Vivek Singh
Head Payments | Product at Airtel Payments Bank
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UPI Contextual payments | ChatGPT of paymentsWe are excited to announce the launch of Contextual Payments via UPI (Unified Payments Interface), a new feature designed to simplify and enhance the digital payment experience for users. This innovative feature allows seamless integration of payments directly within the context of user interactions, making transactions more intuitive, secure, and efficient, which significantly enhances the overall user experience.The feature can intelligently suggest payment options based on the context of the transaction. For example, when ordering food online, the system might suggest using a UPI-linked bank which has maximum returns for that purchase or depending on your past behavior and preferences.Contextual Payments is compatible with a wide range of UPI-supported banks and apps. It is designed to be accessible to all users, regardless of their technical proficiency, ensuring that everyone can benefit from this new capability.Possible Applications of Contextual Payments:- E-commerce: Contextual payments enhance the online shopping experience by reducing cart abandonment, and making it easier for users to complete transactions with more relevant payment options.- IoT and Smart Devices: Devices like smart refrigerators can reorder groceries when supplies run low, and smart cars can pay for fuel at connected gas stations without the driver needing to select things on the payment side of aspects.- Security and Privacy: Despite the seamless nature of contextual payments, security remains a top priority. Technologies like tokenization, encryption, and biometric authentication ensure that sensitive information is protected, similarly adding more context can help put additional checks to prevent an unwanted transaction on UPI.- Voice activated payemtns etc..There can be many more to it..Benefits:- Consumers: By minimizing the effort required to make payments, contextual payments significantly improve the overall user experience.- Ecosystem players: Businesses benefit from higher conversion rates as customers face fewer barriers to completing transactions.As technology continues to evolve, the integration of payments into our daily lives will likely become even more seamless, driving both convenience for users and value for businesses.Integrating contextual payments into various environments will require deeper participation from issuers and acquirer to maximise the context and meaning for the consumer and ecosystem players.The launch of Contextual Payments UPI represents a significant step forward in our mission to make digital payments as convenient and user-friendly as possible.Airtel Payments Bank National Payments Corporation Of India (NPCI) Razorpay Ganesh Ananthanarayanan Saurabh Agarwal Rohan Jain Kunal Kalawatia Sourabh Tomar Arif Khan Khilan Haria Pinak Chakraborty Arun V
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Sumit Kumar Sinha
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Vivek Singh
Head Payments | Product at Airtel Payments Bank
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Airtel Payments Bank launches interoperable NCMC-enabled debit and prepaid cards: Benefits, how to get one and more - Times of India timesofindia.indiatimes.comUnlocking convenience with NCMC. It’s not just about Metro ride.What is this NCMC card:The National Common Mobility Card (NCMC), affectionately dubbed the ‘One Nation One Card’, is revolutionizing India’s digital payments landscape. Designed to enhance interoperability and convenience, NCMC is reshaping how Indians engage in offline transactions, beyond just metro travel.With the proliferation of digital payment instruments like UPI and Bharat Bill Payment System (BBPS), NCMC fills a critical gap by offering interoperable payment solutions for offline transactions. Its integration with existing debit, prepaid and credit cards has accelerated adoption, leveraging the new use cases like buses, smart city, inflight purchase etc.Key Features and Benefits:NCMC's versatility extends beyond transit, offering a unified solution for commuters across different modes of transport. - Its compliance with contactless ISO 14443 standards ensures secure and convenient transactions- Common Service area creation to Store various kinds of transit data like single journey tickets, loyalty point and passes to be used in offline mode- One card for any operator across country to support multiple operators, i.e. multimodal transport.- All other online transactions like POS, ecom, ATM work like any other card.Market Impact and Adoption:The introduction of NCMC has sparked significant interest among consumers, transit operators, and financial institutions. As of now daily ridership of metros is nearing towards 10mn daily riders , the market has witnessed a surge in NCMC-enabled transactions, indicating a growing acceptance of this unified payment solution.NCMC may impact more than 100 crore debit and credit cards outstanding as of now. Now with new support from regulators in form of zero KYC cards, the adoption will surge.There are currently 43 small and big metro projects in the country, out of which 18 are partially or fully live. This itself is a testimony of the upcoming pull from market for NCMC.The future of NCMC in India looks promising, with continued efforts to enhance its functionality, security, and accessibility. As more transit systems and offline touchpoints adopt NCMC, its usage is expected to soar, driving greater financial inclusion and convenience for millions of Indians. Additionally, advancements in technology and regulatory support will play a crucial role in shaping the trajectory of NCMC adoption and its impact on India's digital payments landscape.Here we present you the most convenient NCMC card which you can get at your home as well as from a nearby metro or Airtel payments bank BC location.Airtel Payments Bank National Payments Corporation Of India (NPCI)
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Vivek Singh
Head Payments | Product at Airtel Payments Bank
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Airtel Payments Bank joins Noise, Mastercard to launch smartwatch - ET BFSI bfsi.economictimes.indiatimes.comIntroducing the pinnacle of style and utility: The surge in NFC POS adoption within India's retail sector is gaining momentum, with over 7 million NFC PoS terminals already facilitating transactions nationwide, poised for further expansion.To grasp the transformative impact of NFC POS on India's payment landscape, it's imperative to analyze the overarching trends shaping the market.Firstly, government initiatives like PIDF (Payment Infrastructure Development Fund) and the relaxation of AFA (Additional Factor of Authentication), coupled with an increased contactless POS transaction limit of 5K, have propelled the transition to cashless transactions, fostering a conducive environment for the proliferation of NFC-enabled payment solutions.Secondly, the burgeoning popularity of wearable technology has ushered in a new era of payment innovation in India. Devices like smartwatches and fitness trackers equipped with NFC capabilities are gaining widespread acceptance, offering a secure and convenient alternative to traditional payment methods. As wearables become more integrated into daily life, the incorporation of NFC-enabled payment functionalities into these devices presents a significant opportunity for both tech firms and financial institutions.Presenting a compelling solution for consumers: our latest wearable with tap and pay capability empowers users to make payments with a single tap while staying seamlessly connected on the go.Airtel Payments Bank Mastercard Noise
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Vivek Singh
Head Payments | Product at Airtel Payments Bank
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Gupshup launches UPI payment for featurephone users livemint.comNow pay via UPI without internet seamlessly with Airtel Payments bank..!
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Vivek Singh
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Airtel Payments Bank launches ‘Airtel Safe Pay to prevent digital payment frauds - ET TelecomEver thought of securing your digital payments beyond mobile app or device...here you go..
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Vivek Singh
Head Payments | Product at Airtel Payments Bank
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An indeed proud moment for our bank #AirtelPaymentsBank Honoured to receive award from Shri. Ravi Shankar Prasad and Shri Ajay Prakash Sawhney #meity
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Vivek Singh
Head Payments | Product at Airtel Payments Bank
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Airtel Payments Bank customer? Now withdraw cash at ATMs without using your card financialexpress.comNeed cash from ATM.. Forget card withdraw using your mobile phone..
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Vivek Singh
Head Payments | Product at Airtel Payments Bank
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Participated as Key note speaker and panellist for discussion on "Digital Money - Transformation as seen after Demonitization" at the Convergence India 2018 - Exhibition showcasing IOT application across industries.
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Vivek Singh
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National Payments Corporation Of India (NPCI)airtelAirtel Payments Bank
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