SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion deal. But SoftBank’s role as a major investor in OpenAI is raising questions about whether AI’s biggest deals are creating real economic value or just moving money in circles.
On TechCrunch’s Equity podcast, Kirsten Korosec, Anthony Ha, and AI editor Russell Brandom break down why this deal has people skeptical, and what it signals about the sustainability of AI’s current investment model, and more.
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TMD’s first bicycle lock combines a Bluetooth proximity sensor and motion alarm with a slender core of hardened steel chain wrapped in a soft and lightweight sleeve of high performance Dyneema and Kevlar fibers. That makes this lock tough, yet flexible enough to conveniently wrap around your seat post when cycling. TMD also designed the keyless lock to be shareable with friends and family, and capable of withstanding shock, rain, dust, and extreme temperatures. That makes it highly suited to city bikes parked outside and ridden all year long.
I like the TMD Chain Lock I’ve been testing, but spending €249 (about $283) on something that typically costs far less is a big ask.
$280
The Good
Strong yet flexible lock won’t scratch bike
Digital key can be shared with friends and family
Convenient if you lock your bike several times a day
ART-2 certified for insurance
Loud enough alarm
The Bad
Very expensive
Lacks USB-C charging
Annoying operating sounds
The chasm separating ATM security from bike security isn’t as wide as it might seem. TMD developed a centralized, keyless system for banks to authorize access to its ATMs for service, replacing the physical master keys that created a massive security risk whenever they were lost or stolen. It’s this same keyless knowhow that TMD now brings to the Bluetooth bike lock.
There are many advantages to turning phones into digital keys, especially in bike-centric societies like the Netherlands, which TMD calls home. For example, I could ride to the train station and have an authorized friend pick the bike up later. And the keyless convenience quickly adds up for those of us that use our bikes to commute to work, pick up the kids from daycare and football, run errands, and shop for groceries. In my home city of Amsterdam, it’s not unusual to grab my keys more than a dozen times a day to lock and unlock my bike.
I tested the TMD Bike Lock in the 110cm (about 3.5 feet) length with an iPhone 15 Pro running the latest version of iOS. Generally — I’d say 19 out of every 20 attempts — the TMD Chain Lock immediately recognized my approach, allowing me to seamlessly unlock it with a push on the lock’s only button. When I did have to wait, it took no more than a second for the button to flash blue, indicating the lock had detected my nearby phone in a pocket or bag. Pretty good, but that convenience comes with some tradeoffs.
The bike sat unlocked across the street since it was still within Bluetooth range of my phone at this cafe.
My bike, parked outside this window, would automatically unlock whenever I cooked.
Charging the lock off my laptop. It’ll also charge off a phone’s USB-C port.
Don’t lose this proprietary charging cable!
For example, my bike remained within range of my phone when parked outside a cafe, so anyone could have walked up and unlocked it. I had the same issue when cooking in my kitchen with the bike parked just outside the window, as I normally do. In both cases, I either had to move the bike or turn off my phone’s Bluetooth radio. And since my phone is now my bike key, if it’s stolen, my much more expensive e-bike is vulnerable as well.
TMD says its Chain Lock is “immune to conventional drilling and picking,” but all bike locks can be defeated by a determined thief. The Chain Lock has earned an ART-2 certification issued by an independent Dutch organization that tests and certifies bike locks on a scale from one to five. Most Dutch insurance companies require ART-2 at a minimum to validate policies on expensive e-bikes and cargo bikes. It’s akin to something like a Sold Secure Silver or Gold rating in the UK, a 2 Roues in France, and VdS approval in Germany. (The US and Canada do not have a single, centralized, independent testing body that dictates insurance requirements for bicycles.) Should your bike be stolen, you can produce a digital log file for the insurance company from within the TMD app as official proof that your bike was locked.
To deter theft, the lock also features an integrated motion alarm that can be armed and disarmed in the app or with a double press of the lock’s button. At 100dB it’s less shrill than I expected, but it does the job when it senses the lock being jostled. It shuts off automatically after about 10 seconds of inactivity.
TMD tells me that a future software update will let you disable these sounds.
The lock is rather noisy in day-to-day usage. Unlocking it is accompanied by a loud tone that hits 75dB when measured at a distance of one meter. I hate that it draws attention to me and my expensive e-bike. Just flash green and unlock — that’s more than enough. TMD tells me that a future software update will let you disable these sounds.
TMD claims the lock’s battery will last up to nine months on a single charge. However, my test unit has already dropped 16 percent after a week of testing, suggesting a lifespan closer to six or seven weeks. But that’s likely because I store my bikes inside my house when not in use, so the lock’s Bluetooth radio is constantly being lit up by my phone’s proximity.
To prevent water and dust ingress and leave more room for the battery and speaker, TMD says it opted for a shallow magnetic pin connector – not USB-C – to charge the Chain Lock. That’s a shame because plenty of phones have USB-C ports and offer even better IP68/69 protection against rain and debris. That means you’ll need to have the lock’s proprietary cable on you should you ignore the low-battery warnings and let it die. It can be quickly recovered, however: I saw a completely dead (and locked) Chain Lock spring back to life after just two or three minutes of charging off the USB-C port of an iPhone.
You can still unlock the TMD Chain Lock should your phone die. You just have to tap in your four digit “emergency code” on the lock’s button. Choosing a code like 1324 would require 1 push, then 3 pushes, then 2, and 4. The ring around the button changes colors to visually prompt you for each new number. The TMD app also lets you share the lock with friends and family, who can also come to your rescue with their own phones.
1/6100cm is my preferred length.
For added peace of mind, it’s always a good idea to double-lock your bike, so most urban cyclists combine a chain lock with a ring lock that’s permanently mounted to the frame and prevents the rear wheel from spinning. TMD has already announced an “anti angle grinder” U-Lock and GPS-equipped Ring Lock coming later this year. Having my phone unlock both of my bike’s locks simultaneously would really up the convenience factor and better justify TMD’s pricing.
Right now, paying €249 when equivalent analog bike locks costs a quarter of that would be foolish for most people. The ART-2 certified ABUS 8900, for example, in the same flexible 110cm length, costs around €60 (about $68). If you can afford the TMD Chain Lock and really hate keys, or need a keyless lock that can be shared digitally with others, then have at it. Otherwise, it won’t justify its exorbitant price.
Security rating: ART-2 certified
Operation: Keyless Bluetooth
Deterrence: Motion activated 100dB alarm
TMD Locks App: Manages sharing, location tracking and more (iOS and Android compatible)
Sizes: 70cm (1.3kg), 110cm (1.7kg) and 160cm (2.1kg)
Colorways: Navy, Beige and Black
Power: 9 month battery life. Charge to 100% in 2 Hours
Durability: IP57 water and dust resistant
Warranty: 2 years
Pricing: from €229
All photography by Thomas Ricker / The Verge
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
TMD’s first bicycle lock combines a Bluetooth proximity sensor and motion alarm with a slender core of hardened steel chain wrapped in a soft and lightweight sleeve of high performance Dyneema and Kevlar fibers. That makes this lock tough, yet flexible enough to conveniently wrap around your seat post when cycling. TMD also designed the keyless lock to be shareable with friends and family, and capable of withstanding shock, rain, dust, and extreme temperatures. That makes it highly suited to city bikes parked outside and ridden all year long.
I like the TMD Chain Lock I’ve been testing, but spending €249 (about $283) on something that typically costs far less is a big ask.
$280
The Good
Strong yet flexible lock won’t scratch bike
Digital key can be shared with friends and family
Convenient if you lock your bike several times a day
ART-2 certified for insurance
Loud enough alarm
The Bad
Very expensive
Lacks USB-C charging
Annoying operating sounds
The chasm separating ATM security from bike security isn’t as wide as it might seem. TMD developed a centralized, keyless system for banks to authorize access to its ATMs for service, replacing the physical master keys that created a massive security risk whenever they were lost or stolen. It’s this same keyless knowhow that TMD now brings to the Bluetooth bike lock.
There are many advantages to turning phones into digital keys, especially in bike-centric societies like the Netherlands, which TMD calls home. For example, I could ride to the train station and have an authorized friend pick the bike up later. And the keyless convenience quickly adds up for those of us that use our bikes to commute to work, pick up the kids from daycare and football, run errands, and shop for groceries. In my home city of Amsterdam, it’s not unusual to grab my keys more than a dozen times a day to lock and unlock my bike.
I tested the TMD Bike Lock in the 110cm (about 3.5 feet) length with an iPhone 15 Pro running the latest version of iOS. Generally — I’d say 19 out of every 20 attempts — the TMD Chain Lock immediately recognized my approach, allowing me to seamlessly unlock it with a push on the lock’s only button. When I did have to wait, it took no more than a second for the button to flash blue, indicating the lock had detected my nearby phone in a pocket or bag. Pretty good, but that convenience comes with some tradeoffs.
The bike sat unlocked across the street since it was still within Bluetooth range of my phone at this cafe.
My bike, parked outside this window, would automatically unlock whenever I cooked.
Charging the lock off my laptop. It’ll also charge off a phone’s USB-C port.
Don’t lose this proprietary charging cable!
For example, my bike remained within range of my phone when parked outside a cafe, so anyone could have walked up and unlocked it. I had the same issue when cooking in my kitchen with the bike parked just outside the window, as I normally do. In both cases, I either had to move the bike or turn off my phone’s Bluetooth radio. And since my phone is now my bike key, if it’s stolen, my much more expensive e-bike is vulnerable as well.
TMD says its Chain Lock is “immune to conventional drilling and picking,” but all bike locks can be defeated by a determined thief. The Chain Lock has earned an ART-2 certification issued by an independent Dutch organization that tests and certifies bike locks on a scale from one to five. Most Dutch insurance companies require ART-2 at a minimum to validate policies on expensive e-bikes and cargo bikes. It’s akin to something like a Sold Secure Silver or Gold rating in the UK, a 2 Roues in France, and VdS approval in Germany. (The US and Canada do not have a single, centralized, independent testing body that dictates insurance requirements for bicycles.) Should your bike be stolen, you can produce a digital log file for the insurance company from within the TMD app as official proof that your bike was locked.
To deter theft, the lock also features an integrated motion alarm that can be armed and disarmed in the app or with a double press of the lock’s button. At 100dB it’s less shrill than I expected, but it does the job when it senses the lock being jostled. It shuts off automatically after about 10 seconds of inactivity.
TMD tells me that a future software update will let you disable these sounds.
The lock is rather noisy in day-to-day usage. Unlocking it is accompanied by a loud tone that hits 75dB when measured at a distance of one meter. I hate that it draws attention to me and my expensive e-bike. Just flash green and unlock — that’s more than enough. TMD tells me that a future software update will let you disable these sounds.
TMD claims the lock’s battery will last up to nine months on a single charge. However, my test unit has already dropped 16 percent after a week of testing, suggesting a lifespan closer to six or seven weeks. But that’s likely because I store my bikes inside my house when not in use, so the lock’s Bluetooth radio is constantly being lit up by my phone’s proximity.
To prevent water and dust ingress and leave more room for the battery and speaker, TMD says it opted for a shallow magnetic pin connector – not USB-C – to charge the Chain Lock. That’s a shame because plenty of phones have USB-C ports and offer even better IP68/69 protection against rain and debris. That means you’ll need to have the lock’s proprietary cable on you should you ignore the low-battery warnings and let it die. It can be quickly recovered, however: I saw a completely dead (and locked) Chain Lock spring back to life after just two or three minutes of charging off the USB-C port of an iPhone.
You can still unlock the TMD Chain Lock should your phone die. You just have to tap in your four digit “emergency code” on the lock’s button. Choosing a code like 1324 would require 1 push, then 3 pushes, then 2, and 4. The ring around the button changes colors to visually prompt you for each new number. The TMD app also lets you share the lock with friends and family, who can also come to your rescue with their own phones.
1/6100cm is my preferred length.
For added peace of mind, it’s always a good idea to double-lock your bike, so most urban cyclists combine a chain lock with a ring lock that’s permanently mounted to the frame and prevents the rear wheel from spinning. TMD has already announced an “anti angle grinder” U-Lock and GPS-equipped Ring Lock coming later this year. Having my phone unlock both of my bike’s locks simultaneously would really up the convenience factor and better justify TMD’s pricing.
Right now, paying €249 when equivalent analog bike locks costs a quarter of that would be foolish for most people. The ART-2 certified ABUS 8900, for example, in the same flexible 110cm length, costs around €60 (about $68). If you can afford the TMD Chain Lock and really hate keys, or need a keyless lock that can be shared digitally with others, then have at it. Otherwise, it won’t justify its exorbitant price.
Security rating: ART-2 certified
Operation: Keyless Bluetooth
Deterrence: Motion activated 100dB alarm
TMD Locks App: Manages sharing, location tracking and more (iOS and Android compatible)
Sizes: 70cm (1.3kg), 110cm (1.7kg) and 160cm (2.1kg)
Colorways: Navy, Beige and Black
Power: 9 month battery life. Charge to 100% in 2 Hours
Durability: IP57 water and dust resistant
Warranty: 2 years
Pricing: from €229
All photography by Thomas Ricker / The Verge
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Thomas Ricker
#TMDs #keyless #bike #lock #solution #problemElectric Bikes,Reviews,Rideables,Tech,Transportation">TMD’s keyless bike lock is a $280 solution to a $60 problem
I’ve seen lots of so-called “smart” bike locks over the years, but none so far could justify the added cost. A newcomer that got its start securing ATMs for banks is trying to change that. There’s nothing wholly unique about the TMD Chain Lock, but the combination of materials, performance, and insurance-friendly ART-2 certification makes it worth considering.
TMD’s first bicycle lock combines a Bluetooth proximity sensor and motion alarm with a slender core of hardened steel chain wrapped in a soft and lightweight sleeve of high performance Dyneema and Kevlar fibers. That makes this lock tough, yet flexible enough to conveniently wrap around your seat post when cycling. TMD also designed the keyless lock to be shareable with friends and family, and capable of withstanding shock, rain, dust, and extreme temperatures. That makes it highly suited to city bikes parked outside and ridden all year long.
I like the TMD Chain Lock I’ve been testing, but spending €249 (about $283) on something that typically costs far less is a big ask.
$280
The Good
Strong yet flexible lock won’t scratch bike
Digital key can be shared with friends and family
Convenient if you lock your bike several times a day
ART-2 certified for insurance
Loud enough alarm
The Bad
Very expensive
Lacks USB-C charging
Annoying operating sounds
The chasm separating ATM security from bike security isn’t as wide as it might seem. TMD developed a centralized, keyless system for banks to authorize access to its ATMs for service, replacing the physical master keys that created a massive security risk whenever they were lost or stolen. It’s this same keyless knowhow that TMD now brings to the Bluetooth bike lock.
There are many advantages to turning phones into digital keys, especially in bike-centric societies like the Netherlands, which TMD calls home. For example, I could ride to the train station and have an authorized friend pick the bike up later. And the keyless convenience quickly adds up for those of us that use our bikes to commute to work, pick up the kids from daycare and football, run errands, and shop for groceries. In my home city of Amsterdam, it’s not unusual to grab my keys more than a dozen times a day to lock and unlock my bike.
I tested the TMD Bike Lock in the 110cm (about 3.5 feet) length with an iPhone 15 Pro running the latest version of iOS. Generally — I’d say 19 out of every 20 attempts — the TMD Chain Lock immediately recognized my approach, allowing me to seamlessly unlock it with a push on the lock’s only button. When I did have to wait, it took no more than a second for the button to flash blue, indicating the lock had detected my nearby phone in a pocket or bag. Pretty good, but that convenience comes with some tradeoffs.
The bike sat unlocked across the street since it was still within Bluetooth range of my phone at this cafe.
My bike, parked outside this window, would automatically unlock whenever I cooked.
Charging the lock off my laptop. It’ll also charge off a phone’s USB-C port.
Don’t lose this proprietary charging cable!
For example, my bike remained within range of my phone when parked outside a cafe, so anyone could have walked up and unlocked it. I had the same issue when cooking in my kitchen with the bike parked just outside the window, as I normally do. In both cases, I either had to move the bike or turn off my phone’s Bluetooth radio. And since my phone is now my bike key, if it’s stolen, my much more expensive e-bike is vulnerable as well.
TMD says its Chain Lock is “immune to conventional drilling and picking,” but all bike locks can be defeated by a determined thief. The Chain Lock has earned an ART-2 certification issued by an independent Dutch organization that tests and certifies bike locks on a scale from one to five. Most Dutch insurance companies require ART-2 at a minimum to validate policies on expensive e-bikes and cargo bikes. It’s akin to something like a Sold Secure Silver or Gold rating in the UK, a 2 Roues in France, and VdS approval in Germany. (The US and Canada do not have a single, centralized, independent testing body that dictates insurance requirements for bicycles.) Should your bike be stolen, you can produce a digital log file for the insurance company from within the TMD app as official proof that your bike was locked.
To deter theft, the lock also features an integrated motion alarm that can be armed and disarmed in the app or with a double press of the lock’s button. At 100dB it’s less shrill than I expected, but it does the job when it senses the lock being jostled. It shuts off automatically after about 10 seconds of inactivity.
TMD tells me that a future software update will let you disable these sounds.
The lock is rather noisy in day-to-day usage. Unlocking it is accompanied by a loud tone that hits 75dB when measured at a distance of one meter. I hate that it draws attention to me and my expensive e-bike. Just flash green and unlock — that’s more than enough. TMD tells me that a future software update will let you disable these sounds.
TMD claims the lock’s battery will last up to nine months on a single charge. However, my test unit has already dropped 16 percent after a week of testing, suggesting a lifespan closer to six or seven weeks. But that’s likely because I store my bikes inside my house when not in use, so the lock’s Bluetooth radio is constantly being lit up by my phone’s proximity.
To prevent water and dust ingress and leave more room for the battery and speaker, TMD says it opted for a shallow magnetic pin connector – not USB-C – to charge the Chain Lock. That’s a shame because plenty of phones have USB-C ports and offer even better IP68/69 protection against rain and debris. That means you’ll need to have the lock’s proprietary cable on you should you ignore the low-battery warnings and let it die. It can be quickly recovered, however: I saw a completely dead (and locked) Chain Lock spring back to life after just two or three minutes of charging off the USB-C port of an iPhone.
You can still unlock the TMD Chain Lock should your phone die. You just have to tap in your four digit “emergency code” on the lock’s button. Choosing a code like 1324 would require 1 push, then 3 pushes, then 2, and 4. The ring around the button changes colors to visually prompt you for each new number. The TMD app also lets you share the lock with friends and family, who can also come to your rescue with their own phones.
1/6100cm is my preferred length.
For added peace of mind, it’s always a good idea to double-lock your bike, so most urban cyclists combine a chain lock with a ring lock that’s permanently mounted to the frame and prevents the rear wheel from spinning. TMD has already announced an “anti angle grinder” U-Lock and GPS-equipped Ring Lock coming later this year. Having my phone unlock both of my bike’s locks simultaneously would really up the convenience factor and better justify TMD’s pricing.
Right now, paying €249 when equivalent analog bike locks costs a quarter of that would be foolish for most people. The ART-2 certified ABUS 8900, for example, in the same flexible 110cm length, costs around €60 (about $68). If you can afford the TMD Chain Lock and really hate keys, or need a keyless lock that can be shared digitally with others, then have at it. Otherwise, it won’t justify its exorbitant price.
Security rating: ART-2 certified
Operation: Keyless Bluetooth
Deterrence: Motion activated 100dB alarm
TMD Locks App: Manages sharing, location tracking and more (iOS and Android compatible)
Sizes: 70cm (1.3kg), 110cm (1.7kg) and 160cm (2.1kg)
Colorways: Navy, Beige and Black
Power: 9 month battery life. Charge to 100% in 2 Hours
Durability: IP57 water and dust resistant
Warranty: 2 years
Pricing: from €229
All photography by Thomas Ricker / The Verge
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
In the U.S., startups and public companies are racing to add AI to finance. Coinbase and Robinhood now allow agents to trade on users’ behalf, and OpenAI lets you load personal account data into ChatGPT to get financial advice. NPCI has shown some demos around agentic commerce and payments with Razorpay last year. However, there hasn’t been a wider rollout of some of these capabilities.
NPCI’s CEO thinks that with robust regulations and a framework, India can also adopt AI-powered finance. He said that there should be enough protection for users and mitigation for risk — and in case something goes wrong, the system should be able to look at the instructions and consent given by the user to an agent.
Besides the usage of models, Asbe thinks that the Indian finance ecosystem has an opportunity to build small language models.
“We believe that the models will differentiate from each other based on the data sets that are made available to them,” he said. “We have a very rich data set in our ecosystem. I think there is a big opportunity for Indian companies — the banks, FinTechs, and the ecosystem — to create small language models which are sharp, specific, and as deterministic as possible.”
Last year, NPCI launched a model called FIMI to solve user disputes. Asbe noted that it is serving over a million users to cancel mandates and resolve issues, and is scaling fast.
During the conversation, Asbe said that UPI apps have very low switching costs and most core features are shared. He noted that PhonePe and Google have poured millions into their apps to attain their market position. He said that if new apps find viable business models within the fintech ecosystem, their share will rise.
“I believe that there are multiple issues why we see this concentration risk exist, and one of the important reasons is the availability of a viable commercial model. The moment we see the commercial model being available to the ecosystem, I believe newer players will start investing very heavily,” Asbe said.
In 2024, the payment body spun off its BHIM UPI app to make it more competitive and grow its usage. While its transaction volume has grown, its overall market share is around 1%. Asbe said that with BHIM, there is no particular target market share NPCI is eyeing. But it wants to make it a sovereign and secure alternative to other apps, Asbe said.
India is one of the biggest digital economies, and investors around the world will be looking at the regulatory landscape to put money into newer fintech solutions and make the market more competitive.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
In the U.S., startups and public companies are racing to add AI to finance. Coinbase and Robinhood now allow agents to trade on users’ behalf, and OpenAI lets you load personal account data into ChatGPT to get financial advice. NPCI has shown some demos around agentic commerce and payments with Razorpay last year. However, there hasn’t been a wider rollout of some of these capabilities.
NPCI’s CEO thinks that with robust regulations and a framework, India can also adopt AI-powered finance. He said that there should be enough protection for users and mitigation for risk — and in case something goes wrong, the system should be able to look at the instructions and consent given by the user to an agent.
Besides the usage of models, Asbe thinks that the Indian finance ecosystem has an opportunity to build small language models.
“We believe that the models will differentiate from each other based on the data sets that are made available to them,” he said. “We have a very rich data set in our ecosystem. I think there is a big opportunity for Indian companies — the banks, FinTechs, and the ecosystem — to create small language models which are sharp, specific, and as deterministic as possible.”
Last year, NPCI launched a model called FIMI to solve user disputes. Asbe noted that it is serving over a million users to cancel mandates and resolve issues, and is scaling fast.
During the conversation, Asbe said that UPI apps have very low switching costs and most core features are shared. He noted that PhonePe and Google have poured millions into their apps to attain their market position. He said that if new apps find viable business models within the fintech ecosystem, their share will rise.
“I believe that there are multiple issues why we see this concentration risk exist, and one of the important reasons is the availability of a viable commercial model. The moment we see the commercial model being available to the ecosystem, I believe newer players will start investing very heavily,” Asbe said.
In 2024, the payment body spun off its BHIM UPI app to make it more competitive and grow its usage. While its transaction volume has grown, its overall market share is around 1%. Asbe said that with BHIM, there is no particular target market share NPCI is eyeing. But it wants to make it a sovereign and secure alternative to other apps, Asbe said.
India is one of the biggest digital economies, and investors around the world will be looking at the regulatory landscape to put money into newer fintech solutions and make the market more competitive.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
#Indian #payments #chief #thinks #heavily #involved #era #digital #payment #growth #TechCrunchIndia,Fintech,UPI">Indian payments chief thinks AI will be heavily involved in next era of digital payment growth | TechCrunch
India’s digital payment share has increased over the years, with the Unified Payment Interface (UPI) growing to over 750 million daily transactions. With an aim to reach over a billion daily transactions, Dilip Asbe, MD and CEO of the National Payments Corporation of India, which oversees UPI, thinks AI would be heavily involved in the next phase for user growth, fraud prevention, and credit distribution.
During an interview with TechCrunch at Mumbai Tech Week (MTW) 2026 last month, Asbe said AI could drive the next half a billion users with NPCI, India’s central bank, and the government working together.
“AI will be used very effectively when we look at the next wave of UPI, and that includes all aspects, including reaching new users. We must use AI effectively to protect our current citizens, to find fraud, and to find mules. AI must also be used to provide credit to all the users and merchants who have digital footprints,” he said. “We must use AI to look at the voice and multilingual solutions to make onboarding simpler.”
Many companies have talked about voice as an interface being important in India for chatting with companies or systems. Asbe believes that it is early days for that, as voice models will need to be more accurate. NPCI launched a voice assistant-based interactive system in 2023. Asbe noted that adoption for that yet to take off, and with the right use case, voice can become a critical component in the payment ecosystem.
AI in finance and regulations
In the U.S., startups and public companies are racing to add AI to finance. Coinbase and Robinhood now allow agents to trade on users’ behalf, and OpenAI lets you load personal account data into ChatGPT to get financial advice. NPCI has shown some demos around agentic commerce and payments with Razorpay last year. However, there hasn’t been a wider rollout of some of these capabilities.
NPCI’s CEO thinks that with robust regulations and a framework, India can also adopt AI-powered finance. He said that there should be enough protection for users and mitigation for risk — and in case something goes wrong, the system should be able to look at the instructions and consent given by the user to an agent.
Besides the usage of models, Asbe thinks that the Indian finance ecosystem has an opportunity to build small language models.
“We believe that the models will differentiate from each other based on the data sets that are made available to them,” he said. “We have a very rich data set in our ecosystem. I think there is a big opportunity for Indian companies — the banks, FinTechs, and the ecosystem — to create small language models which are sharp, specific, and as deterministic as possible.”
Last year, NPCI launched a model called FIMI to solve user disputes. Asbe noted that it is serving over a million users to cancel mandates and resolve issues, and is scaling fast.
During the conversation, Asbe said that UPI apps have very low switching costs and most core features are shared. He noted that PhonePe and Google have poured millions into their apps to attain their market position. He said that if new apps find viable business models within the fintech ecosystem, their share will rise.
“I believe that there are multiple issues why we see this concentration risk exist, and one of the important reasons is the availability of a viable commercial model. The moment we see the commercial model being available to the ecosystem, I believe newer players will start investing very heavily,” Asbe said.
In 2024, the payment body spun off its BHIM UPI app to make it more competitive and grow its usage. While its transaction volume has grown, its overall market share is around 1%. Asbe said that with BHIM, there is no particular target market share NPCI is eyeing. But it wants to make it a sovereign and secure alternative to other apps, Asbe said.
India is one of the biggest digital economies, and investors around the world will be looking at the regulatory landscape to put money into newer fintech solutions and make the market more competitive.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Nomad eSIM offers a practical solution that helps remote workers stay connected without a complex setup. It removes the need for physical SIM cards and allows quick access to mobile data across regions. This article explains why remote professionals rely on this technology and how it supports their work routine.
Reliable Access to Mobile Data Anywhere
Remote workers need a connection that stays available across different locations. Public Wi-Fi may not always provide stable performance, and it can create interruptions during important tasks. A dependable data source becomes essential in such situations.
An eSIM provides direct access to mobile networks without extra steps. This ensures that workers can stay connected even when Wi-Fi is not reliable. With consistent data access, daily tasks continue without disruption.
Fast Setup Without Technical Delays
Time matters when work depends on a stable connection. Traditional SIM cards require manual setup, which can take longer than expected. Any delay in activation can affect schedules and deadlines.
An eSIM allows quick activation through a simple process. A QR code scan completes the setup within minutes, and the device connects to a supported network. This speed helps remote workers start their tasks without waiting.
Easy Movement Across Regions
Many remote professionals travel while they work. Moving between locations can create connectivity issues if each region requires a new SIM card. This process can interrupt workflow and add unnecessary effort.
An eSIM supports multiple regions within one plan. The device connects to local networks without manual changes, which keeps the connection active during travel. This seamless transition helps workers focus on their tasks instead of setting up.
Better Control Over Data Usage
Managing data usage plays an important role in remote work. Tasks such as video calls, file transfers, and cloud access can consume a large amount of data. Without proper control, usage can exceed limits quickly.
An eSIM allows users to track and adjust data usage directly on their device. This control helps remote workers plan their usage and avoid sudden interruptions. It also ensures that data remains available when needed.
Secure Alternative to Public Wi-Fi
Public Wi-Fi networks may not always provide a safe connection. Security risks can affect sensitive work data and create concerns for remote professionals. A secure connection becomes necessary for tasks that involve private information.
Mobile data through an eSIM offers a safer option compared to open networks. It reduces exposure to security risks and provides a more controlled environment. This adds confidence while handling work tasks on the move.
No Physical SIM Management Required
Handling physical SIM cards can feel inconvenient during travel. You need to remove, store, and replace cards when you move between regions. This process may lead to loss or damage.
An eSIM removes the need for physical handling. Everything stays within the device, which makes management simple and efficient. Remote workers can focus on their work without dealing with small hardware changes.
Flexibility for Changing Work Needs
Work demands can change based on projects and schedules. Some days require heavy data usage, while others involve lighter tasks. A fixed plan may not suit these changing needs.
A Nomad eSIM allows users to adjust their plans based on usage. They can upgrade or modify data limits without delay. This flexibility ensures that connectivity supports their work at all times.
Consistent Performance in Urban and Remote Areas
Remote workers may operate in different environments, from busy cities to quieter locations. Network strength can vary, which affects performance and speed. A weak connection can slow down work and cause delays.
An eSIM connects to partner networks that provide coverage in various regions. This helps maintain a stable connection in most locations. With better consistency, remote workers can complete tasks without interruption.
Real Work Experience with eSIM
Professionals who rely on a Nomad eSIM notice how it simplifies their daily routine. They no longer need to search for SIM cards or adjust settings during travel. The connection starts quickly and stays active across different regions.
This convenience allows them to focus on work without distraction. Meetings, emails, and file sharing continue without delay. The overall experience feels smooth and reliable, even during frequent travel.
Remote work depends on stable and efficient connectivity. Traditional options may not always meet the demands of a mobile work routine. A flexible and reliable solution becomes essential for productivity.
An eSIM provides that solution by offering quick setup, strong data access, and easy management. It supports remote workers in different locations and helps them stay connected without effort. With the right approach, it becomes a valuable tool for modern work lifestyles.
Nomad eSIM offers a practical solution that helps remote workers stay connected without a complex setup. It removes the need for physical SIM cards and allows quick access to mobile data across regions. This article explains why remote professionals rely on this technology and how it supports their work routine.
Reliable Access to Mobile Data Anywhere
Remote workers need a connection that stays available across different locations. Public Wi-Fi may not always provide stable performance, and it can create interruptions during important tasks. A dependable data source becomes essential in such situations.
An eSIM provides direct access to mobile networks without extra steps. This ensures that workers can stay connected even when Wi-Fi is not reliable. With consistent data access, daily tasks continue without disruption.
Fast Setup Without Technical Delays
Time matters when work depends on a stable connection. Traditional SIM cards require manual setup, which can take longer than expected. Any delay in activation can affect schedules and deadlines.
An eSIM allows quick activation through a simple process. A QR code scan completes the setup within minutes, and the device connects to a supported network. This speed helps remote workers start their tasks without waiting.
Easy Movement Across Regions
Many remote professionals travel while they work. Moving between locations can create connectivity issues if each region requires a new SIM card. This process can interrupt workflow and add unnecessary effort.
An eSIM supports multiple regions within one plan. The device connects to local networks without manual changes, which keeps the connection active during travel. This seamless transition helps workers focus on their tasks instead of setting up.
Better Control Over Data Usage
Managing data usage plays an important role in remote work. Tasks such as video calls, file transfers, and cloud access can consume a large amount of data. Without proper control, usage can exceed limits quickly.
An eSIM allows users to track and adjust data usage directly on their device. This control helps remote workers plan their usage and avoid sudden interruptions. It also ensures that data remains available when needed.
Secure Alternative to Public Wi-Fi
Public Wi-Fi networks may not always provide a safe connection. Security risks can affect sensitive work data and create concerns for remote professionals. A secure connection becomes necessary for tasks that involve private information.
Mobile data through an eSIM offers a safer option compared to open networks. It reduces exposure to security risks and provides a more controlled environment. This adds confidence while handling work tasks on the move.
No Physical SIM Management Required
Handling physical SIM cards can feel inconvenient during travel. You need to remove, store, and replace cards when you move between regions. This process may lead to loss or damage.
An eSIM removes the need for physical handling. Everything stays within the device, which makes management simple and efficient. Remote workers can focus on their work without dealing with small hardware changes.
Flexibility for Changing Work Needs
Work demands can change based on projects and schedules. Some days require heavy data usage, while others involve lighter tasks. A fixed plan may not suit these changing needs.
A Nomad eSIM allows users to adjust their plans based on usage. They can upgrade or modify data limits without delay. This flexibility ensures that connectivity supports their work at all times.
Consistent Performance in Urban and Remote Areas
Remote workers may operate in different environments, from busy cities to quieter locations. Network strength can vary, which affects performance and speed. A weak connection can slow down work and cause delays.
An eSIM connects to partner networks that provide coverage in various regions. This helps maintain a stable connection in most locations. With better consistency, remote workers can complete tasks without interruption.
Real Work Experience with eSIM
Professionals who rely on a Nomad eSIM notice how it simplifies their daily routine. They no longer need to search for SIM cards or adjust settings during travel. The connection starts quickly and stays active across different regions.
This convenience allows them to focus on work without distraction. Meetings, emails, and file sharing continue without delay. The overall experience feels smooth and reliable, even during frequent travel.
Remote work depends on stable and efficient connectivity. Traditional options may not always meet the demands of a mobile work routine. A flexible and reliable solution becomes essential for productivity.
An eSIM provides that solution by offering quick setup, strong data access, and easy management. It supports remote workers in different locations and helps them stay connected without effort. With the right approach, it becomes a valuable tool for modern work lifestyles.
#ReasonsRemote #Workers #Depend #eSIM #ConnectivityeSIM">Reasons Remote Workers Depend on eSIM for Connectivity
Remote work has changed how people manage daily tasks, communication, and travel. A stable internet connection now stands at the center of productivity, especially for those who move between cities or countries. Any delay in connectivity can interrupt meetings, slow down tasks, and create avoidable stress during work hours.
A Nomad eSIM offers a practical solution that helps remote workers stay connected without a complex setup. It removes the need for physical SIM cards and allows quick access to mobile data across regions. This article explains why remote professionals rely on this technology and how it supports their work routine.
Reliable Access to Mobile Data Anywhere
Remote workers need a connection that stays available across different locations. Public Wi-Fi may not always provide stable performance, and it can create interruptions during important tasks. A dependable data source becomes essential in such situations.
An eSIM provides direct access to mobile networks without extra steps. This ensures that workers can stay connected even when Wi-Fi is not reliable. With consistent data access, daily tasks continue without disruption.
Fast Setup Without Technical Delays
Time matters when work depends on a stable connection. Traditional SIM cards require manual setup, which can take longer than expected. Any delay in activation can affect schedules and deadlines.
An eSIM allows quick activation through a simple process. A QR code scan completes the setup within minutes, and the device connects to a supported network. This speed helps remote workers start their tasks without waiting.
Easy Movement Across Regions
Many remote professionals travel while they work. Moving between locations can create connectivity issues if each region requires a new SIM card. This process can interrupt workflow and add unnecessary effort.
An eSIM supports multiple regions within one plan. The device connects to local networks without manual changes, which keeps the connection active during travel. This seamless transition helps workers focus on their tasks instead of setting up.
Better Control Over Data Usage
Managing data usage plays an important role in remote work. Tasks such as video calls, file transfers, and cloud access can consume a large amount of data. Without proper control, usage can exceed limits quickly.
An eSIM allows users to track and adjust data usage directly on their device. This control helps remote workers plan their usage and avoid sudden interruptions. It also ensures that data remains available when needed.
Secure Alternative to Public Wi-Fi
Public Wi-Fi networks may not always provide a safe connection. Security risks can affect sensitive work data and create concerns for remote professionals. A secure connection becomes necessary for tasks that involve private information.
Mobile data through an eSIM offers a safer option compared to open networks. It reduces exposure to security risks and provides a more controlled environment. This adds confidence while handling work tasks on the move.
No Physical SIM Management Required
Handling physical SIM cards can feel inconvenient during travel. You need to remove, store, and replace cards when you move between regions. This process may lead to loss or damage.
An eSIM removes the need for physical handling. Everything stays within the device, which makes management simple and efficient. Remote workers can focus on their work without dealing with small hardware changes.
Flexibility for Changing Work Needs
Work demands can change based on projects and schedules. Some days require heavy data usage, while others involve lighter tasks. A fixed plan may not suit these changing needs.
A Nomad eSIM allows users to adjust their plans based on usage. They can upgrade or modify data limits without delay. This flexibility ensures that connectivity supports their work at all times.
Consistent Performance in Urban and Remote Areas
Remote workers may operate in different environments, from busy cities to quieter locations. Network strength can vary, which affects performance and speed. A weak connection can slow down work and cause delays.
An eSIM connects to partner networks that provide coverage in various regions. This helps maintain a stable connection in most locations. With better consistency, remote workers can complete tasks without interruption.
Real Work Experience with eSIM
Professionals who rely on a Nomad eSIM notice how it simplifies their daily routine. They no longer need to search for SIM cards or adjust settings during travel. The connection starts quickly and stays active across different regions.
This convenience allows them to focus on work without distraction. Meetings, emails, and file sharing continue without delay. The overall experience feels smooth and reliable, even during frequent travel.
Remote work depends on stable and efficient connectivity. Traditional options may not always meet the demands of a mobile work routine. A flexible and reliable solution becomes essential for productivity.
An eSIM provides that solution by offering quick setup, strong data access, and easy management. It supports remote workers in different locations and helps them stay connected without effort. With the right approach, it becomes a valuable tool for modern work lifestyles.
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