by AIP Online Bureau | Jun 9, 2025 | Eco/Invest/Demography, Indian News, Technology
Nirmala Sitharaman,Union Finance Minister “India is embracing a cashless revolution. With Rs 70,000 crore+ worth UPI transactions daily and 59.6 crore transactions in a single day, digital payments are now the norm,” the minister added. New Delhi: Union Finance...
by AIP Online Bureau | Mar 6, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
Sanjay Malhotra, Governor, RBI The regulator would continue to adopt a “consultative approach,” the central bank said, adding that new-age technology companies such as payment system players and account aggregators played an important role in the growth of India’s...
by AIP Online Bureau | Sep 20, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Policy, Risk Management, Technology
Nirmala Sitharaman, Union Finance Minister As banks benefit from technology, they need to periodically learn to mitigate risks and improve customer service, credit assessments and fraud detection using technology, the Finance Minister noted Mumbai: As the unified...
by AIP Online Bureau | Aug 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
Christopher Waller,Governor,Federal Reserve “The technology-driven payments revolution in India has been enabled by a public-private partnership to build the ‘technology stack’ of digital platforms that has broadened financial inclusion and done so at low costs,”...
by AIP Online Bureau | Nov 28, 2023 | Eco/Invest/Demography, Features, Policy, Regulation, Risk Management, Technology
The authors further said despite the traction observed in digital payments, cash persists due to a strong inclination of the populace to transact and save in cash Mumbai: Cybersecurity, customer protection, and cost-effectiveness are essential for sustaining the...
