[ad_1] The bankās response was, however, not satisfactory. He was told that the CVV or card verification value wasnāt validated because his card was tokenised. As per the card network’s guidelines, CVVāa three-digit number given on the back of debit and credit cardsāis no longer required to validate tokenised card payments, the bank said. Card…
[ad_1] Plastic cards are becoming passĆ© with QR (quick response) codes that are scanned by using smartphones becoming the āgo-to thingā for most people who use it to make payments on the UPI (Unified Payments Interface) platform. This digital transformation happened in just about four years. But how about moving on to fingerprints and facial…
[ad_1] As part of its test run, it launched two kinds of CBDC in late 2022: a CBDC-W (wholesale) for settlement of secondary market transactions and a CBDC-R (retail) to be used as a digital version of fiat money. This is a sovereign currency.Ā While money transferred through digital platforms such as UPI is a…
[ad_1] The first approach emphasizes creating AI solutions tailored to local needs, driving immediate societal impact and economic growth. The second is long-drawn, as it requires investing in foundational models that can support a wide range of AI applications, ensuring long-term sustainability and global competitiveness. To achieve progress on both AI tracks, one thing is…
[ad_1] The National Payments Corporation of Indiaās (NPCI) āPre-sanctioned Credit Line at Banks through UPI (Unified Payments Interface)ā would work more like a credit card without the plastic card actually in place. The credit line allows individuals and businesses to access pre-sanctioned credit lines or loans from banks that are linked to their UPI accounts….
