Home Education & Tech
Category:

Education & Tech

India AI Impact Summit 2026

The Government of India is aiming to announce “at least fifteen” tangible outcomes at the upcoming India AI Impact Summit 2026, scheduled to be held from February 16 to 20 in New Delhi. A senior official from the Ministry of Electronics and Information Technology (MeitY) said the summit has been designed to move beyond discussions and produce measurable deliverables.

The event, expected to be one of the largest global gatherings focused on artificial intelligence, will see participation from representatives of more than 100 countries. Heads of state or government from Brazil, France, Spain, Greece, Estonia, Finland, Croatia, Switzerland and Slovakia are among those expected to attend.

Focus on Deliverables

According to Abhishek Singh, Additional Secretary at MeitY, the summit has been structured with a clear emphasis on outcomes.

“When we started planning the summit, we got a clear direction from our honourable Prime Minister that this should not be only a ‘talking shop’ wherein experts come and give lectures on all the subjects and nothing happens,” Mr. Singh said in a video released by the Ministry this week.

He added that the government was focused on ensuring tangible deliverables. “The final deliverables will be announced at the summit, but there will be at least fifteen concrete ones,” he said.

Officials have not yet disclosed the full list of outcomes, but they indicated that the announcements will span multiple sectors linked to artificial intelligence development, governance and infrastructure.

Large-Scale Global Participation

The summit will be hosted at Bharat Mandapam, the exposition centre that hosted the G20 Summit. The government has made arrangements to accommodate more than 1.5 lakh visitors, and officials indicated that attendance could match or even exceed the turnout recorded during the 2023 G20 event.

Authorities have announced traffic restrictions in areas surrounding the venue due to the expected large crowds. Officials also stated that summit passes were oversubscribed, reflecting strong interest from international delegates, industry leaders and researchers.

Entry into Pax Silica Initiative

One confirmed outcome of the summit is India’s entry into the US-led Pax Silica initiative. The alliance aims to strengthen resilient and secure electronics supply chains among participating countries.

India’s participation in Pax Silica is expected to align with its broader strategy to enhance semiconductor manufacturing, electronics production and supply chain security. Officials view this move as complementary to domestic initiatives promoting electronics manufacturing and digital infrastructure.

AI Governance and Multistakeholder Approach

It remains unclear whether the summit will result in the creation of a new multilateral body focused on artificial intelligence governance and ethics.

In an interview with The Hindu, MeitY Secretary S. Krishnan said that the formation of a formal international organisation similar to the International Solar Alliance is uncertain. “Whether there will be another international body like the International Solar Alliance, I don’t really know. We may not do it as a regular body,” he said.

This position aligns with India’s current multistakeholder approach to AI governance. Rather than establishing a centralised regulatory body, India has encouraged collaboration between academic institutions, research bodies and industry stakeholders.

India’s AI Safety Institute, for instance, has been launched as a virtual network of researchers from Indian Institutes of Technology and other universities. The model mirrors approaches adopted in several other countries, where AI Safety Institutes are either newly established or designated from existing research institutions.

Strategic Context

The summit comes at a time when governments worldwide are grappling with the economic, ethical and security implications of artificial intelligence. Issues such as AI safety standards, cross-border data governance, semiconductor supply chains and responsible innovation remain central to international discussions.

India has positioned itself as a key stakeholder in global AI conversations, emphasising both technological advancement and inclusive development. The scale of participation at the summit reflects growing global interest in collaborative approaches to AI governance and infrastructure.

Whether the announced outcomes will lead to long-term institutional frameworks or remain project-based initiatives will likely become clearer after the summit concludes.

For now, the government’s stated objective is to ensure that the event produces measurable, implementable results rather than remaining limited to policy dialogue.

0 comment
0 FacebookTwitterPinterestEmail
World Wetlands Day 2026

The world observes World Wetlands Day on 2 February 2026, India has reaffirmed its commitment to wetland conservation by designating two new Wetlands of International Importance under the Ramsar Convention. The newly added sites are Patna Bird Sanctuary in Uttar Pradesh and Chhari-Dhand in Gujarat’s Kutch region. With this announcement, India’s Ramsar network now comprises 98 sites, covering approximately 13.6 lakh hectares (1.36 million hectares).
The timing of the designation aligns with World Wetlands Day, which commemorates the signing of the Ramsar Convention in 1971. Beyond symbolism, the move draws attention to the ecological, economic, and social importance of wetlands, while also highlighting the growing pressures they face from urbanisation, climate change, and land-use conversion.
Wetlands and their ecological importance
Wetlands play a critical role in maintaining ecological balance. Often described as “nature’s kidneys,” they help filter pollutants, regulate water flows, recharge groundwater, mitigate floods, and support high levels of biodiversity. Wetlands also contribute to livelihoods through agriculture, fisheries, and tourism, and act as buffers against climate extremes.
Despite their importance, wetlands are among the fastest-declining ecosystems in India and globally. Rapid urban expansion, infrastructure development, pollution, and changes in land use have resulted in the loss or degradation of many wetlands, even as international recognition has increased.
India and the Ramsar Convention
The Ramsar Convention on Wetlands, adopted on 2 February 1971 in Ramsar, Iran, is one of the earliest international environmental agreements focused on ecosystem conservation. It introduced the principle of “wise use,” aiming to balance conservation with sustainable human activities.
India was an early participant in the Convention. During its formative years, Prime Minister Indira Gandhi deputed noted ornithologist Dr Salim Ali to represent India, reflecting early recognition of habitat conservation as central to biodiversity protection. India designated its first Ramsar site, Chilika Lake in Odisha, in 1981. The lagoon remains one of the country’s most significant wetlands, supporting migratory birds, fisheries-based livelihoods, and unique species such as the Irrawaddy dolphin.
For a country facing increasing water stress, erratic monsoons, groundwater depletion, and climate-related risks, wetlands have become essential components of water security and climate resilience strategies.
The newly designated wetlands
The two new Ramsar sites represent different ecological settings within India’s wetland landscape.
Patna Bird Sanctuary, located in Uttar Pradesh’s Etah district, covers just over 108 hectares. Despite its relatively small size, it serves as an important wintering ground for tens of thousands of migratory waterbirds, including rare and threatened species. The wetland also supports aquatic biodiversity and contributes to local hydrological processes such as nutrient cycling and groundwater recharge.
Chhari-Dhand, situated in the Kutch region of Gujarat, is a seasonal marshland forming part of a semi-arid ecosystem. It supports grassland and aquatic habitats that sustain migratory birds, mammals, amphibians, and reptiles. The wetland also contributes to the resilience of the wider Banni grasslands ecosystem. Its inclusion reflects growing recognition of the ecological value of seasonal and semi-arid wetlands, which are often overlooked in conservation planning.
Together, the two sites underline a broader policy shift towards recognising wetlands based on ecological function and resilience rather than size or permanence alone.
State-level patterns and ongoing challenges
Within India, Tamil Nadu currently has the highest number of Ramsar sites, with 20 designated wetlands. These include coastal lagoons, estuaries, freshwater lakes, and bird sanctuaries, many of which support dense human populations and livelihoods. The state’s experience highlights the role of sustained administrative focus and scientific input in expanding wetland protection.
However, the broader national picture remains challenging. Thousands of wetlands remain unrecognised and vulnerable. Urban wetlands, in particular, face severe pressures from encroachment, sewage inflows, and real estate development. The loss of urban wetlands has contributed to recurring floods, water scarcity, and environmental degradation in several Indian cities.
The Wetlands (Conservation and Management) Rules, 2017 provide a regulatory framework for wetland protection, but gaps in implementation persist. Limited enforcement capacity, fragmented institutional responsibilities, and insufficient community participation continue to constrain effective conservation. Ramsar designation, while important, does not automatically ensure protection without robust governance at the local level.
Beyond designation
Experience from existing Ramsar sites illustrates the gap between recognition and long-term protection. Wetlands such as Deepor Beel in Assam, Vembanad-Kol in Kerala, and the East Kolkata Wetlands continue to face pressures from encroachment, pollution, and infrastructure expansion despite international recognition.
Experts have consistently emphasised that wetlands must be managed as part of broader hydrological and ecological systems rather than as isolated sites. This requires coordinated action across government levels, long-term ecological monitoring, and stronger accountability mechanisms. Community participation is also critical, as local stakeholders often play a central role in sustaining wetland ecosystems.
A moment for reflection and action
The addition of Patna Bird Sanctuary and Chhari-Dhand marks another milestone in India’s engagement with the Ramsar Convention. At the same time, it highlights the need to move beyond symbolic recognition towards sustained protection, scientific management, and inclusive governance.
As climate risks and water insecurity intensify, wetlands are increasingly recognised as essential natural infrastructure. On World Wetlands Day 2026, India’s expanding Ramsar network serves as both an achievement and a reminder that safeguarding wetlands is fundamental to the country’s ecological resilience and long-term development.

0 comment
0 FacebookTwitterPinterestEmail

New Delhi | European Council President António Costa on Tuesday recalled his deep personal connection with India, saying the landmark India-European Union Free Trade Agreement (FTA) holds “special meaning” for him due to his Indian roots.

Speaking at a joint press conference with Prime Minister Narendra Modi and European Commission President Ursula von der Leyen, Costa revealed that he is an Overseas Citizen of India (OCI) and proudly traces his family origins to Goa.

“I am the President of the European Council but I am also an overseas Indian citizen. For me, it has a special meaning. I am very proud of my roots in Goa, where my father’s family came from. The connection between Europe and India is something personal to me,” Costa said, while displaying his OCI card.

Calling the moment historic, he said the agreement marks a new chapter in India-EU relations across trade, security, and people-to-people ties. Costa also recalled that the trade negotiations were relaunched during the India-EU Leaders’ Meeting in May 2021, which he hosted in his previous role.

Costa has earlier spoken publicly about his Indian heritage. Addressing a Pravasi Bharatiya Divas event in 2017, he said his family hailed from Madgaon in Goa and that he still has relatives there.

Earlier in the day, India and the European Union formally sealed the long-awaited FTA, described as the “mother of all deals,” alongside two major agreements on security and defence cooperation and the mobility of Indian professionals to Europe.

The two sides also adopted a joint strategy document titled ‘Towards 2030 – A Joint India-European Union Comprehensive Strategic Agenda,’ aimed at deepening bilateral cooperation over the next decade.

Short Summary

European Council President António Costa recalled his Goan roots and OCI status as India and the EU sealed a historic free trade agreement in New Delhi.

0 comment
0 FacebookTwitterPinterestEmail

𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶. The third Environmental Citizen Award ceremony, organized by the World Environment Council (WEC), was held with great dignity and success at the India International Centre (IIC) on January 25, 2026. The event, which ran from 10 AM to 1 PM, was attended by environmentalists, policymakers, social activists, academicians, youth representatives, media personnel, and corporate representatives from India and abroad.
The team sent by His Holiness Swami Chidanand Saraswati Ji Maharaj, the chief guest, added a spiritual and grand touch to the program with the chanting of mantras during the lamp lighting ceremony, making the entire event even more dignified. The special guests included Tara Nath Adhikari (Minister – Economic, Embassy of Nepal), O.P. Rajpurohit (IBS(R), Doordarshan, New Delhi), Dr. Mannu Singh Tomar (National President, Bharatiya Namo Sangh), Mahamandaleshwar 1008 Disha Ji Maharaj, Mahamandaleshwar 1008 Ananta Ji Maharaj Prayagraj, and Gaurav Tiwari, Mamta Singh, Chief Editor, Sakriya Bharat News.
On behalf of the WEC Board of Directors, Prof. Ganesh Channa (Founder and President), Dr. Srikanth Merguna (Secretary), and Anmol Sharma (Executive Member), Aditya Channa, Rahul Gardas, and Chandrakant Yadwad led the event and highlighted the organization’s visionary initiatives related to environmental protection.
Awards Presented : The ceremony honored individuals and institutions for their remarkable contributions in the fields of environment, sustainable development, education, policy, media, innovation, and youth leadership in various categories.
The Paryavaran Bhushan Award was presented to Dr. Vijay Kumar Shah.
The Paryavaran Shri Award was given to His Holiness Swami Chidanand Saraswati Ji Maharaj and Sonam Wangchuk Lepcha.

The Global Environmental Leader Award was presented to Dr. Shobha Sondhia and Bindu N. S. Corporate Environmental Excellence Award was presented to Capri Global Capital Limited, Ansh Mirchandani (Airmark Inc.), and Turbo Energy Private Limited.

In addition, dozens of individuals and organizations were honored in various categories including Sustainability Business Excellence, Green Education and Awareness, Sustainability Innovator, Eco-Guardian, Public Policy Impact, Green Youth Icon, Green Republic, and CPR Hero.

The crucial role of volunteers, media, and partners. The success of the event was largely due to the significant contributions of the volunteers, the organizing team, media partners, and all collaborating organizations. Media partners Anmol Times News, Chetan Advertising, and Kalki News provided extensive coverage of the event.

A message of collective commitment to the environment in their addresses, the speakers emphasized the need for collective efforts in environmental protection, climate change, sustainable development, and social responsibility. Prof. Ganesh Channa stated that WEC’s objective is not merely to bestow awards, but to inspire positive change in society.

The program concluded with a vote of thanks and a resolution to undertake more effective environmental initiatives in the future. The third Environmental Citizen Award ceremony proved to be an inspiring and landmark event for those working in the field of environment.

#worldenvironmentcouncil #paryavaranbhushan #paryavaranshri #IICdelhi #delhi #news #today

0 comment
1 FacebookTwitterPinterestEmail

The United States has signalled a possible diplomatic pathway to remove the additional 25% tariffs imposed on India, following a sharp decline in Indian refinery purchases of Russian oil. The indication came from U.S. Treasury Secretary Scott Bessent during the World Economic Forum in Davos.

Speaking to Politico, Bessent said India’s imports of Russian crude by its refineries have “collapsed” after Washington imposed the tariff, calling the outcome a “huge success” for U.S. policy. While the tariffs remain in place for now, he suggested that conditions exist under which they could be lifted.

“We put a 25 per cent tariff on India for buying Russian oil, and the Indian purchases by their refineries of Russian oil have collapsed. So that is a success. The tariffs are still on. I would imagine there is a path to take them off,” Bessent said.

The remarks come amid heightened geopolitical tension over energy security, sanctions on Russia, and global trade realignments. India has repeatedly defended its energy strategy, stressing the need to ensure affordable fuel for its population of over 1.4 billion people.

New Delhi has also acknowledged a proposed bipartisan bill in the U.S. Congress that could impose duties of up to 500% on countries purchasing Russian oil. Reacting to the development, Ministry of External Affairs spokesperson Randhir Jaiswal said India is closely monitoring the situation.

Bessent further criticised European nations for purchasing refined petroleum products from India that originate from discounted Russian crude, accusing them of indirectly financing the war in Ukraine. He described Europe’s stance as “ironic,” arguing that while the EU avoided similar tariffs on India, it continues to buy refined products made from Russian oil.

The comments come as India and the European Union prepare for the 16th India-EU Summit in New Delhi, where a comprehensive strategic agenda and a long-pending Free Trade Agreement are expected to be finalised. European Commission President Ursula von der Leyen has described the FTA as “the mother of all deals,” potentially creating a market of nearly 2 billion people and covering about a quarter of global GDP.

As global trade faces disruption due to Washington’s tariff policies, India continues to balance strategic autonomy, energy security, and evolving partnerships with both the U.S. and the EU.

Short Summary

U.S. Treasury Secretary Scott Bessent has hinted at a possible removal of the 25% tariffs on India, saying Indian refinery purchases of Russian oil have sharply declined, calling the tariff policy a “huge success” while leaving room for diplomacy.

0 comment
0 FacebookTwitterPinterestEmail

ChatGPT delivered a surprisingly grounded response when asked what a “normal person” should do to become financially free echoing advice long championed by seasoned investing experts.

The moment unfolded on The Diary of a CEO podcast, where host Steven Bartlett posed a deliberately simple question to the AI chatbot. Bartlett, who earns $50,000 a year in the hypothetical scenario, asked ChatGPT to give a one-sentence answer on achieving financial freedom, drawing on “all the wisdom in the world.”

Before revealing the AI’s response, Bartlett turned to guest JL Collins author of The Simple Path to Wealth and a leading voice in passive investing. Collins’ advice was succinct: avoid debt, live below your means, and invest the surplus.

ChatGPT’s answer closely mirrored that philosophy. The chatbot recommended consistently saving and investing in low-cost, broad-based index funds such as the S&P 500, while living below one’s means and allowing compounding to work over time.

Bartlett followed up with another broad question: “How do I earn more?” Once again, the AI’s advice aligned with traditional thinking suggesting the development of high-demand skills, seeking career advancement, exploring side hustles, or investing in assets that generate passive income like real estate or dividends.

Collins noted that the response closely resembled principles from his own work, joking that ChatGPT may have “mined his book.” However, the conversation also turned toward the future of work. Collins observed that skills like programming, once considered essential, may no longer guarantee security in the age of artificial intelligence.

That concern was echoed by OpenAI CEO Sam Altman, who has warned that AI-driven automation could significantly disrupt employment. Altman has said that many customer support roles may be replaced by AI, and that roughly half of all jobs historically undergo major change every 75 years a process he believes may now happen much faster.

The exchange highlights a striking paradox: while AI is expected to reshape careers and disrupt labour markets, its financial advice at least for now remains firmly rooted in old-school discipline rather than get-rich-quick promises.

Short Summary

ChatGPT’s advice on becoming financially free surprised listeners by closely matching the guidance of veteran investor JL Collins emphasising saving, low-cost index investing, skill development and long-term compounding over flashy shortcuts.

0 comment
0 FacebookTwitterPinterestEmail

OpenAI’s reported move toward advertising including testing ads within ChatGPT responses and preparing a Super Bowl LX commercial signals a major strategic pivot for the AI giant. Once framed as one of humanity’s most transformative inventions, ChatGPT is now confronting a far more prosaic challenge: how to survive financially.

On the surface, OpenAI’s numbers appear extraordinary. Recurring revenue reportedly reached $20 billion in 2025, up tenfold in just two years. ChatGPT claims around 800 million active users, with over a million businesses paying for access. By conventional startup metrics, the company looks like a runaway success.

Yet profitability tells a very different story. According to Deutsche Bank estimates, OpenAI could accumulate as much as $143 billion in negative cumulative free cash flow between 2024 and 2029. With only about $17 billion in cash reserves and infrastructure commitments reportedly running into the trillions, analysts argue the company faces an unprecedented scale of losses one that dwarfs even Amazon’s famously unprofitable early years.

Unlike Amazon, however, OpenAI lacks a diversified, cash-generating core business to subsidise its long-term bets. That contrast is clearest when compared with Google. Alphabet’s AI investments sit atop hugely profitable pillars Search advertising, YouTube, Google Cloud and Workspace all of which generate stable cash flow. Google also owns much of its infrastructure and chip supply, while OpenAI remains dependent on external providers for computing power.

This structural gap has made OpenAI’s path to profitability increasingly uncertain. The company would reportedly need to grow annual revenue to around $200 billion within four years to break even a target that appears implausible under existing growth levers. Market expansion adds computing costs rather than lowering them. Price hikes are constrained, with only about 5 per cent of users currently paying for subscriptions. Product diversification, including video generation, browsers and hardware, further raises capital and R&D expenditure.

Against this backdrop, advertising has emerged as a reluctant fallback. OpenAI has begun experimenting with ads in free and low-cost tiers, despite CEO Sam Altman previously calling advertising a “last resort.” Analysts estimate ads could bring in around $25 billion annually by 2030 a significant sum, but far short of what would be required to offset projected losses.

The planned Super Bowl commercial may reinforce OpenAI’s ambition and cultural relevance, but it also underlines a deeper reality: innovation alone is no longer enough. Without a clear and credible route to sustainable profit, OpenAI’s bold vision risks colliding with hard economic limits. In the race to define the future of artificial intelligence, the challenge now is not invention it is survival.

Short Summary

OpenAI’s move to introduce advertising in ChatGPT reflects mounting financial pressure despite explosive revenue growth. With massive infrastructure costs, widening losses and limited pricing power, analysts view ads as a last-resort revenue stream that may still fall short of ensuring long-term profitability.

0 comment
0 FacebookTwitterPinterestEmail

The European Union is on the verge of concluding a landmark free trade agreement (FTA) with India, European Commission President Ursula von der Leyen announced on Tuesday (January 20, 2026), calling it “the mother of all deals” that could create a market encompassing nearly two billion people and about a quarter of global GDP.

Speaking at the World Economic Forum Annual Meeting in Davos, von der Leyen said negotiations are in their final stages and that Europe stands to gain a first-mover advantage with one of the world’s fastest-growing economies. “Right after Davos, I will travel to India. There is still work to do, but we are on the cusp of a historic trade agreement,” she said.

European Council President Antonio Costa and von der Leyen will visit India from January 25 to 27 to attend the Republic Day celebrations as chief guests and hold summit talks with Prime Minister Narendra Modi. The two sides are expected to formally announce the conclusion of FTA negotiations at the India-EU summit on January 27.

India is currently the EU’s largest trading partner, with bilateral trade in goods touching $135 billion in FY2023–24. The proposed agreement is expected to significantly boost trade flows, deepen supply-chain integration and open new opportunities across manufacturing, services, technology and green energy sectors.

Beyond trade, the summit is also likely to deliver major strategic outcomes. India and the EU are expected to unveil a defence and security framework, along with a comprehensive strategic vision for the 2026–2030 period. A proposed Security and Defence Partnership (SDP) would enhance defence interoperability and enable Indian firms to participate in the EU’s SAFE programme a €150 billion financial instrument aimed at strengthening European defence readiness.

Negotiations for a Security of Information Agreement (SOIA) are also expected to be launched, which would facilitate deeper industrial defence cooperation. The developments come amid global trade disruptions driven by Washington’s evolving tariff policies, which have affected both India and the 27-nation EU bloc.

India and the EU have been strategic partners since 2004. FTA talks were first launched in 2007 but were suspended in 2013 due to differences in ambition, before being relaunched in June 2022. If concluded, the deal would mark one of the most significant trade agreements for both sides in recent decades.

📌 Short Summary

The European Union is close to finalising a landmark free trade agreement with India, described by Ursula von der Leyen as “the mother of all deals.” Expected to be announced during the India-EU summit on January 27, the agreement aims to deepen trade, defence and strategic cooperation at a time of global trade uncertainty.

0 comment
0 FacebookTwitterPinterestEmail

Finland is steadily advancing research into wireless electricity transmission, a technology that aims to send power through the air without traditional cables or plugs conceptually similar to how Wi-Fi transmits data.

In controlled experiments, engineers have demonstrated that electricity can be transmitted wirelessly using highly controlled electromagnetic fields and resonant coupling techniques. While still far from large-scale commercial use, these experiments mark tangible progress in a field that could one day reshape how certain devices are powered.

Finnish researchers, including teams at Aalto University, have contributed significantly to both the theoretical and experimental foundations of wireless power transfer. Earlier studies showed that magnetic loop antennas can transfer electricity at relatively high efficiency over short distances, offering insights into how energy losses can be reduced and coupling optimised.

More recent demonstrations widely shared across global technology platforms have shown Finnish teams successfully powering small electronic devices through the air, indicating that the technology has moved beyond early laboratory proof-of-concept stages toward more practical experimentation.

However, experts caution that current wireless power systems work best only at short ranges and in controlled environments. Performance drops sharply with distance, and systems require precisely tuned electromagnetic fields and specialised receiver hardware. As a result, present-day applications are largely limited to charging small electronics, sensors, robotics, and potentially medical implants.

Research at Aalto University has also explored how wireless power interacts with real-world conditions, including how human tissue affects electromagnetic charging, a factor that could be crucial for biomedical uses such as charging implants without surgical intervention.

Despite growing interest, researchers emphasise that wireless electricity is not a replacement for conventional power grids. Wired infrastructure remains essential for high-power and long-distance transmission. Analysts note that widespread adoption for homes, vehicles, or cities would require years of further research, safety testing, efficiency improvements, and regulatory approval.

For now, Finland’s work highlights genuine scientific progress and reflects a broader global push to develop wireless power technologies that could complement existing energy systems and enable new use cases where wires are impractical.

Short Summary

Finnish researchers are making steady progress in wireless electricity transmission, demonstrating short-range power transfer through controlled electromagnetic fields, though large-scale use remains years away.

0 comment
0 FacebookTwitterPinterestEmail

Apple Pay is reportedly preparing for its long-awaited entry into the Indian market, with the digital payments service expected to launch by the end of 2026, according to a report by Business Standard citing unnamed sources.

The service, which is currently available in 89 global markets, is said to be awaiting regulatory approval in India. Apple is reportedly in discussions with banks, regulators, and card networks to finalise the rollout framework.

In its initial phase, Apple Pay in India is expected to focus on card-based contactless payments rather than the Unified Payments Interface (UPI). The report notes that UPI integration may be introduced later due to more complex regulatory requirements. Apple is also said to be negotiating fee structures with card issuers and is unlikely to seek third-party application provider (TPAP) approval for UPI at the outset.

Once launched, Apple Pay is expected to support Tap to Pay on iPhone, allowing users to make NFC-based contactless payments at compatible point-of-sale terminals. The service can be used via iPhone and Apple Watch at retail stores, restaurants, fuel stations, and other locations displaying contactless payment symbols. It also supports in-app and online payments where Apple Pay is enabled.

The entry of Apple Pay is expected to intensify competition in India’s digital payments ecosystem. Apple’s rival Samsung already offers Samsung Wallet in the country, which supports contactless payments on compatible devices.

Globally, Apple Pay is supported by over 11,000 banks and network partners, including more than 20 local payment networks, according to Apple. If launched, Apple Pay would add another major international player to India’s rapidly evolving digital payments landscape.

Short Summary

Apple Pay is reportedly set to launch in India by the end of 2026, pending regulatory approval. The initial rollout is expected to focus on card-based contactless payments, with UPI integration likely at a later stage.

0 comment
0 FacebookTwitterPinterestEmail
Newer Posts

Our News Portal

We provide accurate, balanced, and impartial coverage of national and international affairs, focusing on the activities and developments within the parliament and its surrounding political landscape. We aim to foster informed public discourse and promote transparency in governance through our news articles, features, and opinion pieces.

Newsletter

Laest News

@2023 – All Right Reserved. Designed and Developed by The Parliament News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00