New Delhi, July 24, 2026: Central bankers, regulators and industry leaders from India, Sri Lanka and Nepal converged at Le Meridien, New Delhi, for the 4th ICC Emerging Asia Banking Conclave 2026, organised by the Indian Chamber of Commerce (ICC) under the theme “Reimagining Banking in the Age of Disruption.” The session brought together policymakers and senior bankers from across the BIMSTEC region to examine how financial institutions can balance rapid technological transformation with operational resilience and financial inclusion.

Delivering the welcome address, Mr Atanu Sen, Chairman of the ICC National Expert Committee on BFSI and a board member of Tata and Bandhan Group companies, said trust remains the foundation of banking even as technology reshapes the sector. “What we do in banking remains the same. I recall a conversation years ago in Mumbai where the question was asked: what is the crux of banking? The answer was building trust. If you cannot build trust with all stakeholders, you are a failure. Today we are navigating technological innovation, geopolitical uncertainty, climate risk and cyber threats simultaneously, and disruption has become the new normal. Yet according to the World Bank, nearly 80 percent of adults in South Asia now own a financial account, and digital merchant payments in developing economies have risen from 35 percent in 2021 to 42 percent in 2025. India’s banking sector recorded 12 percent deposit growth and 15 percent growth in advances in FY26, supported by over 200 digital banking units and a UPI infrastructure that processed around Rs 230 lakh crore, roughly 2.7 trillion US dollars, in FY25-26,” he said.

Shri K G P Sirikumara, Deputy Governor, Central Bank of Sri Lanka, spoke on building resilient financial systems while balancing growth, prudence and inclusion. “Emerging Asia contributes around 60 percent of global growth, but the same forces driving that growth are reshaping financial risk. A crisis today may not begin inside a financial institution at all; it could originate from a cyber attack, a climate event or a disruption to cloud infrastructure. Resilience is not merely the ability to recover, it is the ability to continue performing essential financial functions while under stress. Sri Lanka’s own experience during its recent economic crisis showed how a banking sector built on caution and early preparedness can avoid a parallel financial collapse. Financial inclusion and prudence are not competing objectives; a broader deposit base strengthens funding stability, and access to formal finance improves household resilience. Governance, not capital alone, is what separates resilient institutions from vulnerable ones. As Vidura advised in the Mahabharata, one should prepare for danger while there is still no danger, and that principle remains the essence of modern financial supervision,” he said.

Mr Hem Prasad Neupane, Executive Director, Banking Department, Nepal Rashtra Bank, outlined Nepal’s digital banking transformation. “Nepal is a 44 billion US dollar economy with real GDP growth estimated at 3.85 percent in FY 2025-26 and inflation at 2.13 percent. We have 106 licensed banks and financial institutions operating over 11,300 branches nationwide. The number of digital wallets has grown from 6 million before the pandemic to more than 27 million today, and mobile banking users have risen from 8 million to over 30 million. QR-based payments worth around Rs 800 billion, close to 12 percent of our GDP, took place last year alone, a sixfold increase over five years, and more than 95 percent of government payments in Nepal are now conducted digitally. Our financial inclusion index has risen from 0.40 in 2021 to 0.53 in 2025. We are also integrating our national payment interface with India’s UPI, and the service is already active for Indian visitors scanning QR codes in Nepal. Nepal Rashtra Bank is piloting a central bank digital currency this year, with full rollout planned by 2027,” he said.

Ms Gayathri Parthasarathy, Advisor to Chairman, PwC India, framed the discussion around three pillars: the disruptions underway, the transformation already in motion, and the challenges ahead. “Reimagining banking in the age of disruption is not a slogan, it is hard work, and it is not glamorous. The first disruption is digital public infrastructure, where India has been a trendsetter and our neighbours Nepal and Sri Lanka have also made remarkable progress. The second is the fintech platform economy; banking is increasingly embedded finance rather than something separate from the banking fabric. The third, and one that is here to stay for decades, is generative and agentic AI, which is moving well beyond fraud detection into making banking transactions more efficient, though it will not replace a trained banker for a long time. Regulatory and geopolitical shifts continue, and demographic and behavioural change among customers is a disruption we cannot underestimate. Banks are already moving from product-centric to platform-centric models, and risk and compliance, powered by data and AI, have become a CEO-level agenda. Cybersecurity, data protection and building hybrid bankers, professionals who combine technology with banking judgement, will decide how smoothly the region crosses this transition,” she said.

Closing the session, Dr Rajeev Singh, Director General, Indian Chamber of Commerce, noted the unprecedented pace of global economic change and its bearing on the banking sector. “The changes we have seen in the last six years are unprecedented. Globally there is hardly any certainty about which way the world will go, supply chains are being disturbed and new alliances are forming. Banking has to keep pace with all of this while maintaining its core values of trust, efficiency and dependability,” he said.

The conclave, now in its fourth edition, continues ICC’s tradition of bringing together central bankers, regulators and financial sector leaders from the BIMSTEC region to discuss the future of banking amid rapid digital transformation.

New Delhi, 20th July 2026: MJ Digital Services Pvt Ltd, which is the parent company of one of India’s quickest-rising assisted fintech platforms, Ezeepay, today shared its fresh corporate identity, and it looks like a big step in how the company has moved from a fintech startup into a broader, diversified digital financial services company.

This updated corporate identity somehow mirrors the company’s longer-term intention to shape an inclusive, technology-led financial ecosystem that connects the gap between formal financial institutions and underserved pockets of communities across India. And yes, Ezeepay will continue running as the company’s kind of flagship assisted fintech brand, while MJ Digital Services ends up acting as the parent technology company – pushing innovation across digital payments and assisted banking. It also covers merchant enablement, Banking-as-a-Service (BaaS), API-led financial infrastructure, and SaaS platforms, plus embedded finance solutions. On top of that, it includes compliance technology and builds digital financial infrastructure in a more holistic way. The company is additionally strengthening its enterprise side by helping banks, NBFCs, fintechs and businesses connect financial services through secure application programming interfaces and scalable technology platforms.

Alongside its assisted fintech network, MJ Digital Services is now expanding its tech stack through software-as-a-service solutions, plus API-based financial infrastructure and enterprise-level digital platforms. Honestly, the idea is to give banks, NBFCs, fintech companies, enterprises and merchant networks a smoother way to plug in digital payments, identity checks, collections, merchant onboarding, financial service delivery and other embedded financial features directly into their own systems. The solutions are meant to make integration feel more seamless and less time-consuming, so ecosystem partners can launch with confidence. With an API-first architecture in place, the company can support faster connections, better scaling and safer digital financial experiences, even as partners grow and their needs shift a little.

The new corporate identity kind of marks the company’s next phase of growth as it expands its technology capabilities, strengthens partnerships with banks and financial institutions and also develops new digital platforms to speed up financial inclusion, or economic empowerment, if you will. It’s all moving a bit faster these days.

Commenting on the announcement, Shams Tabrej, Co-founder & CEO, MJ Digital Services, said, “Our new corporate identity shows how our purpose has shifted. Over the years, Ezeepay has gained the trust of lakhs of merchants and millions of customers by making financial services easier to reach. As we expand our technology capabilities, we’re also building scalable SaaS platforms and API-led financial infrastructure that will help banks, fintechs, enterprises, and ecosystem partners move ahead faster while making digital financial services more accessible across India.”

The new identity also underlines the company’s resolve to help local entrepreneurs turn into digital financial service providers within their own communities. By pairing technology with a robust assisted commerce network, MJ Digital Services continues to align with the Government of India’s vision of a digitally empowered economy. And yes, it’s meant to feel practical, not just theoretical.

As digital financial adoption gathers pace across the country, the company plans to invest more in product innovation, merchant enablement, AI-powered financial technologies, compliance, and scalable infrastructure to better match the changing needs of consumers, businesses, and financial institutions. With this refreshed corporate identity, MJ Digital Services intends to boost its position as a dependable partner in India’s digital financial shift while still growing the reach of the Ezeepay brand, step by step.

Bengaluru, August 12, 2025 – YES BANK, India’s sixth-largest private sector bank, has reinforced its digital leadership in Q1 FY26, commanding 55.3% market share as a payee PSP in UPI and 33.3% share as a payer PSP. The Bank also tops the Aadhaar-enabled Payment System (AePS) with nearly 30% of transactions and a partner network of over 7.9 lakh outlets nationwide, alongside a 24% share in NEFT transactions.

With a digital-first approach, YES BANK integrates 1,500+ APIs for real-time operations and delivers 92% of individual savings accounts, 93% of current accounts, and 98% of credit cards digitally via its flagship IRIS and IRIS BIZ super apps.

Actively contributing to India’s Digital Public Infrastructure, YES BANK plays a key role in CBDC, OCEN, ONDC, and embedded finance, alongside customer initiatives like ‘Deliver the Bank’.

Mr. Ajay Rajan, Country Head – Transaction Banking Government, MNC & New Economy Business, IBU & Knowledge Units, YES BANK, said, “Financial inclusion for all and building resilience in Indian banking has been part of our larger vision. The scale our digital platforms have achieved are proof of this shift.  We are proud to participate and lead the digital transformation of Indian banking by combining innovation with digital infrastructure and tech tools, which enables financial access across the country.”

Bengaluru, 19^th August 2024 – YES BANK, India’s leading private sector bank, has once again cemented its position in the digital payments landscape by gaining the top spot in UPI payments. With a commanding market share of approximately 53.3% and an impeccable success rate of nearly 99.8%, YES BANK continues to be the top choice for millions of customers and merchants across the country. It processes ~1 in 3 digital payment transaction in India.

The Bank’s firm commitment to technological innovation and its robust API stack have been instrumental in driving this remarkable success. The bank’s Digital Lending Platform (DLP) 2.0 has made it easier than ever for small businesses to access finance. The scale that the Bank has achieved in the first quarter of FY2025 results in faster, safer and more convenient transactions for customers and merchants. Whether it is for online shopping, paying bills, or sending money to friends and family, YES BANK’s UPI platform ensures that the money is in safe hands.

To increase the accessibility, the Bank has introduced several innovative solutions that enhance its digital payment ecosystem. It launched the YES Pay Next mobile banking application, which is an advanced UPI payment solution that offers efficient transaction management by its user-friendly features, enhanced security protocols, and seamless payment solutions.

Additionally, the Bank introduced industry’s first concept of UPI payments via RuPay Credit Cards, which allows customers to make UPI transactions using their credit cards. Since the launch, YES BANK has issued over 4 lakh UPI enabled credit cards and continues to ride this opportunity. Furthermore, UPI interoperability has been implemented on the RBI’s CBDC app, making YES BANK one of the first Indian banks to integrate UPI with this application. These initiatives highlight the Bank’s commitment to driving digital transformation and providing top-notch digital banking solutions.

YES BANK’s commitment to providing top-notch digital banking solutions is evident in every transaction. The bank continues to raise the bar for the industry and is dedicated to serving the evolving needs of its customers.