50p weekly reading list #17–31 Jan 2018

Here’s what’s new this week.

DoT conducts workshop for telecom companies on digital payments.

The telecom companies were briefed on increasing the adoption and acceptance of digital payments by the consumers. It was attended by circle CEOs of major telecom companies like Airtel, Vodafone, Reliance and Idea.

tmw acquires Trupay to integrate payments stack

The Mobile Wallet, branded tmw acquired payments company Trupay to integrate its UPI and BharatQR stack. This will allow tmw merchants and customers to use UPI and BharatQR for payments.

PoS terminals double in numbers post demonetisation

According to RBI data, the number of PoS terminals deployed doubled since November 2016. By the end of November 2017, there were about 3 million devices installed in retail locations.

PhonePe launches credit card bill payment app

PhonePe has partnered with Visa to enable seamless payment of credit card bills. The app will not support instant payment of bills from multiple bank accounts.

Paytm Payments bank offering digital incentives to corporate customers

Paytm Payment bank customers can now use their account to redeem food gift cards and wallets issued by corporates at any Paytm merchant.

How banks and regulations are applying machine learning

This interesting article takes a look at the applications of machine learning by banks and regulators. A few key applications include credit applications, underwriting and fraud detection.

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!

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