We already have enough #Payment acceptance tools In #India, like UPI, BharatQR, NCMC, Aadhaar Pay, RuPay, NETC, NACH etc. We dont need anymore for retail/B2B, else it will confuse a customer. We now need to focus on the following; 1. Customer Awareness & Access 2. On ground availability of infrastructure like BCs, Debit Card issuance… Continue reading Enough of Digital Payment Tools in India. Now we need following..
How is digital payments in India shaping up as? Digital payments in India has become crowded with lots of me-too products and companies. Thanks to IndiaStack and other payment platforms which offers a plug and play model through API so now everybody aspires to become PayTms and PhonePes of the industry. Payment is the lowest hanging fruit for the companies to… Continue reading Future of FinTech (Payments) in India. It’s Interesting and will grow..
#DesignThinkingProcess and its Principles can help #FinTech and other companies to innovate and satisfy the #Stated and #Unstated needs of their customers, rather than just launching #MeToo products. Lots of me-too products in the market, is leading the industry through consolidation, because there is no differentiator in the product except price, resulting in Price game,… Continue reading Design Thinking and Reasons for Me-Too products. Is Me-Too a long run game?
How can #MicroFinanceInstitutions get benefitted with Digitalisation & #FinTech : 1. Use Aadhar number and EKYC to onboard customers 2. Use #Aadhar number for Credit check unless you have taken Voter Id number as identifier, even if you have done it link voter Id numbers with Aadhar numbers as one time activity 3. #UPI/Aadhar number… Continue reading Digitalisation in MicroFinance Institutions have more problems than just Systems : Manage People, Process & Practices.
BharatQR code will DISRUPT the PAYMENT system by reducing the Merchant and Banks' investment in Payment acceptance INFRASTRUCTURE. Indeed a great move however now Merchant (Offline retailer) Acquisition doesn't remain an ASSET anymore. Can we imagine that we can make purchases on the move and find QR codes on Metro, Railway, Bus Stations, Airports etc… Continue reading Bharat QR Code and Payments
Fintech and Financial Inclusion - Ideas and Collaborations. 