Discover and read the best of Twitter Threads about #bbps

Most recents (4)

#CashlessConsumer #Policy The Committee of Experts (CoE), led by #KrisGopalakrishnan, released a revised report on the Non-Personal Data (NPD) Framework (NPD Version 2) report on 16 December 2020 static.mygov.in/rest/s3fs-publ… 1/
Payments has seen data governance related regulation since #PaymentsDataLocalisation and data governance (both personal and non-personal data) impacts consumers as much as any other regulation 2/
#CashlessConsumer in the past have expressed strongly on issues of data governance, especially with #BBPS (medium.com/cashlessconsum…) and #FASTag (docs.google.com/document/d/e/2…) 3/
Read 5 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.

medium.com/cashlessconsum…
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 medium.com/cashlessconsum…
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

bharatbillpay.com/download.php?f…
Read 11 tweets
Repeat after me: #FASTag is an asset monitoring technology for the lenders (highway traffic measurement for infrastructure assets & vehicle control -- toll block / geo-fence -- for vehicle loans) masquerading as toll collection technology providing convenience.
Repeat after me: #BBPS is an investment lead generation technology for the lenders (consumption data of utilities for infrastructure for equity investments & family consumption/scoring for household finance) masquerading as bill collection technology providing convenience.
Repeat after me: #GSTN is a trade surveillance technology masquerading as simplified(!!) tax collection technology.
Read 6 tweets
Another story on #PayTech from @TheKenWeb, this time on @BharatBillPay #BBPS and NPCI being a behemoth the-ken.com/story/knock-kn…. Time for thread again, full disclosure I haven't read @tam_arund piece since I dont subscribe.
First up some fact checking on email, tweets. Then some commentary about BBPS, then the larger idea of NPCI being the behemoth, what it means to industry, @CashlessConsumr and the whole data game.
First, commentary on the email from @r0h1n

// Because there’s just no telling when it will decide to become a competitor. //

They are in for it to super control the market, not compete. Even on BHIM in UPI, technically, NPCI is operator, the banks are the players market wise.
Read 17 tweets

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