#cashlessconsumer — Public Fediverse posts

#CashlessConsumer defining RBI #CBDC - e Rupee Retail / e₹-R

#cashlessconsumer - Planning to aggregate - How India pays - send us any interesting QR, PoS payment experience photos. Give @cashlessconsumr a follow

#Aadhaar enabled #UPI onboarding now live on #PhonePe

#CashlessConsumer cautions of heightened fraud particularly those with #PMJDY accounts

https://www.zeebiz.com/companies/news-phonepe-first-player-to-enable-upi-activation-with-aadhaar-what-it-means-207350

Beware of anyone who says Bharat. Good for your money!
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RT @logic
While the fintech has all been on #BharatPe, there was an equally interesting corporate turf war in #BharatFinancial that led to whistle blower report that got $INDUSINDBK tank 10%.
Join #CashlessConsumer #DigitalLendingWatchTower as we release full report https://hasgeek.com/cashlessconsumer/digital-lending-watchtower/
https://twitter.com/logic/status/1489550121939640321

While the fintech has all been on #BharatPe, there was an equally interesting corporate turf war in #BharatFinancial that led to whistle blower report that got $INDUSINDBK tank 10%.
Join #CashlessConsumer #DigitalLendingWatchTower as we release full report https://hasgeek.com/cashlessconsumer/digital-lending-watchtower/

#CashlessConsumer #Opendata #PMSVANidhi #UPI onboarding data in #Telangana

#CashlessConsumer #Opendata #PMSVANidhi #UPI onboarding data in #Telangana

#CashlessConsumer #Opendata #PMSVANidhi #UPI onboarding data in #Telangana

Digital lending, app-based lending, small ticket loans - all these get discussed in the press often along side the abuses involved in loan recovery processes. Join @NadjaNadika and others to get insights into rights and protection available to the consumer.
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RT @logic
#CashlessConsumer - #DigitalLendingWatchTower

Consumer Protection in Digital Lending - Hear @artijourno @benichugh @prasanto & Ravi Sethia discuss @RBI report on #DigitalLe…
https://twitter.com/logic/status/1480488619361984512

#CashlessConsumer #Opendata We updated the #NPCI Shareholding tracker with latest data and some graphs

https://docs.google.com/spreadsheets/d/1nDlQBPh2hM9US6QKjzcR1pIYiqLTnCmeZeY3A_layb8/edit?usp=sharing

Join us #CashlessConsumer #PaymentDeepdives Jan 8 4:30 PM to discuss the report, our feedback, #BFILConsentlessLoan episode and what to look forward with #DigitalLending in 2022 and how to make it safer for consumers.
https://hasgeek.com/cashlessconsumer/killerloanapps-detecting-fake-fintech-apps/schedule/killerloanapps-2022-update-XJynvpqYujsbVuBcW3qXi4

#CashlessConsumer #KillerLoanApps
https://medium.com/cashlessconsumer/digital-lending-observatory-feedback-on-report-of-working-group-on-digital-lending-70f4d26999a0

Feedback on Report of #RBI Working Group on #DigitalLending — need for observatory.

#CashlessConsumer #CoFT https://themorningcontext.com/internet/inside-the-chaotic-race-to-tokenize-cards

Biggest issue with the tokenization model is there are grey areas in terms of regulatory oversight.

#CashlessConsumer #CoFT https://themorningcontext.com/internet/inside-the-chaotic-race-to-tokenize-cards

Biggest issue with the tokenization model is there are grey areas in terms of regulatory oversight.

#CashlessConsumer #CoFT https://themorningcontext.com/internet/inside-the-chaotic-race-to-tokenize-cards

Biggest issue with the tokenization model is there are grey areas in terms of regulatory oversight.

Watch https://youtu.be/mI_RAbFT8kA?t=3997 #CashlessConsumer Comments on #CoFT regulation @CUTSCCIER panel discussion

Related - #CoFT implementation in India. Mandatory in 2022. 💳🗄️🇮🇳
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RT @logic
#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵
https://twitter.com/logic/status/1464822516459966474

#CashlessConsumer will be sharing thoughts on the upcoming #CoFT regulatory mandate and its impact to consumers @CUTSCCIER panel on implementing #DigitalPayments regulation in consumer interest.
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RT @CUTSCCIER
The experts are talking tomorrow at 3pm IST on "Implementing RBI's Tokenisation Circular In Consumer Interest".
Register here: https://bit.ly/3DQQshB
Watch live on Youtube: https://youtu.be/mI_RAbFT8kA

#tokenisation #rbi #regu…
https://twitter.com/CUTSCCIER/status/1471365638027288580

#CashlessConsumer #UPI NPCI wide circular has said that UPI-AutoPay transaction failures due to insufficient funds when they are set up for repayment of loan / debt, attracts Section 25 of Payments & Settlement Systems Act 2007 (upto 2 years imprisonment)

#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵

#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵

#CashlessConsumer #CoFT aka Card on File Tokenization - implementation by #JusPay for several merchants - where #Consent is taken without providing *any* details, except saying "RBI Guidelines" and using the word "Secure" in misleading way 🧵

So cards now got their collect request spam! But this also means card numbers have leaked, travelled far and wide. Please block your card if you get one of these SMS. #CashlessConsumer
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RT @yubi_bharath
For Microsoft Business worth Rs. 1000000 recurring mandate. What nuts is this? I haven't intiated this mandate. Is my data safe with you, Care to Explain @KotakBankLtd ? @internetfreedom @digitaldutta #sihub
https://twitter.com/yubi_bharath/status/1459378257527140353

#CashlessConsumer #RTI We asked RBI about Payment Aggregator licensing, Information security audits of regulated entites and implementation of Harmonization of TAT regulation.

RBI provided information about IS audit report compliance and does not have information about other 2.

#CashlessConsumer #Opendata #CyberSafe - run by FCORD, Ministry of Home Affairs - publishes metadata on frauds reported.

#UPI accounts for 99.83% frauds reported.

#CashlessConsumer -

Evaluating Consumer Welfare in #DigitalPayments - CUTS Webinar

Amol Kulkarni, CUTS International, setting the context for discussion -

https://economictimes.indiatimes.com/industry/banking/finance/banking/view-dear-rbi-dont-make-digital-payments-difficult-for-consumers/articleshow/86357889.cms

#CashlessConsumer NPCI proposes adding #Aadhaar OTP based #UPI PIN reset from 2022.

Towards #CardlessIndia - This feature needs bank linked to Aadhaar and Aadhaar linked to same mobile. Field year ahead for ghost operators

#CashlessConsumer #RTI We asked #GeM about GeM-Sahay app.

Looks like the app landed by itself to the app store without an RfP. #ActOfGod

#CashlessConsumer #RTI We asked #RBI about #eRUPI and #BBPS payment system authorisation.

#CashlessConsumer #Breaking - #NPCI is preparing for both NUE as well GST based lending.

#UPI Mapper is a beta API which will get integrated into #UPI exposing UPI No.- an incremental payment address via APIs. Its 15 digit because GSTIN is 15 digit.

#CashlessConsumer #RTI Full RTI query and response.

Annex I - https://pib.gov.in/PressReleasePage.aspx?PRID=1642422

Annex II - Letter from CCPA to RBI shared above.

#CashlessConsumer #RTI We asked the newly formed consumer regulator - Central Consumer Protection Authority about the letter they wrote to RBI on #DigitalPayments failures.

Looks like much like the failed transaction, CCPA too did not recieve any response.

#CashlessConsumer #Opendata #FASTag Chargeback data -

#CashlessConsumer will be talking about #AgriFintech and role of data in @internetfreedom - @[email protected] forum Tomorrow May 28th. https://twitter.com/internetfreedom/status/1397544786278633477

#CashlessConsumer wrote to RBI after card payment security guidelines deadline,expanding it to a payment system neutral security mandate to give choice & control to users. RBI announced DPSC in Dec MPC meeting & released in Feb 21

https://twitter.com/logic/status/1320995975335301125

#CashlessConsumer #Mobikwik data leak is *Real*. Check your data leak at http://mobikwikoonux37wauz6oqymshuvebj5u763rutlogc2fb2o3ugcazid.onion/ on Tor Browser / Brave's Tor Window. #DataProtection #SaveOurPrivacy

#CashlessConsumer will continue to cover #KillerLoanApps and seek structural solutions. There is a lot more work to do. Please stay tuned.

#CashlessConsumer research based story on The Ken on Fintech as a Service (#FaaS) players aiding #KillerLoanApps market making it child's play to launch a loan app.

(Paywall) - https://the-ken.com/story/the-unregulated-tech-supermarket-powering-loan-app/

Excerpts on the #Thread with our research artefacts

#CashlessConsumer #Privacy / #Security Alert - #Airtel, #ZoomCar leaking Credit Card Number during merchant refunds
https://medium.com/cashlessconsumer/airtel-zoomcar-leaking-credit-card-number-during-merchant-refunds-2a0d5a130ee8

#CashlessConsumer A compilation of all our work related to #KillerLoanApps -https://www.cashlessconsumer.in/post/killerloanapps/

We will also sending our comments to the consultation and you could join #PrivacyMode #NPDWeek to get broader understanding on the subject before sending in your comments. https://hasgeek.com/PrivacyMode/npd-week/

Stay tuned for more updates from #CashlessConsumer on #NPD

#CashlessConsumer is happy to join #HasGeek's #PrivacyMode #NPDWeek discussing revised draft of non-personal data committee report as well as will be publishing a note on #NPD and #Payments, its significance on consumers of paytech / fintech.

https://hasgeek.com/PrivacyMode/npd-week/ 4/

#CashlessConsumer in the past have expressed strongly on issues of data governance, especially with #BBPS (https://medium.com/cashlessconsumer/following-up-on-consent-less-auto-fetch-privacy-violations-in-bbps-500ecc27fa30) and #FASTag (https://docs.google.com/document/d/e/2PACX-1vSQPlduk5v809FNylFZmWiAtI5gowYi4qZZV_OEeHhHJTQFnlLwgn6SMS8CuefTg7YGHUi919z3L-6D/pub) 3/

#Cashlessconsumer In our letter, we also seek that #AePS and #UPI be included in the scope and similar 'default opt-out and choice based opt-in' introduced on these as well.

Draft - https://docs.google.com/document/d/1m1A5E_vQZzNwWrGQ4i7lLIoBlvg00D-Tcz6ttCVbj7c/edit?usp=sharing

Feedback welcome

In the coming #CashlessConsumer #PaymentDeepdives , a #StudyCircle on Account Aggregators and slightly detailed view on privacy and security of data sharing. This Saturday -

RSVP - https://hasgeek.com/cashlessconsumer/study-circle-on-account-aggregators/

In the coming #CashlessConsumer #PaymentDeepdives , a #StudyCircle on Account Aggregators and slightly detailed view on privacy and security of data sharing. This Saturday -

RSVP - https://hasgeek.com/cashlessconsumer/study-circle-on-account-aggregators/

Do you use / have you used any of these #UPI apps ? Want to know what you are risking in the process of doing so for you to make a trade off / minimise risk. Join us on #CashlessConsumer #PaymentDeepdives where we discuss security architecture of #UPI https://hasgeek.com/cashlessconsumer/security-analysis-of-unified-payments-interface-and-payment-apps-in-india-paper-presentation/

On #CashlessConsumer #PaymentDeepdives hear more about CVEs reported on #UPI and other security weakness in device binding approach used in #UPI from Renuka Kumar, University of Michigan discussed in her paper. RSVP https://hasgeek.com/cashlessconsumer/security-analysis-of-unified-payments-interface-and-payment-apps-in-india-paper-presentation/

Want to know more about the Common Weakness Enumeration reported against #BHIM that Renuka, UMich and her team as part of security analysis on #UPI 1.0 ?

Join her present the paper on #CashlessConsumer #PaymentDeepdives https://hasgeek.com/cashlessconsumer/security-analysis-of-unified-payments-interface-and-payment-apps-in-india-paper-presentation/

On #CashlessConsumer #PaymentDeepdives next week - Its not just #UPI , all mobile payment apps have exploits - Read more on the disclosures made by Renuka & team https://github.com/magicj3lly/appexploits -

RSVP & Ask your questions to authors at https://hasgeek.com/cashlessconsumer/security-analysis-of-unified-payments-interface-and-payment-apps-in-india-paper-presentation/