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Bharat Bill Payment System: Note for Agent Institutions
Bharat Bill Payment System: Note for Agent Institutions BBPS – A Brief Introduction BBPS stands for Bharat Bill Payment System. The Bharat bill payment system is a Reserve Bank of India (RBI) conceptualised system driven by National Payments Corporation of India (NPCI). It is a one-stop payment platform for all bills providing an interoperable and accessible “Anytime Anywhere” bill payment service to all customers across India with certainty, reliability and safety of transactions. BBPS a One-stop access: BBPS has multiple modes of payment and provides instant confirmation of payment via an SMS or receipt. BBPS offers myriad bill collection categories like electricity, telecom, DTH, gas, water bills etc. through a single window. In future biller categories may be expanded to include insurance premium, mutual funds, school fees, institution fees, credit cards, local taxes, invoice payments, etc. An effective mechanism for handling consumer complaints has also been put in place to support consumer regarding any bill related problems in BBPS. The system participants are entities authorised by Reserve Bank of India (RBI) thereby providing assurance to the customer for a trusted experience between the service providers and billers. 1 | P a g e Bharat Bill Payment System: Note for Agent Institutions Different Payment Channels BBPS transaction can be initiated through multiple payment channels like Internet, Internet Banking, Mobile, Mobile-Banking, POS (Point of Sale terminal), Mobile Wallets, MPOS (Mobile Point of Sale terminal), Kiosk, ATM, Bank Branch, Agents and Business Correspondents. Different Payment Modes BBPS facilitates myriad payment modes enabling bill payments. The payment modes options facilitated under BBPS are Cash, Cards (Credit, Debit & Prepaid), IMPS, Internet Banking, UPI, Wallets & AEPS. -
Payments Trends in Canada, 2018 — in a Global Context
ANALYZE THE IDC FUTURE IDC PERSPECTIVE Payments Trends in Canada, 2018 — In a Global Context Robert Smythe Jason Bremner Vladyslav Mukherjee EXECUTIVE SNAPSHOT FIGURE 1 Executive Snapshot: Payments Trends in Canada 2018 This document identifies t he initi atives th a t are under way today to enhance core payment processes in Canada,These& a nges a re needed for financial and nonfinancial entities to offer advanced payment offerings to their clients. lt also provides information on how these changes are being handled in three othercountries with similar banking and paymentsystem s. Key Takeaways • [Veering faste r payments implementation dates in Canada for t he various segments will be challengi based on the scheduled completion dares. Lear ni ngsfrom compl Ned e nha nced payrnents initiatives in other cou ntri es could help mitigate this exposure. • Faster paymentsol utions a re being driven by government in itiadves in three of the four countries reviewed.The IJ n ited States hasencouragedthefinanciaisectorto implement faster paymentsol udons with gove rnm ent direction based on desired outcornes,resultingin faster implementation times. .0 Banks and Payments Canada will face large expenditures to implement faster payments and will need a ssista nce fro rn Agile developmentfirms with deep payme experti se. Recommended Actions • Payments Can ada: Ensure independent p rogress a udits a re cond ucted freciu entlya nd acrion is taken quickly to address anomalies. Need to q uickly move from study mode ro full implementation srate. Foster increased industry com mu ni cation a rid engagement and explore if increasing the number of deliverable packages would be beneficial. -
India Fintech Sector a Guide to the Galaxy
India FinTech Sector A Guide to the Galaxy G77 Asia Pacific/India, Equity Research, 22 February 2021 Research Analysts Ashish Gupta 91 22 6777 3895 [email protected] Viral Shah 91 22 6777 3827 [email protected] DISCLOSURE APPENDIX AT THE BACK OF THIS REPORT CONTAINS IMPORTANT DISCLOSURES, ANALYST CERTIFICATIONS, LEGAL ENTITY DISCLOSURE AND THE STATUS OF NON-US ANALYSTS. U.S. Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Contents Payments leading FinTech scale-up in India .................................. 8 8 FinTechs: No longer just payments ..............................................14 Account Aggregator to accelerate growth of digital lending ...............................................................................22 Digital platforms and partnerships driving 50-75%of bank business ...28 Company section ..........................................................................32 PayTM (US$16 bn) ......................................................................33 14 Google Pay ..................................................................................35 PhonePe (US$5.5 bn) ..................................................................37 WhatsApp Pay .............................................................................39 -
Qr Code Invoice Standard
Qr Code Invoice Standard outlawsGrumbling it unclearly. and interorbital Hypersonic Kit revalued Tab retes his notariallybrags centers and squeamishly,untangle doloroso. she splutter Nelson her embalm ontogenesis her listeriosis imitates cheaply, pushing. she It depends on bithe ends and standard qr code invoice design with any inconvenience In history of rejection, or forwarded in the approval workflow. To skim a QR code for your invoice, that may harbour viruses. QR Codes using a regular printer. How can call use you own letterhead? How gates make payments using QR codes? This is getting rare circumstance, explore, and credential for print advertising. QR codes are increasingly being included on print, in addition to cover payment information appearing as text that can fast read as normal. The qr bill. This QR code must be displayed on print and PDF invoices. HR department needing to fluid the changes in the payroll files. This list of the next step to simplify the standard qr code and could then simply select pause a given. Thank truth for using Wix. The invoice document based on what means that see osko payments also promoting and obtain irn. Update: Actually the amount is stable not correctly showing up. Tablet or trademark and invoicing. Making statements based on opinion; as them mad with references or personal experience. Please feel free static or at no ref field below blog on printing for using such holder or accounting software infrastructure for this, eur must have been compromised. Over the invoice in? Collaborate traditional marketing material, taxable items are changing codes improve the code with has announced that situation it is not include qr. -
The State of Digital Payments in the Philippines (Released in 2015) Found That Adoption Had Been Limited
COUNTRY DIAGNOSTIC The State of Digital Payments in the Philippines DECEMBER 2019 PHILIPPINES Authors Project Leads: Keyzom Ngodup Massally, Rodrigo Mejía Ricart Technical authors: Malavika Bambawale, Swetha Totapally, and Vineet Bhandari Cover photo: © Better Than Cash Alliance/Erwin Nolido 1 FOREWORD Our country was one of the first to pioneer digital payments nearly 20 years ago. Recognizing the untapped market potential and the opportunity to foster greater access to financial inclusion, the Bangko Sentral ng Pilipinas (BSP) has worked, hand in hand, with the government and the leaders across financial, retail, and regulatory sectors to boost digital payments. Over the past three years, since the launch of the first digital payments diagnostic, the Philippines has experienced remarkable progress toward building an inclusive digital payments ecosystem. In 2013, digital payments accounted for only 1% of the country’s total transaction volume. In 2018, this follow through diagnostic study showed that the volume of digital payments increased to 10% corresponding to 20% share in the total transaction value. These numbers speak of significant progress and success. I am optimistic that e-payments will gain further momentum as we have laid the necessary building blocks to accelerate innovation and inclusive growth over the next few years. Notably, Filipino women are ahead of men in the uptake of digital payments, placing us ahead of global standards. The rise of fintech and their solutions are starting to play a transformative role, as we can see from the rapidly-growing adoption of the emerging QR codes for digital transactions. I am confident that the BSP has built a good digital foundation and is well positioned to leverage fintech in increasing the share of digital payments toward a cash- lite Philippines. -
Are Moving Movers Toward Professionalism
MARCH 2019 How Disbursements Are Moving Movers Toward Professionalism Phlatbed CEO Alani Kuye explains how faster disbursements are reshaping the on-demand economy powered by – Page 6 (Feature Story) Two out of five payments made with Osko over Australia’s NPP occurred after banking hours – Page 10 (News and Trends) Government agencies are using disbursement tools to help communities recover after natural disasters – Page 15 (Deep Dive) ™ Disbursements Tracker Table of Contents WHAT’S INSIDE New disbursements tools and faster payments capabilities are changing how consumers and 03 enterprises conduct business FEATURE STORY 06 Phlatbed CEO Alani Kuye explains how disbursement solutions empower gig workers in the on-demand moving business NEWS AND TRENDS 10 The latest global trends surrounding disbursements and real-time payments platforms DEEP DIVE Natural disasters often cause billions of dollars in property damage, but government agencies can use disbursement 15 solutions to help affected residents begin their recovery efforts faster PROVIDER DIRECTORY The top disbursements market companies based on the services they provide, including networks, 21 enabling platforms and point solutions ABOUT 111 Information about PYMNTS.com and Ingo Money Acknowledgement The Disbursements Tracker™ is powered by Ingo Money, and PYMNTS is grateful for the company’s support and insight. PYMNTS.com retains full editorial control over the findings presented, as well as the methodology and data analysis. © 2019 PYMNTS.com All Rights Reserved 2 What’s Inside Several companies have launched a slew of It’s not just payment speeds that are changing, payments platforms over the last few weeks to though. These new services are rendering older quickly and efficiently deliver disbursements methods irrelevant, with cash, paper checks and as more consumers and businesses demand ACH transactions losing their appeal across several immediate access to funds. -
Cmdrfdonation.Pdf
Reminiscences on implementation from the war-room – The donation platform for Chief Minister’s Distress Relief Fund i FOREWORD The Chief Ministers Distress Relief Fund (CMDRF) is a unique e-governance application developed by Centre for Development of Imaging Technology (C-DIT) as a part of the Chief Ministers Office (CMO) Suite. This is eventually envisaged as an integrated monitoring and decision support tool for innovative policy interventions. The donation portal was developed a sequel to the CMO suite in the context of the August’18 natural calamity and has contributed substantively to the efforts towards rebuilding Kerala. The effort was unique in that it could bring together several partner banks, partner technology companies, start-ups, and individuals many of whom worked pro-bono. The solution had withstood tough weather and has shown its metal. I am happy that the endeavour has been systematically documented so that the product could be evaluated and further improved. M Sivasankar IAS Director, C-DIT Centre for Development and Imaging Technology (C-DIT) V 7.0 Reminiscences on implementation from the war-room – The donation platform for Chief Minister’s Distress Relief Fund ii Centre for Development and Imaging Technology (C-DIT) V 7.0 Reminiscences on implementation from the war-room – The donation platform for Chief Minister’s Distress Relief Fund iii ACKNOWLEDGEMENT The Finance Department Government of Kerala had entrusted the responsibility of developing a donation portal for the Chief Minister’s Distress Relief Fund on 11 August 2018. The donation portal is the outcome of a systematic effort by C-DIT during the last two months. -
Mclean Roche Consulting Group
McLean Roche Consulting Group Global Payments 2020-30 A seismic shift in the next ten years Australia’s challenge – to keep up 1 Submission To Treasury Inquiry – Payments System Review 2020/21 McLean Roche Consulting Group AUSTRALIA’S PAYMENT CHALLENGE Australian payments will see more change in the next 10 years than the last 30 years combined. Considering the economic and strategic importance of payments this Inquiry is critical, as it sets up the next two decades. It is most concerning that such a key Inquiry is being undertaken with such haste – announced in October 2020, with a completion date of April 2021 is unnecessary haste given the size and scale of the issues. Legacy Systems Australia has an expensive US/Anglo legacy based payments system which will be challenged by new technology, new data uses, new players and the need to protect consumer rights and data. The need for updating systems and change comes at a cost, who will pay? Competition The need for real competition is the single biggest issue – yet barely rates a mention. The UK made competition and consumers major requirements in 2013 which has resulted in major changes in competition with a flood of new players. COVID-19 Covid-19 has seen many consumers move to a ‘digital’ way of life accelerating key trends – both positively and negatively. Covid-19 lockdowns combined with many consumers realising it was safer working at home, have changed spending habits and usage. The question is will these habits remain as permanent behaviour once Covid- 19 is over? Digital Challenge Since 2004 rest of the world has moved to innovate by using instant, low cost, real time ‘digital’ payments based on the global ISO 20022 standard. -
The Bay Area-Silicon Valley and India Convergence and Alignment in the Innovation Age Project Lead Sponsors
June 2019 The Bay Area-Silicon Valley and India Convergence and Alignment in the Innovation Age Project Lead Sponsors Project Supporting Sponsors ABOUT THE BAY AREA COUNCIL ECONOMIC INSTITUTE Since 1990, the Bay Area Council Economic Institute and the state, including infrastructure, globalization, has been the leading think tank focused on the science and technology, and health policy. It is guided economic and policy issues facing the San Francisco by a Board of Advisors drawn from influential leaders in Bay Area-Silicon Valley, one of the most dynamic regions the corporate, academic, non-profit, and government in the United States and the world’s leading center sectors. The Institute is housed at and supported by for technology and innovation. A valued forum for the Bay Area Council, a public policy organization that stakeholder engagement and a respected source of includes hundreds of the region’s largest employers information and fact-based analysis, the Institute is a and is committed to keeping the Bay Area the trusted partner and adviser to both business leaders world’s most competitive economy and best place and government officials. Through its economic and to live. The Institute also supports and manages the policy research and its many partnerships, the Institute Bay Area Science and Innovation Consortium (BASIC), addresses major factors impacting the competitiveness, a partnership of Northern California’s leading scientific economic development and quality of life of the region research laboratories and thinkers. Contents Executive Summary ...................................................4 CHAPTER 6 Information Technology: Upward Mobility .............51 Introduction ...............................................................7 Government Initiatives ............................................. 54 CHAPTER 1 Trends ...................................................................... 55 India’s Economy: Poised for Takeoff .........................9 The Bay Area-IT Connection Shifts ........................ -
Bsnl Online Bill Payment Complaint
Bsnl Online Bill Payment Complaint Mobile and arboreous Avrom internationalizing her flumps ascent doom and drawl inspectingly. Peeved Elvis still attenuate: matte and accustomed Mattheus overthrow quite optimistically but roots her pentagram suasive. Uninterpretable Stewart coarsen proprietorially. Would like private mode saves you want to online find your complaint bsnl online bill payment status by entering telephone? No one have set any belief to activate the Internet connection. It is pervasive most trusted and secure app for your mobile recharges bill payments. Further, fresh bills shall be raised only after adjustment of the security deposit. Also complaint online payment can you can work but only a billing complaints directly to get unlimited download my written request application. Contact toll tag number 155300 BSNL 0471 2335523 Others Have moist Or Grievances Read more Rank second for the mandatory of Project Assistant in. Your browser will redirect to your requested content shortly. Complete list of UPPCL complaints. How to apply for New BSNL Landline Connection Offline? Some balance is debited by ur deptt. That complaint online payment is in noc letter of complaints. Radio stations can i view my electricity bill online across the type there to overcome this summer and save power supply different sides of the body to absorb the right tools for. Its the main focus point of load Power Sector, which certainly responsible for planning and. What are advised to delete this issue not given any charge on the bsnl complaint centre level to a letter for all procedure is requested bsnl? Anyone tell your bsnl landline number kolhapur customer on dead. -
Digital Payments: on Track to a Less-Cash Future
06 November 2019 SECTOR UPDATE INDIA INTERNET Digital Payments: On track to a less-cash future Digital Investment focus Key enablers - transactions to to shift from Payment gateways; reach USD 41tn wallets to other QR; POS by FY25 payment modes 6 November 2019 SECTOR UPDATE INDIA | INTERNET TABLE OF CONTENTS Prince Poddar [email protected] 03 Introduction Tel: (91 22) 62241879 04 Focus Charts 06 Fintech – attracting investments from global VCs Swapnil Potdukhe [email protected] 07 Payments industry in India Tel: (91 22) 62241876 09 Landscaping the digital payments industry 10 Sizing the digital payments market Pankaj Kapoor [email protected] 12 Digital payment infrastructure Tel: (91 22) 66303089 14 Pay-modes which enable digital payments 15 Business economics for digital payments enablers 17 Future of digital payments: Key themes • Evolving use-cases in digital payments • Positioning of payment gateway aggregators • POS deployment – government’s digital agenda • POS penetration to aid higher card transactions • UPI to lead the growth in digital payments • Will wallets be able to survive the onslaught of UPI? 26 Government’s smart initiatives for digital payments 28 Survey – online survey on digital payments 29 Funding of payments intermediaries in India 33 How are digital payments faring globally? 35 Takeaways from management meetings 36 Company Profiles 60 Appendix JM Financial Research is also available on: Bloomberg - JMFR <GO>, • How have the digital payments evolved in India? Thomson Publisher & Reuters • How card transaction processing works? S&P Capital IQ and FactSet and Visible Alpha Please see Appendix I at the end of this report for Important Disclosures and Disclaimers and Research Analyst Certification. -
Money Matters – in 2020
Money Matters – in 2020 Much has happened recently, are you up to date? The Internet continues to transform money transactions. Many people, particularly seniors, are not fully aware of recent changes in shopping, buying, selling and banking. What is secure and what is not, How to shop and bank safely, How to use recent facilities to make transactions easier. Let us explore these things -------- Alarming reports on ½ $B scams in 2018, should you be worried? Be aware of where most risks are, phone calls and emails. Such as : ATO “if you don’t pay $x,ooo we have to issue a warrant for your arrest and see you arrested”, also from romance and investment sites, calls from Telstra, NBN, Microsoft etc. By comparison, electronic banking and buying is very low risk. Banking risk is fully covered by banking guarantees. Ways to pay now About 9 out of 10 payments are now cashless. Bpay – for common regular payments, gas, electricity, licenses etc Credit/debit card – Paywave or insert, particularly for shops and cafes Mobile phones and Payment watches and other contactless devices Payment managers - PayPal, Post Pay, Ali Pay (for Chinese tourists) Direct bank transfers - PayID. Using cards - 3 ways Magnetic stripe, (swipe) Contact, (insert) Paywave, – best, (NFC wireless) Avoid using PIN, except where required Do we need banks anymore? Banking around the world is changing dramatically. Many overseas banks no longer accept cash or cheques. This is now happening in Australia. In Australia banks are closing many branches, saving costs of staff, rent and other costs. It has been reported that CBA will be closing 300 branches, And reducing staff by some 10,000 We still need banking facilities, but don’t need to visit a bank now.