In a significant development for digital payments, India is planning to introduce a UPI kill switch, aimed at enhancing security and user control. This feature will allow users to temporarily disable their Unified Payments Interface (UPI) accounts, providing an extra layer of protection against unauthorized transactions. The move underscores India's commitment to strengthening digital infrastructure as the country continues to witness rapid growth in cashless transactions.
Meanwhile, in the corporate world, Zomato's Deepinder Goyal has stepped down from his role as Eternal CEO, a position he held since the company's inception. Goyal's departure marks the end of an era for the food delivery giant, as it seeks new leadership to navigate the competitive landscape of the food tech industry. The company has yet to announce his successor, sparking speculation about potential candidates who could take the helm.
On the tech front, Microsoft and OpenAI are facing scrutiny after a revenue leak exposed sensitive financial details, raising questions about data security practices. Additionally, Apple has announced significant upgrades to Siri, integrating advanced AI capabilities to enhance user experience. In a separate update, X has launched new starter packs, aiming to attract a broader user base with innovative features. These developments highlight the dynamic nature of the tech industry as companies continue to push boundaries.
— Authored by Next24 Live