Discover and read the best of Twitter Threads about #CashlessConsumer

Most recents (7)

Why is not used and a personal branding named fund being used for this? PMNRF has receipt generation, in existance for ages. PM-CARES attempts at profiting out of disaster. #DisasterPayments
But there is more. masks PAN of the fund to XXXXXX 637Q. What is the need for masking a PAN of a fund? Privacy for PM fund?
#CashlessConsumer studied #DisasterPayments and AACTP 4637 Q is the PAN of PMNRF. PMNRF also allows people to download receipts. PM-CARES doesn't have neither, didn't give a PAN for claiming 80G exemption.…
Read 24 tweets
#CashlessConsumer Following up on consent-less auto fetch privacy violations in #BBPS

#NPCI's own data shows the practice of building credit profiles continue rampantly completely disregarding user consent & NPCI notice.…
In Oct 2018, #CashlessConsumer complained to RBI/NPCI and top fintechs/banks about the privacy abuse in #BBPS for building credit profile database without the consent of individual…
NPCI responded on Nov 1, 2018 with a circular mandating all BBPS ecosystem participants to ensure customer consent for bill fetch and provide opt out of auto fetch provisions and comply with circular in 60 days…
Read 11 tweets
#CashlessConsumer is at #AadhaarTribunal and is talking on intersection of #Aadhaar and #DigitalPayments / #Fintech.

#CashlessConsumer makes the following demands to seek a reform in #DBT / payments infrastructure
1. A thorough #CAG audit on #DBT infra to officially document the reasons for exclusions (untraceable payments referred in #NITIAayog Poshan report) and detailed report on #APB, compensate the beneficiaries who are denied welfare benefits with interest
2. Policy decision to gradually migrate #DBT to use #NEFT (run free of cost by RBI wef 1.1.2020) instead of NPCI owned #APB infrastructure which charges ministries implementing #DBT delivery.
Read 6 tweets…

Just read about #Paranur toll plaza violence that happened over weekend. The issue is mainstream debate in Tamil media. #Thread
The incident allegedly sparked off after SETC bus entered over the extreme left lane meant for 2 wheeler / emergency vehicles and there was a verbal tussle between driver and toll staff.

#Paranur toll is highly saturated, gets 2.5x traffic than designed capacity of the highway.
It must also be noted the concession period has ended and there is a case pending in Madras HC. Voices in media suggest bouncers being used to collect toll (and there are allegations of dwindling0
Read 14 tweets
#CashlessConsumer Much has been talked about #ZeroMDR amidst lot of panic based misinformation, half truths.

1.1.2020 marked 3 significant changes to payment industry all of which have deep implications. #Thread
Facts first and opinions later.

On 30 Dec, FinMin clarified provisions in Finance Act relating to digital payments

1. 269SU meant for large companies > 50 Crores, mandating to accept "prescribed modes"

2. 271DB - Penalty for violating 269SU… - Link to notification.

269SU makes #ZeroMDR, but important to note its applicable only for large businesses and only for "prescribed modes"

Prescribed modes came via…
Read 16 tweets
QR code option may be must for shops via @TOIBusiness | This take over of cash by a lobby is suicidal for the economy. #Thread time #CashlessConsumer
The above story starts from 29th @GST_Council meeting where GoM on digital payments discussed incentivising digital payments. The minutes are at…

Start at Page 29.
The incentive is restricted to @NPCI_BHIM and @RuPay_npci cards - casually mentioned in 8.13 as "Government·oflndia owned cards i.e. RuPay (Debit card) and tlle BHIM application"

Plain lies being used to divert sovereign tax to a private company. If this is not scam, what is?
Read 6 tweets
Dear @rssharma3 This is NOT about #Aadhaar, but your data is being leaked by @PayUmoney I just had to enter your email ID to get your stored card. I don't know how you see this. #Privacy #DataProtection

1. Please Delete your stored card from…
The issue was reported to PayU months back, but the company seems to not understand the issue of tokenized card information exposing last 4 digits as a privacy issue.…
This was what @PayUmoney had to say when @jaivardhan88 of @entrackr asked them about it few months back.
Read 9 tweets

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