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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
India’s digital payments story has been a runaway success—but a double-edged one. Alongside instant, frictionless transactions, powered by the ubiquity of UPI and zero-cost transfers, is a quieter, more troubling rise in digital fraud. Scams often exploit the very speed and irreversibility that make modern payments so convenient.
The mismatch is becoming hard to ignore. As an analyst at a financial services company puts it: “This simply shows that we have 21st century payments with 19th century police.” The checks and balances governing digital payments haven’t kept pace with the systems themselves.
That could now begin to change. The Reserve …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
