FinTech, Master Card, Rupay, VISA

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.… Continue reading RuPay giving tough fight to VISA and Master Card in India.. How to retain the share?

FinTech, Google Tez, Google Tez Vs Whats App, Unified Payment Interface (UPI), UPI, Whats App

Google Tez with UPI Vs Whats App with UPI. Whats App can be a winner and survivor.

#GoogleTez UPI Vs. #WhatsApp UPI. Tez will not go a long way unless it adds a context to its payment services than offering a standalone service. It must not rely on Cash Backs, which seems to be the easiest and short lived mantra to enter Indian Market.. For Whats App, which is part of many… Continue reading Google Tez with UPI Vs Whats App with UPI. Whats App can be a winner and survivor.

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.

Unified Payment Interface (UPI)

UPI 2.0 and Pay Through EMI Option..

Can UPI 2.0 - With "Pay through EMI" option increase the "Loyalty of a Customer" with an Outlet ? Be it with restaurants, Stores etc . If I am a regular customer to a restaurant, they are more likely to offer me pay by EMI option through UPI than any walk in? Can companies like… Continue reading UPI 2.0 and Pay Through EMI Option..

Unified Payment Interface (UPI)

Indian Railways Can Collect Fine through PoS or UPI

RAILWAYS can start collecting fines using POS, by swiping cards. It will help to curb corruption as well others will learn how to use card to make payment too. A live demo to mass is more effective than website, tv or lecturer session for people.. IRCTC...Start with few TRAINS initially. INDIAN RAILWAYS.