AePS, Bharat QR Code, business correspondent, digital payments, Financial Inclusion, FinTech, Fintech & Payments, Google Tez Vs Whats App, NPCI, payments, PoS, Product Management, Tap & Pay, Unified Payment Interface (UPI), UPI, VISA

Enough of Digital Payment Tools in India. Now we need following..

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..

FinTech, PSD 2

Future of FinTech (Payments) in India. It’s Interesting and will grow..

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..

Design Thinking, Design Thinking Process, FinTech

Design Thinking and Reasons for Me-Too products. Is Me-Too a long run game?

#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?

Aadhar, Aadhar Enabled Payment System, AePS, Bottom of the Pyramid, E-KYC, Financial Inclusion, FinTech, Fintech & Payments, MFI, Micro Finance Institution, Unified Payment Interface (UPI)

Digitalisation in MicroFinance Institutions have more problems than just Systems : Manage People, Process & Practices.

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.

Bharat QR Code, Fintech & Payments

Bharat QR Code and Payments

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