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ETtech Morning Dispatch on Feb 19, 2021: NPCI rival worries FinMin, WhatsApp nudges users
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India’s three largest retail banks SBI, HDFC Bank and Bank of Baroda have been planning to form a consortium that would rival the
National Payments Corporation of India (NPCI) for a few months now. The three banks are also a part of the consortium that is
NPCI.
See the problem here?
It’s no surprise the finance ministry isn’t a big fan of the idea, especially given the involvement of two large public sector banks. It has raised concerns about a conflict of interest and is worried the proposed entity could turn into a monopoly and damage flagship NPCI projects such as UPI and RuPay.
tmrFebruary 8, 2021 9
The global automated parking management systems market is markedly fragmented as each regional market can have different players holding prominent positions, notes Transparency Market Research (TMR). For instance, Skyline Parking and CityLift are expected to emerge as leading players in Europe and Asia Pacific. In North America, the top players are Robotic Parking Systems, Inc. and CityLift who hold a combined share of upward of 32.0% in the regional market.
TMR finds that some of the other prominent players operating in the global automated parking management systems market are EITO&GLOBAL INC., Round Automated Parking System, Klaus Multiparking Systems Pvt. Ltd., Dayang Parking Co. Ltd, and Unitronics.
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Yoco’s digital payments network, which includes point-of-sale card machines, tools to help businesses set up online payments, and credit advance, now serves 120,000 small businesses in South Africa.
The milestone comes after the launch of
Yoco Neo, a new standalone card machine, in October 2020 on the occasion of Yoco’s fifth anniversary. At the time, the startup had 100,000 merchants.
The startup’s growth gives a sense of how the pandemic increased the pace of online commerce and cashless payments in South Africa. Grocery delivery startups like Startup Bottles and Zulzi have ridden a similar wave to rapid user growth.
RBI ) regulatory sandbox
(
RS ) announced last year, has started
with two entities having initiated product testing from November
16, 2020, and with four more entities having started their test
phase in December, 2020. The products in the first cohort include:
(i) eRupaya?, a set of near-field communication-
(
NFC ) based prepaid cards and
point-of-sale (
POS ) devices to
facilitate offline person-tomerchant
(
P2M ) transactions and offline digital
products in remote locations; (ii) PaySe?, an offline digital cash
product to help digitise payments in rural areas through an
ecosystem of self-help groups; (iii) CityCash?, a set of
NFC-based prepaid cards and POSdevices to facilitate offline P2M