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UK-India FutureTech Festival To Be Held in December

The UK-India FutureTech festival is scheduled to be held in India in December, according to a statement.

The festival is expected to be held in the nation's capital, New Delhi and other parts of the country.


A high-impact thought leadership summit will be organised as part of the festival which will bring together businesses, lawmakers, scientists, business tycoons, and others from UK and India.

UK communities secretary James Brokenshire launched the festival when he was on his three-day visit to India last week to take forward the 'Future Mobility' ties between west-central Indian state, Maharashtra and the Midlands Engine in the UK.

The FutureTech festival will showcase how collaboration between the two countries is pushing the tech partnership between the two tech giants. The festival is likely to showcase joint thought leadership on the tech which is changing lives and creating prosperity in India and the UK.

The festival is expected to demonstrate the real progress for India-UK tech partnership - tech hub, cluster partnerships, health care, artificial intelligence (AI), and others linking the key pillars of the UK’s post-Brexit industrial strategy and India’s trajectory.

Joint thought-leadership on data, AI governance, cyber, privacy, future mobility, fintech, and state-regional links are expected to be the key highlights of the festival.

More than 100 of the very best UK and Indian tech companies will explore opportunities in AI, data, future health care, future mobility, fintech, createch, cyber security, and others, the UK government said.

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Amazon and Meta challenge PhonePe and Google Pay's 80 per cent hold on India's digital payments

The meeting follows India’s delay of a 30 per cent cap on UPI app market share until 31 December 2026

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Amazon and Meta challenge PhonePe and Google Pay's 80 per cent hold on India's digital payments

Highlights

  • Amazon Pay, WhatsApp, CRED and others set to meet NPCI over competition concerns.
  • PhonePe and Google Pay processed 80 per cent of 22.6 billion UPI transactions in March.
  • Proposed 30 per cent market share cap on UPI apps delayed until December 2026.
Amazon and Meta are among the big tech companies planning to push back against the dominance of PhonePe and Google Pay in India's digital payments market.
Executives from Amazon Pay, WhatsApp, CRED, MobiKwik and Flipkart's Super.money are due to meet the National Payments Corporation of India (NPCI), the body that runs the Unified Payments Interface (UPI), to raise competition concerns, TechCrunch first reported.

The meeting comes after India delayed a plan that would have capped any single UPI app's market share at 30 per cent, with the new deadline pushed to 31 December 2026.

That decision has given PhonePe and Google Pay more time to cement their positions, making it increasingly difficult for smaller players to gain ground.

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