Published in Auth-n-Capture·Feb 1976. ChequeOne of the cliched scenes in movies — a rich dude (presumably bad guy) giving a blank cheque to a poor dude (presumably good guy)! Nowadays you don’t see such scenes… maybe Bollywood has gone ‘digital’… Good for them! But in real-life, Cheques are still there… Long ago, very long…Payment Instrument7 min readPayment Instrument7 min read
Published in Auth-n-Capture·Jan 2875. UPI Journey2023… another leg of a new journey… in last one month, we already have some exciting developments in payments (e.g., UPI for NRIs, buzz around 3DS 2.0)… let’s see how the payments ecosystem will shape up this year! Talking of journey… The blog that you are reading also had a…Upi3 min readUpi3 min read
Published in Auth-n-Capture·Dec 24, 202274. Payments Digest — VIIITop three suspenses that bothered me… I already got the answer for the first two; And now RBI has started lifting the suspense around the 3rd one. Few Payment Aggregators received in-principle approvals and many more to go (Reminded me of Campus interview season!). PAs: Stripe, Cashfree, PineLabs, Razorpay, Pay10…Payment Info5 min readPayment Info5 min read
Published in Auth-n-Capture·Dec 8, 202273. UPI Lite“what goes around comes around…” UPI is one of the reasons for the decline of wallets… And now… UPI has its own wallet. Why? Almost 50% of UPI transactions are less than Rs.200 UPI transactions have reached millions per day and the idea is to reach a billion transactions per…Payment Solutions3 min readPayment Solutions3 min read
Published in Auth-n-Capture·Nov 19, 202272. Digital Lending GuidelinesBefore you start reading this article… refer to earlier article on lending. So… What is new this time? Refer to the title! Background: Only banks, NBFCs and MFIs are allowed to lend in India. There are also FinTechs who lend money. As they do not have a licence, they tie…Payment Info5 min readPayment Info5 min read
Published in Auth-n-Capture·Nov 5, 202271. CBDC — eRupeeOur CBDC will be called “eRupee” (do not confuse it with e-RUPI, the miracle product which vanished like Mr.India!). On 1st November, RBI launched wholesale eRupee with 9 banks and gearing up to launch retail eRupee. RBI/India is one among many central banks that are researching, experimenting, piloting and launching…Payment Instrument5 min readPayment Instrument5 min read
Published in Auth-n-Capture·Nov 5, 202270. Crypto Currencies (India)Crypto currencies are everything that you don’t understand about money combined with everything that you don’t understand about computers — John Oliver If you want to know basics of Crypto Currencies then read here. Feb’22 was a landmark month… Two major announcements were done during the budget session: taxation on…Payment Related3 min readPayment Related3 min read
Published in Auth-n-Capture·Jul 1, 202269. Payments Digest — VIIAbove picture is of Choluteca Bridge in Honduras. After hurricane Mitch (1998), the river changed its course and now, the bridge is standing on dry land. At times, FinTech regulations tend to create such situation for business models and we have witnessed quite few in last few years, and last…Payment Info7 min readPayment Info7 min read
Published in Auth-n-Capture·Jun 27, 202268. Credit Card + BNPL + Prepaid Card + UPIOn 21st December 1898, Marie Curie and her husband Pierre Curie discovered Radium. Radium is highly radioactive with a half life of 1600 years. Radium has usage in medicine and research. …Payment Solution7 min readPayment Solution7 min read
Published in Auth-n-Capture·Jun 27, 202267. Cashback, Discounts and RewardsToday we will talk about one of the reasons why I like digital commerce and online payments… discounts, rewards, cashbacks (henceforth referred to as ‘goodies’) Firstly, why give goodies? Growth in transaction volume (GTV), push up the revenue, acquire new users and customer stickiness. …Payment Solutions7 min readPayment Solutions7 min read
