework. Satellite operators still cannot begin commercial services until the government formally assigns spectrum…...
Meta launches Muse AI agent across apps; India left out
5+ day, 13+ hour ago (656+ words) Meta has launched an AI agent that acts on a user’s behalf. Muse sends emails, fills in forms, negotiates and makes purchases, and keeps running after the app is closed. It is rolling out in the United States on iOS,…...
Banks can???t outsource accountability for algorithmic decisions: RBI Deputy Governor
5+ day, 8+ hour ago (280+ words) “An institution may outsource the computation, but it cannot outsource the consequence,” said Rohit Jain, Deputy Governor, Reserve Bank of India, in a keynote address at Global Fintech Fest (GFF) 2026, on why banks and other regulated entities cannot shift responsibility…...
Amazon Pay Smart Wallet lets AI agents make UPI payments
5+ day, 10+ hour ago (527+ words) Amazon Pay on Wednesday introduced Smart wallet, a new offering that lets AI agents make UPI payments on behalf of users. The company also rolled out biometric authentication via its Smart wallet to boost payment success rates, alongside offline tap-to-pay,…...
GFF: Stablecoins pose sovereignty challenge, RBI adviser says
5+ day, 9+ hour ago (248+ words) RBI’s G Padmanabhan moderated the session, which focused particularly on the implications of cross-border digital money, the future of central bank money, and how regulators can support new payment methods without weakening control over their monetary systems. Central banks, he…...
India Uses Trade Agreements to Ease Fintech Export Rules
5+ day, 10+ hour ago (579+ words) India’s free trade agreements are being used to clear regulatory obstacles for fintech exports. That covers data flows, cloud computing and cybersecurity, Commerce Secretary Rajesh Agrawal said at the Global Fintech Fest. Why it matters: This places payments regulation, data…...
Modi urges fintech consumer protection index at GFF 2026
5+ day, 14+ hour ago (540+ words) MediaNama Prime Minister Narendra Modi has called for a fintech consumer protection index that would give every company a transparent rating, making consumer protection, alongside cybersecurity and data governance, a priority for India’s fintech sector. He proposed this while inaugurating…...
Udaan to Acquire Swiggy’s LYNK Logistics for Rs 500 Crore
6+ day, 13+ hour ago (544+ words) Ahead of its planned initial public offering, B2B e-commerce startup Udaan is acquiring retail distribution platform LYNK Logistics from Swiggy in a share-swap deal worth Rs 500 crore. In a filing with the Bombay Stock Exchange on Monday, September 7, Swiggy said the…...
Cars24 India's revenue takes another hit as core biz falls 23% in FY26
1+ week, 8+ hour ago (469+ words) Used-car marketplace Cars24 India’s revenue declined for the second consecutive year in FY26. Revenue from operations fell over 18% to Rs 5,092 crore in FY26, compared to Rs 6,223 crore in the previous year, according to its consolidated financial statements sourced from the Registrar of Companies…...