India, Sept. 11 -- AI Takes The Stage At Global Fintech Fest

It was an action-packed second day at the Global Fintech Fest 2026 yesterday. As usual, fintech startups and regulators rolled out a slew of new products, while RBI governor Sanjay Malhotra positioned India's next fintech leap around AI, tokenisation and quantum computing.

AI Layer For UPI: At the event, Malhotra launched UPI Tap & Pay, which allows users to make payments by tapping their NFC-enabled smartphones on POS terminals. He also unveiled MyUPI, an AI-powered platform designed to offer a unified view of transactions. With these features, UPI aims to evolve from a basic payments rail into an AI-powered consumer interface.

The Trust Infrastructure: The RBI governor's la...