Published in Auth-n-Capture·Jun 1866. Dark Side of Digital PaymentsLast week, I got a call from ‘an insurance company’ saying that my policy is matured and if I pay Rs.20K then I will get Rs.2L. I received a SMS from a random number that my KYC with SBI had expired and was asked to call a number. No need…Online Payments6 min read
Published in Auth-n-Capture·Mar 1965. Payments Digest — VIWhat is the connection between an Act that was written in the year 1881 and UPI… (Read update №3) Let’s start with something awesome… 1. UPI123Pay… Yeah.. RBI/NPCI launched UPI for feature phones and voice based payments… I’ve tried voice based UPI and the experience was great. Kudos to RBI/NPCI…Online Payments4 min read
Published in Auth-n-Capture·Mar 1964. AA — Account AggregatorWhat is the difference between New-Gen FinTechs and traditional finance companies? Talk to one of the sales folks of FinTechs and they will explain the difference till the cows come home. But let me tell you what is the similarity — the way they handle user data irresponsibly. As per…Payment Solutions6 min read
Published in Auth-n-Capture·Nov 1, 202163. Payments Digest — VHope all of you are doing well… here is the next Payments Digest… a lot of things to cover, so, it is a bit lengthy. Last few months… RBI is keeping everyone in the ecosystem busy while NPCI is flying abroad and at the same time, new business platforms are…Online Payments8 min read
Published in Auth-n-Capture·Oct 26, 202162. Tokenisation‘Who will save the card’ has been the burning question since RBI issued PA/PG guidelines in Mar’20. As per the guidelines, Payment Aggregators (PAs) and merchants cannot store or vault the cards. Few PAs interpreted the guidelines as per their own convenience… Few decided to vault cards with acquiring banks…Payment Solutions6 min read
Published in Auth-n-Capture·Oct 26, 202161. Mandate on Cards — ComparisonOne of the things that used to happen during my engineering days was — first, I would forget the assignment, then make a group and plead with the professor to extend the deadline and eventually, rush to somehow deliver ‘something’… (sorry, no leadership lessons here, as it’s not LinkedIn) Looks…Recurring Payments6 min read
Published in Auth-n-Capture·Aug 17, 202160. The book, e-RUPI and updatesHere I am after a long gap… I hope all of you took at least one dose of vaccination. Stay safe and as they say ‘we are not safe until we all are safe’. Let me start with an important update… Finally I was able to ‘tick’ mark one item…Online Payments8 min read
Published in Auth-n-Capture·Jun 10, 202159. BaaS (Part 2)Hope you have read the previous part… (here) If not then here is a quick recap… we started with burgers and ended with banking products… BaaS (Banking as a Service) model is wherein banks offer their products (accounts, deposits, cards, lending products etc.) and services (collection and disbursement) to customers…Online Payments7 min read
Published in Auth-n-Capture·Jun 5, 202158. BaaS (Part 1)Do you know that the price of a Big Mac burger can be used to determine the Purchasing Power Parity (PPP) and thus, determine whether a currency is undervalued or overvalued when compared to the USD. Interesting concept… not accurate but interesting concept… Big Mac Index (Read Here) Talking of…Online Payments5 min read
Published in Auth-n-Capture·Jun 5, 202157. The Imitation Gamemy blog is used in UPI Autopay deck (for the webinar)— neither with my permission, nor acknowledging its source.Online Payments1 min read57. The Imitation Gamemy blog is used in UPI Autopay deck (for the webinar)— neither with my permission, nor acknowledging its source.Copied Slide 1:----
