Global Fintech Fest: FM launches foreign currency settlement system; India accounts for ‘half of world’s real-time digital transactions’

Union finance minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT city on Tuesday, at the sixth Global Fintech Fest in Mumbai. With this, the GIFT IFSC has joined a select group of international financial centres that can settle foreign currency transactions locally.At the event, the FM also highlighted that India […]

RBI overhauls digital payment security: New risk-based authentication for safer transactions – Here’s all you need to know

India’s digital payments ecosystem is set for a major security overhaul as the Reserve Bank of India (RBI) introduces new authentication guidelines, effective April 2026. The new framework will require banks to adopt a risk-based model for verifying transactions — a move aimed at strengthening fraud prevention while keeping the payment experience smooth for users.Under […]

Hotfoot Technologies Powers Jana Small Finance Bank’s Digital Transformation with Launch of Used Car Loan Origination Platform

Jana Small Finance Bank (Jana SFB) and Hotfoot Technology Solutions today announced the successful launch of Jana SFB’s Used Car Loan Origination System, powered by Hotfoot’s flagship Rapid.ai LOS Platform. This important milestone marks a new era in Jana SFB’s digital transformation, delivering a seamless, end-to-end digital journey for customers seeking affordable pre-owned vehicle […]

TRAI releases recommendations on digital radio broadcast policy for private broadcasters, ETLegalWorld

New Delhi, The Telecom Regulatory Authority of India (TRAI) on Friday released recommendations for a digital radio broadcast policy for private broadcasters. The guidelines include terms, conditions, and reserve prices for launching digital radio broadcasting services in four “A+” category cities — Delhi, Mumbai, Kolkata, and Chennai — and nine “A” cities: Hyderabad, Bengaluru, Ahmedabad, […]

QNB Group Receives Saudi Central Bank "SAMA" License Approval for a New Digital Bank "ezbank"

Business Wire India Introducing a new model of customer-centric banking built around innovation, efficiency, and accessibility. Providing innovative solutions for the youth and entrepreneurs.   QNB Group, the largest financial institution in the Middle East and Africa, announced the license approval has been received for a digital-first banking entity, ezbank, from the Saudi Central Bank […]

NIQ's State of Beauty 2025: Beauty Breaks Boundaries with 10% Growth, Digital Surge & Wellness Shift

Business Wire India Beauty sales have grown by 10% in the past 12 months, outpacing previous performance   Online beauty sales are growing 9x faster than in-store, with North America (+21%), Asia Pacific (+20%), and Europe (+10%) all seeing double-digit online growth.   “Tweakments,” are reshaping traditional skincare routines – Thirty-five percent of US respondents […]