RuPay giving tough fight to VISA and Master Card in India.. How to retain the share?
With this news, and confident thump by #NPCI, #RuPay and #UPI is giving a tough fight to #Visa and #MasterCard in #India.
In my opinion, what Visa and Mastercard can do in #India to retain its share:
1. Reduce interchange (Price game)
2. Increase value for banks with better, secured technology and reportings etc.
3. Increase value for customers with more and better freebies
4. Operate and target a niche category with new product
5. Alliance with companies interacting daily with customers
6. Design a direct to customer product
7. Think and Design locally…
8… More….
What are your thoughts on it ?
https://www.linkedin.com/feed/update/urn:li:activity:6396601213898588160
Liked it, Share it:
- Click to share on LinkedIn (Opens in new window)
- Click to share on Facebook (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to share on Twitter (Opens in new window)
- Click to share on Google+ (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to email this to a friend (Opens in new window)
Related
Mastercard, Rupay, UPI, VISA
About Piyush Singh
We Have
- 3,426 Active Readers
Search by Word
What Do You Want To Read Today?
Interviews
Recent Posts
- Why women don’t use Banking and Digital transaction tool/channel a lot
- Conducted 2 days of Design Thinking workshop for Faculty and Students
- Privacy and Data protection defaulters must and will be punished.
- FinTech training to top Management and IT heads of Micro Finance Institutions, in India.
- Bank Customers’ loyalty reducing to a few Mbs (Mobile space)
- P2P lending China Vs. India, have we learnt a lesson?
- Customer detail protection, can bank own it?
- Mobile phone as Financial Freedom device than entertainment.
- Who will own the customers, Banks or FinTechs?
- QR code for India, opening new avenues.
- Workshop on FinTech and Digital Financial services by Piyush Singh
- Its good if COD is stopped for e-commerce companies.
- FinTech & Law : Payment Systems – By CA Nirmal Ghorawat
- KYC to UYC, should we move one step ahead now?
- Why Lending must not be like a normal Product purchase and only digital..
- Disputed Digital Payments, can it be a business model, or a roadblock?
- Visiting Card as Payment Instrument..
- Emotions in Product design, a case of Financial products.
- #CreditScore Vs. #SocialScore in Rural areas and low ticket size loan.
- Why have we decided to push poor people to high lending rates and exclusion?
- Exploring state of Digital Payments in 9 states across India..
- BCs as ASFA (Accredited Social Financial Activist) similar to ASHA for rural locations.
- A digital dilemma for rural customers.
- Blockchain in Life Insurance can save a lot of field survey cost and moral hazard instances.
- Future of FinTech (Payments) in India. It’s Interesting and will grow..
- High Tech aspirer banks, Fix your Basics first..
- RuPay giving tough fight to VISA and Master Card in India.. How to retain the share?
- Does Digital Transformation means putting Lipstick on the Pig?
- Going Digital with physical legacy ??
- Digital Transformation, Don’t miss out on People and Technology balance
- Contactless Authentication the Next Authentication Model..
- Improve on Chargeback policy than offering Cashbacks.
- Blockchain Vs. Babudom Indian Banks..
- Businesses of the Future..
- What if a Loan is denied by the Machine but Approved by the officer? Who overrides & Who Owns?
- Industry 4.0 / 4th Industrial Revolution. Are we ready to thrive or waiting to be extinct ?
- Where is the next market, for FinTech and Financial Service Providers.
- CKYCR by CERSAI, what does it mean for Institutions and Customers of Financial Services.
- Is India moving too fast in Technology for Bharat to catch up?
- Design Thinking and Reasons for Me-Too products. Is Me-Too a long run game?
- As Judge in the Hackathon of NSIT, Dwarka Delhi college.
- Do we have #NaturallyIntelligent Banking and FSP systems in place, before talking about #ArtificialIntelligence?
- Cost of continuous change in Technology and Regulations, is it Good or Bad for the Industry?
- RegTech will soon catch up with its big brother FinTech. Is it round the corner?
- Easy credit a help or evil..
- Google Tez with UPI Vs Whats App with UPI. Whats App can be a winner and survivor.
- Digitalisation & Cashless economy has to fight with Status Quo and Mentality than with System and Policies
- Good borrowers must be incentivised, and must not cross subsidise bad borrowers..
- A Compilation of My top 58 Linkedin Posts, Ideas and Innovation (2017 – Till Date) on Past, Present and Future of; FinTech, Payments, and Digitalisation.
- GSTN and Flow Based Lending simplified..
- New age banking and Next Generation Catch..
- Open API banking, and Data Democracy..
- Ling Shou Tong by Alibaba in China..
- Alternate Credit Scoring for Rural population.
- Sin in Consumer Behaviour study. Selling to Human Being but talking to Excel sheets. What’s wrong?
- Alternative Lending, are we Over Writing the Under Writing.??
- Mobile Wallets Vs Banks. A worthless discussion.
- 35 #FinTech Predictions for 2018 – By Piyush Singh – Fintech
- Let us Move up from opening bank accounts, offer Insurance and Investment products.
- Big Data: are we making sense/use of it, or just using it as a Jargon?
- FinTech will replace plastic Credit Cards with Number based Credit Lines Only..
- Shopping on Television, Design a Friction Less Payment experience. How?
- Fintech will take away jobs in Financial Service domain. Are you Skilled enough? Watch my Video series.
- Is Cost of Innovation too high, that we follow Copy Paste Culture.
- Piyush Singh in Conversation with Mr. Ankit Ratan, Founder of Signzy
- Fintech training to Fusion Micro Finance Institution..
- Digital Payments in India, are we partying for Wrong Reasons.
- Product Management and Why Cashbacks Won’t Go Long Way and is a Bad Strategy
- Branch less Banking Strategy, how to win over telcos, by Piyush Singh
- Digital Transformation and New Age Banking, by Piyush Singh at IMT Ghaziabad.
- Training and Lecture on Digital Financial Services and financial inclusion by Piyush Singh.
- Important question for any Start Up.
- To go cashless prime the next generation Now!!
- Training on digitalising MFI.
- #HealthTech and #FinTech must Marry now. HealthTech is the next biggest beneficiary of Digitalisation..
- Digitalisation in MicroFinance Institutions have more problems than just Systems : Manage People, Process & Practices.
- (no title)
- Is FinTech a Result of Frustration from Traditional Banking Services?
- Alternate use of Bank ATMs
- Financial Inclusion Myth Buster..
- Is Payment the Lowest Hanging Fruit for Fintech?
- Universal Bank Strategy – Promote Open API Banking
- FinTech will Stay for Long, Don’t Worry..
- Assistance to Manipulation :Artificial Intelligence, Artificial Emotion, Artificial Loyalty too?
- Mr. Henry Ford must be happy with FinTech and Current Banking.
- Why Small Value Transactions happen in Cash across World. Why CIC to GDP is so High..
- Contextual Payments, The success parameter for a FinTech.
- EMI Culture in India, are we Cautious Enough? Aspiration Vs Distress.
- FinTech for Micro Lending through Smart Phone..
- Increased Use of E-KYC post New RBI, PPI guidelines. AUA & ASAs will reap the Benefit..
- Global Payment System on line with AePS.
- IndiaStack and FinTech Revolution..
- Universal Bank Strategy – Promote Open API Banking
- Penetrating in Rural Areas is a Better Strategy than skimming Urban Market.
- Financial Inclusion Myth Buster..
- Is Payment the Lowest Hanging Fruit for Fintech?
- FinTech will Stay for Long, Don’t Worry..
- Aadhar for Credit Rating Check, Possible ?
- Big Challenge, Small Finance Bank
- Payments Bank Strategy – Its Not Fair
- Alternate use of Bank ATMs
- Strategy for “Payments and Transaction Start Ups
- FinTech “Go To BoP (Bottom of the Pyramid) Strategy
- Payment Tools & NPCI
- Google, Amazon, Facebook and Apple (GAFA) & Banking ??
- UPI 2.0 and Pay Through EMI Option..
- InsureTech & FinTech can Go Hand in Hand
- Government Mandate to Accept Digital Payment ?
- eKYC in Hotel Industry
- QR code & UPI in Restaurant ?
- Offline to Online P2P Lending
- Payment + is the Way Forward ..
- Now UPI @ POS in Future UPI @ ATM to withdraw Cash
- Bharat QR Code and Payments
- If I can Pay by Aadhar then Why Not Vote by Aadhar.
- Comics for Children to Promote Digital Payments
- Delhi Transport Corporation & Tap and Pay Solution
- Indian Railways Can Collect Fine through PoS or UPI
- WiFi on PoS Terminals
- Why Aadhar enabled Payment System (AePS) will work in India : (A Layman’s Guide to Aadhar enabled Payment System (AePS)
