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talks/india-fintech/index.md

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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

UPDATE balance set current=current-amount WHERE id=source
UPDATE balance set current=current+amount WHERE id=destination

How money really moves

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