Nitish Bhandari

Digital payments app Bharat Interface for Money (BHIM) will soon be available on the government-backed Open Network For Digital Commerce (ONDC) in a bid to increase its shares in the Unified Payment Interface (UPI) transactions 👇 The app will foray into the ecommerce space on ONDC via a separate division. With this, the users of the payments app would be able to shop for food and beverages, groceries, fashion, and apparel on the platform. The users of the app would be able to shop for food and beverages, groceries, and fashion on the platform, which is expected to boost BHIM’s UPI transactions. Launched in 2016 by the National Payments Corporation Of India (NPCI), BHIM is far behind in terms of UPI transactions compared to rivals like Google Pay, PhonePe and Paytm. To read more in detail, click here: https://lnkd.in/gZCitHtz #NCPI #BHIM #digitalpayments

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Our team at NiVa did a ground level survey with appx 800+ merchants across Pune , Delhi-NCR and Bangalore for various payment apps and in one of our insights about various payments apps we can see Paytm winning with huge margins across various metrics After reviewing the data , it's clear that Paytm is leading across all categories compared to other digital payment platforms like PhonePe, Cred, Google Pay, and Bharatpe. Fast Payments: Paytm has the highest bar with 85.7%, indicating it is the most preferred option for fast payments. Less Fraud: Paytm also tops the chart with 82.9% for being perceived as the most secure and fraud-resistant payment method. Service: In terms of customer service and support 88.6% , Paytm is ranked the highest by users. Less Fees: Paytm is considered the most affordable option with 48.6% with the lowest transaction fees. Multiple Payment Options: Paytm offers the widest range of payment choices with 88.6%, catering to diverse user preferences. The data unambiguously shows that Paytm outperforms its competitors across all the factors analyzed, including speed, security, service, affordability, and payment flexibility. It emerges as the dominant player in the digital payments space based on this comprehensive user preference study. This remarkable dominance holds valuable lessons for other players, including the up-and-coming NiVa platform. Firstly, prioritizing user experience is paramount – Paytm's seamless interface and rapid payment processing have struck a chord with consumers. Secondly, engendering trust through robust security measures and fraud prevention is non-negotiable in the fintech realm. Furthermore, Paytm's commitment to customer support and reasonable pricing has cultivated loyalty, underscoring the importance of putting users first. Lastly, offering a diverse range of payment options caters to varied preferences, expanding the user base. As NiVa aims to carve its niche, emulating Paytm's user-centric approach, technological prowess, and innovation in areas like security and payment diversity could be game-changers. In the fiercely competitive digital payments arena, learning from the industry leader may pave the way for NiVa's success. Vijay Shekhar Sharma Kudos to you and your team at PayTm !! #paytmkaro #fintech

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Govt business is the best business , govt is 40-50% partner in each enterprise even if you make loss as start up and Private business ! NCPI, CSC, are most profitable organisations , while they are tasked to do financial inclusion, imagine VC funded and listed companies payment companesies are not allowed to make money out of UPI and UPI brings profits to govt ! Debatable .. which is public and which is private for profit business ?

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Fintech unicorn Zeta launches UPI-linked credit-as-a-service for banks Zeta, founded by serial entrepreneurs Bhavin Turakhia and Ramki Gaddipati, projects that the transaction volume on this platform will surpass $1 trillion by 2030. They aim to capture approximately half of this market. #FintechInnovation #CreditAsAService #DigitalBanking #UPI #FinancialTechnology #BankingSolutions #CreditProducts #DigitalTransformation #FinancialServices #ZetaUnicorn #Entrepreneurship #DigitalPayments #FinanceIndustry #BankingTech #BusinessNews #StartupSuccess #financialnews #BusinessNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

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PayU India's LazyPay halts its buy-now-pay-later (#BNPL) service temporarily. In a letter sent to merchants on Nov 12th, seen by The Head and Tale, the company said that it is done "due to some internal re-organization of its businesses." #fintech #payments Top #FintechHighlights: - Rajeev Misra steps down as co-chief of SoftBank Vision Fund - Razorpay plans to invest in 50 startups through venture investment initiative - Jupiter saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23 - Payment aggregator firm Infibeam posts Rs 1016 crore in Q2 revenues - Coinswitch's parent sees dip in revenue from operations to Rs 38 crore - KYC startup Equal raises $10 million in Series A led by Prosus, others - Perfios reported Rs 71.7 crore in profit after tax, up from Rs 7.79 crore in FY23 - Cashfree pilots cross-border payments with Swiggy, Nykaa, others - Juspay reports almost 50% increase in revenue from operations in FY24 Read The Head and Tale for daily highlights https://lnkd.in/gKRfVCHe

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13Karat appears to be the first fintech to stop the P2P products which were in partnership with their NBFC-P2P partners. Well done 13Karat for the quick action taken here. However other fintech partners are still selling the fixed tenure fixed returns products even when the 16th Aug 2024 RBI regulations came into effect immediately. What would it take for these platforms to follow the regulations? Regulations summary here: https://lnkd.in/dv-PWC5E

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🚨 Newsbreak🚨 Venture capital investors are betting on banks 💰 🏦 Lightspeed India and Sorin Investments are leading the $11.5 mn round in Shivalik Small Finance Bank This comes after Accel and Quona also invested in Shivalik, which has focused on Uttar Pradesh and Madhya Pradesh markets Shivalik got RBI approval in 2020 to convert from a cooperative bank to a small finance bank The Arc More 👇 #banking #finance #investment #smallfinance #lending #rbi #shivalik

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BharatPe was an underdog in the crowded offline payments space in 2019 but thanks to Karan Khanna, we managed to onboard lakhs of merchants rapidly. Merchants had many options for UPI accepting payments, so we kept merchants engaged by offering cashbacks on an ad hoc basis. These bumped up our transactions but their effect was short-lived and transactions dropped when the cashback stopped. It became clear that we needed an organised loyalty program to drive sustainable engagement. Enter BharatPe Runs, which quickly became a hit among our merchants. Our own currency to reward their loyalty was a success because of: 1. Inclusivity: We rewarded everyone, from paan-waalas and sabzi-waalas to big retail stores. 2. Gamification: The currency had a gamified nature, rewarding all merchant activities in the BharatPe app—from taking loans to buying insurance, and of course, accepting payments. The chase for milestones was the ultimate hook. 3. Recall & Gratitude: This 'earn and burn' model fostered a deep sense of gratitude as well as brand recall. Merchants appreciated us when they earned Runs and loved us even more when they redeemed Runs for goodies. BharatPe Runs laid the foundation for my journey in the world of Loyalty and Rewards. Pawan Pathak, Gagandeep Arora, Abhishek Sharma, Subhasis Beura, Abhishek Shah, Arjun Juneja #Loyalty #BharatPe #Rewards #UPI #Cashback

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🚨 🚨 Paytm Q1 Results: Consumer payments take the hit, merchant biz resilient The company has reported a 137% increase in net loss to Rs 840 crore Operating revenues fell by 36% to Rs 1,501 crore in April-June 2024 on a year-on-year basis. The adjusted EBITDA loss, which excludes ESOP costs, was Rs 545 crore compared to a Rs 84 crore profit in the same period last year https://lnkd.in/gTq7n22r

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New to the Payment Business? Dive into this Hindi video to explore the lucrative world of payment aggregation! Learn how to earn 0.2% on every transaction processed through your platform. Imagine processing transactions worth trillions of dollars—what could your revenue look like? This video details everything you need to know about how the payment aggregation business operates in India, including regulatory aspects and how to secure a Payment Aggregation License. Don’t miss out on this opportunity to elevate your financial game! Check out the video now and start your journey in the payment industry today! #PaymentAggregation #Fintech #PaymentSolutions #Entrepreneurship #Finance #BusinessInIndia

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Can Aadhaar and PAN pave the way for BNPL in India? #Fintech #BNPL #Aadhaar #PAN #DigitalFinance #SecurePayments #IndiaTech #Ecommerce #Innovation #CEOFactory #business #entrepreneur #startups #factoid

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At the cost of sounding like a Dmart fan, contrasting a product return experience between Dmart and Zepto: Zepto: wrong product delivered - spent 30 minutes chatting with customer service - get it escalated - refund finally issued to wallet and not mode of payment despite the latter being requested Dmart: I ordered wrong product by mistake - no questions asked on return as per policy - refund issued in cash There is a difference between providing convenience and delivering promised levels of customer experience. Dmart wins hands down on the latter.

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🚨 Big Changes in P2P Lending! 🚨   It’s been almost 2 weeks since the RBI's latest guidelines have shaken up the P2P lending landscape, pushing platforms to rethink their game. The days of credit guarantees and sluggish fund transfers are gone. As the rules tighten, 🏦 transparency and compliance are taking center stage—transforming the way lenders and borrowers interact. I am presenting some important takeaways from the guidelines: 1️⃣ Prohibition of Credit Guarantees:  🛑 Risk completely belongs to the P2P Lenders: NBFC-P2P platforms are now prohibited from offering credit guarantees or enhancements, ensuring P2P lenders bear the full credit risk. This increases transparency and ensures a realistic assessment of borrowers' creditworthiness. 💼 2️⃣ Stricter Fund Transfer Rules: ⏳ T+1 Fund Settlement: P2P platforms must transfer funds from lenders to borrowers and vice versa within one business day (T+1). This reduces delays, making the process more efficient and ensuring quicker loan disbursements and returns for lenders. 💸 3️⃣ Caps on Lending Amounts:   📊 Lending Limits: Lenders are capped at a cumulative lending limit of ₹50 lakh across all P2P platforms. Lenders wishing to lend over ₹10 lakh must provide a net worth certificate confirming a minimum net worth of ₹50 lakh. Borrowers can borrow a maximum of ₹10 lakh across all P2P platforms. 💳 4️⃣ Restrictions on Cross-Selling: 🔒 Focus on Core Lending: P2P platforms can no longer cross-sell products, except for loan-specific insurance. 🚫 5️⃣ Enhanced Transparency Through Disclosures:   📅 Monthly NPA and Portfolio Performance Reporting: P2P platforms must now disclose portfolio performance, including non-performing assets (NPAs) and delinquencies, on a monthly basis. This allows lenders to better assess risks and make more informed decisions. 🧾📊 6️⃣ Revised Fee Structures:   💵 Fixed Fee Structure: P2P platforms can charge fees either as a fixed amount or a fixed percentage of the principal, with fees no longer contingent on loan performance. This makes the fee structure more predictable and fair for both lenders and borrowers. ⚖️ 💡 RBI's Intent Behind Regulations:  The Indian P2P lending market is valued at approximately ₹8,000-10,000 crore, with around 25 active P2P platforms registered as NBFCs with the RBI. With the ever-growing demand for credit in the past 3-4 years, 📈 RBI wants to create a more secure 🔐 and transparent P2P lending environment in India to avoid any future mishaps and safeguard P2P lenders. The updated guidelines aim to promote transparency, accountability, and fairness in the P2P lending space. While these changes may create operational challenges for platforms, they are expected to ensure long-term growth, stability, and trust in the P2P lending ecosystem. 🌱🛡️ Will post next on the mitigation strategy. Let me know your thoughts/strategies on the new P2P Lending Guidelines in the comments.💬

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Pincode 𝐛𝐲 PhonePe: 𝐀 𝐆𝐚𝐦𝐞-𝐂𝐡𝐚𝐧𝐠𝐞𝐫 𝐨𝐫 𝐉𝐮𝐬𝐭 𝐀𝐧𝐨𝐭𝐡𝐞𝐫 𝐏𝐥𝐚𝐲𝐞𝐫? The hyperlocal delivery space in India just got more crowded. We have Pincode, PhonePe’s new venture, making noise. It's pulling this off with: 1. ONDC Integration: Pincode isn't building dark stores. Instead, it's leveraging Open Network For Digital Commerce (ONDC) to empower local stores rather than compete with them. 2. Trust & Relationships: Pincode banks on trust, familiarity, and the already-established rapport of local shops with their customers - a big cultural win in India. Why it might be better: 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐋𝐨𝐜𝐚𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬: Your friendly neighbourhood shop can join the e-commerce bandwagon seamlessly. 𝐂𝐨𝐬𝐭 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞: Leveraging ONDC could lower operational costs, translating to competitive pricing for us. However, it's worth noting that Pincode will struggle to match Zepto’s blazing-fast delivery and standardized user experience. Pincode is undeniably rooted in the 𝐈𝐧𝐝𝐢𝐚-𝐟𝐢𝐫𝐬𝐭 𝐩𝐡𝐢𝐥𝐨𝐬𝐨𝐩𝐡𝐲, but its success will hinge on execution. Will we embrace local business support over speed? Let's see. #PhonePe #Pincode #HyperlocalDelivery #ONDC Zepto Blinkit instamart

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