India

India wants smartphone makers to share their source code with its government. That’s according to a report Sunday (Jan. 11) by Reuters, which said that the government also wants these companies to ...

Google Pay launched a digital credit card designed for everyday transactional use in India. The new Flex by Google Pay is built on India’s RuPay payment network, powered by the country’s ...

Amazon plans to invest $35 billion in India through 2030 to support business expansion, artificial intelligence (AI) digitization, export growth and job creation. This will build on the $40 billion the ...

Microsoft has pledged $17.5 billion for artificial intelligence (AI) and cloud computing in India. The investment, which the company called its largest ever in Asia, was announced Tuesday (Dec. 9) after CEO Satya Nadella met with ...

Razorpay said Thursday (Oct. 9) that it collaborated with the National Payments Corporation of India (NPCI), creator of the Unified Payments Interface (UPI), and OpenAI to launch an “AI-powered conversational ...

JPMorgan Chase & Co. is reportedly working to expand its operations in India. The bank is expanding its payment services in the country to help clients process and move money globally, ...

India is reportedly preparing to introduce biometric authentication to its national domestic payments network. Starting Oct. 8, users of the United Payments Interface (UPI) will be able to approve payments with ...

PhonePe, India’s largest digital payments company, is reportedly preparing to go public. The Walmart-backed company filed preliminary documents via the confidential route for an initial public offering (IPO), Bloomberg reported Wednesday ...

Indian digital payments provider Pine Labs is reportedly preparing to go public. The company is planning to raise up to $700 million from an initial public offering (IPO) in the latter ...

OpenAI has introduced a subscription ChatGPT plan for users in India priced at under $5. The 399 rupees per month (around $4.60) ChatGPT Go plan was announced Tuesday (Aug. 19), offering ...

Apple said it is increasing its investment in the U.S. by $100 billion, reaching a $600 billion projected investment over the next four years. That investment comes alongside its new ...

Indian digital payments provider PhonePe is reportedly planning to go public in an IPO. The Walmart-backed company is readying preliminary documents for an initial public offering (IPO) that could raise up ...

India’s government is denying rumors of new fees on the country’s popular instant payment system. “Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, ...

Bank fraud in India nearly tripled during 2024, according to the country’s central bank. In its annual report Thursday (May 29), the Reserve Bank of India (RBI) recorded 360 billion rupees ($4.2 billion) ...

India’s government has reportedly sent more than 400 notices to eCommerce platforms and retailers, asking them to remove “dark patterns” that deceive customers. Dark patterns are manipulative practices that include hidden ...

Uber reportedly plans to launch a B2B logistics service in India. The company will do so “soon” in partnership with an Indian government-backed nonprofit, the Open Network for Digital Commerce (ONDC), ...

United States smartphone shipments leaped 30% year over year in March as manufacturers raced to bring new inventory into the country ahead of the tariffs that were anticipated and then ...

Apple is reportedly considering price increases for its next iPhone models. However, the tech giant is committed to avoiding the appearance of blaming that price hike on U.S. tariffs on products from ...

Amazon invested Rs 350 crore (about $41 million) into Amazon Pay India, the Economic Times reported Friday (April 25), citing regulatory filing with the Registrar of Companies. Amazon Pay was the ...

Apple has reportedly accelerated its plan to source all its iPhones for the U.S. from India, in response to new U.S. tariffs. While the company previously planned to increasingly prioritize India-made ...

Apple has reportedly flown 600 tons of iPhones into the U.S. in an anti-tariff measure. The effort, which brought up to 1.5 million of Apple’s flagship smartphones into the country, came ...

Apple’s plans for dealing with the U.S. tariffs imposed on China — which is at the center of the company’s supply chain — reportedly include sending more iPhones made in ...

Paytm has received a show-cause notice from India’s financial crime-fighting agency. The notice pertains to an alleged violation of India’s Foreign Exchange Management Act, the FinTech said in a statement Saturday ...

Walmart is working with Indian AgriTech startup GreenPod Labs to pilot a solution that aims to keep produce fresh during as it moves through the supply chain. The solution may enable the retailer ...

India is reportedly set to see initial public offerings (IPOs) with a total value topping that of 2024, when the value of the country’s IPOs was the highest in Asia ...

The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered Paytm Payments Bank following warnings about ...

Last year’s regulatory troubles continue to haunt Indian FinTech Paytm. The company’s third-quarter earnings showed a 36% drop in revenue to 18.3 billion rupees (about $212 million), below the 19 billion ...

Microsoft said it will invest $3 billion to build cloud and artificial intelligence infrastructure in India over the next two years, aiming to help the country become an “AI-first nation.” The ...

The United States and India plan to build new collaboration around artificial intelligence (AI) via investments and protections involving the technology. These efforts were among several commitments to strengthen a strategic ...

BillMart Fintech and Eqaro Guarantees have partnered to offer guarantee solutions designed to build trust between lenders and businesses in the Indian trade finance ecosystem. With this collaboration, Eqaro’s guarantee products will ...

The world’s most populous country is also one of the most attractive for eCommerce investors. “It’s the tip of the spear of growth,” for that sector, EMQQ Global Founder Kevin Carter ...

It looks like Amazon wants to heat up competition in the delivery space against rival Walmart. Amazon is testing 15-minute grocery delivery in India as part of its push into the ...

Amazon is reportedly testing 15-minute-or-less grocery deliveries as it takes on Walmart in India. The eCommerce giant is joining a wave of “quick commerce” companies promising super-fast deliveries of products such ...

India’s central bank says the country is making mobile payment links with several countries. Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar discussed those connections while speaking to reporters Wednesday ...

London-based startup Fleek reportedly raised $20.4 million to expand its secondhand clothing platform. Fleek works with roughly 10,000 resellers and retailers in 70 countries, moving 2.5 million secondhand clothing items from ...

Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries. Speaking at a summit of BRICS ...

This week in artificial intelligence regulation finds China, India and the global banking sector grappling with the need for comprehensive AI regulation as the influence of technology grows. Experts emphasize ...

The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence (AI) ...

Trinidad and Tobago is working with a subsidiary of NPCI, the developer of India’s Unified Payments Interface (UPI), to implement a similar solution in the Caribbean nation. NPCI International Payments Ltd., a wholly ...

Indian eCommerce giant Flipkart is getting into the reCommerce business. The company on Wednesday (Sept. 25) introduced “Flipkart Reset for Business,” a mobile app designed to help small and big sellers of refurbished products across ...