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.

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.

A thread on #UPI PSPs who come in all shapes and sizes, Some history from 2016, some thoughts on bank led model, API gatekeeping, unbundling of #UPI, hierarchy of players, business impact. #UPI hit the market with ~18 banks going live in July 2016. All of them released an app, had their own PSP backends, were issuers. A week later @PhonePe_ became the first non-bank PSP with an YesBank partnership operating its own PSP backend.

Now that the lawyers have run their marathon and we wait for the top court to rule, a small personal diary note thread on #Aadhaar & me.

Huge thanks to community of people who have widened my wisdom of how society works. Fellow helpless people helping each other. It started sometime in 2011, when I knew nothing, enrolled along with family.But our enrollment packets were lost, EID wasnt even searchable. I did write some emails to support, but yielded nothing more than, please enroll again. As the need wasn't real, did not enroll.

Thread on Billgates connection to #Aadhaar. Does he know enough to comment (of course he knows a lot more, deep intentions, interests). Now that he himself has repeated the fact that, his "charity",WB are interested in it, like to fund the initiatives, lets look at larger picture Read "Digital Poverty Stack". I will summarize these posts

Part 1 nextbillion.net/nexthought-mon…

Part 2 nextbillion.net/its-the-ecosys…

and add additional context on players.

I dont have any soft spots for @NandanNilekani, but this needs demystifying for people to see larger picture and not get personal, potshot happy and forget, but its important to understand what ROHINI is, what the healthcare agenda is, so Thread.

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by @vinodjose view original on Twitter

IIB is registered society, promoted by insurance industry as an agency to provide sector level cooperation. Regulators : Industry bodies :: RBI-TRAI-IRDA : IBA / NPCI-COAI-IIB. These industry organizations exist to shape larger policy around industry to safeguard themselves

Classic example of disasters in not differentiating aadhaar authentication, eKYC, eSign, eMandate. Everything needs only one OTP and no knows what transaction happens in backend. @India_Stack will be happy because all they care is volumes not user interest. #Consent #Fraud

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A simple way of fixing this mess, is to not allow signatures by just sharing OTP, but involve some bit of user action and adding friction to make sure signatures can't be made with just OTP. User can send a SMS from registered mobile with SIGN <OTP_SENT_TO_ENTITY> to get SIGNOTP

Summarizing this on a thread below; User awareness, increased regulatory oversight needed for your paisa to be safe from fraud; There are risks that have escalated to fraud (Social Engineering attacks, Consent theft) and there are risks (Identity theft) 1/

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1. Soc Engineering attacks -- People (incl a RS MP) have lost money to tricksters. Solution -- Never ever share any OTP to anyone on phone. Keep repeating this and spread to everyone you know.

Ask your MPs, banks, mobile operators, service providers to #SpeakForMe against the Aadhaar linking coercion. speakforme.in | Follow the thread to know more about the risks of aadhaar, long thread on issues several of us are concerned #SpeakForMe Everyone is concerned with data protection, while a govt committee is formed & is accepting comments, we are deeply concerned about lack of accountability. @anivar writes on #AadhaarLeaks of how @UIDAI itself leaks Aadhaar medium.com/karana/when-ui…

“UIDAI Authentication data analysis” by @iam_anandv medium.com/@venkatanaraya… | Numbers don't lie. #Opendata Only 2.20 Crore people actually consented to linking PAN-Aadhaar, everyone else was demographically authenticated and seeded by agency. #Consent