NPCI will incur revenue losses to the tune of 200 crores annually Bankers claim that they would incur a loss of Rs. 5000 crores What am I talking about here? In the budget speech of July 2019, the Union Finance Minister announced that businesses...
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Digital payment poster boys like Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Electronic Toll Collections (NETC), and Bharat Bill Payment System (BBPS) reported record plunge in volumes and values in April 2020. Aadhar enabled Payment System (AePS) is the only channel that...
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The biggest casualty of COVID-19 Pandemic is the discretionary spending. Either people do not have the liquidity to spend, or they are conserving cash for the rainy days. COVID is terrible news for the fintech ecosystem. The sector already had functional troubles like narrow...
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When a cardholder detects a fraudulent transaction in their statement, he or she files a complaint with the issuing bank. Issuing bank then investigates the transaction and if it is found fraudulent, the bank will refund the original value to the cardholder. If the...
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All the developed economies started moving towards a cashless economy at the beginning of the 21st century. With India becoming an economic powerhouse in the world, has set the vision a step ahead towards becoming a card-less economy by 2020, as confirmed by NITI...
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