Tag: Digital Payments
Sarvam AI Startup Programme Fuels Indic AI Builders
Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...
Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze
Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
Karnataka Now Accounts for 25.76% of India’s Cybercrime Cases
Karnataka, India’s technology hub, now accounts for 25.76% of all cybercrime cases registered nationwide, according to the Additional Director General of Police (Training). Speaking...
India Introduces Biometric UPI Payments with Face and Fingerprint Authentication
Facial Recognition and Fingerprint Verification to Replace PIN for Seamless Digital PaymentsIn a landmark move to strengthen digital payment security and convenience, India is...
HCLTech Finds AI Trust and Readiness Gaps in Payments Sector
HCLTech’s latest industry report reveals a paradox at the heart of the payments sector: while nearly every firm uses AI in some form, very...
₹40 Crore Fraud Hits MobiKwik After “Processing Glitch”
Fintech platform MobiKwik is once again under scrutiny after a major “processing glitch” triggered unauthorized payouts amounting to ₹40 crore. The company’s statement attributes...
ED Busts Global Cyber Scam, Seizes ₹2.83 Cr in Assets
India’s Enforcement Directorate has arrested a prime suspect behind a transnational cyber scam involving fake call centres that defrauded foreign nationals. The agency has...
RBI Asks Banks to Integrate DoT’s Fraud Risk Tool
The Reserve Bank of India (RBI) has issued an advisory asking all banks to integrate the Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator...
Govt, UPI Apps Join Hands to Tackle Payment Fraud
In a move to strengthen security across India’s booming digital payments ecosystem, the government is working with third-party UPI apps such as Google Pay,...
78% Prefer Platforms Without Convenience Fees
A recent national survey by LocalCircles has revealed that a significant majority of Indian consumers are routinely paying convenience fees while making purchases or...
ED Issues FEMA Notice to Paytm
Digital payments giant Paytm has received a show cause notice from the Enforcement Directorate (ED) over alleged violations of the Foreign Exchange Management Act...
Karnataka, SISA Sign ₹150 Cr MoU for Cybersecurity Innovation
The Karnataka government has signed a Memorandum of Understanding (MoU) worth ₹150 crore with SISA, a global leader in forensics-driven cybersecurity solutions, to advance...
Mastercard Aims for a Passwordless Future in Digital Payments Security
In response to the rising global threat of cybercrime, Mastercard has announced a bold initiative to revolutionize digital payment security. The company’s strategy focuses...
