Making UPI Safer

I recently came across NPCI PayAuth Challenge, seeking proposals to improve UPI authentication process to enhance user experience and improved security. I thought this is a good reason to write a new blogpost. I have been a big advocate of risk based authentication and believe that it clearly has the potential significantly improve the authentication … Continue reading “Making UPI Safer”

Building Sutradhar

For last one year I have been busy building Sutradhar. It’s a platform for stories from Bhartiya Itihas and Mythology. Our ancient literature and oral folklore tradition is extremely rich and full of entertaining stories. At Sutradhar we are attempting to bring these stories to limelight by delivering them to your mobile phone. I urge … Continue reading “Building Sutradhar”

Conversation with a fraudster: Apparently I won an SUV on some Amazon Prime Lottery

Had the most amazing conversation just now. Brace yourself and read this: Received a call from an unknown number telling me I have won lucky draw of Amazon company and have won a Tata Safari. The generous caller gave me two options, either opt for the car or get the cash equivalent to the value … Continue reading “Conversation with a fraudster: Apparently I won an SUV on some Amazon Prime Lottery”

ProTalks : Fireside Chat with Gaurav Tripathi

Join the Fireside Chat featuring Gaurav Tiwari, the founder of Sutradhar which is building an ecosystem to support storytellers focused on telling stories from Indian mythology and ancient history, legends and folklores.Earlier he held senior roles at various banks with a focus on FinTech products and investments. Protalks is a series hosted by Gaurav Tripathi … Continue reading “ProTalks : Fireside Chat with Gaurav Tripathi”

Decoding CRED

CRED is one start-up, which has been getting a lot of media attention since it was launched by its charismatic founder, who in his previous avatar founded a very interesting start-up and gave a massive exit to his investors, when that start-up got acquired by Snapdeal. VC world loves a successful exit, for very obvious … Continue reading “Decoding CRED”

How Does FASTag Work?

FASTag is part of NETC (National Electronic Toll Collection) program by NPCI designed to provide an interoperable method of toll collection across the country irrespective of the acquirer, simple meaning that your FASTag device issued by any issuer will work on any toll plaza across the country irrespective of its acquirer. That is the benefit … Continue reading “How Does FASTag Work?”

Google Debit Card

Recently I came across news stories covering Google’s plan to launch a Debit Card. It all started with this TechCrunch article comparing this move with Apple Card launch. First of all, to me that is not a fair comparison to begin with because Credit and Debit card are two fundamentally different products at their core. … Continue reading “Google Debit Card”

Banking Industry’s Response to RBI’s Moratorium on Loan Deferment Proposal

Follow up to earlier post clarifying RBI’s loan deferment memorandum, this post by @bhartiya_abhi summarizes the response of leading banks. Presenting the summary and analysis of the response of 7 banks of India (SBI, ICICI, HDFC, PNB HSBC, Citibank and Standard Chartered) in response to RBI deferment option. While each bank has a separate policy … Continue reading “Banking Industry’s Response to RBI’s Moratorium on Loan Deferment Proposal”

RBI Loan Deferment (take it or leave it)

RBI has recently announced deferment option to financial institutions for 3months to fight the challenges arising due to the pandemic (Covid 19). This announcement is a welcome step to fight the sudden financial uncertainties faced by retail borrowers. While many people will grab this opportunity due to financial problems it has also increased confusion amongst … Continue reading “RBI Loan Deferment (take it or leave it)”

Transit Payments

Coronavirus (COVID19) has made us all conscious about avoiding unnecessary human contact to protect oneself from getting infected. This made many people think about how cash can be one of the careers. I am not familiar with the biology of the virus and how exactly this transmission would work. However if people are worried about … Continue reading “Transit Payments”

Co-branded Cards: Can It Go Beyond Branding

I had come across multiple news items regarding various co-branded cards like RBL Bank launching co-branded card with Zomato and HDFC Bank launching co-branded cards with Indigo Airlines. These stories prompted me into writing down my thoughts on this very popular product category among payment cards. During my days in Banks I had worked on … Continue reading “Co-branded Cards: Can It Go Beyond Branding”

डिजिटल भुगतान: कार्ड पेमेंट (पार्ट-४): धोखाधड़ी की रोकथाम

यह कार्ड भुगतान पर मेरी श्रृंखला का अंतिम भाग है और इस पोस्ट में मैं कार्ड उपभोक्ताओं को लक्षित कुछ आम धोखाधड़ी के तरीकों को कवर करने की कोशिश करूँगा। हम यह भी देखेंगे कि आप इन सबसे अपनी रक्षा कैसे कर सकते हैं। स्किमिंग: लेनदेन के समय आपके कार्ड की जानकारी चुराने और फिर … Continue reading “डिजिटल भुगतान: कार्ड पेमेंट (पार्ट-४): धोखाधड़ी की रोकथाम”

डिजिटल भुगतान: कार्ड पेमेंट (पार्ट-३): सुरक्षा

कार्ड भुगतान पारिस्थितिक तंत्र को उसके पूरे वैल्यू-चेन में शामिल विभिन्न पक्षों की सुरक्षा की दृष्टिकोण से डिज़ाइन किया गया है। मैं अपने “डिजिटल भुगतान” (पेमेंट) सीरीज में इस लेख को इन सुरक्षा उपायों के ऊपर केंद्रित करना चाहूंगा ताकि उपभोक्ता इसकी जानकारी रख सकें। कार्ड भुगतान से सम्बंधित हर इकाई, सिस्टम और प्रक्रिया को … Continue reading “डिजिटल भुगतान: कार्ड पेमेंट (पार्ट-३): सुरक्षा”

Thoughts on RBI Draft Paper on NUE for Retail Payment Systems

On 10th Feb, 2020 Reserve Bank of India released a paper on ‘draft framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems’ for public comments. RBI has invited comments from all stakeholders by February 25th, 2020. In 2005, when I had started my career from HDFC Bank, there were multiple … Continue reading “Thoughts on RBI Draft Paper on NUE for Retail Payment Systems”

कार्ड पेमेंट की परिभाषा सरल हिंदी में

जब आप अपने डेबिट, क्रेडिट या फिर प्रीपेड कार्ड का इश्तेमाल करते हैं तो कई कंपनियां इस पूरे चक्र में मिलकर काम करती हैं। पहले तो आपको कार्ड देने वाली बैंक जिसे इस्सुअर बैंक, दुकानदार के यहाँ कार्ड चलाने का मशीन या QR कोड देने वाला बैंक जिसे एक्विरिंग बैंक और इन दोनों बैंकों के … Continue reading “कार्ड पेमेंट की परिभाषा सरल हिंदी में”

Payments Explained: UPI Part 1 (Terminology)

UPI stands for Unified Payments Interface. It’s a system created by NPCI (National Payments Corporation of India) to enable various forms of payments like peer to peer (p2p), merchant payments (p2m) using bank accounts through mobile phone. With increasing adoption of mobile phone there was a need to enable a mobile native payments method that … Continue reading “Payments Explained: UPI Part 1 (Terminology)”

Payments Explained: Card Transactions Part 4 (Fraud Prevention)

This is the last part of my series on card payments and in this post I will try to cover some common frauds targeting card users and how one can best protect herself/himself against those. Skimming: Skimming is the process of stealing your card information at the time of interaction and then misusing that information … Continue reading “Payments Explained: Card Transactions Part 4 (Fraud Prevention)”

Payments Explained: Card Transactions Part 3 (Protection)

Card payments ecosystem has been designed with safeguards at various stages to ensure protection of various parties involved in the value chain. I would like to dedicate this post to list down these safeguards to make users familiar with them. Every entity, system and process handling card information needs to adhere to Data Security Standards … Continue reading “Payments Explained: Card Transactions Part 3 (Protection)”

Payments Explained: Card Transactions Part 2 (Transaction Flow)

Continuing from my last post dedicated towards explaining the common terminology used in payments world in terms of the participants and instruments, in this post I will focus on how a card transaction works. Back in 2005, after completing my B.Tech. in Mechanical Engineering, during my job interview with HDFC Bank, my super boss (then … Continue reading “Payments Explained: Card Transactions Part 2 (Transaction Flow)”

Payments Explained: Card Transactions Part 1 (Terminology)

Payments is the most popular service used by the widest customer base. Everyone recognizes some of the key players operating in the space like Banks (Issuers and Acquirers), Visa, MasterCard, NPCI (Interchanges) by virtue of seeing there logos at every ATM and merchant outlets and also on the face of their cards (Credit, Debit, Prepaid). … Continue reading “Payments Explained: Card Transactions Part 1 (Terminology)”

Blockchain: A sample case for how it can affect your life

Before there were banks, people used to trade by exchanging goods of value between themselves. This system was not scale-able due to the logistics involved. To solve this problem states came up with currency, which was issued by the state and value of the currency was guaranteed by the state. Primary form for these currencies … Continue reading “Blockchain: A sample case for how it can affect your life”

Financial Inclusion: Past, Present and Future A Technology View

The biggest challenge to financial inclusion situation is that most of the people attempting a solution don’t even have a clear view of the problem. When you solve the problem with clarity of vision, you end up creating an institution like Bandhan Bank and in other cases you end up installing ATM machines in villages, … Continue reading “Financial Inclusion: Past, Present and Future A Technology View”

BharatQR: Untapped Potential or Lost Opportunity

Officially launched on Feb,2017; BharatQR is world’s first interoperable and low cost acceptance solution, developed by National Payments Corporation of India (NPCI), Mastercard, and Visa. BharatQR was devised based on the direction set by the Reserve Bank of India (RBI) in September 2016 and its Payments Vision 2018, which outlines innovation, interoperability, and security as … Continue reading “BharatQR: Untapped Potential or Lost Opportunity”

State of Fintech in India

Introduction First thing first, “what is Fintech?” Well, my definition is very simple, “a financial services organization that runs their builds and manages their own technology stack. Specially the components that are mission critical for their business.” Why is this an advantage? Almost all the incumbents rely on outsourcing or licensing technology from various technology … Continue reading “State of Fintech in India”

About Me

I was born in a very small village in Uttar Pradesh, the population of which is in four digits and I still cannot locate it in Google maps. After spending six years there, I moved on to a small town called Jahanabad and studied there till 5th standard and then moved to Kanpur to live … Continue reading “About Me”

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