Interface Financial News

Irdai's decision to implement ASBA facility for insurance premium payment will benefit customers by eliminating unauthorised deductions and delayed refunds, say experts. Insurance Regulatory and Development Authority of India (Irdai) has directed life and health insurers to provide Bima-ASBA, a facility wherein a policyholder blocks the amount towards premium in his or her bank account which gets debited only when the policy is issued.

Google Pay, one of the leading Unified Interface Payments (UPI) platforms, has introduced a convenience fee for bill payments, such as those for electricity and cooking gas, charging customers who have hitherto been using the avenue for free when making low-value transactions. To be sure, the charges apply to payments made with credit and debit cards, with fees ranging from 0.5% to 1% of the transaction value, plus the applicable goods and services tax (GST).

IRDAI) has allowed policyholders to set aside funds for premiums through a new payment mechanism called Bima-ASBA (Applications Supported by Blocked Amount) via Unified Payments Interface (UPI).

Subscribe to enjoy similar stories. New Delhi: The Union government plans to launch a Grameen Credit Score system within six months, mirroring the MSME credit framework, to boost formal lending to farmers, self-employed individuals, and self-help groups (SHGs), two people familiar with the matter toldMint.

artificial intelligence (AI), organisations are scrambling to implement the technology in their business processes and service delivery frameworks to improve efficiency and enhance citizen experiences.

Subscribe to enjoy similar stories. Mint TechTalk newsletter’s AI Tool of the Week is about designing and creating app prototypes with ChatGPT code rendering. Traditional coding workflows involve juggling multiple tools for writing, debugging, and testing code.

Sports Interactive (SI) has announced that makers have now shifted their focus to FM26 instead of FM25. The FM26 will be released in November. An apology was issued to fans by SI, a subsidiary of the gaming company Sega after making the “difficult decision” to cancel the game because of multiple technical glitches.

Subscribe to enjoy similar stories. At first glance, you wouldn’t be penalized for wondering if the Samsung Galaxy S25 Ultra was actually its predecessor, the S24 Ultra. Barring a few minute differences that only a closer look will reveal, the latest flagship from the house of Samsung veers too close to what the company had already showcased last year.

Subscribe to enjoy similar stories. Whether US President Donald Trump can bend America’s central bank to his will has been a subject of feverish global speculation.

Subscribe to enjoy similar stories. When Ram learnt that his parents were attempting to transfer ₹10 lakh to his US bank account after selling a plot of land in India,he was not particularly pleased. The computer engineer working in the US knew that the simple gesture could turn into a logistical nightmare.

Ather Energy Limited on Thursday said it has rolled out a multi-language dashboard interface for its family scooter Rizta. The scooter's dashboard will now support eight regional languages — Hindi, Marathi, Gujarati, Bengali, Tamil, Telugu, Malayalam, and Kannada, enhancing the overall riding experience, the company said.

Subscribe to enjoy similar stories. For S Anand, managing household expenses for her ageing parents had always been a challenge. Her father, a senior citizen, often hesitated to make digital payments himself, worried about entering incorrect details or navigating complex UPI interfaces.

Subscribe to enjoy similar stories. The year 2025 is likely to challenge deeply held business assumptions. The pace of change, driven by technology, geopolitical dynamics and evolving societal priorities, will ensure that uncertainty is the only constant.

Subscribe to enjoy similar stories. The government’s efforts to reduce tax-dispute litigation, especially for small taxpayers, have fallen short even after measures proposed in the previous four budgets. Some of these measures include faceless assessment schemes, Vivad Se Vishwas, appointment of joint commissioners at base appellate level for small-value appeals, and reduced timelines for reopening of past assessments.

CES in Las Vegas provides an annual preview of high-tech attractions headed for the car world

Elon Musk said a third person has received an implant from his brain-computer interface company Neuralink, one of many groups working to connect the nervous system to machines.

Subscribe to enjoy similar stories. That successful online aggregators would loom ever larger over the small suppliers enrolled on their platforms was obvious all along. Equally foreseeable was how this would tilt power equations in favour of any big consumer interface, whose potential role as a market gateway was a big draw for its investors in the first place.

Neuralink Corp., the brain-computer interface company founded by Elon Musk, has successfully implanted its device in a third human patient and plans 20 to 30 more procedures in 2025, Musk announced this week. “We’ve got now three humans with Neuralinks implanted and they’re all working well,” Musk said during an event in Las Vegas, streamed on X, his social media platform, according to Bloomberg. In the U.S., Neuralink has implanted its device in two patients so far. The first recipient has been able to play video games, browse the internet, post on social media, and move a laptop cursor using his mind.

Subscribe to enjoy similar stories. When times are brimming with hope, options and changing consumer expectations, the only way for brands to stay relevant is by becoming consumer-focused and dipping into the innermost desires of customers. Desire is an emotional force deeply rooted in the human psyche; the same vigour drives discoveries and inventions and fuels breakthroughs.

Vivifi Finance to run a pilot project to offer unsecured loans to gig workers, two people with the knowledge said.

Reserve Bank Innovation Hub, or RBIH, has approached several data-rich aggregators including Namma Yatri, Rapido, Swiggy and Zomato along with farmers’ collectives such as Amul for building the ambitious Unified Lending Interface (ULI) platform, its chief executive Rajesh Bansal told ET. The Reserve Bank of India’s innovation arm is also exploring collaboration with the likes of Google Pay on the insights that can be derived from data sharing on UPI transactions and warehouse deposit receipt data, Bansal said. Discussions are also ongoing with the Open Network on Digital Commerce (ONDC), PM Gati Shakti, Unified Geospatial Interface and E-Vahan, he added. The ULI platform will enable consent-based transfer of customers’ digitised financial and non-financial data, including land records, from various sources to lenders, accelerating credit appraisals.