yes, also better reward points

Arundhati Ramanathan

Hi Aryaman, it would help them offer better top up loans and cross-sell other products. Ideally yes, it should end with loan tenure.That's what is recommended too.

Arundhati Ramanathan

Sorry, what do you mean this is debunked? This is from retailers and also banks.

Arundhati Ramanathan

Fair point, Srikanth. So far even the monetise elsewhere and specifically via ads hypothesis has not played out that great. With 500 mln users they should ideally already be able to monetise it, but the revenues show that hasn’t been the case. Given how Instagram and others are able to monetise with similar number of users, the ad business should already be humming, isn't it? Case in point Google Pay. Even the mammoth google ad machine has not been able to make much of its UPI app, which is reflected in the (non) investment in the app.

Arundhati Ramanathan

You seem to have missed a few paras at the top Vansh, where it says: Initially, a large part of POS volumes came through its whitelabel POS machines, given that Razorpay only launched its branded POS devices in September 2023. “About 10-15% of the total 500,000 POS machines would be Razorpay-branded devices,” the former employee said.

Arundhati Ramanathan

We have linked a story we did on postpaid frauds, Krishna. Hope that helps you.

Arundhati Ramanathan

Aishwarya, our sources say its because of a lack of arm's length between the bank and Paytm, some of the other media have reported it's due to KYC issues. Because RBI does not make its reason transparent, it's hard to put a finger on it exactly.

Arundhati Ramanathan

Run out your balance on your Fastag, then get a fresh one linked to another bank account. If you are a Paytm loyalist, you can still buy it from Paytm, but the tag will be issued by another bank.

Arundhati Ramanathan

The fraud

Arundhati Ramanathan

It's in the story Vansh. All products-- Savings accounts, deposits, wallets, UPI, IMPS, AepS, fastag are all unsuable. If Paytm ties up with another bank for nodal account, merchants' bank accounts and gets a TPAP license in the next 29 days, it can process UPI.

Arundhati Ramanathan

Hi Ramprasad, we don't spell companies the way companies do as part of their logo, it is jarring to read. This is a story that's unfolding and we are chronicling it as it unfolds.The takeaway I tried to convey through the story was how NBH tried to push Mygate out of the market. In the process, RWA's expectations of these apps have changed. Now, as the companies now want to nudge societies into paid plans, its gonna be incredibly hard to do, because now RWAs hold the power on dictating ad rates, as they also want to make money out of these apps.

Arundhati Ramanathan

Hey Anurag, it's not so easy to break through into that 20,000. Many of the high ends ones, sources tell me are with Mygate. Those kind of societies don't mind paying for it. They cant be so easy lured with freebies, which I is what I mentioned in the article as well.

Arundhati Ramanathan

Solution to the problem of education loans not truly being an ed loan, which is Peri's argument. That's where the Australia example fits, on how other countries have looked at structuring education loans.

Arundhati Ramanathan

It still is. But other factors make up for it. Earlier, it was not worth the effort for most banks to double down on ed loans.

Arundhati Ramanathan

Thank you Akshay. I have to say you are an astute reader for catching it, yes it's a sales manager. Have fixed it :) On your second point, a lot has been happening with respect to Byju's so did not cram all the details into it.

Arundhati Ramanathan

For about a year now, users have been paying for certain UPI transactions in the name of ‘platform fees’. The likes of Paytm and PhonePe levy this fee on select use cases like prepaid phone and DTH recharges, education fees and utility bill payments. These charges are levied irrespective of the payment method (card, digital wallet, or UPI). So users pays for things like phone recharge, for a DTH subscription, for utility payments etc. We wrote about this earlier here https://the-ken.com/story/indias-free-payments-system-isnt-really-free-but-whos-paying/

Arundhati Ramanathan

hmm, I'm sure it plays a role. For example: Google Pay back when it was Tez tried a sound-based payment, which used to occupy significant real estate space. I cant find that anymore on the app. Don't have any data to back it, but anecdotally, don't think it had much offtake.

Arundhati Ramanathan

The market share cap of 30% has not been instituted yet and the deadline for it has bene pushed to Dec 2024. But sources tell me it may never even be enforced. The main reason to bring it was the fear that Whatsapp will runaway with the market when it launched UPI. But since that never took off, the market share cap may never really be set.

Arundhati Ramanathan

Hello Mushtaq, most of the figures in our stories are in Rs and then followed by dollars in brackets, like you pointed out. In a headline it's hard to give both. Also our stories are read by those in SouthEastAsia too, so we need to keep it accessible, universally.

Arundhati Ramanathan

Hello Sashi, we mentioned it is an offer for sale.

Arundhati Ramanathan

That was a mistake, Srikanth. Apologies. Only payment aggregator license, so far :)

Arundhati Ramanathan

We fixed the typo, thanks for pointing it out. Yes, I agree, the infographic is a bit complex but it helps give the idea that salary ranges have expanded far above the median. That is the simple takeaway for those who don't want to go one level deeper. If there are any other aspects besides the typos and grammar ( And I apologise for that) that makes it among the worst articles, pls let me know. Happy to fix/clarify.

Arundhati Ramanathan

I looked at companies that did their buybacks this year, Chandresh. Pharmeasy had one in 2021.

Arundhati Ramanathan

Harshil if there is something meaningful to capture there, we will. If you have something in mind specifically, pls let us know.

Arundhati Ramanathan