Connect with us

Technology

Fraud detection, face payments and real-time cross border payments key trends for 2025: Phi Commerce

Published

on

Phi Commerce envisages five key payment trends to emerge in 2025

MUMBAI, India, Dec. 26, 2024 /PRNewswire/ — In the past few years, digital payments have transformed the way Indians conduct financial transactions, driven by the explosive growth of Unified Payments Interface (UPI). Indian policymakers have facilitated a payments ecosystem in the country like never before, that consumers have begun to come to terms with a new ease of transacting, which has also thrown up challenges of its own.

2024 saw significant changes in the payments landscape, with frameworks drawn for features like conversational voice payments, credit lines, UPI vouchers and UPI Circle. These enhancements aim to improve user convenience and broaden the adoption of digital payments. UPI has also become a global role model in payments, with several countries in Asia, Africa and South America engaging the National Payments Corporation of India to develop digital payment systems modelled after UPI, with launches anticipated by early 2027. 2024 also saw the Reserve Bank of India conducting a digital currency pilot, with major payment firms like Google Pay, PhonePe, and Amazon Pay seeking to participate, indicating a move towards integrating central bank digital currencies (CBDCs) into the payment ecosystem.

As a provider of digital payments like UPI to enterprise clients, Phi Commerce envisages five key payment trends to emerge in 2025, after consistent deliberations with its ecosystem partners. These touch upon the emerging growth of AI-enabled fraud prevention tools, growing popularity of cross border payments, unified lending interface, interoperable mobile wallets and biometric payments.

AI-enabled Digital Fraud Detection

According to the Reserve Bank of India (RBI), domestic payment fraud increased by 70.64% in six months, reaching Rs 2,604 crore by March 2024, up from Rs 1,526 crore during the same period the previous year. The number of fraud cases also spiked, increasing to 15.51 lakh from 11.5 lakh in the prior six months.

As a result of the dynamic nature of threats in line with technology advancements in payments, traditional fraud detection systems that use rule-based frameworks to identify suspicious transactions are no longer effective. In the current context, prevention must be prioritised over detection and artificial intelligence (AI) could help address these issues a lot more efficiently. AI-enabled tools aim to offer proactive and predictive fraud detection tools against incidents like deepfake videos and sophisticated phishing scams. Financial institutions are turning to AI-powered fraud detection systems to analyse vast datasets in real time, identifying and neutralizing threats effectively. Security has become the foremost challenge for the payments industry as fintech innovations are on the rise, which is adding to the volumes of transactions.

Real-Time Cross-Border Payments

The domestic payment ecosystem is witnessing a global transformation, driven by the international interoperability of UPI. In FY2024, cross-border UPI transactions surged by 150%, according to NPCI data, reflecting robust adoption and rising consumer confidence. Looking ahead, the integration of central bank digital currencies (CBDCs) and stablecoins into real-time cross-border payment frameworks is set to revolutionise global financial transactions. These advancements promise to significantly reduce transaction costs, enhance processing speeds, and provide seamless payment experiences, thereby catalysing international trade and economic growth.

Unified Lending Interface

The Unified Lending Interface (ULI) framework introduced by the Reserve Bank of India will emerge as a transformational tool to address the last mile gap in India’s lending landscape, much like the way UPI transformed the retail payments landscape. ULI will simplify access to credit by integrating various stakeholders in the lending ecosystem, such as banks, NBFCs, digital lending platforms, and regulators, through a common platform using the plug-and-play model. And this will essentially help the under-banked communities more (read farmers, MSMEs etc), as lending institutions will now have access to borrowers’ digitised records lying with state or central databases, account aggregators, credit bureaus, financial institutions and so on.

Digital Wallet and Interoperability

India’s widespread adoption of digital wallets is paving the way for their seamless integration with card-based payment systems, eliminating silos and offering consumers unparalleled convenience. As per a GlobalData report, the value of mobile wallet transactions in India expanded at a compound growth rate of 72.1% to reach US$2.5 trillion, from 2019 to 2023. Digital wallets now make up for 25% of total payments in India, while UPI dominates 80% of retail transactions (RBI Payments Data 2024). Interoperable digital wallets that support multiple payment networks and protocols, enabling users to transact across various merchants and service providers, is the way forward, and 2025 will see more action on that front.

Face-based Payments

The Reserve Bank of India’s (RBI) move to allow non-OTP methods, such as biometric authentication for the second payment factor, opens the door to face-based payment systems. Facial recognition can offer a seamless and secure alternative to traditional OTP-based methods, eliminating the dependence on mobile networks or SMS delivery.

In the Indian context, this innovation could significantly enhance the user experience, especially in regions with inconsistent mobile connectivity. It also addresses challenges like SIM-swapping fraud or delays in receiving OTPs. Facial recognition leverages advanced AI and biometric data, ensuring both convenience and security, critical in high-volume and low-value transactions like those in retail or transit systems.

This shift aligns with India’s growing digital payment ecosystem, where Aadhaar-enabled authentication has already laid a robust foundation for biometric verification. For merchants, it reduces friction at checkout points, and for consumers, it means faster transactions without additional devices.

About Phi Commerce

Digital payments company Phi Commerce offers omnichannel payment solutions to enterprises that enable them smooth and flexible payments across all consumer touchpoints — browser, mobile, in-store and remote. A payment aggregator payment gateway (PAPG) licence holder from the Reserve Bank of India, Phi Commerce offers a unified omnichannel digital payment platform catering to both B2B and B2C payment requirements for businesses worldwide. The company, backed by investors like Beenext Singapore and Opus Ventures, has offices in Mumbai, Pune, and Singapore, with plans afoot to expand into Southeast Asia, Japan and the Middle East. Phi Commerce had won the ‘Best in Class Payment Startup in Established Fintech Category’ at the 2024 Assocham Annual Fintech Excellence Awards.

 

View original content:https://www.prnewswire.com/in/news-releases/fraud-detection-face-payments-and-real-time-cross-border-payments-key-trends-for-2025-phi-commerce-302339262.html

Continue Reading

Technology

HR Path Strengthens its Australian Presence with Strategic Acquisition of Payroll Experts Australia

Published

on

By

PARIS, Oct. 21, 2026 /PRNewswire/ — HR Path, a global leader in HR consulting and HRIS solutions, today announces its strategic acquisition of Payroll Experts Australia, a Brisbane-based company specialising in payroll compliance, remediation, workforce management and HR systems consulting.

Founded in 2009, Payroll Experts Australia has delivered more than 530 projects for over 260 organisations across Australia and New Zealand. Independent of any software vendor, the company supports employers across the full payroll, workforce management and HR systems lifecycle, with expertise spanning payroll compliance and audit, remediation, award and agreement interpretation, payroll processing, advisory and end-to-end systems implementation.

The acquisition strengthens HR Path’s ability to provide end-to-end HR transformation services across the ANZ market. Payroll Experts Australia’s specialist capabilities complement HR Path’s existing HRIS technology and SAP SuccessFactors expertise, enabling the combined organisation to support clients with a broader range of locally grounded services, from strategic advisory and systems implementation to payroll compliance and operational support. 

Payroll Experts Australia will continue to operate under the brand “Payroll Experts Australia, an HR Path Company”. Its leadership team and employees will remain in their current roles, ensuring continuity of service for clients while giving the business access to HR Path’s international capabilities and resources. 

The transaction builds on HR Path’s expansion in the region. HR Path has been active in Australia since 2019, following the acquisition of DDG. It opened an Australian office in 2024 and acquired RKM Consulting in 2025, strengthening its HRIS technology and SAP SuccessFactors capabilities across Australia and New Zealand.  

“The acquisition of Payroll Experts Australia, a company renowned for its expertise in payroll compliance, is a strategic move that supports our ambition to be the global reference in HR transformation,” said François Boulet, Co-founding Partner at HR Path. “Their deep knowledge and strong client relationships in Australia complement our global capabilities, enabling us to deliver even more value to our clients. This partnership is about synergy, innovation, and shared commitment to excellence.”

“We are very happy about this new chapter!” said Steve Keenaghan, Chief Executive Officer at Payroll Experts Australia. “This step opens up exciting opportunities for our team and our clients and ensures our continued growth and success. We will maintain our commitment to delivering exceptional, independent payroll expertise while exploring new possibilities within HR Path.”

Contact:

Fabienne LATOUR  Fabienne.latour@hr-path.com

 

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/hr-path-strengthens-its-australian-presence-with-strategic-acquisition-of-payroll-experts-australia-302915164.html

Continue Reading

Technology

Sungrow Powers Up for All Energy Australia 2026 With New Residential Innovation and Full Ecosystem Showcase

Published

on

By

MELBOURNE, Australia, Oct. 21, 2026 /PRNewswire/ — Sungrow, the global leader in PV inverter and energy storage solutions, is set to make a strong return to All Energy Australia 2026, the region’s largest and most influential renewable energy exhibition. It will introduce its next-generation all-in-one residential flagship PowerHarbour, alongside a comprehensive showcase of technologies for residential, C&I, and utility-scale applications.

As Australia accelerates toward a cleaner, more resilient energy future, Sungrow’s presence at All Energy will once again serve as a central meeting point for industry leaders, installers, innovators, and policymakers. The booth will offer visitors a rich blend of product demonstrations, technical insights, interactive experiences, and opportunities to connect with Sungrow’s local engineering and sales teams.

A New Addition to Residential Energy Storage

At the upcoming All-Energy 2026, Sungrow will officially unveil PowerHarbour in Australia for the first time. It is a residential all in one solution designed to simplify energy independence for homeowners. It combines sleek design, intelligent integration, advanced safety features and a modular design that can deliver up to 120kWh of capacity. The enhanced AFCI 3.0 protection makes it one of the most flexible and homeowner‑friendly systems on the market. The result is a clean, integrated solution that empowers households to take control of their energy with confidence and ease.

C&I Solutions for Diverse Applications

The exhibition will also showcase Sungrow’s C&I portfolio, including PowerKeeper, deployed across diverse Australian environments, and the ST255CS liquid-cooled BESS cabinet, designed for applications such as microgrid stability and FCAS. Together, these solutions demonstrate Sungrow’s capabilities in delivering flexible, reliable energy storage for a wide range of commercial and industrial needs.

Utility-Scale Innovation on Display

For utility developers and EPCs, Sungrow will present a full-size PowerTitan 3.0, giving visitors a rare opportunity to see the battery container up close. Together, PowerTitan 3.0 and 1+X modular inverter demonstrate advanced energy storage, grid-forming capabilities, and flexible deployment for complex project environment. Backed by dedicated local project management, comprehensive technical support, and a growing project pipeline across Australia and New Zealand.

Visit Sungrow at Booth KK123

Sungrow invites all attendees to visit Booth KK123 at All Energy Australia 2026 to experience its latest residential, commercial, and utility‑scale innovations firsthand. Attendees can expect a vibrant and engaging atmosphere throughout the day featuring lucky draws with exciting prizes, free premium coffee, photobooth and insightful presentations. The booth promises a full day of discovery, connection, and inspiration. Sungrow looks forward to welcoming partners, customers, and renewable energy enthusiasts as we continue powering Australia’s clean energy future together.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sungrow-powers-up-for-all-energy-australia-2026-with-new-residential-innovation-and-full-ecosystem-showcase-302915169.html

SOURCE Sungrow

Continue Reading

Technology

AglaiaSense and Leopard Imaging to Demonstrate Privacy-First AI Traffic Sensing at Smart City Expo World Congress in Barcelona

Published

on

By

FREMONT, Calif. and BARCELONA, Spain, Oct. 21, 2026 /PRNewswire/ — AglaiaSense and Leopard Imaging will exhibit together at Smart City Expo World Congress, November 3–5, 2026, at Fira Barcelona Gran Vía.

The two companies proposed AI-VIVA (Vision Intelligence for València and Arterials) and is selected as a finalist in the fifth urban challenge of Barcelona Innova Lab Mobility (BILM), on the application of artificial intelligence to traffic-light regulation. AI-VIVA combines AglaiaSense’s edge-AI traffic solutions with Leopard Imaging’s patented privacy architecture. At the show, the team will give a live demonstration of AglaiaSense’s signature MS500 and GS500 cameras, with the AglaiaSense AI Box, powered by NVIDIA, which adds local processing to coordinate groups of neighboring intersections.

The cameras analyze images inside the device, using the Sony IMX500 and IMX501 intelligent vision sensors. They count and classify vehicles, buses, cyclists and pedestrians in real time. Raw video is discarded on the device within 400–800 milliseconds, and only anonymous metadata is transmitted. Cities can feed that data into signal-control software to adapt traffic lights to real demand.

MS500: about 2 W average power, 1080p, powered from a standard NEMA or ZHAGA street-light socket.

GS500: about 6.5 W average, dual 4K cameras, with Ethernet, LTE Cat 4 and GPS; powered by PoE, 12–24 V DC or a NEMA adapter.

Both cameras: IP66-rated, −20 °C to +65 °C, mounted on existing poles, so no trenching or new masts are needed.

Bandwidth: more than 95% lower than CCTV-based monitoring.

“Cities want safer, smoother streets without turning every crossing into a surveillance point,” said Leon Luo, CEO of AglaiaSense. “Being named a finalist in Barcelona tells us the approach resonates.”

“Privacy has to be built into the camera, not added later,” said Bill Pu, CEO of Leopard Imaging.

AglaiaSense’s solutions are deployed across North America and Asia, and the company won first place in the Pedestrian Safety Challenge Hackathon, run by the Edge AI Foundation (formerly the tinyML Foundation) and the City of San José. In field tests, the systems achieved detection and counting accuracy above 95%. The City of Lakewood, Colorado, compared the GS500 with traditional IP cameras and LiDAR on real roads and found it more accurate, more energy-efficient, and less costly to deploy. At a high-risk crossing where pedestrians often crossed outside the crosswalk, the system alerted approaching drivers in real time.

Visit us at Pavilion 3, Level 0, Street D, Stand 71. To book a meeting, email sales@aglaiasense.com.

About AglaiaSense

AglaiaSense, is an edge-AI company specializing in privacy-first, vision-based sensing for smart cities. Its GS500 and MS500 cameras run AI on the image sensor to count and classify road users in real time and send only anonymous metadata.

About Leopard Imaging

Leopard Imaging is a global leader in high-definition embedded cameras and AI-based imaging solutions in industries including automotive, aerospace, drones, IoT, and robotics.

Media contact:

Cathy Zhao

+1 (408) 263-0988

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/aglaiasense-and-leopard-imaging-to-demonstrate-privacy-first-ai-traffic-sensing-at-smart-city-expo-world-congress-in-barcelona-302914775.html

Continue Reading

Trending