Category Archives: News

CROWN BREAKS GROUND ON THE COMPANY’S FIRST BEVERAGE CAN MANUFACTURING FACILITY IN INDIA

TAMPA, Fla., Sept. 11, 2026 /PRNewswire/ — Crown Holdings, Inc. (NYSE: CCK) celebrated on September 9, 2026 the groundbreaking of its first beverage can manufacturing facility in India, marking a major milestone in the Company’s expansion into one of the world’s fastest-growing beverage markets. The ceremony brought together Crown leaders, local government representatives, customers and guests to commemorate the start of construction on the new facility in Unnao, Uttar Pradesh.

Announced in April 2026, the state-of-the-art plant will feature two production lines with an annual capacity of approximately 2.2 billion aluminum beverage cans. Operations are scheduled to commence in the second half of 2027.

The groundbreaking ceremony, which reflected local traditions and marked the official commencement of construction, underscored Crown’s long-term commitment to India and the state of Uttar Pradesh. Following the event, Crown executives had the honor of meeting with the Honorable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath, to discuss the progress of the Company’s investment and its vision for supporting the continued growth of the beverage industry in India. During the meeting, Crown received the official land allotment letter for the project, representing another important milestone in the development of the Company’s first beverage can manufacturing facility in the country.

Djalma Novaes, Executive Vice President and Chief Operating Officer, said: “This investment reflects Crown’s confidence in the future of the Indian beverage market, and the growing role of the beverage can as a sustainable packaging solution. The Unnao facility will combine advanced manufacturing technology, operational excellence and responsible resource management to support our customers’ growth while creating long-term value for the region.”

Designed to incorporate advanced manufacturing technologies and the highest quality and sustainability standards, the facility will support growing demand for aluminum beverage cans across both alcoholic and non-alcoholic beverage categories. The investment reinforces the Company’s commitment to serving customers in high-growth markets and reflects the strong partnership Crown has established with the Government of Uttar Pradesh.

The Company continues to expect full year capital expenditures of approximately $550 million.

About Crown Holdings, Inc.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. Learn more at www.crowncork.com.

For more information, contact:

Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281, or

Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

View original content:https://www.prnewswire.com/in/news-releases/crown-breaks-ground-on-the-companys-first-beverage-can-manufacturing-facility-in-india-302876379.html

PM Modi Meets Malaysian PM Anwar Ibrahim on Sidelines of BRICS Summit in New Delhi

New Delhi, September 12, 2026: Prime Minister Narendra Modi held a bilateral meeting with Malaysian Prime Minister Dato’ Seri Anwar Ibrahim on Saturday on the sidelines of the 18th BRICS Summit in New Delhi, with the two leaders reviewing progress in bilateral ties and discussing key regional and global developments.

Prime Minister Modi warmly welcomed Anwar Ibrahim to India and appreciated Malaysia’s participation in the BRICS Summit as a Partner Country. The meeting provided an opportunity for both leaders to assess the progress made since Modi’s visit to Malaysia in February 2026.

The two Prime Ministers reviewed bilateral cooperation across a broad range of sectors, including trade and investment, defence and security, semiconductors, infrastructure, the digital economy, energy, fintech, education, tourism and people-to-people exchanges.

A significant development during the meeting was Malaysia’s concurrence with India’s proposal to establish a Consulate General of India in Kota Kinabalu, Sabah. The move is expected to further strengthen consular services and deepen India’s engagement with Malaysia’s Sabah region.

Prime Minister Modi also appreciated Malaysia’s continued support for strengthening ASEAN-India relations, underscoring the importance of closer cooperation between India and the Association of Southeast Asian Nations.

The leaders exchanged views on important regional and global issues of mutual interest and reaffirmed their commitment to working closely on matters of shared concern.

Both Prime Ministers reiterated their commitment to further advancing the India-Malaysia Comprehensive Strategic Partnership, with a focus on expanding cooperation across emerging economic, technological, security and people-centric areas.

The meeting comes amid growing engagement between India and Malaysia, with both countries seeking to broaden their strategic and economic partnership in the Indo-Pacific region.

Rithvik Dhanjani Champions Greener Celebrations Through Clay-Making Workshop at WeSchool

Sept 12: Sustainability often begins with small, mindful choices, ones that bring together tradition, creativity and a sense of responsibility. Ahead of Ganesh Chaturthi, Welingkar Institute of Management Development & Research (WeSchool) brought this thought to life through an eco-friendly clay-making workshop conducted by  Actor, host, and Sustainability Advocate Rithvik Dhanjani, as part of its ‘Engage, Empower and Act for a Sustainable Future’ initiative, in collaboration with Khushiyaan NGO.

The session encouraged students to experience sustainability beyond the classroom by creating their own clay idols while understanding the importance of making environmentally conscious choices during celebrations and in everyday life.

For students, such experiences are important because environmental responsibility is shaped by awareness and action from a young age. Understanding the impact of materials we use, how we celebrate, and the choices we make can help students develop habits that contribute to a cleaner and healthier environment. By making sustainability interactive and relatable, initiatives like these show that protecting the planet can begin with simple choices in our everyday lives.

Bringing his warmth and energy to the session, Rithvik interacted with students and personally guided them through the process. For him, creating his own idol is a deeply personal tradition. Sharing the thought behind it, he said, “The only reason I make the idol with my own hands is because my love and devotion for Bappa are divine. As soon as you start creating Him with your own hands, I promise you, your life changes for the best. That has happened to me.”

The workshop turned into a lively exchange of creativity and conversations, with students learning that sustainability can be simple, engaging and deeply connected to the way we celebrate.

Through initiatives like these, WeSchool continues to encourage young minds to embrace sustainability as a way of life, one that can be practised through everyday choices, celebrations and collective action.

Because a sustainable future takes shape with the choices we make today.

Dr. Amita Shah from Manipal Hospital Gurugram becomes First Gynaecologist in India to perform 41 Robotic Surgeries in 90 Days

The achievement comes as Dr. Amita Shah successfully treats complex endometriosis cases using advanced robot-assisted and minimally invasive techniques with a focus on fertility preservations

GURUGRAM, India, Sept. 11, 2026 /PRNewswire/ — In a significant advancement in women’s healthcare, Manipal Hospital Gurugram has successfully treated complex cases of endometriosis using advanced laparoscopic and robot-assisted techniques, led by Dr. Amita Shah, Chairman – Obstetrics & Gynaecology, Robotic Laparoscopy & Endoscopy Surgery. The achievement comes as Dr. Amita Shah becomes the first gynaecologist in India to perform 41 robotic gynaecological surgeries in 90 days. Endometriosis affects nearly 190 million women worldwide and is often mistaken for routine menstrual pain, despite its potential impact on quality of life and fertility. Minimally invasive surgery now enables precise treatment while helping preserve healthy pelvic tissue and reproductive function.

The cases presented at the event highlighted the varied and complex ways endometriosis can affect women, from severe period pain and infertility to large cysts and extensive pelvic adhesions. The cases included a 32-year-old woman with deep endometriosis, a 29-year-old woman who successfully conceived following fertility-preserving surgery, a 36-year-oldwoman with an endometriotic cyst the size of an 18-week pregnancy, and a 31-year-oldwoman with bilateral cysts and extensive adhesions affecting her fallopian tubes. Advanced minimally invasive and robot-assisted techniques enabled precise treatment while preserving healthy tissue and reproductive function wherever possible.

Addressing the issue of rising endometriosis cases in India, Dr. Amita Shah, Chairman – Obstetrics & Gynaecology, Robotic Laparoscopy & Endoscopy Surgery, Manipal Hospital Gurugram, said, “Endometriosis is far more than severe period pain. It is a progressive condition that can cause chronic pain, damage reproductive organs and affect fertility, yet its symptoms are often dismissed or normalised for years. These cases highlight the complex ways the disease can affect women and the importance of timely diagnosis and treatment. In complex cases involving deep lesions, large cysts or extensive adhesions, surgical precision is critical. Robot-assisted surgery, with its high-definition 3D vision and enhanced precision, enables us to treat the disease while preserving healthy tissue and reproductive function wherever possible. No woman should have to accept debilitating pain as ‘normal’ when effective, minimally invasive treatment options are available.”

Manipal Hospital continues to advance women’s healthcare through the use of robotic and laparoscopic techniques in complex gynaecological care. By combining surgical precision with faster recovery and a focus on preserving fertility, the hospital is enabling more effective treatment for women with complex conditions. These cases also underscore the importance of early diagnosis and timely intervention in preventing disease progression and protecting long-term health and quality of life.

For more information, please visit: https://www.manipalhospitals.com/gurugram/

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NYSE Honors Victims of 9/11: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Sept. 11, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on September 11th

• The New York Stock Exchange marks a quarter-century since the 9/11 attacks with a day of remembrance.
  • The annual moment of silence will occur on the trading floor at 9:20 AM ET to honor those who lost their lives in the attacks.
  • Today’s Opening Bell will spotlight the 9/11 National Day of Service and Remembrance.
• Former NYSE Chairman + CEO Dick Grasso will join NYSE Live to discuss the closing and reopening of the Exchange after 9/11.
  • Grasso will also share his insights on how capital markets have evolved over the past 25 years.
  • Former CNBC Sr. Markets Correspondent Bob Pisani, former Goldman Sachs (NYSE: GS) partner Abby Joseph Cohen, and StoneX Sr. Advisor Jon Hilsenrath will also join programming.
• The NYSE welcomes 9/11 Day, founder and organizer of the 9/11 National Day of Service and Remembrance.
  • Intercontinental Exchange (NYSE: ICE) is a named sponsor of the 9/11 Day of Service initiative.
  • Employees are expected to volunteer across New York, Atlanta, Chicago, and Jacksonville.

Opening Bell

9/11 Day marks the National Day of Service and Remembrance in observance of the 25^th Anniversary of 9/11.

Closing Bell

The Cantor Fitzgerald Relief Fund commemorates the 25^th anniversary of September 11^th.

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/nyse-honors-victims-of-911-nyse-content-update-302876419.html

CROWN BREAKS GROUND ON THE COMPANY’S FIRST BEVERAGE CAN MANUFACTURING FACILITY IN INDIA

TAMPA, Fla., Sept. 11, 2026 /PRNewswire/ — Crown Holdings, Inc. (NYSE: CCK) celebrated on September 9, 2026 the groundbreaking of its first beverage can manufacturing facility in India, marking a major milestone in the Company’s expansion into one of the world’s fastest-growing beverage markets. The ceremony brought together Crown leaders, local government representatives, customers and guests to commemorate the start of construction on the new facility in Unnao, Uttar Pradesh.

Announced in April 2026, the state-of-the-art plant will feature two production lines with an annual capacity of approximately 2.2 billion aluminum beverage cans. Operations are scheduled to commence in the second half of 2027.

The groundbreaking ceremony, which reflected local traditions and marked the official commencement of construction, underscored Crown’s long-term commitment to India and the state of Uttar Pradesh. Following the event, Crown executives had the honor of meeting with the Honorable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath, to discuss the progress of the Company’s investment and its vision for supporting the continued growth of the beverage industry in India. During the meeting, Crown received the official land allotment letter for the project, representing another important milestone in the development of the Company’s first beverage can manufacturing facility in the country.

Djalma Novaes, Executive Vice President and Chief Operating Officer, said: “This investment reflects Crown’s confidence in the future of the Indian beverage market, and the growing role of the beverage can as a sustainable packaging solution. The Unnao facility will combine advanced manufacturing technology, operational excellence and responsible resource management to support our customers’ growth while creating long-term value for the region.”

Designed to incorporate advanced manufacturing technologies and the highest quality and sustainability standards, the facility will support growing demand for aluminum beverage cans across both alcoholic and non-alcoholic beverage categories. The investment reinforces the Company’s commitment to serving customers in high-growth markets and reflects the strong partnership Crown has established with the Government of Uttar Pradesh.

The Company continues to expect full year capital expenditures of approximately $550 million.

About Crown Holdings, Inc.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. Learn more at www.crowncork.com.

For more information, contact:

Kevin C. Clothier, Senior Vice President and Chief Financial Officer, (215) 698-5281, or

Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

View original content:https://www.prnewswire.com/in/news-releases/crown-breaks-ground-on-the-companys-first-beverage-can-manufacturing-facility-in-india-302876379.html

Bybit Opens the Floor, Inviting Users to Weigh In on Bybit AI

DUBAI, UAE, Sept. 11, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is inviting users to try Bybit AI, an AI assistant built into the Bybit app as an integrated conversational layer, and share their feedback for a chance to win 50 USDT.

From now until October 9, 2026, Bybit invites users to ask Bybit AI anything and submit genuine user reviews and suggestions that can inform ongoing improvements. Users who register for the event, try the assistant, and submit detailed accounts of their experience, including what they asked, what happened, and what could be improved, are eligible to receive 50 USDT each. Up to 500 winners will be selected based on the specificity and authenticity of their feedback.

To enhance AI education, Bybit is also hosting a new Bybit Quests challenge from now until September 20, 2026, offering users the opportunity to explore Bybit AI in-depth through educational resources and a short quiz. The top 40 scorers will each receive 25 USDT in bonus rewards.

Officially released on September 9, 2026, Bybit AI allows users to ask questions in plain language, receive instant answers and customer service, and confirm trading actions. The intelligent assistant works around the clock through conversations, and users no longer need to navigate menus or wait for a support agent for generic queries. Bybit AI currently supports account-related queries, such as checking Bybit Card spending or reviewing VIP benefits, managing account settings and notification preferences, while offering market and product intelligence from funding rates to Bybit TradFi listings.

Bybit will continue to refine Bybit AI based on user input as part of its broader effort to integrate AI-empowered customer experience across the platform. To learn more about Bybit AI, users may visit: Introduction to Bybit AI or rewatch a livestream session to see Bybit AI in action.

Terms and conditions apply. For details, users may visit: Bybit AI is live. Win 50 USDT.

#Bybit  / #NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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ICICI Prudential Life Insurance unveils ‘ICICI Life Partner Stack 2.0’ to transform digital capabilities of advisors and distribution partners

• AI-enabled tools help advisors with product recommendations and personalised quotations
• Deeper partner integration supports digital customer servicing and improves productivity
• Database integration helps pre-fill up to 70% of the application form, simplifying onboarding

MUMBAI, India, Sept. 11, 2026 /PRNewswire/ — ICICI Prudential Life Insurance has upgraded its Partner Stack with new capabilities in 2026, positioning it as ‘ICICI Life Partner Stack 2.0’. The stack brings together AI-enabled tools, deeper partner-system integrations and digital capabilities to support the Company’s advisor and distribution network across sales, onboarding and customer servicing.

The upgrade is designed to make the customer journey simpler by enabling advisors and distribution partners to identify relevant solutions, generate quotations, onboard customers and service them digitally. The eQuote App, uses an AI-based product recommender to suggest suitable products based on customer segment and life stage, while also enabling advisors to generate and share personalised quotations. LIVA, an AI-enabled chatbot, offers a conversational interface that helps advisors to access product features and quotations while interacting with customers.

Commenting on ICICI Life Partner Stack 2.0, Mr. Amish Banker, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “Our advisors and distribution partners play an important role in helping customers understand and access life insurance solutions. ICICI Life Partner Stack 2.0 is aimed to give them digital and AI-enabled tools that make everyday operations simpler and customer friendly – from identifying suitable solutions and generating quotations to onboarding and servicing. By integrating these capabilities with partner systems, we are making processes faster and more seamless so our partners can focus on understanding and serving customer needs.”

Partner Stack 2.0 also enables deeper integration with partner systems. Its integration with partner CRM platforms supports better synchronisation and customer journey management. Through API integration, partners can raise customer service requests from their own platforms, these requests are by ICICI Prudential Life Insurance and status updates are shared digitally. Group partners can also use API services to send member details, register claims and share servicing requirements.

The revamped retail and group partner portals give partners access to client details, reports, remuneration details and other servicing capabilities. To simplify onboarding, Partner Stack is integrated with multiple national databases, including UIDAI for Aadhaar, CERSAI for CKYC, Vahan for IDV, GSTN, EPFO, CAS and Perfios. These integrations can pre-fill up to 70% of the application form, reducing the need to collect and upload KYC and income documents.

The platform also provides customers with multiple premium payment options, including ASBA and WhatsApp-based payments. In addition, AI-enabled pre-issuance video verification supports underwriting by strengthening risk and fraud checks.

The scale of the Company’s digital ecosystem is reflected in over 200 partner-system integrations, 99% of business applications being received digitally. Furthermore, in Q1 FY2027, there were 27 million digital service interactions and 54% of savings policy were issued on the same day.

The Company’s focus on technology-led customer servicing is also reflected in its claims experience. ICICI Prudential Life Insurance reported an industry-leading claim settlement ratio of 99.3% in Q1-FY2027, with an average turnaround time of 1 day for non-investigated individual death claims.

About the Company

The Board of Directors recently approved a proposal to rename the Company as ‘ICICI Life Insurance Limited’, subject to relevant approvals. The Company commenced its operations in FY2001 and has consistently been amongst the top life insurance companies in India on sum assured market share and new business premium market share basis.

The Company offers an array of products in the Protection and Savings category which match the different life stage requirements of customers, enabling them to provide a financial safety net to their families as well as achieve their long-term financial goals. The digital platform of the Company provides a paperless buying experience to customers, empowers them to conduct an assortment of self-service transactions, provides a convenient route to make digital payments and facilitates a hassle-free claims settlement process.

The Company operates on the core philosophy of customer-centricity and has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to our customers.

At June 30, 2026, the Company had an AUM of Rs. 3.34 lakh crore and a total in-force sum assured of Rs. 48.06 lakh crore. It is also the first insurance Company in India to be listed on both the National Stock Exchange (NSE) Limited and Bombay Stock Exchange (BSE) Limited.

Disclaimer

Except for the historical information contained herein, statements in this release which contain words or phrases such as ‘will’, ‘expected to,’ etc., and similar expressions or variations of such expressions may constitute ‘forward-looking statements’. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for insurance and other financial products and services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology, our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. This release does not constitute an offer of securities.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/icici-prudential-life-insurance-unveils-icici-life-partner-stack-2-0-to-transform-digital-capabilities-of-advisors-and-distribution-partners-302876345.html

Engineering the Next Horizon: FAW TRUCKS Ready to Deliver in Hannover

HANNOVER, Germany, Sept. 11, 2026 /PRNewswire/ — The 72nd IAA TRANSPORTATION will run from September 14 through September 20 at the Hannover Exhibition Grounds in Germany. Under the theme “Engineering the Next Horizon, Delivering the Next Journey” FAW TRUCKS will make a strong showing with five vehicle models, including the CORTRON CS600, and nine core assemblies—opening a dialogue between its historic legacy and its exploration of the future on the global commercial vehicle stage.

During the show, the five vehicles on display will together trace FAW TRUCKS’s 70-year journey from its beginnings to industry leadership. The lineup will include three CORTRON CS tractors spanning diesel and battery-electric powertrain options. Developed for the long-haul transport market, the diesel models feature a new generation of core assemblies developed in-house, reducing vehicle fuel consumption by 15%. The battery-electric model is built on an 800 V high-voltage platform and supports dual-connector CCS2 fast charging at up to 1,000 A, with a single-connector Megawatt Charging System (MCS) available as an option. It also features a dual-motor e-axle with a peak transmission efficiency of 94.5%.

The stand will also feature nine core assemblies developed in-house, including the GD300 and ER540 Power Domains. Spanning multiple energy pathways—including conventional fuels, battery-electric power, and hydrogen—the lineup demonstrates FAW TRUCKS’s strong in-house development capabilities.

Located at Stand B10, Hall 24, the FAW TRUCKS stand features an open-plan design with four themed zones: Low Carbon, Zero Carbon, Ecosystem, and Future. These zones respectively showcase advances in energy efficiency and carbon reduction for conventional powertrains, the new-energy product portfolio, full-lifecycle solutions, and cutting-edge technologies for next-generation intelligent logistics. Each exhibit has its own QR code, while detailed product information is also available on a dedicated microsite. By integrating the on-site and online experiences, FAW TRUCKS extends the exhibition beyond the boundaries of time and place.

At this year’s exhibition, FAW TRUCKS will exhibit alongside partners including FAWER, FAWAY, FAWSN, SmartLink, and Zhuoyu Technology. Together, they will showcase FAW TRUCKS’s transformation from operating solely as a manufacturer to becoming an integrated “products + services + ecosystem” solutions provider, while creating a platform for deeper engagement with customers and the wider industry ecosystem worldwide. Looking ahead, FAW TRUCKS will remain committed to independent technology development, continue advancing its core capabilities in multi-energy powertrains and intelligent connectivity, expand the global reach of Chinese commercial vehicles, and contribute to the high-quality development of the global transport industry.

View original content:https://www.prnewswire.co.uk/news-releases/engineering-the-next-horizon-faw-trucks-ready-to-deliver-in-hannover-302876324.html

Phi Commerce goes beyond payments with new UPI credit, issuer and open-commerce infrastructure

MUMBAI, India, Sept. 11, 2026 /PRNewswire/ — Phi Commerce, a payment technology company, today announced a set of new platforms and strategic initiatives at Global Fintech Fest 2026 spanning UPI-native credit, bank issuer infrastructure, net-banking connectivity and open-commerce financing.

The announcements reflect Phi Commerce’s expanding focus from enabling digital payments to building technology infrastructure through which banks, payment aggregators and digital-commerce platforms can deliver new payment and credit experiences.

Bringing credit onto UPI

Phi Commerce has launched Credit Line on UPI (CLOU), a pre-approved credit facility integrated directly with a user’s UPI ID. Powered by PhiAMS, CLOU enables banks to extend UPI-native credit for everyday and small-ticket purchases across the existing UPI merchant ecosystem.

Unlike a RuPay credit card, which requires issuing a physical or virtual card and linking it to UPI, CLOU provides a virtual credit line directly through the UPI journey. Banks can identify eligible customers, assign risk-graded credit limits, communicate pre-approved offers, and enable customers to consent to and activate the facility digitally.

For banks, CLOU brings together credit assessment, credit-line creation, consent and activation, transaction processing, risk controls, billing, payments and collections on a unified platform.

A new infrastructure layer for card and credit issuance

Phi Commerce has also unveiled PhiAMS, its cloud-native, API-first card and account management platform designed for banks and other financial institutions.

Built around a modular, event-driven microservices architecture, PhiAMS supports the credit lifecycle from origination and product configuration through limit management, authorisation, billing, payments, collections, risk and customer servicing. The platform supports multiple credit products, including retail and corporate cards, virtual cards, BNPL, and co-branded programmes.

PhiAMS helps banks launch and customise products faster while reducing dependency across technology layers. Its capabilities include automated credit assessment using AI, configurable product and credit controls, fraud and risk management, and regulatory features such as audit logs, data localisation, and maker/checker-based controls.

Making net-banking payments more interoperable

Phi Commerce is also expanding its payment infrastructure through Bharat Connect, the centralised interoperable platform developed by NBBL to simplify net-banking payments for payment aggregators.

Through Phi BCaaS, Phi Commerce enables payment aggregators to seamlessly onboard the net-banking layer using standard protocols, simplifying integration and deployment.

This extends Phi Commerce’s payment technology stack across the acquiring ecosystem, alongside its issuing-side capabilities through PhiAMS and CLOU.

Taking credit into open commerce

Phi Commerce has entered into a strategic partnership with the Open Network for Digital Commerce (ONDC) to become a payment aggregator on ONDC’s credit rails, with an initial affordability proposition focused on health and life insurance.

The initiative connects insurance providers with multiple lenders over standard digital rails, allowing large annual premiums to be converted into manageable monthly payments. For example, a ₹30,000 annual premium can be converted into monthly payments of ₹2,500.

The infrastructure is designed to simplify lender connectivity, accelerate deployment and reduce distribution complexity, while creating the potential to extend financing-led affordability into other sectors such as retail, education and healthcare.

Building what comes after payments

“India has built extraordinary digital infrastructure for moving money. The next opportunity is to build the infrastructure that allows banks and businesses to put that scale to work across credit, commerce and new financial products,” said Rajesh Londhe, Co-founder, Phi Commerce.

The new offerings expand Phi Commerce’s technology stack across both sides of the payments ecosystem, from issuing and managing credit products for banks through PhiAMS and CLOU, to enabling acquiring and payment connectivity through its Bharat Connect capabilities. Together, they reflect Phi Commerce’s broader focus on building a unified payment technology platform that enables financial institutions and businesses to build, manage and scale digital payment and credit products.

For more information, visit: https://phicommerce.com/

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