FinTech
Digital Fraud Incidents Rising Since July: RBI Deputy Governor Highlights Banking Sector Challenges
Nov 07, 2025 10:11 pm CST
RBI Deputy Governor T Rabi Sankar reports an uptick in digital fraud incidents since July after a period of decline, urging banks to modernize core infrastructure to compete with fintechs. The report details shifting fraud patterns, banking vulnerabilities, and the potential impact of digital currencies on traditional banking models.
UPI Adoption in France Boosts Indian Tourism by 40%: Lyra Network Chairman Reveals Digital Payment Impact
Oct 10, 2025 04:17 pm CST
The implementation of India's UPI payment system across French tourist destinations has led to a 40% increase in Indian visitors, according to Lyra Network's Chairman Christophe Mariette. The familiar payment method offers enhanced security for travelers, showing exact expenses in rupees while supporting tourism growth. UPI will soon expand to luxury shopping destination Bicester Village, further strengthening the connection between India's fintech ecosystem and global retail.
Revolut Enters Indian Market with Digital Payment Platform, Targeting 20 Million Users by 2030
Oct 08, 2025 04:36 pm CST
London-based fintech giant Revolut is launching its payment platform in India through partnerships with UPI and Visa, investing £40 million to meet local data regulations. The company aims to acquire 20 million Indian customers by 2030 as part of its strategic global expansion, beginning with 350,000 waitlisted users later this year.
Finance Minister Sitharaman Warns of AI Deepfakes While Promoting India's FinTech Security Innovations
Oct 08, 2025 02:47 am CST
Finance Minister Nirmala Sitharaman addressed the Global FinTech Fest 2025, revealing she has been targeted by AI-generated deepfakes while highlighting India's technological advances in financial security. She discussed SEBI's new verification tools combating digital fraud and emphasized India's growing role in global AI development with initiatives like the $1.3 billion IndiaAI Mission, positioning the country as an emerging global hub for AI innovation.