Apple is preparing to launch Apple Pay in India in partnership with Mumbai-based Axis Bank, Reuters reported Friday (Sept. 18), citing unnamed sources. Axis Bank is the first lender in India to partner with Apple on Apple Pay, according to the report. Apple plans to...
For six years, India’s United Payments Interface (UPI) has been free for everyone involved, but that’s reportedly about to change. Reuters reported Wednesday (Sept. 16) that India is set to begin charging merchants a 0.4% fee on transactions of more than 2,000 rupees ($21), known as the merchant discount...
FinTech startup Navi is preparing to launch its initial public offering in India and will seek a valuation of as much as $2 billion, Bloomberg reported Thursday (Aug. 13), citing unnamed sources. Navi aims to raise as much as 30 billion rupees (about $315 million)...
Bank of America agreed to acquire as much as a 49.9% interest as a joint venture partner in Jio Financial Services Limited’s nonbank financial company lending subsidiary, Jio Credit Limited (JCL), according to a Wednesday (Aug. 12) press release. The transaction initially gives Bank of...
January 19, 2026
With U.S.-based companies like Visa, Mastercard, Microsoft and AWS leading the Prompt Economy’s development, it’s understandable to see agentic AI from a Western lens. But it’s not an inclusive one. The rest of the world — especially the Middle East — is taking notice. In fact, a Jan. 15 article published by the World Economic […]
December 13, 2024
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...
October 16, 2024
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...
January 09, 2024
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and...
October 18, 2026
Indian consumers are reportedly increasing their cash usage ahead of new fees on the country’s popular digital payment system. Beginning next month, the United Payments Interface (UPI) system will apply a small fee on all transactions greater than 2,000 rupees, or around $21. But as the Financial Times (FT) reported Sunday (Oct. 18), that change […]
September 18, 2026
Apple is preparing to launch Apple Pay in India in partnership with Mumbai-based Axis Bank, Reuters reported Friday (Sept. 18), citing unnamed sources. Axis Bank is the first lender in...
September 16, 2026
For six years, India’s United Payments Interface (UPI) has been free for everyone involved, but that’s reportedly about to change. Reuters reported Wednesday (Sept. 16) that India is set to begin charging merchants...
August 13, 2026
FinTech startup Navi is preparing to launch its initial public offering in India and will seek a valuation of as much as $2 billion, Bloomberg reported Thursday (Aug. 13), citing...
