india-fintech
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# india/fintech
---
## Agenda
- Some demos
- How money moves around?
---
## Ways to move money
- NEFT/RTGS/IMPS
- UPI
- Wallets
---
## How money moves
```sql
UPDATE balance set current=current-amount WHERE id=source
UPDATE balance set current=current+amount WHERE id=destination
```
---
## How money really moves
- [Source](https://krypt3ia.wordpress.com/2011/11/15/infosec-the-worlds-largest-rube-goldberg-device/)
---
# CBS (Core Banking System)
---
# payments v/s transfers
## merchant
## payer
## payee
---
# payments v/s transfers
## merchant
business that takes your money
## payer
the person paying
## payee
someone else getting your money
---
# P2M / P2P
- Payer to Merchant
- Payer to Payee
---
# wallets
(private ledger / PPI)
---
# DEMO - Paytm (P2M)
---
# pre-demo
- $1 = ₹ 73
- Payer = NEMO
- Merchant = Paytm
- Payment Method = *
---
# DEMO - UPI
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