In the last ‘payments digest’, I wrote about RBI guidelines related to SI on Cards (mandate on cards). So let’s…
We know that aggregator has some charges but how it will collect those charges and from whom.
There are three commercial models in practice.
Let’s assume: PG Charge = 1%, GST = 18% (Financial Services), Transaction…
‘Life moves’… so do people and money… In my short career, I worked in companies that are specialised in moving people and moving money.
First half of my career (Pre-MBA), I worked as software developer with Automotive Giants in different geographies and developed…
NBFCs (Non-Banking Financial Company) are licensed entities that give different types of loans to consumers…
Let me bring back one of my favourite toys — Russian Nesting Dolls… why favourite? I am too old to play with them and my…
Banks are the one who process the payments and a payment aggregator is just a layer above those banks. To process transactions, the aggregator has to procure MID (Merchant ID) from the banks and then link those MIDs to the Live ID that of the merchant.
2023… another leg of a new journey… in last one month, we already have some exciting developments in payments (e.g., UPI for NRIs…
Top three suspenses that bothered me…
“Cash is the king and digital is divine”… thats what RBI said. We can debate about the second half of the sentence but…
