Rahul Kanotra

A new form of biometric payment is emerging in the UAE called Palm Payment. Soon you'll be able to pay with a swipe of your hand at selected merchants. To use this method, you will need to register your palm on the palm scanner at the designated merchant store and link it to your credit card. The scanner will capture the lines on your palm and vein pattern. An algorithm will then associate a unique palm signature for you. Subsequently when you use your palm at a supporting merchant the POS will trigger an authorization using your card details. This technology joins other biometric payment methods we’ve seen so far like facial and fingerprint payments. Each uses a different authentication process and user interaction. The choice of payment will depend on user preference and merchant capabilities. In all cases, these biometric payments will improve efficiency and user experience. For people who worry about phone battery issues, or tend to forget their cards they won’t have to remember to bring their palm! #PalmPayment, #BiometricPayments

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Boost Efficiency and Save Costs with Justt's New Accept Chargeback Feature At justt, while we typically fight illegitimate chargebacks, there are valid reasons to accept them early. The primary reason is to avoid additional fees from card schemes like Visa when acquiring banks respond late. These fees can be passed on to merchants by the acquiring bank or PSP, so accepting chargebacks promptly can help avoid such costs. We’re very excited to introduce our new Accept Chargeback feature, which empowers merchants to take full control of their chargeback management process, with the flexibility to choose between manual and automated decisions. How it works: * Automated or manual decisions: Choose to automatically accept or fight chargebacks based on pre-set rules, or handle them manually when necessary. * Customizable workflows: Set criteria based on transaction size, reason codes, or data points to streamline your chargeback process. * Save time & effort: No need to log into multiple PSPs to manage chargebacks – Justt’s feature centralizes everything, making it easier to manage disputes across all your providers. With Justt’s Accept Chargeback feature, you can save time, reduce costs, and ensure smarter decisions without the hassle of logging into different PSPs. Learn more about how this feature can benefit your business: https://lnkd.in/ei8RVggZ. Want to chat directly? Schedule a call with me here: https://lnkd.in/en3hsRkg #chargebacks #payments #ecommerce #fintech #onlinepayments #fraud

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I am seeing a new trend in market of A2A payment being renamed to - pay by bank. It’s really cool and makes a bigger impact and connect to audience of all types!! There is no way stopping of A2A payments as most imp use case of open banking no matter what name sells in market.

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The NPCI Cluster ASP model transforms payment integration by allowing financial institutions to skip lengthy testing phases and go live faster. This efficient process reduces costs, streamlines operations, and ensures seamless adoption of NPCI services, empowering banks and NBFCs to stay agile and enhance customer experiences in the fast-evolving digital payments world. Check out our latest blog to learn more : https://lnkd.in/gfxMskpq #NPCI #ClusterASP #DigitalPayments #PaymentIntegration #FintechInnovation #BankingSolutions #FinancialServices #DigitalTransformation #PaymentsRevolution #Fintech #TechInnovation #Paycorp #NBFC #Banks #TSP #Fintech

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UPI merchant transactions in Nepal surpass 100,000 mark NPCI International Payments Limited (NIPL), the international arm of National Payments Corporation of India (NPCI), is pleased to announce a landmark achievement of surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal. NIPL collaborated with Fonepay, Nepal's largest payment network, to launch the cross-border P2M UPI acceptance in March 2024. This milestone signifies a new era of digital payment connectivity and collaboration between the two neighbouring countries. UPI is India's popular mobile-based real-time payment system, which enables instant personal and merchant payments. The introduction of UPI has simplified payments for Indians travelling to Nepal. Furthermore, Nepali travellers to India can also experience UPI payments now via UPI One World. Visitors can use the UPI One World app to make payments at merchant locations by simply scanning the QR codes, making it easier for them to explore India’s rich culture, cuisine, and many diverse experiences. NPCI International spokesperson, said, “We are happy with the positive feedback received since the introduction of UPI merchant acceptance in Nepal. This milestone is a testament to our commitment to simplifying cross-border transactions between the two nations and enabling new avenues for trade and commerce. Given that Indians constitute the largest number of visitors to Nepal, we expect continued growth in UPI transactions. Furthermore, we believe this initiative will contribute significantly to the economic development of both the countries.” UPI is currently accepted in Bhutan, France (Eiffel Tower - Online, Galeries Lafayette), Mauritius, Nepal, Singapore, Sri Lanka, and UAE. It is one of the largest real-time payments platform globally. As per a recent ACI Worldwide report, 49% of the worlds real-time payments were made in India in 2023. NIPL has also collaborated with Nepal SBI Bank Limited (NSBL), to operationalise RuPay cards in Nepal. RuPay is a global card payment network from India with wide acceptance at ATMs, POS devices and ecommerce website. MyGov India National Payments Corporation Of India (NPCI) Nepal SBI BANK Fonepay #npci #mirabiliabusinessmagazine

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🌍 The 2025 SEPA Instant Credit Transfer (SCT Inst) Rulebook by the European Payments Council (EPC): 🚀 🔑 Key Highlights: ✔ 5-Second Execution Time: Instant, efficient payments. ✔ 24/7 Availability: No more waiting for business hours. ✔ Enhanced Data Integrity: Structured remittance fields for seamless reconciliation. ✔ Innovation-Friendly: Providers can offer unique, value-added services. 💡 What This Means for You: 🏛️ Businesses: Faster settlements and improved customer satisfaction. 👨‍👩‍👧‍👧 Consumers: Reliable and transparent transactions. 🛒 Providers: A platform to innovate and grow in a competitive market. Ready for 2025? 🌟 #Payments #Innovation #SEPA #DigitalTransformation

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With 460 billion+ card transactions globally every year, this process is seamless thanks to two key players: Acquirers and Issuers. Lets decode Acquirer vs Issuer: 1. 𝗔𝗰𝗾𝘂𝗶𝗿𝗲𝗿: Think of them as the merchant's ally. • Acquirers enable businesses to accept digital payments. • They connect merchants to the payment ecosystem and process transactions. 2. 𝗜𝘀𝘀𝘂𝗲𝗿: They’ve got the cardholder’s back. • Issuers provide the payment card or account (credit/debit) to consumers. • They ensure the cardholder has sufficient funds or credit before approving payments. 𝗛𝗼𝘄 𝗧𝗵𝗲𝘆 𝗪𝗼𝗿𝗸 𝗧𝗼𝗴𝗲𝘁𝗵𝗲𝗿 Step 1: The Acquiring Bank receives the payment request when you pay at a merchant. • For large businesses, this might be their own bank. • For smaller businesses, this is often handled via payment gateways / aggregators like Razorpay or PayU Step 2: The transaction is routed via card networks (like Visa/Mastercard) to the Issuing Bank. • The issuer verifies funds, approves or declines the transaction, and sends a response. Step 3: The approved transaction flows back to the Acquirer, and ultimately, funds move to the merchant’s account. Many large banks, like HDFC or SBI, hold both roles - they issue credit cards (Issuer) and provide merchant services (Acquirer). Next time you tap your card, take a moment to appreciate the synchronized magic of Acquirers, Issuers, and the networks processing your transactions all in few seconds. #fintech

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As I look back at the achievements that the PayU team showcased at the Global Fintech Fest, I couldn't be more proud of the hard work and dedication shown by all the Payuneers over the last few months. A big shout out to our partners who have supported us and collaborated with us throughout this journey. Here is a quick summary of what we announced in this GFF 1. Push Provisioning: We remain the first and so far the only player to support push provisioning across 4 major networks and have worked in banks for issuer tokens as well. - https://lnkd.in/gSPm9Naf 2. Subscription Suite: We launched the first truly interoperable subscription platform for the ecosystem in collaboration with Mastercard.  Read more about this here. With this solution the mandate creation and execution can happen through the normal payment rails. https://lnkd.in/gszYBzEu 3. PayU Flash Pay: So far we are the only aggregator who have taken the lead in launching a Multi factor authentication solution for payment processing based on the recent RBI guidelines The future of the cards payment is here. 4. We were also the launch partners for Mastercard’s passkey launch in India. https://lnkd.in/gPvPXQdm   5. Cross border issuer solution: So far no one has addressed the pain of the Indian card holders trying to shop on global merchants. PayU partnered with Mastercard to launch the first solution of its kind to help the consumers shop seamlessly. https://lnkd.in/gYhZnkcx 6. Our team partner with Amazon Pay Later to offer instant digital credit to online shoppers. https://lnkd.in/gZyh_tMz As our honourable PM urged Fintechs to focus on curbing fraud, PayU again stood out with its commitment to this cause 7. PayU Protect Plus that was unveiled on stage, is our new advanced fraud and risk management system for our partners that addresses a vast spectrum of fraud / abuse scenarios such as transaction fraud, chargeback risk, buyer protection and RTO abuse. 8. Keeping up with the risk theme, we also partnered with Mastercard to introduce their Brighterion AI fraud detection solution in India. https://lnkd.in/gcBRdEjy In our commitment to help our partners grow their business, we launched 3 products that help them acquire and retain users and takes care of the complexities that comes with the scale 9. PayU Prepaid Edge is the platform built on top of our PPI issuance stack that helps merchants acquire customers and build loyalty 10. PayU Maxmizer helps merchants seamlessly work with multiple payment aggregators and route traffic between them 11. ReconX products solves the operational headache of trying to reconcile data between multiple systems Given the vast scope of the work done here, it’s near impossible for me to individually tag and thank everyone who were instrumental in making it happen. Hence again expressing my gratitude to all Payuneers and our partners for their effort and support.

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#Payments News: Nium and Partior Unite to Revolutionize Cross-Border Payments. 🚀 🌐 Cross-border B2B payments operator Nium has partnered with Partior, the blockchain-based fintech specializing in clearing and settlement solutions. This collaboration makes Nium the first fintech payment service provider to join the Partior network, enabling financial institutions to access 24x7 real-time payouts, clearing, and settlement in over 100 markets—without the need for additional API integration. 💱 Partior’s blockchain-powered platform aims to address persistent challenges in cross-border payments, including settlement delays, high costs, and transaction transparency issues. 🔸 Alexandra Johnson, Chief Payments Officer at Nium, stated: “By integrating with advanced networks like Partior, we are ensuring financial institutions can access our real-time payments infrastructure without complex technical hurdles.” 🔹 Humphrey Valenbreder, CEO of Partior, echoed this sentiment, noting, “This partnership with Nium is a key milestone in advancing global payments. By merging Partior’s blockchain-driven settlement capabilities with Nium’s expansive reach, we’re breaking down long-standing barriers for financial institutions.” 🤝 Partior’s DLT platform is already trusted by industry heavyweights like JP Morgan, Standard Chartered, and founding investor DBS for seamless payment facilitation. Recent adopters such as Siemens and iFAST Financial have leveraged Partior for better control of working capital and faster payment flows. The platform also welcomed Emirates NBD as its first regional settlement bank for multiple currencies last month after raising $60 million in Series B funding in July. 💭 This partnership signals a new era in cross-border payments, combining blockchain technology and fintech innovation to streamline global transactions. What impact do you think this could have on the future of cross-border payments? #Fintech #GlobalPayments #CrossBorderPayments #DLT #FinancialInnovation

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How bank can improve merchant payment acceptance rate Banks continue to lose market share in the distribution of new small business (SMBs) merchant acceptance but remain an important distribution channel for physical point-of-sale merchants (Flagship estimates c.20% in the US and UK and 55% in the EU). Although banks have predominately competed against PSPs for some time, ISVs and SaaS platforms have emerged as the more meaningful competitors. This is driven by the common SMB buying cycle in which they select their underlying SaaS platform prior to their banking relationship, and a strong propensity to use the default payment acceptance option that is bundled into the SaaS platform. SaaS/ISVs are especially powerful distributors of e-commerce payment acceptance solutions where banks tend to be significantly weaker distributors due to the more technical nature of the sale (not to mention that most banks continue to underinvest in e-commerce capabilities, and as a result, their product often significantly lags PSPs and ISVs/SaaS). 👉 Banks’ Challenges in Excelling in Merchant Acceptance Banks face numerous challenges when it comes to merchant acceptance, and from an executive-level perspective, the key challenges we observe are: 🔹 Flawed operating model: often a result of trying to rely too much on in-house operations, which distracts from higher-value distribution focus 🔹 Over-milking the cash cow: failing to continually and sufficiently invest in technology, product, and distribution 🔹 Difficult to work with: although appropriately focused on risk management, lawyers and risk departments can make banks challenging to work with 🔹 Lack of specialized focus: success in merchant payments requires specialization which banks struggle to achieve when acquiring is just one of many products 🔹 Culture clash: banks have a poor track-record for integrating fintech acquisitions driven by the challenges of migrating from a small/casual/tech-driven culture to the more bureaucratic culture of a bank 👉 Bank Merchant Acceptance Propositions Key observations include: 🔹 U.S. banks have generally clear propositions for SMB and corporate payment acceptance, with most offering similar packages and price points for SMBs 🔹 European banks have less clear and harder to find propositions, and generally do not release pricing on their website 🔹 Payment acceptance is clearly not a priority product, with most banks requiring ca. 3 menu clicks to reach the payment acceptance product page from the home page 🔹 U.S. banks use relatively generic key selling points in positioning their acceptance products, with security, fraud prevention, and quick funding commonly mentioned 🔹 European banks take a somewhat more product feature-driven approach and are somewhat more specific in their key selling points although with wide variance 👉More insights https://lnkd.in/d94JgWBU Source Flagship Advisory Partners Brice Ali Alex Michele Nafis Monica Lex Saleh

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#instantpayments #realtimepayments #rtp #payments What are the modern technologies being used to make management and minimization of risk and fraud easier? This will be key to further full adoption of instant real-time payments. No doubt that the number of use cases for instant payments continue to increase in our 24-7 immediacy and always-on universe. Today’s article and conversation by PaymentsJournal calls attention to the very real concern about risk, fraud, and resources for case management given the need for real-time visibility and detection of potential fraud and working/managing/resolving these cases. As the technology for good and efficiency develops so does the capabilities of the bad-actors. From the article: “Although the amount of use cases for instant payments has increased, some of the financial institutions that were early adopters of RTP or FedNow aren’t using the rails to their fullest potential. Many of these organizations can only receive instant payments; they don’t have the functionality to send. “Either they didn’t see the use case or the applicability, or those institutions are concerned about the risks,” Jackson said. “However, that mindset has shifted to where it’s not receive-only, it’s receive-first. They may not be ready to send instant payments now, but they want that capability in the coming months or years. They know they will have customers that want to make instant transfers or pay bills in real-time.” The risks of sending instant payments, and the potential for fraud, has daunted some U.S. financial institutions because real-time payments are guaranteed credit transactions that are instantly available on the recipient’s end. “It is a significant hurdle to clear to unwind an instant payment transaction if necessary,” Jackson said. “There is a need to have strong risk and fraud controls, many of which are already in place, but some institutions are still reticent on instant payments because they are not sure how they will handle fraud.”

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This Visa Payment Forum is like an Apple or Google developer day for Fintech Massive announcements 👇 👉 Any device is a POS device 👉 Tap to Confirm: Authenticates identity shopping online 👉 Tap to Add Card to wallet: Adds security 👉 Tap to P2P (person-to-person) 👉 Choose credit, debit or BNPL at the swipe / point of sale Everything else 👉 Passkey support to use device / biometric Auth for payments (e.g. click to pay, then instantly trigger a face ID) 👉 Launching A2A (pay by bank in the USA) 👉 Launching fraud prevention for pay by bank 👉 Visa data tokens (user permissioned data sharing with merchants for loyalty) Each one of these is a blog post but here's my one sentence summaries 🧠 Any device can accept payments, this makes everyone a seller, enabling a new generation of Square / Shopify like experienced 🧠 Tap to confirm is the Auth layer e-commerce was missing. This lived in Apple Pay but belongs at network level. Will reduce fraud and remove friction. 🧠 Tap to add card will remove friction, prove your address (because the card was sent to your address and device is there) and add security all in one. (Instead of texting "hiramp" etc). Will increase onboarding conversion. PS. Monzo did this in 2016 🧠 Choose how to pay at POS can now become a default feature. Chase and Monzo have done this well, but now everyone can have it. 🧠 Passkeys and and data tokens radically change e-commerce and loyalty. Everything will be a token and biometrics will be how you login, pay, and share data with one Face ID moment. 🧠 Don't sleep on Visa doing pay by bank. Stripe is the current leader IMO, but the network effects, standardization and fraud reduction will be a huge boon for adoption. I could write essays about each of these. Your move MasterCard #payments #fintech #banking

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National Payments Corporation Of India (NPCI) is spreading its wings fast in #UAE 🚀🚀🚀 Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in partnership with NPCI International Payments Ltd. (NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE. The initiative will facilitate seamless transactions for Indian tourists across Network International’s vast merchant network in the UAE. Network has over 200,000 POS terminals across 60,000+ merchants in sectors including retail, hospitality, transport, and supermarkets among others. UPI acceptance will be rolled out progressively, covering a wide range of establishments from retail stores and dining outlets, as well as tourist and leisure attractions including Dubai Mall and Mall of the Emirates. The collaboration between Network and NIPL, the international arm of National Payments Corporation of India (NPCI), aligns with the UAE’s vision to strengthen its position as one of the world’s most popular tourist destinations and a global hub for commerce and businesses. The number of Indian tourists travelling to the Gulf Cooperation Council (GCC) countries is projected to reach 9.8 million in 2024, with the UAE anticipating 5.29 million arrivals from India. This growth is driven by various factors including business, place of work and leisure travel. 1 UPI is India’s largest instant payments system with over 350 million active users, and it processed 14.04 billion transactions in May 2024 alone. By enabling UPI acceptance through its POS terminals, Network will provide a QR-based safe and secure method for facilitating cross-border payments. This will allow Indian tourists and NRIs with Indian bank accounts to use UPI for payments across Network’s POS terminals in the UAE. https://lnkd.in/divXgTm7

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Integration of regional payment infrastructures is crucial for enhancing financial connectivity and efficiency. Nepal's initiatives by Nepal Clearing House Limited (NCHL) through its National Payment Switch (NPS) exemplify progress towards seamless cross-border transactions. To benefit from regional integration, Nepal should prioritize regulatory alignment, invest in digital infrastructure, and collaborate with regional partners. With its robust infrastructure, NCHL is best positioned to facilitate this process, ensuring Nepal reaps the benefits swiftly once integration begins. hashtag #FPS hashtag #NCHL hashtag #NPS hashtag #CrossBorderPayments

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Global Mobile Money in 2023 Overview ⭕️175 bn registered mobile money accounts. ⭕️ $1.4 tn value of transactions. ⭕️ 435 m active accounts (30-day). ⭕️ 8.3 m active agents. ⭕️ $74 bn merchant payments processed per year. ⭕️ $29 bn International remittances processed per year. #fintech #mobilemoney #remittances Source: GSMA

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The Rise of Real-Time Payments ⚡ Instant gratification is becoming the norm, even in payments! Real-time payment systems are gaining popularity. Allowing businesses and consumers to send and receive money instantly. This is transforming the way we transact. Offering greater convenience and efficiency. 🚀 #RealTimePayments #InstantPayments #Fintech #Speed

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The UAE and India's collaboration on Jaywan marks a significant step towards a more integrated financial landscape. This innovative card streamlines cross-border transactions, promotes real-time settlements, and fosters economic growth. #DigitalPayments #UAEIndiaRelations #Innovation

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Great article! Is a clearest explanation about BNPL works and that’s how the business can accelerate its innovation roadmap, even if you are the BNPL issuer. The right orchestration about the rule and scope of the partnerships is the key. Remember that AI is changing and transforming the whole industries, specially the credit core business in banks. #fintechrules #openfinance

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