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From AI to DPI, Google unveils new initiatives for India market Tech giant Google on Thursday announced several key initiatives for the India market, including an open-source ‘AI Agent Framework,’ more local data storage options, a digital public infrastructure (DPI) model, clean energy partnerships and a new Google Safety Engineering Center (GSEC) in the country next year.  Roma Datta Chobey, Managing Director, Google India, said that as India embraces tech more deeply, Google’s engagement with the country too has deepened over ...
From AI to DPI, Google unveils new initiatives for India market
From AI to DPI, Google unveils new initiatives for India market
Source: IANS
2024-10-03 03:41:47 pm
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor  As the Unified Payments Interface (UPI) goes global, the US private banks might explore connecting with India’s unique digital payments solution, Federal Reserve Governor Christopher Waller said here on Wednesday, adding that cross-border payment interlinking is one of the key areas outlined in the G20 roadmap.  Speaking at the 'Global Fintech Fest' in the financial capital, he said the US does not have enough banks connected to make a full-service product but &ldq...
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor
Source: IANS
2024-08-28 02:14:05 pm
Rising Government capex fuelling surge in India`s physical & digital infra The Union Government has enhanced its capital expenditure on infrastructure projects such as roads, railways and airports from Rs 1.97 lakh crore (1.6 per cent of GDP) in FY2014-15 to Rs 11.1 lakh crore (3.4 per cent of GDP) in FY2024-25, according to credit rating agency Moody's report.  Consequently, India's infrastructure development has seen unprecedented progress over the past decade, driven by substantial capital spending from both government and private sectors. This tr...
Rising Government capex fuelling surge in India`s physical & digital infra
Rising Government capex fuelling surge in India`s physical & digital infra
Source: IANS
2024-08-28 01:44:42 pm
RBI constantly working on policies, platforms to make India`s financial system strong:Shaktikanta Das Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank is constantly working on devising policies, systems and platforms that will make the country’s financial sector stronger, nimble and customer-centric. He also said that the Unified Payments Interface (UPI) system has the potential to evolve into a cheaper and quicker alternative to the available channels of cross-border remittances and a beginning can be made with small value personal remittances as it c...
RBI constantly working on policies, platforms to make India`s financial system strong:Shaktikanta Das
RBI constantly working on policies, platforms to make India`s financial system strong:Shaktikanta Das
Source: Accord Fintech
2024-08-27 02:05:01 pm
India`s G20 task force report aims to boost Digital Public Infrastructure worldwide The final report of India’s G20 Task Force on Digital Public Infrastructure aimed at strengthening the foundations of DPI worldwide, especially the Global South, was released here on Monday   The work of this Task Force had led to the acceptance of the definition and framework of the Digital Public Infrastructure (DPI) during India’s G20 Presidency and will be taken forward for implementation during the Brazilian and South African Presidencies. The report will play a ke...
India`s G20 task force report aims to boost Digital Public Infrastructure worldwide
India`s G20 task force report aims to boost Digital Public Infrastructure worldwide
Source: IANS
2024-07-16 09:39:27 am
Global fintech industry sees robust 14 pc revenue growth, India shows the way  Despite significant shifts in funding and valuations, the global fintech industry saw a robust annual revenue growth of 14 per cent from 2021 to 2023, a report showed on Wednesday, adding that India is reaping the benefits of investment in digital public infrastructure (DPI). Governments, especially in countries such as Brazil and India, are reaping the benefits of investment in integrated DPI, spurring dramatic growth in digital payments and innovation on top, according to the repor...
Global fintech industry sees robust 14 pc revenue growth, India shows the way
Global fintech industry sees robust 14 pc revenue growth, India shows the way
Source: IANS
2024-06-26 11:45:48 am
India leading global fintech ecosystem thanks to UPI: PM Narendra Modi Driven by digital public infrastructure (DPI) models like unified payments interface (UPI), the country is now leading the global fintech ecosystem and several countries are ready to embrace the 'India Stack' solutions to empower the masses, Prime Minister Narendra Modi told IANS on Monday.  In an exclusive interaction at his official residence in the national capital, PM Modi said when he kicked off the 'Digital India' movement, opposition parties made allegations tha...
India leading global fintech ecosystem thanks to UPI: PM Narendra Modi
India leading global fintech ecosystem thanks to UPI: PM Narendra Modi
Source: IANS
2024-05-28 09:14:50 am
Global future will not be driven by big tech firms but by India`s digital public infrastructure: Amitabh Kant India's G-20 sherpa Amitabh Kant has said that the global future will not be driven by big technology firms but by the digital public infrastructure (DPI) platforms developed locally. He said India will transfer its DPI to the rest of the world, and already there are many examples of countries warming up to the same.  Kant stated that the DPI consists of the digital identity through Aadhaar, real time payment through the UPI platform and other services like account aggregator, and...
Global future will not be driven by big tech firms but by India`s digital public infrastructure: Amitabh Kant
Global future will not be driven by big tech firms but by India`s digital public infrastructure: Amitabh Kant
Source: Accord Fintech
2024-04-19 12:38:10 pm
Homegrown products built on DPI to propel India towards $5 trillion economy: Experts Homegrown solutions and products built on top of the digital public infrastructure (DPI) by young entrepreneurs will pave the path towards India becoming a $5 trillion economy, industry experts said on Sunday. With successful mass adoption and larger economic impact, DPIs are impacting approximately 1.3 billion citizens, covering 97 per cent of India's population. The matured DPIs enabled a value creation of $31.8 billion, equivalent to 0.9 per cent of India's GDP in 2022, accor...
Homegrown products built on DPI to propel India towards $5 trillion economy: Experts
Homegrown products built on DPI to propel India towards $5 trillion economy: Experts
Source: IANS
2024-03-31 03:38:39 pm