Are Incentives on UPI Payments Set to Make a Comeback?
NPCI pushing new UPI players to offer incentives to expand market share - ET BFSI
This is primarily aimed at getting users to transact through these new platforms.
Why NPCI did not invite Google, PhonePe & Paytm for its meeting on UPI - ET BFSI
The meeting focused on incentives and challenges like concentration risk but no clear solutions emerged for mitigating the dominance of major players. Read more
RBI holds discussions with banks and fintechs on ways to popularise CBDC - MoneyControl
Despite a push from some banks and the regulator and interoperability with UPI, CBDC has been losing popularity. Read more
RBI diktat to payment companies on merchants - The Times of India
RBI tightened scrutiny on online payments sector, introducing new guidelines with varying due diligence levels for merchants. Read more
RBI likely to issue license framework for point-of-sale players soon - Live Mint
Third-party point-of-sale operators will need to obtain a license to continue their operations while banks and NBFCs would not be hit much.
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Track fishy transactions, RBI tells payment firms - ET BFSI
RBI has asked payment system operators to prevent any potential misuse of electronic fund transfers to influence voters or fund candidates. Read more
Number of ATMs plateauing in India, off-site ATMs down since 2022 - The Hindu Business Line
RBI data shows that since 2017, the number of ATMs in the country has been growing at a snail’s pace. Read more
The difference between payment processors and payment gateways - FSS Knowledge Hub
While their names might sound interchangeable, they each play distinct roles in ensuring a smooth and secure payment flow. Read more
Cash in circulation more than doubles since FY17 on consumption demand - ET BFSI
Despite phasing out the ?2,000 notes, cash in circulation has more than doubled since FY2016-17.
ATM deployers may get a boost; higher cash withdrawal may cost more - Business Standard
The cost structure of ATMs is likely to get an update with a hike in interchange fee to ?20-23. Read more
Credit Cards | Acquirering | Cards | Lending | Rewards | PL
6 个月Great advice!
Cards & Payments, Core Banking, Digital Quality Engineering
6 个月Good idea. But I think new players like cred are bringing in lot of incentives to break this duopoly..