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IaaS platforms to play a key role in simplifying compliance and reducing risk in card issuance space: Cashfree Payments Report

  • The report proposes a new model which allows a regulated approach for bank-fintech partnerships and API driven innovation via Issuing-as-a-Service (IaaS)

BANGALORE, India, Sept. 20, 2022 /PRNewswire/ — Cashfree Payments, a leading payments and API banking solutions company, today announced the launch of an industry report titled ‘IaaS: New-Age Payments Solutions through Card Issuing-as-a-Service.

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The report explores the IaaS landscape in India. Commencing with the technology underlying IaaS, the paper dives into the different forms of card APIs and the functions they enable – like creating, loading or blocking a card. It introduces various players involved in card issuance and the role of an IaaS platform in easing various integrations for businesses. The report also outlines the benefits of IaaS for specific industries including such as e-commerce players, marketplaces, fintech companies, large corporates, the logistics industry, or the gig economy.

According to the report, IaaS is witnessing a demand across industries with new use cases emerging rapidly to fulfill the underserved needs of various customer segments. For fintechs, IaaS for cards provides a plug-n-play, flexible model for easier experimentation. With digital payments becoming a compulsion, varied existing banks have begun leveraging IaaS infrastructure to enable seamless card issuance for their customers in much lower time, as against building the entire infrastructure in-house. IaaS also finds use cases for E-commerce and marketplace companies in the form of Credit and prepaid cards. Large corporates and Enterprises are starting to adopt card issuance to mitigate the challenges of complex manual processes for expense management, sales incentive payouts, contract worker payroll among other use cases.

Also, a large number of individuals in semi-urban and rural areas have deposits in co-operative societies, where the access to online banking, debit cards, etc. is limited. In such scenarios, fintech companies facilitate prepaid and debit card issuance for co-operative societies and banks to enable online and POS card transactions for customers of co-operative societies, thereby driving financial inclusion. Another key emerging use case for credit card issuance for fintechs in collaboration with banking partners, is in facilitating working capital credit for MSMEs.

Akash Sinha, CEO and Co-Founder, Cashfree Payments said,“We are very excited to launch our whitepaper on IaaS, which forms the next step in the evolution of the BaaS model. It will allow modern businesses to adopt innovative, personalised and customer-friendly solutions for their card issuance needs. This whitepaper report delves deep into multiple aspects including the underlying technology, benefits and regulatory environment. We believe regulation has a key role to play in the card issuance space and its financial inclusion imperative and look forward to further supportive steps from the regulator. ”

With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments, further underscoring the company’s role in building a robust payments ecosystem. Cashfree Payments works closely with all leading banks to build their core payments and banking infrastructure that helps power the company’s products, and is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments products are being used in eight other countries including the USA, Canada and UAE.

About Cashfree Payments

Cashfree Payments is a leading payment and API banking solutions company. It provides full-stack payments solutions enabling businesses in India to collect payments and make payouts via all available methods with simple integration. Cashfree Payments’ offerings include an advanced and easy way to integrate payment gateways, a split payment solution for marketplaces, bank account verification API and Auto Collect — a virtual account solution to match inbound payments to customers. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the leading payment service providers in India processing transactions worth USD 40 Billion annually. It has leveraged technology to lead payment disbursals in India with more than 50% market share among payment processors. Cashfree Payments enables more than 1,50,000 businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI) and was incubated by PayPal.

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Deutscher Cricket Bund (DCB) announces an exciting 2026 season to showcase Germany as the leading European cricket nation, building world-class cricket IP’s

ESSEN, Germany and MUMBAI, India, June 12, 2026 /PRNewswire/ — After the tremendous success of the recently concluded ‘5 match T20 International event – ‘Austria Tour of Germany,” DCB is all set to kick off its ambitious domestic set of events for 2026.

German Super League – Berlin edition starts at Mayfeld – next to the iconic OlympiaStadion from the 8th of June.

With a fixture of 43 T10 matches, 10 best clubs from the Berlin region will compete to be crowned champions. Legendary English umpire, Billy Bowden, will be the special guest, and will be officiating the final match.

Mr. Severin Weiss, the president of DCB, said, “In order to have a robust system, we need to have a strong domestic structure. It’s not about just having premier leagues and international contests, but building bottom up. And that’s what our core focus and mission is.” He added that for cricket in Europe and particularly in Germany to flourish, they need to attract more natives to take up the sport. Organizing good quality events, that are properly produced at the domestic level, will ensure they achieve this in the years to come.

The team at DCB is working methodically to achieve the stated mission.

Mr. Dieter Voight – DCB CEO – shed more light on the calendar events and stated, “In 2026, with strong collaboration and support of our regional partners, we have plans to conduct up to 8 domestic tournaments with about 300 matches. Add to this, we have 4 international events, the biggest being the Nordic Cup in August.”

The Nordic cup will see 5 women’s teams battle it out in August. The hosts will be joined by the Nordic national teams of Finland, Sweden, Denmark as well.

Germany will also host two more bilateral events, the next one being against Switzerland women’s in July.

Germany hopes to soon break into the top 30 men’s T20 ICC rankings. They won 4-1 against Austria and hope to continue their dominance on the field.

Donovan Miller has been appointed the head coach. Donovan brings in rich experience of working with English Counties, and top franchise tournaments. Coach along with the captain Musadiq Ahmed, who was sensational with the bat against Austria and was adjudged Man of the series, has the full trust and support of DCB to lead the team to achieve grander cricketing success.

With a robust domestic and international calendar in place, DCB is focussed on marketing the events and positioning German cricket as one of the most serious cricket destinations in Europe.

The important aspect is to reach as many people as possible, includes a strategic multi-media plan, which includes digital marketing as a key corner stone.

Dr. Vignaesh Sankaran, Vice President of the DCB, added: “Live broadcasting is only one part of the equation. Equally important is how we market our events, players, coaches, and sponsors to a wider audience. We do not want to miss this opportunity to grow the game and create value for all our stakeholders. The Austria–Germany international series generated more than five million impressions across all platforms. Together with our partners, SMW Global, we invited German influencer Liz Laz, whose content introduced German cricket to new audiences and significantly expanded our reach.

Germany is among the first European Associate Members to embrace this approach at scale, combining elite cricket with digital storytelling and influencer engagement. Through these efforts, we have achieved over 150% growth in viewership and now attract some of the largest cricket audiences in Europe.

Germany’s reputation for strong governance, professionalism, and high-quality event delivery also makes it an increasingly attractive market for sponsors and commercial partners. We will continue to build on this momentum and further strengthen Germany’s position as a leading cricket market in Europe.”

The Deutschland Cricket Board (DCB) has officially entered into a strategic partnership with SMW Global Media, with a long-term vision for collaboration. SMW Global Media will serve as the exclusive commercial rights partner, overseeing event production, ground branding, and sponsor asset delivery, while also supporting the DCB in developing consistent digital content and event promotion across platforms.

Azhan Ahsan, executive director – SMW Global Media, said, “The aim is to produce clean, high quality broadcasts, in decent budgets, allowing our federation partners the flexibility to produce more matches professionally. Consistent supply will expand the reach and grow commercial values of German cricket organically.” He added, “Germany is perhaps the only country in Europe that can on its own produce good quality cricket in such high volumes. Sponsors and media partners love it when there is a proper structure and a plan. And if we can add further value for all stakeholders by adding some spice on the digital content front, we can fast track brand Germany to newer markets and audiences. We are committed to that.”

The last event was broadcast LIVE worldwide on multiple platforms – FanCode, Action Sports, Unbeaten +, Unbeaten Prime, SportVot, Cricket Lounge TV, and German cricket’s official YouTube channel. It was also covered by all major data and scoring partners including ESPN, and Olympics.com.

About Deutscher Cricket Bund (DCB)

The Deutscher Cricket Bund is the governing body for cricket in Germany and is responsible for the development, promotion and organization of cricket activities across the country, including domestic, youth and international cricket structures.

For more information, please visit https://www.cricket.de/

About SMW Global Media

SMW Global Media is an international full-service sports agency that serves some of the major leagues, federations, teams and broadcasters in the world. With a global reach, they have been involved in projects in over 41 countries, annually distributing, selling and producing thousands of hours of live sports and work with over 100 broadcast partners. Their four core areas of expertise include Rights Management, Production Services, Streaming Solutions and Sponsorships. For more information, please visit, smwglobalmedia.com

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ContentLens Appoints Hari Nair, Former CEO of Tips Music, as Pro Bono Strategic Advisor

Industry veteran brings three decades of music, digital media, and content monetisation experience to India’s leading AI-powered IP protection platform — backing the company on conviction, not a fee.

MUMBAI, India, June 11, 2026 /PRNewswire/ — ContentLens, an AI-powered content intelligence platform pioneering proprietary solutions in music IP protection, celebrity likeness detection, content provenance, and deepfake identification, today announced the appointment of Hari Nair as Pro Bono Strategic Advisor.

Nair brings over three decades of leadership in the Indian and global media and entertainment industry, having held senior roles at Tips Music Limited, Sony Music India, PPL India, and TikTok — where he led the global launch of TikTok Music (known as Resso). Most recently, he served as CEO of Tips Music Limited, one of India’s most valued music labels, where he spearheaded global partnerships with TikTok, Sony Music Publishing, and Warner Music Group, built a data-driven, high-performance culture, and delivered sustained shareholder returns. Upon his departure, the music industry legend Kumar Taurani, Chairman and MD of Tips Music, credited Hari for ‘driving revenues and achieving targets as committed to shareholders’ and described him as ‘a passionate, revenue and data-driven leader’.

In an industry where advisory roles routinely carry equity or paid arrangements, Nair’s decision to join pro bono is a deliberate signal of conviction. As a former client of ContentLens, he has first-hand experience of the platform’s capabilities — and chose to back it based on that direct assessment of the technology.

In his advisory capacity, Nair will provide strategic counsel on ContentLens’s go-to-market strategy across the Indian and global media & entertainment industry, support the company’s investor relations, and leverage his extensive network across leading music, media, and entertainment companies.

ContentLens has already commercialised its technology with five large customers in the media and entertainment sector. The company has filed patents on its core fingerprinting, watermarking, and audio-visual content intelligence technologies, and is advancing toward its next phase of commercial growth.

ROHAN SAHU, Founder & CEO, ContentLens:

“When someone of Hari’s standing chooses to back ContentLens — not for a fee, but out of genuine belief in what we are building — it is among the strongest forms of validation a company at our stage can receive. His three decades of operating experience across every layer of the music and entertainment ecosystem, combined with his direct familiarity with our platform, gives us both strategic depth and credibility as we scale. We are deeply grateful for his trust and commitment.”

HARI NAIR, Pro Bono Strategic Advisor, ContentLens:

“I have spent my career building value across the music and entertainment ecosystem, and I can see clearly that the next frontier of that value lies in AI-driven content protection. ContentLens is solving a problem that every label, every artist, and every media company in the world already faces: IP infringement in an age where content can be replicated, repurposed, and monetised without consent. I have worked with this technology as a client and I know what it can do. I am joining because I genuinely believe this platform will matter — for record labels, musicians, artists, celebrities and every form of IP owner.”

ABOUT CONTENTLENS

ContentLens is an AI-powered content intelligence company building proprietary technology across four verticals: music IP protection, celebrity likeness detection, content provenance, and deepfake identification. Headquartered in Bangalore, ContentLens works with leading content owners and media companies to detect, protect, and monetise original intellectual property. The company has filed patents on its core fingerprinting, watermarking, and audio-visual content intelligence technologies, and has already commercialised its products globally with five large customers in the media and entertainment sector.

ABOUT HARI NAIR

Hari Nair is one of India’s most accomplished media and entertainment industry executives, with a distinguished career spanning music, digital media, and global content platforms. He has held leadership roles at Tips Music Limited, Sony Music India, PPL India, and TikTok, where he led the global launch of TikTok Music (Resso). As former CEO of Tips Music Limited, he led the company through a period of transformational growth and delivered exceptional shareholder returns. He is widely recognised for his dealmaking ability, performance-driven leadership, investor relationship management, and deep expertise in content monetisation.

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CGI Elevate event explores how GCCs are evolving from operations to business outcomes

CGI Elevate brought together industry leaders to explore how AI-first, outcome-driven GCCs are evolving into engines of innovation and strategic advantage

BENGALURU, India, June 11, 2026 /PRNewswire/ — CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, recently hosted the second edition of its flagship Global Capability Center (GCC) leadership event, CGI Elevate 2026. The event brought together industry leaders, GCC heads, technology experts, analysts and ecosystem partners to discuss the evolution of Global Capability Centers in an AI-first business landscape.

Gopal Chhetri - Senior VP, Business Unit Leader and GCC Business Head, CGI Asia Pacific Global Delivery Centers of Excellence.

Centered on the theme of business outcomes over scale, CGI Elevate 2026 served as a platform for industry leaders to exchange perspectives on how organizations can harness AI to transform GCCs into strategic drivers of innovation, agility and enterprise value. Conversations explored how next-generation GCCs are reshaping talent, engineering, innovation and enterprise decision-making, while highlighting the importance of execution, governance and ecosystem collaboration in translating AI ambition into measurable business outcomes.



“The future of GCCs will not be defined by scale alone, but by the outcomes they create. As enterprises accelerate AI adoption, GCCs are evolving into strategic engines of intelligence, innovation and business transformation. CGI Elevate 2026 reflects our commitment to bringing leaders together to exchange ideas, challenge conventions and explore how organizations can build outcome-driven GCCs that create lasting competitive advantage” said Gopal Chhetri, Senior Vice-President, Business Unit Leader and GCC Business Head, CGI Asia Pacific Global Delivery Centers of Excellence.

Building on the momentum of Elevate 2026, CGI remains focused on helping clients shape the next chapter of GCC transformation, where AI expertise and client business context converge to drive innovation, resilience and measurable business outcomes. Through its consulting-led approach, deep industry expertise and global delivery network, CGI continues to partner with clients to build what’s next and unlock long-term strategic advantage in an increasingly intelligent business landscape.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2025 reported revenue is CA$15.91 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

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