Wet Ink Signature v. Digital Signature
Wet Ink Signature is the conventional way of issuing consent by signing on paper with a pen. Digital Signature is the modern way of consenting digitally with a DSC (digital…
Six Step Plan For ONDC To Replicate The Success of UPI
Open Network for Digital Commerce seeks to increase the penetration of digital commerce in India by enabling companies to plug into its open and interoperable ecommerce protocol and thereby complete…
Seven Money-Making Schemes That Sound Too Good To Be True – But Are True
According to the old adage, "If it's too good to be true, it's a scam". In times of rampant fraud, like we're seeing in the crypto world now, many people…
Calling BS On The Meme “Banks Privatize Profits And Socialize Losses”
I first heard the meme "Banks privatize profits and socialize losses" soon after some banks were bailed out during the Great Financial Crisis of 2007-8 in USA. The narrative was,…
Go Figure: Contradictions – Part 2
This blog post features ten more contradictions / ironies / disconnects aka #GoFigure. 1. There are tons of free credit cards with rewards, deferred payment, fraud protection, etc. Debit card…
How Do Banks Make Money From Credit Card Business?
Banks have created the impression that they love credit cardholders who pay only the minimum balance every month and revolve their outstandings so that they can earn juicy interest off…
Go Figure: Contradictions – Part 1
In this blog post, we'll feature ten contradictions / ironies / disconnects aka #GoFigure. 1. Trend driving Tech: Go from CAPEX to OPEX. Trend driving Solar: Go from OPEX to…
Economic Times Publishes My Piece On “PPI Via UPI” Payments
Finance is full of hair splitting as I warned in Hair Splitting In Finance. Payments is no exception. In Retail Payments Primer, I highlighted that credit card, debit card, wallet,…
Aspirational Product Is Not Misselling
Aspirational Feature is a 10X feature in a software that attracts a lot of users to switch products but is not used by most defectors after they make the switch.…
ISO 20022: Waiting For Godot Moment
Limitation in field length of payment messages causes endless number of problems in electronic payments. Let me give a few examples: I was unable to fit the payee name MCS…