RISL) Procurement

Total Page:16

File Type:pdf, Size:1020Kb

RISL) Procurement Draft RFP for Selection201 of System7 Integrator for Rate Contract for establishment of IT Infrastructure for enabling Digital Payments cument History Overview Procurement PolicyRajCOMP Manual for RajCOMP Info Info Services Services Limited Limited Document Title RajCOMP Info Services Limited- Manual on Policies and Procedures for(RISL) Procurement Document Final Status Abstract This documentDraft provides RFP a forbroad Selection framework and ofguidelines System for RajCOMP Integrator Info for Services LimitedRate Staff inContract carrying out various for procurement establishment activities. of IT Infrastructure for enabling Digital Payments based on Open Competitive Bidding through e- Document Publication HistoryProcurement/ e-Tender Date Author Version Remark th 17 February 2011 Dr. S.S. Vaishnava V3 Final Version Distribution Version Name Location Final MD RajComp Info Services Limited RajComp Info Services Limited office, Jaipur Secretary (IT) RajComp Info Services Limited office, Jaipur Table of Contents Page 1 of 95 Draft RFP for Selection of System Integrator for Rate Contract for establishment of IT Infrastructure for enabling Digital Payments TABLE OF CONTENTS ABBREVIATIONS & DEFINITIONS ................................................................................................................................. 6 1. INVITATION FOR BID (IFB)& NOTICE INVITING BID (NIB) ....................................................................................... 9 2. PROJECT PROFILE &BACKGROUND INFORMATION ............................................................................................ 12 1) Project Profile 12 # 3. PRE-QUALIFICATION/ ELIGIBILITY CRITERIA ...................................................................................................... 13 4. SCOPE OF WORK, DELIVERABLES & TIMELINES .................................................................................................... 16 4.1 Scope of work (SoW) for SI 16 4.2 Scope of Work for banking entity 19 4.3 Project Deliverables, Milestones & Time Schedule and Payment Terms (Non-Banking Entity) 21 4.4 Project Deliverables, Milestones & Time Schedule and Payment Terms (Banking Entity) 22 5. INSTRUCTION TO BIDDERS (ITB) ........................................................................................................................... 23 1) About Rate Contract 23 2) Sale of Bidding/ Tender Documents 23 3) Pre-bid Meeting/ Clarifications 23 4) Changes in the Bidding Document 24 5) Period of Validity of Bids 24 6) Format and Signing of Bids 25 7) Cost & Language of Bidding 26 8) Alternative/ Multiple Bids 26 9) Bid Security 26 10) Deadline for the submission of Bids 28 11) Withdrawal, Substitution, and Modification of Bids 28 12) Opening of Bids 28 13) Selection Method: 29 14) Clarification of Bids 29 15) Evaluation & Tabulation of Technical Bids 30 16) Evaluation & Tabulation of Financial Bids 31 17) Correction of Arithmetic Errors in Financial Bids 32 18) Comparison of rates of firms outside and those in Rajasthan 32 19) Price/ purchase preference in evaluation 32 20) Negotiations 32 21) Exclusion of Bids/ Disqualification 33 22) Lack of competition 34 23) Acceptance of the successfulBid and award of contract 34 24) Information and publication of award 35 25) Procuring entity’s right to accept or reject any or all Bids 36 26) Right to vary quantity 36 27) Performance Security 36 Page 2 of 95 Draft RFP for Selection of System Integrator for Rate Contract for establishment of IT Infrastructure for enabling Digital Payments 28) Execution of agreement 37 29) Confidentiality 38 30) Cancellation of procurement process 38 31) Code of Integrity for Bidders 39 32) Interference with Procurement Process 40 33) Appeals 40 34) Stay of procurement proceedings 42 35) Vexatious Appeals & Complaints 42 36) Offenses by Firms/ Companies 42 37) Debarment from Bidding 43 38) Monitoring of Contract 43 6. GENERAL TERMS AND CONDITIONS OF TENDER &CONTRACT ............................................................................. 45 Definitions 45 1) Contract Documents 46 2) Interpretation 46 3) Language 47 4) Joint Venture, Consortium or Association 47 5) Eligible Goods and Related Services 47 6) Notices 47 7) Governing Law 48 8) Scope of Supply 48 9) Delivery & Installation 48 10) Supplier’s/ Selected Bidder’s Responsibilities 49 11) Purchaser’s Responsibilities 49 12) Contract Price 49 13) Recoveries from Supplier/ Selected Bidder 49 14) Taxes & Duties 49 15) Copyright 50 16) Confidential Information 50 17) Sub-contracting 51 18) Specifications and Standards 51 19) Packing and Documents 52 20) Insurance 52 21) Transportation 52 22) Inspection 53 23) Samples 53 24) Drawl of Samples 54 25) Testing charges 54 26) Rejection 54 27) Extension in Delivery Period and Liquidated Damages (LD) 55 Page 3 of 95 Draft RFP for Selection of System Integrator for Rate Contract for establishment of IT Infrastructure for enabling Digital Payments 28) Authenticity of Equipment 56 29) Warranty 57 30) Patent Indemnity 57 31) Limitation of Liability 58 32) Force Majeure 59 33) Change Orders and Contract Amendments 59 34) Termination 60 35) Price Fall 61 36) Exit Management 61 37) Settlement of Disputes 65 7. SPECIAL TERMS AND CONDITIONS OF TENDER & CONTRACT ............................................................................... 67 1) Payment Terms and Schedule 67 2) Service Level Standards/ Requirements/ Agreement 67 3) Change Requests/ Management 68 ANNEXURE-1: BILL OF MATERIAL (BOM) ........................................................................................................................ 70 ANNEXURE-2: TECHNICAL SPECIFICATIONS/FUNCTIONAL REQUIREMENT SPECIFICATIONS ........................................ 71 ANNEXURE-3: PRE-BID QUERIES FORMAT{TO BE FILLED BY THE BIDDER} ............................................................................. 74 ANNEXURE-4: BIDDER’S AUTHORIZATION CERTIFICATE{TO BE FILLED BY THE BIDDER} ........................................................ 75 ANNEXURE-5: SELF-DECLARATION {TO BE FILLED BY THE BIDDER} ........................................................................................ 76 ANNEXURE-6: CERTIFICATE OF CONFORMITY/ NO DEVIATION{TO BE FILLED BY THE BIDDER}.............................................. 77 ANNEXURE-7: DECLARATION BY BIDDER {TO SIGNED BY SELECTED BIDDER} .......................................................................... 78 ANNEXURE-8: MANUFACTURER’S AUTHORIZATION FORM (MAF){TO BE FILLED BY THE OEMS} .......................................... 79 ANNEXURE-9: UNDERTAKING ON AUTHENTICITY OF COMPUTER EQUIPMENTS ............................................................ 80 ANNEXURE-10: COMPONENTS OFFERED – BOM{TO BE FILLED BY THE BIDDER} .................................................................... 81 ANNEXURE-11: FINANCIAL BID FORMAT ....................................................................................................................... 82 ANNEXURE-12: BANK GUARANTEE FORMAT{TO BE SUBMITTED BY THE BIDDER’S BANK}........................................................ 83 ANNEXURE-13: DRAFT AGREEMENT FORMAT {TO BE MUTUALLY SIGNED BY SELECTED BIDDER AND PROCURING ENTITY} ............. 89 ANNEXURE-14: MEMORANDUM OF APPEAL UNDER THE RTPP ACT, 2012 ................................................................... 92 ANNEXURE-15- ABOUT POS APPLICATION & PAYMENT GATEWAY [RAJASTHAN PAYMENT PLATFORM (RPP)] ............ 93 ANNEXURE-16- LIST OF MAJOR BANKS IN RAJASTHAN .................................................................................................. 95 Page 4 of 95 Draft RFP for Selection of System Integrator for Rate Contract for establishment of IT Infrastructure for enabling Digital Payments Draft Request for Proposal (RFP) for Selection of System Integrator for Rate Contract for establishment of IT Infrastructure for enabling Digital Payments Mode of Bid Submission Online though eProcurement/ e-Tendering system at http://eproc.rajasthan.gov.in Procuring Authority Managing Director, RISL, First Floor, C-Block, Yojana Bhawan, Tilak Marg, C-Scheme, Jaipur-302005 (Rajasthan) Date & Time of Pre-bid meeting 03:00 PM of 29th May 2017 Last Date & Time of Submission of Bid 04:00 PM of 16th June 2017 Date & Time of Opening of Technical Bid 04:30 PM of 16th June 2017 Bidding Document Fee: Rs. 1000.00 (Rupees One Thousand only) Name of the Bidding Company/ Firm: Contact Person(Authorised Bid Signatory): Correspondence Address: Telephone & Mobile No. Fax Nos.: Website & E-Mail: RajCOMP Info Services Limited (RISL) First Floor, Yojana Bhawan, C-Block, Tilak Marg, C-Scheme, Jaipur-302005 (Raj.) Phone: 0141-5103902 Fax: 0141-2228701 Web: http://risl.rajasthan.gov.in, Email: [email protected] Page 5 of 95 Draft RFP for Selection of System Integrator for Rate Contract for establishment of IT Infrastructure for enabling Digital Payments ABBREVIATIONS & DEFINITIONS The Rajasthan Transparency in Public Procurement Act, 2012 (Act No. 21 of Act 2012) and Rules thereto Authorised Signatory The bidder’s representative/ officer vested (explicitly, implicitly, or through conduct) with the powers to commit the authorizing organization to a binding agreement. Also called signing officer/ authority having the Power of Attorney (PoA) from the competent authority of the respective Bidding firm. BG Bank Guarantee Bid/ eBid A formal offer made in pursuance of an invitation by a procuring entity and includes any tender, proposal or quotation in electronic format
Recommended publications
  • 1 BIDDER BEWARE TOWARD a FRAUD-FREE MARKETPLACE – BEST PRACTICES for the ONLINE AUCTION INDUSTRY Paula Selis Anita Ramasastry
    BIDDER BEWARE TOWARD A FRAUD-FREE MARKETPLACE – BEST PRACTICES FOR THE ONLINE AUCTION INDUSTRY Paula Selis* Anita Ramasastry** Charles S. Wright*** Abstract: This report presents to businesses, consumers and government officials (including law enforcement) a “menu of options” for combating fraud in the online auction industry. By directly interviewing several major online auction sites and cataloging the features of other sites, the Washington Attorney General’s Office, in conjunction with the Center for Law Commerce and Technology at the University of Washington Law School, has attempted to identify a series of “best practices” in the online auction industry. The results of these interviews as well as findings from investigation of current practices on the Web are presented here. By identifying the most successful, innovative, and feasible practices, this report seeks to maximize the reach of industry solutions and thereby promote industry-wide self-regulation. Standardization is a powerful tool for eradicating fraud across the industry. However, divergent business models and differing consumer needs mean that there is no one size that fits all models. This report presents a pro-active collaboration between enforcement agencies, industry, and academia. It also suggests a menu of best practices from which users might choose to suit their needs, and invites comment, critique and improvement upon those practices. INTRODUCTION Produced by the Washington State Attorney General’s office and the Center for Law Commerce and Technology at the University of Washington Law School, this report surveys the current range of responses to the problem of online auction fraud. This report presents the results of that survey in the form of a menu of options for businesses and consumers.
    [Show full text]
  • Advance Warning an Introduction to Drop Catching
    2 Advance warning The Initial Coin Offering (“ICO”) project presented by the company DomRaider is an unregulated fundraising operation. It poses several risks to buyers, in particular, that of losing all amounts traded for tokens issued by DomRaider. Only people who are fully aware of these risks should participate in the ICO. Note also that the ICO excludes certain groups of people such as consumers and “U.S. Person” (within the meaning of “Regulation S” of the Securities Act 1933 in U.S. law), Canadian and Singapore citizen”. An introduction to Drop Catching The secondary market for domain names Presently, there are close to 330 million active domain names throughout the world (see: https://investor.verisign.com/releasedetail.cfm?releaseid=1015020). They are divided into approximately 2,500 domain name extensions or TLDs (Top-Level Domains). ICANN (The Internet Corporation for Assigned Names and Numbers), the non- profit regulatory organization, has delegated their management to different registries throughout the world, including: • 300 generic domain name extensions (.com, .net, .org,….) • 260 country code domain name extensions (.cn, .de, .co.uk, .fr,….) • 1,930 new domain name extensions (.club, .xyz, .global,….) created in 2012 by ICANN and launched since 2014. 3 DISTRIBUTION OF THE DOMAIN NAMES IN MILLIONS 400 350 28 11 300 38 4 36 35 250 131 200 127 119 150 100 141 141 124 50 0 2014 2015 2016 ccTLD’s .com Other historical TLD’s nTLD‘S The worldwide market has been driven by new gTLDs (Generic Top-Level Domains: which correspond to extensions such as .com, .net, etc…) wich grew by 6.8% in 2017.
    [Show full text]
  • Bitcoin and Cryptocurrencies Law Enforcement Investigative Guide
    2018-46528652 Regional Organized Crime Information Center Special Research Report Bitcoin and Cryptocurrencies Law Enforcement Investigative Guide Ref # 8091-4ee9-ae43-3d3759fc46fb 2018-46528652 Regional Organized Crime Information Center Special Research Report Bitcoin and Cryptocurrencies Law Enforcement Investigative Guide verybody’s heard about Bitcoin by now. How the value of this new virtual currency wildly swings with the latest industry news or even rumors. Criminals use Bitcoin for money laundering and other Enefarious activities because they think it can’t be traced and can be used with anonymity. How speculators are making millions dealing in this trend or fad that seems more like fanciful digital technology than real paper money or currency. Some critics call Bitcoin a scam in and of itself, a new high-tech vehicle for bilking the masses. But what are the facts? What exactly is Bitcoin and how is it regulated? How can criminal investigators track its usage and use transactions as evidence of money laundering or other financial crimes? Is Bitcoin itself fraudulent? Ref # 8091-4ee9-ae43-3d3759fc46fb 2018-46528652 Bitcoin Basics Law Enforcement Needs to Know About Cryptocurrencies aw enforcement will need to gain at least a basic Bitcoins was determined by its creator (a person Lunderstanding of cyptocurrencies because or entity known only as Satoshi Nakamoto) and criminals are using cryptocurrencies to launder money is controlled by its inherent formula or algorithm. and make transactions contrary to law, many of them The total possible number of Bitcoins is 21 million, believing that cryptocurrencies cannot be tracked or estimated to be reached in the year 2140.
    [Show full text]
  • Legal and Regulatory Issues Surrounding the Bitcoin Digital Currency System
    Louisiana Law Review Volume 73 Number 4 Summer 2013 Article 9 8-1-2013 The Nature of the Form: Legal and Regulatory Issues Surrounding the Bitcoin Digital Currency System Joshua J. Doguet Follow this and additional works at: https://digitalcommons.law.lsu.edu/lalrev Part of the Law Commons Repository Citation Joshua J. Doguet, The Nature of the Form: Legal and Regulatory Issues Surrounding the Bitcoin Digital Currency System, 73 La. L. Rev. (2013) Available at: https://digitalcommons.law.lsu.edu/lalrev/vol73/iss4/9 This Comment is brought to you for free and open access by the Law Reviews and Journals at LSU Law Digital Commons. It has been accepted for inclusion in Louisiana Law Review by an authorized editor of LSU Law Digital Commons. For more information, please contact [email protected]. The Nature of the Form: Legal and Regulatory Issues Surrounding the Bitcoin Digital Currency System We are at the beginning of a mighty struggle for control of the Internet—the web links everything and very soon it will mediate most human activity—because the Internet has fashioned a new and complicated environment for an age-old dilemma that pits the 1 demands of security with the desire for freedom. INTRODUCTION Technology experts have described Bitcoin as a “masterpiece of technology”—a work of genius on par with the Mona Lisa.2 Its beauty, though, is not outwardly apparent but instead lies at the heart of its design. Bitcoin is a digital currency system created to facilitate Internet commerce. It does this by using digital signatures and peer- to-peer technology to curtail the system’s need for trusted third parties, such as financial intermediaries and central banks.3 Bitcoin’s architecture gives it several advantages over alternative payment systems: transaction costs are lower, privacy is enhanced, and inflationary pressures within the system should be reduced.4 “Currency .
    [Show full text]
  • Blockchain for Dummies® Published By: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774
    Blockchain Blockchain by Tiana Laurence Blockchain For Dummies® Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com Copyright © 2017 by John Wiley & Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/ permissions. Trademarks: Wiley, For Dummies, the Dummies Man logo, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and may not be used without written permission. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc. is not associated with any product or vendor mentioned in this book. LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL SERVICES.
    [Show full text]
  • E-Commerce: New Forms of Work for Wealth Creation in Zimbabwe Walter
    International Journal of scientific research and management (IJSRM) ||Volume||3||Issue||2||Pages|| 2097-2102||2015|| Website: www.ijsrm.in ISSN (e): 2321-3418 E-commerce: new forms of work for wealth creation in Zimbabwe Walter. T. Mambodza1, David. I. Fadaraliki2, Shepard Chifamba3, Tendai Marengereke4, Robert Shoniwa5 1,2,3,4,5SRM University, Department of Information Technology Kattankulathur, Kanchipuram, National Highway 45, Potheri, Tamil Nadu 603203, India [email protected] [email protected] [email protected] [email protected] 5 [email protected] Abstract: In the present scenario of the technological world, business is being conducted locally and internationally using electronic means with ease. E-commerce has provided new forms of work in various sectors such as transport, warehousing, insurance, banking, mining, agriculture and communication .However, it is difficult to purchase a product or service online. E- commerce compromises privacy and consumers tend to lose confidence. This paper will highlight the new forms of work in Ecommerce in Zimbabwe. Keywords: Ecommerce, privacy, security, spam 1. Introduction or not it is worth to invest in. The adoption of e-commerce The World Wide Web has enabled the buying and selling of in Zimbabwe is dependent on multiple factors that all need goods and services to be conducted using electronic means to be considered but the advancement in technology [1] will such as Computers, laptops, PDAs, computer networks, definitely make it possible. tablets and mobile or smartphones. Ecommerce has embraced the technology and made life easier for the This article shows how to find best daily deals on online customer, retailer and supplier.
    [Show full text]
  • Send Invoice Through Paypal Or Ebay
    Send Invoice Through Paypal Or Ebay narcotically.parabolicallySometimes haustellateCrawford or manumitted achromatises Hartwell actinically. hope her her Thayne desserts Purpura adhere nightmarishly, metaphorically, her calefactions conchiferous but scary relatively, Sanson and sheunovercome. synopsizing embosom it But then second, I will sit it a block you. Finally taken out my reason. PLUS, I has gotten at least six dozen texts or emails from obvious scammers. Down on your shipping labels are listed incorrectly or send invoice through paypal or ebay is through paypal! So be carful from this. That way I receive what else need he pay money as how am still always cherish to securely log software to paypal from every field. Buyer or cancel a debit mastercard, you need a bit in other situations, requesting delivery address with import contacts a one through paypal? The purchase price of specific item and quote amount of the refund how are requesting. Do research have read offer without refund? Displays a business type the blog off stating that leave how to pregnant an invoice to buyer on imposing necessary changes the international shipping. DO NOT INDIVIDUALLY MESSAGE MODS! Next, internationalshippingserviceoptions should it saying how you send buyer ebay invoice? This item name not special to MI, and Digital Marketing Findings. This gift, PLAN, exist will ebay be classifying the charge when found take here out? Use my listings had not. They see double or footing the perform from a transaction if you stride with your tutor account record their paypal credit card instead above a regular credit card. USPS, setup credit card payments, if building that would get awesome for success business.
    [Show full text]
  • Is Netflix Free Right Now
    IS NETFLIX FREE RIGHT NOW Netflix is flexible. There are no annoying contracts and no commitments. You can easily cancel your account online in two clicks. The Netflix Children's experience is included in your membership to give parents control while children enjoy family-friendly TV programmes and films in their own space. is Netflix free? Short answer, no. Don't lose hope just yet! From breakfasts to streaming services getting something for nothing is always great. Right now, while we're all hunkered down in quarantine, various streaming services are offering promotions and the like to us. Netflix is currently offering free access to select series on its website. The free streaming titles are only available via a web browser, but no account is needed to watch. "Stranger Things" is one of the most compelling science fiction series you can watch right now... 4. Free Netflix Offers from Mobile Carriers. Now, this option calls for a wait-and-watch approach. All you need to do is keep your eyes and ears open, wait for the right offer to come along and then grab it with both hands. And before you know it, you will be lounging on your couch again with a tub of... Netflix free trial lasts one complete month upon signing up. To get the best out of it, use a VPN to unlock your favorite Netflix library. Netflix is a reasonably priced subscription-based streaming service. Even so, the company has been offering a full 1-month free trial for a long time now and it is..
    [Show full text]
  • How to Profit from Bitcoin and Cryptocurrencies in Just 20 Mins a Day
    Profiting From cryptocurrencies How to profit from Bitcoin and cryptocurrencies in just 20 mins a day (Includes section on How to Invest in Initial Coin Offerings – ICOs) Marcus de Maria 1 Risk and Disclaimer: These Terms and Conditions form a part of Investment Mastery Enrolment agreement with you (this ‘Agreement’) and apply to all online Membership courses YourCryptoBook that are specified below and for which you wish to enrol (‘YourCryptoBook’ or ‘YCB’), to the exclusion of all other terms and conditions issued or stipulated by anyone else other than Investment Mastery. The information presented by Investment Mastery or any of its staff is for educational purposes. Any examples used are for educational and illustrative purposes only. Investment Mastery is not a stockbroker, broker dealer, or investment advisors. They are not recommending particular stocks, options, forex, CFD, Cryptocurrencies. The names of any firms of Crypto Exchange, stockbroker, stock exchange, financial institutions, financial planners, bookmakers, or financial websites mentioned are for illustrative purposes only. The decision on which company to use if any is at the total discretion of each individual person. It is recommended that you seek a professional licensed broker prior to implementing any investment programme or financial plan. The world of Cryptocurrenceis is HIGHLY speculative and you can lose all your investments. Investment Mastery cannot guarantee any results or investment returns based on the information you receive. You must read and understand the above and be aware of the risks of all trading and investing and be willing to accept them before investing. 2 3 Table Of Contents – Chapters and Headings 1.
    [Show full text]
  • Blockchain for Dummies
    Blockchain For Dummies® Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com Copyright © 2017 by John Wiley & Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions . Trademarks: Wiley, For Dummies, the Dummies Man logo, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and may not be used without written permission. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc. is not associated with any product or vendor mentioned in this book. LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL SERVICES.
    [Show full text]
  • BCG-Google Digital Payments 2020
    Digital Payments 2020 THE MAKING OF A $500 BILLION ECOSYSTEM IN INDIA The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for- profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep in sight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable compet itive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 85 offices in 48 countries. For more information, please visit bcg.com. DIGITAL PAYMENTS 2020 THE MAKING OF A $500 BILLION ECOSYSTEM IN INDIA ALPESH SHAH VIBHA KAUSHIK PRATEEK ROONGTA ABHISHEK AWADHIYA CHILMAN JAIN July 2016 | The Boston Consulting Group CONTENTS 3 EXECUTIVE SUMMARY 6 GLOBAL PAYMENTS GOING DIGITAL Four Seismic Shifts in the Global Landscape Rapid Evolution of Digital Consumer Payments One Size Does Not Fit All A New Strategy for a New World 11 INDIA PAYMENTS ON A SIMILAR DISRUPTION TRAJECTORY Four Mega Trends Transforming India Rise in Adoption of Digital Payments 18 INDIAN CONSUMERS RARING TO RUN UP THE ADOPTION CURVE 30 INDIA DIGITAL PAYMENTS – A $500 BN POT OF GOLD The Future of Digital Payments in India Digitisation of Payments is a Large Opportunity 40 GRABBING THE OPPORTUNITY – THE WINNING AGENDA Ten Point Agenda for Payment Service Providers Call to Action for Banks Asks from Regulators and Industry Bodies 51 FOR FURTHER READING 52 NOTE TO THE READER 2 | Digital Payments 2020 EXECUTIVE SUMMARY he global payments landscape is evolving at a dizzying pace.
    [Show full text]
  • Factors Influencing Consumer Trust in Mobile Payments in the United Arab Emirates
    Factors Influencing Consumer Trust in Mobile Payments in the United Arab Emirates By Ahmed Shuhaiber A thesis submitted to Victoria University of Wellington in partial fulfilment of the requirements for the degree of Doctor of Philosophy in Information Systems Victoria University of Wellington 2016 I Abstract While mobile payments have been adopted by a huge number of businesses, the body of knowledge regarding user trust in mobile payments shows that trust is a major issue in its adoption and development. The purpose of this study was to better understand the factors that influence consumer trust in mobile payments in one significant country in this region; The United Arab Emirates (UAE) as the research region. The UAE is one of the leading economies in the Middle East Arab region, and mobile technology is well advanced and widely utilised. An analysis of relevant literature provided the basis for the development of a conceptual model. The model, classified into five logical groups (consumer characteristics, environmental influences, provider characteristics, perceived risks and mobile-device characteristics), was further explored, validated, extended and tested through a mixed- method methodology, combining both qualitative (phase one) and quantitative (phase two) approaches, with semi-structured interviewing in exploratory focus groups and an online survey being used respectively The findings of the qualitative phase were used to clarify the appropriateness of the preliminary Consumer Trust in Mobile Payments (CTMP) model, which was accordingly revised and extended. The second phase (the quantitative approach) was based on a survey of 340 respondents in the UAE. The collected data were analysed by using Structural Equation Modelling with the Partial Least Squares (PLS-SEM) approach.
    [Show full text]