eNews
Industry & govt need to jointly tackle risk of info & cyber insecurity
NEW DELHI: The National Critical Information Infrastructure Protection Centre (NCIIPC) safeguarded 300 establishments in India from the recent worldwide cyberattack by the WannaCry ransomware.
Giving this information, NTRO chairman Alok Joshi said, “It is becoming difficult for businesses as well as the government to deal with non-state actors located outside India, who are involved in cyber-attacks. Once any business becomes part of internet then it becomes a part of the global network and cannot operate in isolation. In this regard, Industry and Government need to have a collaborative outlook to address the emerging threat of information and cyber insecurity.”
Delivering his keynote address at the FICCI seminar on New Age Risks 2017, Bharatiya Janata Party national spokesperson for economic issues Gopal Krishna Agarwal said, “Stalled projects, a key reason for a slide in gross fixed capital formation in the past few years, are the biggest challenge which the government is facing. The government has taken adequate measures to revive the investment cycle.” With the intervention of the PMO driven initiative, Pragati’ (Pro-Active Governance and Timely Implementation), he said, several stalled projects had seen the light of day.
FICCI secretary-general A Didar Singh highlighted that businesses need to strengthen their resilience to ensure continued operation and survival in the face of risks. At the same time, the clear role for collaboration among public and private sector stakeholders becomes evident, for example, to develop better cybercrime prevention methods, to establish cybersecurity norms for both governments and industry, and to align international approaches to enforcement and establish industry norms.
FICCI Committee on Private Security Industry chairperson and former special DG in the Central Industrial Security Force Manjari Jaruhar and Pinkerton MD India, APAC & EMEA – global screening Rohit Karnatak also spoke on the occasion.
Cyber-security features high on the agenda of leaders across all sectors, with business, governments and individuals rapidly taking advantage of faster, cheaper digital technologies to deliver an unprecedented array of social and economic benefits. With the benefits of digitizing and connecting comes a range of new challenges, FICCI Committee on Geospatial Technologies Chairman and Advisor, ESRI India Rajesh Mathur said.
eNews
PNB partners Kiwi to launch credit-enabled UPI for users
Targets 180 million customers; RuPay card offers 0.5 per cent to 1.5 per cent cashback
MUMBAI: Swipe, tap, or scan credit is quietly slipping into the rhythm of everyday payments, and Punjab National Bank wants in on the action. The state-run lender has partnered with Kiwi to roll out credit-enabled UPI payments for its 180 million customers, marking a significant push to blend traditional banking with India’s fast-evolving digital payments ecosystem.
At the centre of the collaboration is the launch of the PNB Kiwi Credit Card on the RuPay network. The card is designed with a digital-first approach, offering fully online onboarding and seamless integration with UPI, allowing users to transact via scan-and-pay while accessing credit.
The offering also brings in a rewards layer, with cashback ranging from 0.5 per cent to 1.5 per cent on online transactions, positioning the product as both a convenience play and a spending incentive.
The move comes as UPI continues to dominate India’s digital payments landscape, increasingly blurring the lines between debit-led transactions and credit access. For PNB, which operates over 10,000 branches around 60 per cent in semi-urban and rural areas, the partnership signals a targeted effort to extend formal credit to segments that have traditionally remained underserved.
The collaboration also reflects a broader industry shift, where banks and fintech platforms are converging to embed credit directly into payment flows, reducing friction while expanding access.
With RuPay credit cards gaining traction and UPI evolving beyond peer-to-peer transfers, the PNB–Kiwi tie-up positions both players at the intersection of scale, accessibility, and the next phase of digital finance in India.
