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RBI enhances UPI Lite wallet limit to Rs 5,000

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant......

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to......

Digital payments in India to double to $7 tn by 2030

With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. Illustration:......

Big Tech in financial system poses concentration risk: Shaktikanta Das

The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI)......

RBI changes policy stance to open window for a rate cut

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to 'neutral'.......

Upi Lite

News for Upi Lite

RBI enhances UPI Lite wallet limit to Rs 5,000

Sitharaman asks fintechs to strengthen risk management to check AI misuse

Digital payments in India to double to $7 tn by 2030

Big Tech in financial system poses concentration risk: Shaktikanta Das

RBI changes policy stance to open window for a rate cut

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