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Mumbai
Building a payments ecosystem in
India
April 21, 2016
A collaborative approach
Indian landscape
Total Population
1.25 bn
No. of Bank Accounts: 702 mn
No. of
Debit Cards:
394 mn
No. of
Credit Cards
22 m...
Indian Landscape
All nos. in Mn
Source: TRAI PR January 2016
Mobile telecom penetration is deeper then
banking
Typical payment requirements
Domestic remittanceDomestic remittance
Salaries
Interest/Dividends
Loans
Refunds etc.
Salarie...
Three dimensions of Financial inclusion
Source: G2o Global Partnership for Financial Inclusion
A Collaborative Digital Finance Framework
6
Source: ASSOCHAM PWC India: Logging into digital banking
A Collaborative Digit...
Collaborative Models
Banks and Telecom collaboration
Government led Model - JAM
Unified Payment Interface (UPI)
Bharat Bil...
Bank and Telco Collaboration
Amoun
t
Service enables opening of no frills bank
accounts over mobile phone and offer basic
...
Government led Model- JAM
Unified Payment Interface
Unified Payment Interface- UPI
Bharat Bill Payment System
11
 BBPS is proposed to be a pan India system for running the bill payment system in the count...
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Building a Payment system in India

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How a collaborative approach towards Financial inclusion and Payment system can drive the less cash agenda for India

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Building a Payment system in India

  1. 1. Mumbai Building a payments ecosystem in India April 21, 2016 A collaborative approach
  2. 2. Indian landscape Total Population 1.25 bn No. of Bank Accounts: 702 mn No. of Debit Cards: 394 mn No. of Credit Cards 22 mn Source: RBI Payment system indicator Low Penetration of banking and traditional electronic transaction services
  3. 3. Indian Landscape All nos. in Mn Source: TRAI PR January 2016 Mobile telecom penetration is deeper then banking
  4. 4. Typical payment requirements Domestic remittanceDomestic remittance Salaries Interest/Dividends Loans Refunds etc. Salaries Interest/Dividends Loans Refunds etc. Tax refunds Social benefits Salaries Tax refunds Social benefits Salaries Investments Bill payments Fees Over the counter Pymt Investments Bill payments Fees Over the counter Pymt Commercial payments Invoicing Supply chain payments Commercial payments Invoicing Supply chain payments Tax refunds Project and service payments Tax refunds Project and service payments Taxes Fines Taxes Fines Taxes Statutory fees Earnest money etc. Taxes Statutory fees Earnest money etc. Inter govt. flows Inter govt. flows FRO M TO Consumers Business Govt. Consumers Business Govt.
  5. 5. Three dimensions of Financial inclusion Source: G2o Global Partnership for Financial Inclusion
  6. 6. A Collaborative Digital Finance Framework 6 Source: ASSOCHAM PWC India: Logging into digital banking A Collaborative Digital Framework
  7. 7. Collaborative Models Banks and Telecom collaboration Government led Model - JAM Unified Payment Interface (UPI) Bharat Bill Payment System (BBPS)
  8. 8. Bank and Telco Collaboration Amoun t Service enables opening of no frills bank accounts over mobile phone and offer basic transaction services like • Cash in/ Cash out • Remittance • Recharges • Payments • Direct Benefit transfers • Access Channels: Distribution network of telecom operators • Migrated workers [ Working in industry such as construction, textile ,diamond etc.] Payment System/s Target Customer Segment Key Players • IMPS • NEFT • AEPS [Pilot] Brief Description
  9. 9. Government led Model- JAM
  10. 10. Unified Payment Interface Unified Payment Interface- UPI
  11. 11. Bharat Bill Payment System 11  BBPS is proposed to be a pan India system for running the bill payment system in the country  Entire system running under one brand name to ensure customer confidence  BBPS aims to provide  Convenience of anywhere anytime bill payments  An interoperable bill payment engine for millions of customers in the country  Replace the segmented bill payment taking place in Silos at present  The operating units will link up billers and collection agents and provide interoperability that is lacking today
  12. 12. Thank You

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