Author : CA Nirmal Ghorawat (The author is a member of the Institute of Chartered Accountants of India (ICAI). ………………………………….. Fintech – portmanteau of the words “Finance” and “Technology” is the buzzword in Finance and Technology worlds …
-
-
FinTech & Law : Payment Systems – By CA Nirmal Ghorawat
-
KYC to UYC, should we move one step ahead now?
KYC to UYC. Should #Banks and other Financial institutions move a step ahead from KYC (Know Your Customer) to #UYC (Understand Your Customer) ? It seems with so many defaults and issues KYC has not …
-
Why Lending must not be like a normal Product purchase and only digital..
Many say lending should be easier and seamless and just like a normal product purchase, however, I differ to this. Well, I am also in favour of easy access to credit but it must be …
-
Disputed Digital Payments, can it be a business model, or a roadblock?
While #Disputed/Unknown transaction can be a business model for few #Payment service providers, and Banks (calculate it at approx 1% of the business GMV) but its definitely not a good sign for #DigitalPayment adoption in …
-
Visiting Card as Payment Instrument..
#VisitingCard as #Payment Instrument.. Every Visiting card has a potential to become a #payment and #acceptance instrument. How? Get the #BHIM QR code printed on your visiting card, it can work to push or pull …
-
Emotions in Product design, a case of Financial products.
While we all are struggling to make #Payments, financial transactions and account opening easier through #FinTech, there is a customer segment which still believes #Higher level of inconvenience in operating a system is “Directly Proportional” …
-
#CreditScore Vs. #SocialScore in Rural areas and low ticket size loan.
The way we are worried about our #CreditScores, similarly #SocialScore and in society #GoodwillScore works in rural areas. What mental score their society gives them is more important than credit score by bureaus. They may …
-
Why have we decided to push poor people to high lending rates and exclusion?
By paying in #cash to our domestic help and drivers etc. we are doing bad to them than any good, actually pushing them away from formal #financial system and forcing them to vicious cycle of …
-
Exploring state of Digital Payments in 9 states across India..
Cashless Journey 1 to Jalandhar, Punjab. Started the #Cashless journey to remote places, testing the on ground realities of Digital Payments (UPI, BHIM, AePS, Card Payments, Wallet based payments) A small contribution to explore and …
-
BCs as ASFA (Accredited Social Financial Activist) similar to ASHA for rural locations.
#BC (Business Correspondents)/CSCs in a Village must be given #Training and #Accredited to become #ASFA (Accredited Social Financial Activist), similar to #ASHA (Accredited Social Health Activist) for healthcare in rural locations. Similar to ASHA workers …
