For years, India’s UPI has been celebrated as a global fintech marvel. From street-side chai stalls to roadside fruit carts, even the smallest vendors were proudly displaying QR codes showing how deeply digital payments had penetrated daily life. Foreign delegates praised it, tech leaders studied it, and citizens embraced the...
India is now recognized as a significant and rapidly expanding digital market globally. Digitalization has stimulated the rise of industries like e-commerce and the creation of cutting-edge technologies, including artificial intelligence. These developments have led to a surge in new digital consumers. For example, about 70% of all Indian Internet...
Embedded Finance has created a revolution like no other in the world of digital banking and payments. It is essentially defined as the integration of financial services like lending, payment processing for non-financial businesses without the need to redirect to traditional financial institutions (banks). India Business and Trade spoke with...
The Indian healthcare industry is worth around US$ 372 billion and is experiencing a digital transformation, with data and Artificial Intelligence (AI) expected to contribute US$ 25-30 billion to India’s GDP by 2025. AI has the ability to completely change the way healthcare is provided by advancing diagnoses, better treatment...
The RBI’s Monetary Policy Committee (MPC) announced its decision to maintain the policy repo rate at 6.5%. The unchanged policy repo rate benefits businesses with cheaper borrowing, stimulating investment and driving economic growth. This article takes a look at key announcements made by the Central Bank. Image Source: PTI RBI...
The Ministry of Electronics and Information Technology (MeitY) notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2023 on April 6, with some key provisions pertaining to online gaming and misinformation. The regulations are expected to provide a stable growth trajectory to the industry, thereby making...
Given the evolutionary nature of 5G networks, India needs to ensure rapid rollout of the technology to avoid being caught on the wrong end of the digital divide. But is India truly ready? Sanjeev Nikore, Former President, Strategic Initiatives at Tech Mahindra & CEO, Strategies2Scale and Mitali Nikore, Founder Nikore...
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