Published inAuth-n-Capture·Aug 683. Payments Digest IX“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes” — Benjamin Franklin Benjamin Franklin is not the first one to quote about death and taxes in a single line; that credit…Payment Info7 min readPayment Info7 min read
Published inAuth-n-Capture·Jul 3082. Update — Recurring PaymentsEarlier we covered ‘what’s new’ in the world of Cards (here), UPI (here) and Internationalisation (here). Now, it’s the turn of ‘Recurring Payment Solutions’. I am sure you have set up a mandate for periodic payment cases. I have few on Mutual Fund SIPs, Home loan and a OTT. As…Recurring Payments4 min readRecurring Payments4 min read
Published inAuth-n-Capture·Jun 1081. Internationalisation — UPI, BBPS, Trade account, CardsEarlier, we covered the latest updates in cards (here) and UPI world (here). This time… we will talk about OUR payment products that are going international or catering international users. So let’s start! A. UPI for NRIs: NRIs (Non-Resident Indians) of 10 countries can link their international mobile numbers to…Upi6 min readUpi6 min read
Published inAuth-n-Capture·May 3180. UPI : Plug-inAs you are aware, UPI can be used for P2P, P2PM and P2M type of transactions. I am sure you have read the basics of UPI (This article) UPI P2PM and P2M works in two major ways — Collect (Pull) and Intent (Push). For basics — Read this article. There…Upi4 min readUpi4 min read
Published inAuth-n-Capture·May 3179. UPI Update — MDR, PPI, LoCUPI reduced the usage of coins (I do not have proof but it’s a reasonable assumption). Let’s say, if people need coins (e.g., a shopkeeper or Uncle Scrooge) then they can get it from banks’ vending machines. Basically, you put in currency notes and the vending machine gives coins. Now…Upi5 min readUpi5 min read
Published inAuth-n-Capture·May 778. Cards — UpdateCards went through quite a few upgrades since 2021. Started with Standing Instruction on Cards, change to prepaid card loading, revision to credit card issuance guideline, card tokenization and linking credit cards to UPI. Amongst all this, migration from 3DS 1 to 3DS 2.0 is happening silently. In this article…Payment Instrument8 min readPayment Instrument8 min read
Published inAuth-n-Capture·May 677. ValidationsValidation or ‘double’ confirming is something that comes to us naturally. Isn’t it? Let’s say you have to transfer Rs.25,000 to a friend through UPI… do you do it in one go? Most likely, you will transfer a small amount (Rs.1 or Rs.5) then ask your friend to confirm. Post…Payment Solutions6 min readPayment Solutions6 min read
Published inAuth-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 inAuth-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 inAuth-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
