Merchant Payments Alliance of India (MPAI)

📢 Reflecting on our workshop on Digital Financial Inclusion for the Next 100 Million. Mpai conducted a workshop exploring the future of digital finance in India in November, 2024. Harsh vardhan Masta, Mpai Chair and Head of Digital Payments at PolicyBazaar.com, kicked off the discussions with a powerful message about the role of technology in driving financial inclusion. He said, "As we include the next 100 million citizens, addressing geographical barriers, digital literacy, gender parity and regulatory frameworks will be critical for success." This was just the beginning of an engaging series of conversations on how to build a more inclusive digital finance ecosystem. Stay tuned as we bring you more insights. #DigitalInclusion #FinancialInclusion #FintechForAll #InclusiveFinance #DigitalEconomy #FutureOfFinance #FintechInnovation #FinancialAccess #SustainableFinance #DigitalEmpowerment #DigitalLiteracy #Fintech #DigitalPayments #TechPolicy #PublicPolicy #RBI

📢 NPCI Extends Deadline for UPI Market Share Cap Compliance NPCI has postponed the deadline for UPI providers to comply with the 30 percent market share cap to December 31, 2026. The extension provides additional time for providers to adapt to the rule. Currently, two major players—PhonePe and Google Pay—handle over 85 percent of UPI transactions. This rule is meant to level the playing field, encouraging healthy competition and reducing the risk of any single company dominating the market. Although the rule was first planned for 2021, the delays show how tricky it can be to balance growth and fairness in a system growing as quickly as India’s digital payments. #UPI #DigitalPayments #NPCI #Fintech #DigitalIndia #PaymentsInnovation

📢 RBI Enables PPI Interoperability via UPI RBI has enabled prepaid payment instruments (PPIs) to be used for UPI transactions across third-party apps like Google Pay and Paytm. This update shifts PPIs from being confined to issuer-specific apps to an interoperable and more flexible system, authenticated through UPI credentials. Link to notification: https://lnkd.in/gk-cw8D9 #DigitalPayments #FinTech #RBI #UPI #FinancialInclusion #NPCI

We're excited to welcome Mitt Arv to our vibrant community of digital merchants! As a bronze member, Mitt Arv will be part of a dynamic network of innovators, entrepreneurs and thought leaders shaping the future of digital commerce. Together, let's share knowledge and push boundaries in the world of digital payments! We're thrilled to have you on board! Vishal Mehta Ashwin V Jain Siddharth Addy #DigitalMerchants #CommunityFirst #Welcome #Ecommerce #DigitalPayments

*Empowering Digital Financial Inclusion* And it’s a wrap on our workshop on Digital Financial Inclusion! The event was a resounding success, filled with engaging discussions, thought-provoking insights, and an incredible energy throughout. A huge thank you to our amazing attendees, both in-person and online, for making this event truly impactful! Vijayakumar Kandiyil | Partha Ray | Pramod Bansal | Debdoot Banerjee | Abhishek Shah | Harsh vardhan Masta | Vivan Sharan | Aniruddha Shanbhag | Naveen Bali | Kunal Tyagi| Anand Panda | Lara Mehra | Vikram Mehta | Alka Vaidya | Harbinder Singh #DigitalFinancialInclusion #FinancialInclusion #Workshop #Empowerment #FinancialLiteracy #DigitalTransformation #Mpai #Fintech #DigitalFinance #BankingInnovation #FintechIndia #FutureOfFinance #FinancialEmpowerment #DigitalInclusion #DigitalEconomy

📢 Workshop Update Due to popular demand and requests from those unable to join us in person, we’re excited to share the link to join virtually for the Digital Financial Inclusion workshop! 📅 Date: November 27, 2024 ⏰ Time: 10:00 AM to 1:30 PM IST 🔗 Link: https://lnkd.in/gkCBHFp6 #FinancialInclusion #DigitalTransformation #Mpai #Fintech #DigitalFinance #BankingInnovation #FintechIndia #FutureOfFinance #FinancialEmpowerment #DigitalInclusion #DigitalEconomy

We are excited for tomorrows workshop❕ Can't wait to dive into crucial conversations about financial inclusion. See you all there❕ #FinancialInclusion #DigitalTransformation #Mpai #Fintech #DigitalFinance  #BankingInnovation #FintechIndia #FutureOfFinance #FinancialEmpowerment #DigitalInclusion #DigitalEconomy

Mpai is hosting a Digital Financial Inclusion workshop in collaboration with the National Institute of Bank Management (NIBM)! 📅 Date: November 27, 2024 📍 Location: Hilton Mumbai International Airport, Mumbai The event will bring together experts, policymakers and industry leaders to discuss and explore innovative approaches to driving financial inclusion in the digital age. Tune in for updates from the event! #FinancialInclusion #DigitalTransformation #Mpai #Fintech #DigitalFinance #BankingInnovation #FintechIndia #FutureOfFinance #FinancialEmpowerment #DigitalInclusion #DigitalEconomy

Last week, an expert delegation from Mpai had the privilege of engaging with senior officials from Reserve Bank of India's Department of Payment and Settlement Systems as part of our annual outreach exercise. This meeting presented an opportunity to assess recent developments and exchange valuable insights on the payments ecosystem. Excited about future collaborations! Harsh vardhan Masta | Priyanka Maggu | Gunjan Pradhan | Salil Mody | Neha Bajaj | Shimal Kapoor | Vinay Yadav | Deepak Kumar | Leejat Pradhan | Mike Hemsley | Aashita Agarwal | Rohit Kumar | Bhavyasree Bodla | Tamoghna Goswami | Tarun Vijay | Vineeta Dixit | Trisa B. | Sunil Abraham | Sheetal Sawhney Kapur | Vivan Sharan | Aniruddha Shanbhag | Ateesh Nandi | Siva Bhargavi Nori #RBI #Mpai #MerchantPayments #DigitalPayments #FintechInnovation #Payments #Fintech #MerchantCommunity #TechPolicy #PaymentSolutions

🚀 The October edition of Checkout is live! In this issue, we dive into some of the latest in the payments sector: ◼ A brief on RBI's proposed principles-based framework, with inputs from Ikigai Law ◼ Insights on sustaining the UPI payments ecosystem ◼ Highlights of global trends in payments: Singapore's FAST ◼ An exclusive feature with Sugandh Saxena, sharing Fintech Association for Consumer Empowerment (FACE)'s vision and plans for the coming year as an RBI-recognised SRO Read the full issue here - https://lnkd.in/gsnvQdR4 For feedback, suggestions and ideas, please write to: secretariat@merchantpaymentsalliance.in Harsh vardhan Masta | Priyanka Maggu | Gunjan Pradhan | Salil Mody | Neha Bajaj | Shimal Kapoor | Vinay Yadav | Deepak Kumar | Leejat Pradhan | Mike Hemsley | Aashita Agarwal | Aparajita Srivastava | Astha Srivastava | Shantanu Shirke | Vivan Sharan | Aniruddha Shanbhag | Ateesh Nandi | Siva Bhargavi Nori #Checkout #Mpai #DigitalPayments #Fintech #MerchantCommunity #TechPolicy #RBI #NPCI #UPI #AlternateAuthentication #PaymentAuthentication #MDR #InterchangeFee #RealTimePayments #FintechSRO #SROFT #SelfRegulation #FintechInnovation #PaymentSolutions