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Payments and Apps

Tuesday, 27 June 2017 05:58
Let's face it. Paying using apps mostly is a hassle, especially in the offline world.Let us take the example wherein you are at a grocery store and s/he accepts payments using one of the payment apps. The steps required for you to complete the payment are: 1. Download the app…
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More on going digital and the way forward

Tuesday, 27 June 2017 05:42
Continuing from where we left off in our last blog, let us venture into more areas. Do you remember your last visit to a medical store OR a kirana store? Do you remember seeing a tattered notebook at the counter where the shopkeeper made some entries about a product that…
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Going digital and the way forward

Thursday, 01 June 2017 09:00
Going digital is not an option anymore, even if it is the kirana store around the corner.  Many merchants have taken baby steps towards “digital” but there is a lot more that can be done to help build a seamless merchant experience. Let us understand the various components of a…
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Re-imagining the credit/debit card

Wednesday, 31 May 2017 09:08
What if your credit/debit card is easier to use?What if your credit or debit card was only a QR code and did not contain too many number elements in it?What if your credit or debit card may also be scanned, swiped, dipped?What if your payment experience was limited to scanning…
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Smart Cities need smart payment options

Wednesday, 31 May 2017 07:01
One of the most important citizen and eco-space interactions is payments. The government is pushing towards building or financing a plethora of smart city initiatives. What are smart Cities?Smart Cities are defined by extensive use of technology to make life simpler and more comfortable, while being friendly to the environment. A…
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Crypto Currencies - What are they?

Wednesday, 31 May 2017 05:29
There are currencies, there are digital currencies and then there are crypto currencies. The name does sound as if it were picked right out of a James Bond movie or a Dan Brown novel but lets try and simplify things.   What are crypto currencies?Cypto currencies are currencies that are…
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Digital payments and Merchant Challenges

Tuesday, 30 May 2017 12:06
Let’s accept it. While we keep hankering for digital payments at every merchant, the merchant faces a lot of challenges. Some of the common ones are:   Technical Knowledge Lack of clarity in the risks involved and their relevant mitigation Lack of knowledge on security standards Lack of proper communication…
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The different types of wallets

Tuesday, 30 May 2017 11:25
Each and everyone seems to have a physical wallet and quite a few of us have a digital wallet but do we know that there are three kinds of wallets (pre paid instruments) available, as defined by the regulator. Let us spend some bits and bytes understanding what are they…
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Game changing year 16-17. Will it continue?

Tuesday, 30 May 2017 09:47
Game changing year 16-17. Will it continue? Phew, that was quite a financial year. We want to throw some light on what happened in the payments space in the last financial year.   Will it continue? With the Prime Minister putting his entire weight behind digital payments, the payment industry…
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RBI released a draft circular!

Tuesday, 30 May 2017 08:51
RBI released a draft circular! (A circular is a compilation of several guidelines that RBI seeks to modify or introduce. A draft circular is one where RBI has proposed some changes and is seeking comments from the ecosystem) Some of the key guidelines in the draft circular are: PPI (Prepaid…
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A to Z of Payments - Part 3

Tuesday, 30 May 2017 08:34
  User Fees These are typically called as convenience fees. These are payment charges that the merchant passes onto the customers for enabling digital transactions. Many travel firms, utilties and others pass the charges to the consumer. User fees also changes on the type of payment instrument used. For example,…
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A to Z of Payments - Part 2

Tuesday, 30 May 2017 07:31
  Keys Public and Private. Payment firms use public and private keys to encrypt and decrypt sensitive information that is passed over the internet. This ensures the security of the information and also gives confidence to more people to use digital payment systems.   Loyalty Many payment and card issuing…
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A to Z of Payments

Tuesday, 30 May 2017 07:03
  Aggregation Aggregation in payments is the overarching theme since the early 2000’s. Payment aggregators bring together all kinds of digital payments in one platform, thereby helping businesses and consumers to collect/pay using one interface. These are typically non-bank entities.   Bitcoin This is the newest kind of digital currency…
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Why You Give Me Toffees Instead Of Change? - My Woes As A Consumer

Tuesday, 15 March 2016 15:00
Almost each and every one us, living in India, has at least once experienced the great Indian 'Toffee experience.' Confused? Don’t be! In simple words it means – Chutta nahi hai, toffee lo. Isn’t getting 1 rupee or 2 rupee chocolates the way of life when the shopkeeper doesn’t have…
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