by AIP Online Bureau | Apr 8, 2025 | Eco/Invest/Demography, Indian News, Technology, Workplace/Employee Benefits
“Now with just a tap, users can share only the necessary data, giving them complete control over their personal information – New Aadhaar App (in beta testing phase)… Aadhaar verification becomes as simple as making UPI payment. Users can now...
by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
This initiative will enable investors to verify the authenticity of the UPI ID they are transferring money to, through robust KYC (Know Your Customer) due diligence. This measure is designed to combat the growing threat of digital fraud, ensuring that investors can...
by AIP Online Bureau | Oct 9, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
With new guidelines, the users will soon be able to do low-value UPI transactions of up to Rs 1,000 without entering the PIN. Earlier, the limit was Rs 500. The limit for UPI Lite balance has also been raised to Rs 5,000 from Rs 2,000. UPI Lite is available on Paytm,...
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,”...
