India
🐘 India🇮🇳: OpenAI, fintech Razorpay, and the National Payments Corporation (NPCI) launch UPI payments directly within ChatGPT Paid Members Public
🐘 India🇮🇳: OpenAI, fintech Razorpay, and the National Payments Corporation (NPCI) launch UPI payments directly within ChatGPT The AI-powered solution, called “Agentic Payments”, marks a major step forward in financial automation. The project is currently in its pilot phase. ➡️ Key features: 👍 Conversational interface for conducting digital transactions. 👍 Reduced risk of human
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 Paid Members Public
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 India’s payment market continues to demonstrate strong momentum and innovation. ➡️ For transactions of up to ₹5,000 ($56 USD), biometric verification —facial recognition and fingerprint scans— will replace traditional PIN codes. However, regulators have indicated that
🤩 India🇮🇳: Regulator bans 25 crypto exchanges for AML non-compliance Paid Members Public
🤩 India🇮🇳: Regulator bans 25 crypto exchanges for AML non-compliance Anti-money laundering measures targeting offshore platforms are being enforced amid the tightening political stance of Indian authorities. ➡️ Although India still lacks a comprehensive framework for digital assets, the Ministry of Finance in March 2023extended the scope of the Prevention of Money
🐘 India 🇮🇳: WhatsApp introduces QR code payments in Business App Paid Members Public
🐘 India 🇮🇳: WhatsApp introduces QR code payments in Business App The new feature, powered by the Unified Payments Interface (UPI), is designed for small businesses and enables QR code transactions for in-app purchases directly on WhatsApp, using the customer’s preferred payment method. ▶️Regional exclusivity: India is currently the only market
🐘India🇮🇳: the nationwide ban on all real-money online games (including poker, betting, and fantasy sports) threatens not only the gaming industry but also the sports sector Paid Members Public
🐘India🇮🇳: the nationwide ban on all real-money online games (including poker, betting, and fantasy sports) threatens not only the gaming industry but also the sports sector In August, Indian lawmakers passed the “Online Gaming Promotion and Regulation Act,” which prohibits banks and payment providers from processing transactions related to real-money
😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots Paid Members Public
😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots The new regulation aims to criminalize operators, advertisers, and financial intermediaries linked to gambling. Ministers have attempted to distinguish gambling from e-sports and casual games, albeit with caveats. ▶️The bill defines “real-money online game” as any digital game requiring a
🐘India🇮🇳: Central Bank grants Paytm preliminary approval to operate as an online payment aggregator Paid Members Public
🐘India🇮🇳: Central Bank grants Paytm preliminary approval to operate as an online payment aggregator This is an intermediate stage requiring the company to align its operations with current regulatory standards. Paytm has 6 months to obtain final approval. ▶️As part of the process, the Central Bank will conduct a comprehensive
😵 Terror and scandal in Telangana🇮🇳: Paytm accused of distributing illegal gambling apps MPL Cards and MPL Rummy Paid Members Public
😵 Terror and scandal in Telangana🇮🇳: Paytm accused of distributing illegal gambling apps MPL Cards and MPL Rummy Authorities in the Indian state of Telangana have launched criminal proceedings against payment platform Paytm and its parent company, One97 Communications, for allegedly distributing unauthorized APK files linked to illegal gambling apps. ➡️The