$\"\"$ MUMBAI: Banks, which were left behind in the payments space by wallets of financial technology companies, are striking back with an exclusive tie-up for fund transfers with Unified Payments Interface (UPI) of the National Payments Corp<\/a> (NPCI) dealing a major blow to the growth prospects of wallet companies.
\n
The exclusion of wallet providers by RBI<\/a> has upset some who have been looking to grow and are in the midst of raising funds which could affect their valuations, said two people who did not want to be identified.
\n
\nNPCI, which administers UPI, might have excluded wallet companies due to the suspect nature of their security protection rather than with any other motive. UPI, permits customers to choose any bank's app for payments. If this trial run succeeds, it could be extended to all forms of bank dealings.
\n
\"I think security is a major issue they are considering while allowing wallets to integrate with the UPI platform,\" said Jiten Gupta, managing director of Citrus Pay<\/a>, a wallet provider. \"The three or four well-known wallets may be having high levels of security audits, but I do not think they are ready to trust all the 30 PPI licence holders.\"
\n
\nWith UPI requiring authentication of the transaction within the app itself through a mobile pin, the regulator is hesitant to get wallet players on board who neither have a long track record, nor sound financials to face future liabilities if there are glitches.
\n
\nIf wallets are left behind, their business would be directly affected because UPI brings with it convenience of transactions which till date was the biggest positive for wallets, said Citrus' Gupta.
\n
\nBut the doors are not shut forever. \"Right now, wallets are not allowed in UPI, but they have been pleading with RBI directly,\" says AP Hota, managing director of NPCI. \"RBI has only given approval for the pilot project, when they give the final approval wallets may be allowed, but it may take some time.\"
\n
\nThe success of even the UPI may also depend on the number of people involved in it.
\n
\n\"At the end of the day, UPI as a network would only succeed if more and more payments players join it,\" said Anish Williams, CEO of Transerv, which runs the Udio wallet app.
\n
\nWhile 10 banks have already adopted UPI, NPCI hopes to get all 29 major banks on board within the next few months. With banks till date being dismal in merchant acquisition and terminalisation, questions arise regarding their ability to utilise the new interface to the maximum.
\n
\"The platform is ready but for payments through UPI being accepted at merchant points and delivery boys, questions arise on the kind of infrastructure roll-out that banks would have to do. Since we have been able to do much better than banks in these fronts, I am sure it is just time before RBI would let us become a part of UPI,\" said Upasana Taku, co-founder of Mobikwik<\/a>.
\n\n<\/body>","next_sibling":[{"msid":51824729,"title":"Micromax opens new handset factory in Telangana with 1 mln\/month capacity","entity_type":"ARTICLE","link":"\/news\/micromax-opens-new-handset-factory-in-telangana-with-1-mln\/month-capacity\/51824729","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51824343,"entity_type":"ARTICLE","title":"Wallet companies take a hit as banks enter fund transfer business","synopsis":"Banks are striking back with an exclusive tie-up for fund transfers with Unified Payments Interface (UPI) of the National Payments Corp (NPCI) dealing a major blow to the growth prospects of wallet companies.","titleseo":"telecomnews\/wallet-companies-take-a-hit-as-banks-enter-fund-transfer-business","status":"ACTIVE","authors":[{"author_name":"Pratik Bhakta","author_link":"\/author\/479242111\/pratik-bhakta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242111.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479242111,"author_name":"Pratik Bhakta","author_seo_name":"pratik-bhakta","designation":"Correspondent","agency":false}},{"author_name":"Saloni Shukla","author_link":"\/author\/479242889\/saloni-shukla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242889.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479242889,"author_name":"Saloni Shukla","author_seo_name":"saloni-shukla","designation":"Deputy Banking Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-04-14 14:50:12","lastupd":"2016-04-14 14:56:54","breadcrumbTags":["RBI","Mobikwik","CITRUS PAY","National Payments Corp","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/wallet-companies-take-a-hit-as-banks-enter-fund-transfer-business"}}" data-authors="[" pratik bhakta","saloni shukla"]" data-category-name="" data-category_id="" data-date="2016-04-14" data-index="article_1">

Telecom乐动扑克News

钱包公司遭受打击的银行进入基金转移业务

银行是引人注目的,独家合作基金转移统一支付接口(UPI)的支付总公司(NPCI)主要打击的钱包公司的增长前景。

Pratik Bhakta&Saloni舒克拉,
等局

更新于2016年4月14日下午02:56坚持

孟买:银行,支付空间里留下钱包的金融技术公司,是引人注目的,独家合作基金转移统一支付接口(UPI)支付总公司(NPCI)主要打击的钱包公司的增长前景。

钱包供应商的排斥印度储备银行难过一些一直想成长,正在筹集资金,可能会影响他们的估值,说两人不愿具名。

NPCI管理UPI,可能排除钱包公司由于怀疑的本质安全保护而不是与任何其他动机。UPI,允许客户选择任何银行的支付程序。如果试验成功,它可以扩展到所有形式的银行交易。

“我认为安全是一个主要问题,他们正在考虑,同时允许钱包与UPI集成平台,“Jiten Gupta说,董事总经理柑橘支付,一个钱包提供者。“三个或四个著名的钱包可能有高水平的安全审计,但我不认为他们已经准备好信任所有30 PPI执照持有者。”

UPI要求身份验证的应用程序内部事务通过移动销,监管机构正犹豫让钱包球员上谁也没有记录,也没有声音金融类股面临未来债务是否存在故障。

如果钱包留下,他们的业务将直接影响因为UPI带来便利的交易,至今为止最大的积极的钱包、柑橘的古普塔说。

但是门不关闭,直到永远。“现在,UPI钱包不允许,但他们一直恳求直接分打点,”美联社Hota说NPCI的董事总经理。“央行只有批准的试点项目,给予最后批准时钱包可能是允许的,但它可能需要一些时间。”

甚至UPI的成功也取决于参与的人数。

“在一天结束的时候,UPI作为网络只会成功如果支付越来越多的玩家加入,”阿尼什·威廉姆斯说,Transerv CEO, Udio钱包应用程序运行。

而10家银行已经采用UPI、NPCI希望得到所有29个主要银行在未来几个月内。与银行至今为止被惨淡的商人收购和terminalisation问题关于他们使用新接口的最大能力。

“支付平台是准备好了,但通过UPI商人点被接受和交付男孩问题的基础设施转出银行将不得不做的。因为我们已经能够比银行在这些方面做得更好,我相信这只是时间央行会让我们成为UPI的一部分,”联合创始人Upasana佐藤说Mobikwik。

发布于2016年4月14日下午02:50坚持

$\"\"$ MUMBAI: Banks, which were left behind in the payments space by wallets of financial technology companies, are striking back with an exclusive tie-up for fund transfers with Unified Payments Interface (UPI) of the National Payments Corp<\/a> (NPCI) dealing a major blow to the growth prospects of wallet companies.
\n
The exclusion of wallet providers by RBI<\/a> has upset some who have been looking to grow and are in the midst of raising funds which could affect their valuations, said two people who did not want to be identified.
\n
\nNPCI, which administers UPI, might have excluded wallet companies due to the suspect nature of their security protection rather than with any other motive. UPI, permits customers to choose any bank's app for payments. If this trial run succeeds, it could be extended to all forms of bank dealings.
\n
\"I think security is a major issue they are considering while allowing wallets to integrate with the UPI platform,\" said Jiten Gupta, managing director of Citrus Pay<\/a>, a wallet provider. \"The three or four well-known wallets may be having high levels of security audits, but I do not think they are ready to trust all the 30 PPI licence holders.\"
\n
\nWith UPI requiring authentication of the transaction within the app itself through a mobile pin, the regulator is hesitant to get wallet players on board who neither have a long track record, nor sound financials to face future liabilities if there are glitches.
\n
\nIf wallets are left behind, their business would be directly affected because UPI brings with it convenience of transactions which till date was the biggest positive for wallets, said Citrus' Gupta.
\n
\nBut the doors are not shut forever. \"Right now, wallets are not allowed in UPI, but they have been pleading with RBI directly,\" says AP Hota, managing director of NPCI. \"RBI has only given approval for the pilot project, when they give the final approval wallets may be allowed, but it may take some time.\"
\n
\nThe success of even the UPI may also depend on the number of people involved in it.
\n
\n\"At the end of the day, UPI as a network would only succeed if more and more payments players join it,\" said Anish Williams, CEO of Transerv, which runs the Udio wallet app.
\n
\nWhile 10 banks have already adopted UPI, NPCI hopes to get all 29 major banks on board within the next few months. With banks till date being dismal in merchant acquisition and terminalisation, questions arise regarding their ability to utilise the new interface to the maximum.
\n
\"The platform is ready but for payments through UPI being accepted at merchant points and delivery boys, questions arise on the kind of infrastructure roll-out that banks would have to do. Since we have been able to do much better than banks in these fronts, I am sure it is just time before RBI would let us become a part of UPI,\" said Upasana Taku, co-founder of Mobikwik<\/a>.
\n\n<\/body>","next_sibling":[{"msid":51824729,"title":"Micromax opens new handset factory in Telangana with 1 mln\/month capacity","entity_type":"ARTICLE","link":"\/news\/micromax-opens-new-handset-factory-in-telangana-with-1-mln\/month-capacity\/51824729","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51824343,"entity_type":"ARTICLE","title":"Wallet companies take a hit as banks enter fund transfer business","synopsis":"Banks are striking back with an exclusive tie-up for fund transfers with Unified Payments Interface (UPI) of the National Payments Corp (NPCI) dealing a major blow to the growth prospects of wallet companies.","titleseo":"telecomnews\/wallet-companies-take-a-hit-as-banks-enter-fund-transfer-business","status":"ACTIVE","authors":[{"author_name":"Pratik Bhakta","author_link":"\/author\/479242111\/pratik-bhakta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242111.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479242111,"author_name":"Pratik Bhakta","author_seo_name":"pratik-bhakta","designation":"Correspondent","agency":false}},{"author_name":"Saloni Shukla","author_link":"\/author\/479242889\/saloni-shukla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242889.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479242889,"author_name":"Saloni Shukla","author_seo_name":"saloni-shukla","designation":"Deputy Banking Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-04-14 14:50:12","lastupd":"2016-04-14 14:56:54","breadcrumbTags":["RBI","Mobikwik","CITRUS PAY","National Payments Corp","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/wallet-companies-take-a-hit-as-banks-enter-fund-transfer-business"}}" data-news_link="//www.iser-br.com/news/wallet-companies-take-a-hit-as-banks-enter-fund-transfer-business/51824343">

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钱包公司遭受打击的银行进入基金转移业务

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