diff --git a/README.md b/README.md index 1373111..134dcc4 100644 --- a/README.md +++ b/README.md @@ -21,7 +21,7 @@ Various talks & Lectures that I have given 19. [HPACK - Header Compression in HTTP/2](/talks/hpack/). 20. [Sanderson's Laws of Magic](https://docs.google.com/presentation/d/1SNEEh2_i93V64Fnzg8_05vOGjJMSuagX8IyrLt-5xXk/present) 21. [multipart-emails](/talks/email-protocols/) - A short talk on how linking with mid/cid schemes works in multipart-emails. Related work: https://github.com/awdeorio/mailmerge/issues/86 -22. [Payment Systems in India](/payment-systems-in-india/) - A short 10 minute presentation on _some of the digital payment_ ecosystem in India. +22. [Payment Systems in India](/talks/payments-systems-in-india/) - A short 10 minute presentation on _some of the digital payment_ ecosystem in India. A few more talks that I've done are on my [SpeakerDeck account](https://speakerdeck.com/captn3m0) and my [slides.com](https://slides.com/captn3m0/) profile page. diff --git a/payments-systems-in-india/index.html b/payments-systems-in-india/index.html index 62f7353..d4afee3 100644 --- a/payments-systems-in-india/index.html +++ b/payments-systems-in-india/index.html @@ -1,4 +1,4 @@ -
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payment

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payment systems in india

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systems

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Ref: https://events.ccc.de/camp/2019/wiki/Session:Payment_Systems_in_India_(Rescheduled)

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in india

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rbi

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reserve bank of india

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RBI

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Reserve Bank of India

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banks

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Public

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    +
  • State Bank of India ($590B)
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  • Punjab National Bank ($120B)
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Private

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  • HDFC ($220B)
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  • ICICI ($140B)
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Total More than 1500 banks.

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Public=Govt is majority owner

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npci

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natonal payments corporation of india

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  • umbrella organization
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  • owned by banks
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  • authorized by rbi
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  • operates retail payments in india
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  • not-for-profit
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(not a government entity)

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all the ways you can pay

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digitally

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numbers

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  • adult population (800M)
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  • bank accounts (1.6B)
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  • debit card (660M)
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  • credit card (30M)
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(might be a few years old)

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card payments

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  • 3D Secure (2FA mandate)
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  • RuPay Card network (run by NPCI)
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  • 4M PoS devices
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(PoS = Point of Sale)

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NEFT/RTGS/IMPS

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Bank-Bank transfer

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  • RTGS: National Electronic Fund Transfer (run by RBI)
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  • RTGS: Real Time Gross Settlement (run by RBI)
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  • NEFT runs at 30 minute batches 24x7x365
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  • IMPS is instant
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historically:

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  • NEFT would run once every business hour
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  • RTGS would be real-time but only support high-value transactions to keep loads bearable
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wallets

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pre-payment-instrument

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  • Gift Cards
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  • Meal vouchers
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(Things that are currency, but not really currency)

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wallets = ppi

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bank account -> wallet

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your wallet = ledger

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  • transactions
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  • p2p transfers
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sachet economy

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  • wallet bloom
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  • no 2FA!
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NOV 09 2016

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UPI

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Unified Payments Interface

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  • mobile-first
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  • shared-banking-platform
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  • works-across-banks
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  • run by npci
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  • 25+ apps on both Android/iOS
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  1. authenticate with your phone number
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  2. pick a bank account
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  3. transact with your PIN for your bank account
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current players:

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  • PhonePe (owned by Flipkart->Walmart) (20-30%)
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  • WhatsApp (FB) (in beta)
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  • GPay (30-60%)
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  • Paytm (5%)
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interested in more?

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    +
  • Tuesday 1st Sep
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  • 1730 UTC / 1300 EST / 2230 IST
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  • (spoilers)
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effect=explosions

## cbs + +core banking system + +---

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