Digital Technology

In a strategic move to accelerate its artificial intelligence (AI) capabilities, Paytm has partnered with U.S.-based AI infrastructure firm Groq to integrate real-time, low-latency computing into its payments and financial services ecosystem. This collaboration will leverage Groq’s advanced Language Processing Unit (LPU) technology to enhance transaction efficiency, fraud detection, and customer insights.

The upcoming Rajasthan DigiFest 2025 is set to position the state as a rising hub for innovation and entrepreneurship, drawing participation from over 30 countries. The event, which aims to foster collaboration between startups, investors, and policymakers, will showcase India’s growing digital ecosystem and Rajasthan’s expanding role in the global startup network.

India’s financial ecosystem is undergoing a transformative shift, as revealed in the Reserve Bank of India’s (RBI) 2024 report on digital payments. The data underscores a dramatic surge in cashless transactions, driven by expanding fintech adoption, robust infrastructure, and government-backed digital initiatives. Unified Payments Interface (UPI) remains the cornerstone of this growth, registering record volumes, while card-based and prepaid instruments continue to gain traction.

Unified Payments Interface (UPI) now processes approximately 85% of all digital transactions in India, solidifying its position as the backbone of the nation's digital payment ecosystem. Reserve Bank of India (RBI) Governor Sanjay Malhotra highlighted this achievement, emphasizing the role of Digital Public Platforms (DPPs) in fostering inclusive, secure, and scalable financial systems. This milestone underscores India's leadership in digital financial inclusion and showcases the effectiveness of its homegrown payment infrastructure.

In a landmark move for digital finance, NPCI International Payments Ltd. (NIPL), the global arm of India’s National Payments Corporation, has signed a Memorandum of Understanding (MoU) with Japan’s NTT DATA to introduce Unified Payments Interface (UPI) acceptance across Japanese merchants. The collaboration aims to enable Indian tourists and business travellers to make seamless payments using UPI-powered apps, while supporting Japan’s ongoing transition to a cashless economy.

Kiwi, a pioneering fintech platform, has introduced an innovative Interest-Back EMI option for UPI transactions, aimed at making everyday purchases more affordable for consumers. The new feature allows users to convert payments into flexible EMIs while earning interest cashback on timely repayments, effectively reducing the cost of short-term borrowing. Designed for digital-savvy customers seeking financial flexibility, this offering leverages the ubiquity of UPI and Kiwi’s data-driven approach to consumer finance.

In a major step to strengthen India’s digital payments ecosystem, the National Payments Corporation of India (NPCI) has announced higher transaction limits for Unified Payments Interface (UPI) transactions effective September 15, 2025. The revised norms will allow users to make single payments of up to Rs. 5,00,000 and daily payments up to Rs. 10,00,000 in specified categories such as insurance, capital markets, loan repayments, and travel. Person-to-Person transfers remain capped at Rs. 1,00,000 per day.

Fiji’s Prime Minister recently visited the Unique Identification Authority of India (UIDAI) to gain first-hand insights into India’s world-renowned Aadhaar digital identity program. The visit highlights growing global interest in India’s digital governance model, which has become a benchmark for inclusive financial systems, efficient public service delivery, and large-scale identity management.

In a strategic move to strengthen digital financial inclusion, L&T Finance has partnered with Google Pay to offer personal loans through the fintech giant’s platform. The initiative reflects the growing convergence between traditional financial institutions and digital payment ecosystems, aiming to reach a broader customer base with quick, paperless lending solutions. By leveraging Google Pay’s expansive user network and L&T Finance’s expertise in credit delivery, the partnership seeks to simplify access to credit, particularly for young professionals and small-business owners.

In a bold strategic shift, Paytm has unveiled an “AI-first” vision aimed at redefining India’s digital payments and financial services landscape. The company, a pioneer in mobile payments, plans to embed artificial intelligence at the core of its product development, user engagement, and operational framework. This pivot not only underscores Paytm’s ambition to sharpen competitiveness in an evolving fintech ecosystem but also signals a deeper commitment to enhancing customer experience, compliance, and efficiency.