50p weekly reading list #15 — 17 Jan 2018

Here’s what’s new this week.

Visa starts testing biometric payment cards

Visa has started working with Mountain America Credit Union and the Bank of Cyprus to test a new EMV dual-interface card which would work with chip based and contactless readers. The new technology is also said to incorporate on-card biometrics for authentication.

Google consolidates its payments offerings under ‘Google Pay’

Google has announced that it would be integrating its wallet, Android Pay and Tez under single brand — Google Pay. Google has said that with Google Pay, payments will be made available online, in-store and across Google products.

What the new MDR structure means for stakeholders

The RBI announced revised rates for the Merchant Discount Rate (MDR) recently to push digital payments. If you’re a stakeholder how’s confused about how this affects you, check out this handy guide which summarises the rates for different stakeholders involved.

A year after demonetisation, debit and credit card usage plateaued

As per data from the RBI, the number of debit cards added in November 2018 was about 6.59 million and about 0.9 million for credit cards. This interesting analysis by Medianama looks at the usage rates and transaction volumes since last year.

Paytm launches Paytm Money

Paytm has launched Paytm Money which will offer investment and wealth management products. To begin with, the product will offer mutual fund products and work with asset management companies on these offerings.

50p by HasGeek focuses on conversations surrounding technology, policy and regulations in the Indian digital payments ecosystem. The third edition of conference is scheduled on Feb 8,9 in Bangalore. Head over to https://50p.in/2018/ to get your tickets now!