Credit Line on UPI: A New Opportunity for Issuer Banks
The Unified Payments Interface (UPI) has transformed India’s digital payments landscape, and the introduction of Credit Line on UPI brings an exciting opportunity for banks to offer credit directly through UPI apps. This feature allows customers to access pre-approved credit seamlessly for their transactions. As per the Reserve Bank of India (RBI) guidelines, only Scheduled […]
Data Privacy in Fintech: Balancing Innovation with Consumer Protection in the Indian Market
In a world that has moved to the internet and the mobile, data privacy is paramount. This is more evident in financial services. As India embraces digital financial services, the volume of sensitive consumer data has soared. Protecting this data is essential not only for regulatory compliance but also for building and maintaining consumer trust. […]
THE ALCHEMY OF PAYMENTS BY-PRODUCTS- DATA MONETISATION
What is data monetization? Data Monetization refers to the process of using data to obtain quantifiable economic benefits. Earlier, payment providers were making money from the fees charged to merchants for accepting payments from their customers. But data monetization has become a new business model which generates customer insights from data via advanced analytics […]
