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a group company

a group company. About us. Set up 2001 in UK, established 2002 in India and is now part of the 2ergo Group plc ( www.2ergo.com ); Specialist provider of mobile marketing and technology related solutions;

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a group company

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  1. a group company

  2. Aboutus • Set up 2001 in UK, established 2002 in India and is now part of the 2ergo Group plc (www.2ergo.com); • Specialist provider of mobile marketing and technology related solutions; • Leader in mobile marketing technology. Award winning and patented RAPOSTMplatform • First independent VAS solutions provider to establish 100% cross-operator SMS services in India • Responsible for longest running mobile marketing programme – Orange Wednesdays

  3. RETAIL PAYMENT SYSTEM ROADMAP FOR CREATING A ROBUST RETAIL PAYMENT SYSTEM

  4. Objectives • Entice the circulation of money in the economy; • Reducing cash handling/ management, mitigating risks of counterfeiting; • Open to adoption of new methods of payments; • Provide safety and security to institutions and business; • Protecting the rights of users; • Enhancing efficiency and performance, • Innovative and promote healthy competition; • Ensuring safe and secure payments systems

  5. RBI initiatives on Retail Payments • Payment and Settlement Systems Act; • Payment Corporation of India; • National-level ATM switch; • Policy on Credit Card Operations of banks; • Policy on Mobile Banking - Operative Guidelines for Banks; • Policy on Mobile Payments - Operative Guidelines for Banks; • Policy for issuance and operation of Prepaid Payment Instruments.

  6. Way forward • Set up benchmarks for retail payment systems; • Promote shared infrastructure for retail payments • Shared payment gateway POS, ATM, mobile transactions; • Central Data Repository of Customer Creditworthiness; • Robust standards and aggressive regulatory provisions for • Electronic commerce; • Mobile commerce and payments; • Mobile banking; • Micro payments; • Cash cards; • Bill payments; • Mobile ticketing; • Mobile coupons and vouchers.

  7. Way forward • Migration of magnetic stripe based cards to chip-based cards and token-key-based authentication devices (instead of a PIN) • Introduction of NFC bases payment tokens, services and systems; • Building an eco-system for certification and authentication of web/wap sites for e/m-commerce; • Deeper adoption of PCI-DSS standards; • Building rural payments systems that allow retail and wholesale customers to have an effective cash management system; • Verified and certified participants - in the ecosystem, need for security audits.  

  8. Thank you ! Sanjeev Patni Director, ActiveMedia Technology sanjeevpatni@activemediatech.com +91 98809 16000

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