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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.
While transaction failures continue to rise, some lenders are reluctant to upgrade their outdated digital infrastructure given the lack of incentives.
There is a brief moment of anxiety that everyone who makes payments using the Unified Payments Interface is accustomed to by now. It occurs as soon as you enter your PIN on a UPI-enabled app. What follows is the wait for the transaction to be approved—by the customer’s bank, the merchant’s bank, the app and the merchant’s payment partner.
Finally, the pop-up on your phone notifying that the payment has been successful brings relief.
No matter which bank or payment app we use, most of us have seen our UPI transactions fall through while money is still debited from our …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.
