AGP Executive Report
Last update: an hour agoDigital Payments Milestone: India’s Unified Payments Interface (UPI) turns 10, with annual transaction volume rising from 1.78 crore (FY2016-17) to 24,162 crore (FY2025-26) and transaction value jumping to about ₹314 lakh crore—UPI now processes ~66 crore payments daily and is used by 741 banks (by July 2026). Fintech for Africa: BluPay launches in Cameroon with a WhatsApp-based cross-border payments service using blockchain and stablecoins, aiming to cut transfer fees (targeting charges from 0.5%). Mauritius-Linked Finance: GIFT City signals a shift from being purely global to bringing more India-related cross-border business back home, urging deals to be routed through its ecosystem instead of hubs like Singapore, Dubai and Mauritius. Local Tech & Markets: STARTRADER expands its MT5 CFD lineup with 30 new US stock/ETF CFDs spanning quantum, space/defence, nuclear/energy, AI, cloud and fintech themes. Biodiversity Data Push: African herbaria collections are being urged to digitise before more biodiversity is lost, including specimens from Mauritius and the western Indian Ocean. Science Capacity Building: IIT Madras Zanzibar runs a data science, AI and cybersecurity training for African audit professionals, with Mauritius among participants. Energy & Infrastructure Investment: Luxembourg’s IPC plans Rs834.8bn investment in Karnataka for digital infrastructure, renewable energy and green hydrogen.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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