The RBI has launched four digital payment initiatives at the Global Fintech Fest to enhance customer convenience. These include AI-based UPI HELP for payment assistance and dispute resolution, and IoT Payments for transactions from connected devices. Additionally, ‘Banking Connect’ offers interoperable net banking, and ‘UPI Reserve Pay’ allows users to manage credit limits for specific purposes.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj