#CrossBorderPayments

AI amplifies systemic risk to financial sector, says India’s Reserve Bank boss

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October 14, 2024 at 11:51PM India’s Reserve Bank Governor, Shri Shaktikanta Das, cautioned that while AI offers financial growth opportunities, it also poses systemic risks and concentration concerns in the financial sector. He emphasized the importance of risk mitigation measures for banks and highlighted the need for improved cross-border payment systems and vigilance against misinformation … Read more

Google Pay app shutting down in US, users have till June to move fund

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February 23, 2024 at 01:53PM Google is ending its standalone Pay app in the U.S., prompting users to transfer funds by June 4. The app, with over a billion downloads, will cease peer-to-peer payments in the U.S. The company advises users to switch to Wallet, offering broader digital wallet features. Cross-border transfers to India and … Read more