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Interoperable Internet banking system that benefits merchants to go live in 2024: RBI Governor

At present, internet banking transactions are processed through payment aggregatorsMumbai: Reserve Bank Governor Shaktikanta Das on Monday said an interoperable system for Internet banking will be launched in 2024.At present, internet banking transactions are processed through payment aggregators (PA),...

Amazon Pay launches sign language video KYC service

The service enables two-way video communication in sign-language between Amazon Pay employees and customers Bengaluru: Online payments processing service Amazon Pay has launched a video sign language know your customer (KYC) service for its hearing and speech impaired customers, the company...

Digital payment via UPI spikes on person-to-merchant transaction growth: Report

The number of UPI transactions in January 2018 was 151 million, and it reached 9.3 billion in June 2023, primarily driven by the growth in P2M transactionsNew Delhi: Digital payment through Unified Payments Interface (UPI) has seen a multi-fold jump...

How laundromats are reinventing themselves

From adopting technology to improving efficiency and cost-effectiveness, to embracing sustainable practices for cleaner, operations, here’s what laundromats are doing to stay relevant and profitable By Arunabh SinhaNew Delhi: In recent years, technology has transformed different facets of our lives,...
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AI spending in India may triple to $5 bn by 2027: Report

AI spending in India is expected to increase to $5 billion with CAGR of 31.5%New Delhi: Spending on Artificial...
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