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Pratik Bhakta - The CapTable Profile picture
Pratik Bhakta - The CapTable
@PratikBhakta_89
Building @thecaptableco a @YourStoryCo product. Previously a startup reporter with The Economic Times and Moneycontrol. Write to me at pratik@the-captable.com.
Jun 22, 2022 • 8 tweets • 3 min read
🔥There is a firefight going on in the fintech industry right now.

Players like Slice, Uni, Salary Card, PostPe are staring at uncertain times and end of the road for business as they had structured it. 🧵 1/n RBI's strong words: No loading of wallets through credit lines. Violations will attract penal actions.🚫

It couldn't be clearer than that. No bypassing credit card rails for on the go credit txns.

BNPL? Stick to consumer durable loans like we knew in the past. 2/n
Jun 21, 2022 • 6 tweets • 2 min read
Among all fintech startups, the digital lending sector has been the most impacted.
But there are a handful who are trying to defy odds and looking to establish a profitable biz model here. 🧵1/n We focus on Kreditbee today.

It faced major challenges getting into 2021.

1. Large Chinese shareholding
2. Slowdown in disbursals and repayment issues due to Covid19 2/n
Jun 20, 2022 • 7 tweets • 2 min read
🚨Today the RBI has put a roadblock on the business model of multiple fintechs who were using credit lines to be loaded into PPI wallets.1/n 🤔Interestingly this was thought to be a roundabout way of opening credit txns on UPI.
Give a credit line on a wallet, open UPI txns through wallet interoperability at merchant locations.2/n
Mar 14, 2022 • 14 tweets • 2 min read
Paytm's issues with the banking regulator has emerged as one of the most prominent talk points in fintech circles.

Lets look at Paytm Payment Bank's sojourn with the RBI? A Thread 🧵 1/n Back in 2015 among so many applicants for a payment bank licence, Paytm founder Vijay Shekhar Sharma emerged as a successful one.

Licence is given to Sharma and not to Paytm. 2/n
Dec 8, 2021 • 5 tweets • 1 min read
Top picks for the payments world from the RBI statement today:
1. Discussion paper on charges in digital payments: Finally some movement on the MDR issue on UPI debit and credit cards can be expected. Make digital payments "affordable for users and remunerative for providers" 2. UPI based payment system for feature phone users. With 44 crore feature phone users in the country and hardly any uptake of USSD payments, RBI is keen to take solutions from its sandbox initiative on feature phone based retail payments live.
Aug 27, 2021 • 6 tweets • 2 min read
Digital ledger startups @Khatabook, @_okcredit, @VyaparApp all are targeting the $330bn lending opportunity in the MSME space, their promise, capture biz data through the app, evaluate the biz for its creditworthiness then extend credit. Will it work? 1/n 🧵 Avg ticket size of such loans will be small, hence for the economics to work out the applicant base needs to be large, hence the $400mn of VC money pumped in mainly to acquire merchants. 💰💰 2/n
Feb 24, 2021 • 10 tweets • 2 min read
The NUE Conflict: The race for NUE licenses is heating up with SBI, BoB, HDFC Bank, Axis Bank, ICICI Bank, Yes Bank, Paytm, Amazon & Reliance Jio throwing in their hats. Why do all these shareholders in NPCI want their own NUEs? @thecaptableco There is huge interest in NUE because of India’s booming digital payments ecosystem & revenue-generating opportunities from B2B payment settlements (for every digital transaction banks have to pay a fee to the likes of Visa and NPCI).