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Down with one-sided regulatory overreach.

US government should stipulate that merchants should give discount for consumers paying with cash and debit card on which they incur no / low MDR cost than on credit card.

I always believed that, unlike UPI, RuPay Credit Card has a strong value proposition all over the world and had shared a playbook for taking RuPay Credit Card global in my blog post titled How RuPay Can Disrupt Visa And MasterCard. (hyperlink to post on my company website removed to comply with Finextra Community Rules but this post should appear on top of Google Search results when searched by its title + "GTM360")

Happy to hear that RuPay Credit Card has started going global!

Will we ever see an end to the ISO 20022 Waiting For Godot Moment?

This is further proof that, while uniformity / standards / interoperability are good for regulators and markets, they deprive suppliers of competitive advantage, so some degree of stonewalling by the latter is par for the course.

Superapps won't survive a day in the West under "rogue regulators" (courtesy: WSJ) like FTC / Khan, SEC / Gensler and CFPB / Chopra. 

Facebook-Giphy and Microsoft-Activision Blizzard are hardly superapps and we all know how much antitrust hot water these M&As got into. 

PayTM Payments Bank is a special type of bank that can accept deposits but cannot lend. When payments bank concept was envisaged, it was expected to earn revenues from fees for distributing other financial and non-financial products. Seems like that movie didn't end well.

This fine may be cheaper than the cost of full compliance with KYC / AML rules!

From Amazon Fire Phone and an Indian app whose name I forget through to Google Lens, this feature has been around for 10+ years. But, just like Coke, I'm guessing "everything goes better with AI!".

According to one school of thought, USA has Same Day ACH whereas A2A RTP leaders UK, Brazil and India don't, ergo FedNow / TCH-RTP has way less value proposition for USA than FPS, Pix and UPI have for UK, Brazil and India respectively. 

A2A payments flopped in UK and other advanced economies with high credit card and POS penetration before Open Banking. And I'll put my $$$ that they will flop even after Open Banking. 

I don't buy half of your touted benefits of Open Banking but even if all of them were true, they don't come anywhere close to matching the benefits of credit card such as deferred payment, rewards, and fraud protection that no A2A payment provides, with our without Open Banking.

I've lost count of the number of times I've been hearing this narrative in the last 10+ years.

If this is really the state of data at banks, any idea what the heck have Analytics / BI / DW giants like Business Objects, Cognos, SAS, Cardlytics, Datadog, Snowflake, and dozens of others been selling to banks all these years? Snake oil??

Kudos to Amazon / AWS Amazon for its candid response. IT sector in general and Cloud / SAAS sector in particular spend gazillions of money upfront and thereby democratize access to technology. It's naive to think that IT companies are doing this out of altruism. Of course they will seek to foster customer loyalty via differentiators and other ways to drive stickiness so that they can recover their investments. IT Customers are okay with this, judging by their growing purchase of IT products over the decades. Regulators should stay out of this unless a critical mass of IT customers complain to the government about vendor lockin, etc.