RT @logic
After a decade of #AePS failures, #NPCI has finally put in place a (relatively simpler) way to logde #AePS grievances

Customers can now lodge #AePS complaints at https://www.npci.org.in/register-a-complaint

After a decade of #AePS failures, #NPCI has finally put in place a (relatively simpler) way to logde #AePS grievances

Customers can now lodge #AePS complaints at https://www.npci.org.in/register-a-complaint

"It further said there is a need to maintain a separate mobile number attached to an add-on card."

Curious.

Anyway, don't fall for the bait.

Credit card linking probably means UPI fraud will now extend to your full credit limit.

RT @DeccanHerald@twitter.com

There will be no charge for #RuPay credit card use on #UPI for transactions up to Rs 2,000 in line with the #RBI direction, a recent #NPCI circular said.
https://www.deccanherald.com/business/business-news/no-charge-for-rupay-credit-card-use-on-upi-for-transaction-up-to-rs-2000-npci-1150911.html

🐦🔗: https://twitter.com/DeccanHerald/status/1577671249937006592

"It further said there is a need to maintain a separate mobile number attached to an add-on card."

Curious.

Anyway, don't fall for the bait.

Credit card linking probably means UPI fraud will now extend to your full credit limit.

RT @DeccanHerald@twitter.com

There will be no charge for #RuPay credit card use on #UPI for transactions up to Rs 2,000 in line with the #RBI direction, a recent #NPCI circular said.
https://www.deccanherald.com/business/business-news/no-charge-for-rupay-credit-card-use-on-upi-for-transaction-up-to-rs-2000-npci-1150911.html

🐦🔗: https://twitter.com/DeccanHerald/status/1577671249937006592

Yet #CIC ordered that @NPCI_NPCI can be outside the ambit of #RTI in @NEERAJ_RTI case
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RT @logic
#CashlessConsumer #Opendata We updated the #NPCI Shareholding tracker with latest data and some graphs

https://docs.google.com/spreadsheets/d/1nDlQBPh2hM9US6QKjzcR1pIYiqLTnCmeZeY3A_layb8/edit?usp=sharing
https://twitter.com/logic/status/1481160830129430528

#CashlessConsumer #Opendata We updated the #NPCI Shareholding tracker with latest data and some graphs

https://docs.google.com/spreadsheets/d/1nDlQBPh2hM9US6QKjzcR1pIYiqLTnCmeZeY3A_layb8/edit?usp=sharing

#CashlessConsumer #Opendata We updated the #NPCI Shareholding tracker with latest data and some graphs

https://docs.google.com/spreadsheets/d/1nDlQBPh2hM9US6QKjzcR1pIYiqLTnCmeZeY3A_layb8/edit?usp=sharing

#RBI includes #PMSVANidhi beneficiaries under #PIDF - The easiest way to juggle metrics - with no real outcomes. Will #PMSVANidhi and #NPCI provide data on how many QRs are active?

#RBI includes #PMSVANidhi beneficiaries under #PIDF - The easiest way to juggle metrics - with no real outcomes. Will #PMSVANidhi and #NPCI provide data on how many QRs are active?

Read our 2 year follow up on the issue to which neither @NPCI_NPCI nor @RBI has done anything material to change the data leaks.
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RT @logic
#CashlessConsumer Following up on consent-less auto fetch privacy violations in #BBPS

#NPCI's own data shows the practice of building credit profiles continue rampantly completely disregarding user consent & NPCI notice.

https://medium.com/cashlessconsumer/500ecc27fa30
https://twitter.com/logic/status/1234374536528723969

#CashlessConsumer #Breaking - #NPCI is preparing for both NUE as well GST based lending.

#UPI Mapper is a beta API which will get integrated into #UPI exposing UPI No.- an incremental payment address via APIs. Its 15 digit because GSTIN is 15 digit.

#CashlessConsumer #Breaking - #NPCI is preparing for both NUE as well GST based lending.

#UPI Mapper is a beta API which will get integrated into #UPI exposing UPI No.- an incremental payment address via APIs. Its 15 digit because GSTIN is 15 digit.

#NPCI is an entity not bound by #RTI and performs a public function of infrastructure for #DBT is problematic.

Ideally functions for state must be seperated from market related functions and former has to operate in fully transparent ways https://docs.google.com/document/d/e/2PACX-1vQ890MrmxeXC9UCfJgVndSEXYdeBB4iCnM7rGLxExMUhXOH6dc5EP3nUvoApqleoJyFFARTbEUpXv9J/pub

https://www.cashlessconsumer.in/uploads/apbs---system-standard-operating-procedure/index.html

So #NPCI published and later unpublished Standard Operating Procedure for #Aadhaar Payments #APB used in #DBT. Worry not, we got a cached copy from Google and are rehosting.

Public functions of NPCI must be TRANSPARENT.

@anivar @akshay suggested https://www.orfonline.org/research/unified-payment-interface/ which has detailed analysis of UPI/NPCI.

Quoting from it: According to Arundhati Ramanathan of The Ken, “Depending on the time and context, NPCI is a competitor. It is a platform. It is a regulator. It is an industry association. It is a profitable non-profit. It is a rule maker. It is a judge. It is a bystander.” #UPI #NPCI

We also discussing if we should demand a #FreeSoftware app for UPI.

https://codema.in/d/aul6SYjg/should-we-ask-for-free-software-app-for-upi-

#CashlessConsumer - As #PMGKY increases the load and stress on #AePS, #NPCI issued circular on AePS best practices in handling technial declines, customer support etc https://www.npci.org.in/sites/default/files/circular/Circular-AePS-Best-Practices..pdf

The ₹5000 seem to come from 74% of 'interbank ATM' withdrawal. But that is being used as baseline for broadbased pricing recommendation. #NPCI #NFS

There is a inherent bias inside this as #NPCI operates payments infrastructure for ~50% of digital payments.

Txn count - 403 M transactions in April 2020. What are they?

Balance enquiry and cash out are 2 seperate transactions and on average 1:1 (Most people check balance before / after txn) split. This is again, just to make numbers look large, a standard #NPCI armory

NPCI responded saying it had incidentally formed a steering committee on recurring bill payments with the same very same offenders mentioned in the complaint.

It is to be noted, #NPCI till date has not replied to the follow up on complaint.

#CashlessConsumer Following up on consent-less auto fetch privacy violations in #BBPS

#NPCI's own data shows the practice of building credit profiles continue rampantly completely disregarding user consent & NPCI notice.

https://medium.com/cashlessconsumer/500ecc27fa30