Generative AI, while contributing to more sophisticated phishing attempts, is also being used to enhance security measures
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In terms of transaction value, the market is expected to nearly double during this period, expanding from INR 265 trillion to Rs 593 trillion by FY 2028-29
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According to data released by NPCI, the value of transactions conducted through UPI also witnessed a rise, reaching Rs 20.45 lakh crore in May compared to Rs 19.64 lakh crore in April
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