Welcome to RamRastogi.com. I have created this personal website to share my thoughts and industry insights in the digital payments space. I hope you will enjoy my posts and enjoy the curated information for your business benefits.
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Recent Posts
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How much a fraud costs banks?
Every dollar of fraud now costs banks and credit unions roughly $2.92 — a 9.3% increase over 2017. As worldwide card fraud continue to rise , it is fundamental that the payments industry steps up to the challenge to prevent further data breaches and losses. One of the key elements of keeping data secure is PCI… Read more
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Road Map for Digital Payments in India
The Reserve Bank of India has defined a vision for digital payments from 2019 to 2021, to “empower every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable.” To this end, it says it intends to follow an approach that enhances customer experience, empowers payment systems operators and… Read more
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Easing Tax Regulations for boosting Startup Ecosystem
In 2016, the government had announced that startups which did not have a total turnover of INR 25 Cr and was involved in innovation and development of new products were eligible for this benefit. They were also allowed to choose the three-year term during the first seven years. These current provisions have been interpreted in a… Read more
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Aadhaar Amendment Bill June 2019 – Restoring Aadhaar based e-KYC route for Fintech
The Union Cabinet yesterday approved the Aadhaar and Other Laws (Amendment) Bill, 2019, and will now be introduced in the first session of Parliament, set to begin on June 17th, for ratification by the Lok Sabha. The proposed amendments are the same as those contained in the ordinance circulated by the President in March this year. According to an… Read more
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Consent Brokers: India’s new Data-Sharing Model on Consent Layer
India is now moving to a new protocol on data-sharing with user’ consent as its centrepiece. Like with the Unified Payments Interface (UPI), it will usher in an era of digital transactions, this new class of non-banking financial institutions called Account Aggregators (NBFC-AA)holds the potential to be a Game-Changer. What is an Account Aggregator (NBFC-AA) ? Account Aggregatorsare the… Read more
