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The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to return customer funds held in its wallets.
The act is a centrepiece of the EU's push to ensure it is not only a global leader in cutting greenhouse gas emissions, but also in manufacturing the clean tech required.
The report said the current AI user base of India stands at 724 million and is set to grow at 6% on year. These are users who have used any of the AI features, like image filters, personalised recommendations, and smart devices, till now.
Peak XV-backed startup Cred has been pushing its UPI payments feature aggressively. The fintech wants its customers to use the app to scan QR codes at premium retail outlets.
The Swedish company submitted a new version of its app to Apple with basic pricing and website information, which is a minimum requirement under the European Commission's ruling in its music streaming case, it said in a post on X on Wednesday.