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UK payments retail space has reached maturity in digital payments -transit payments going cashless. Is the cash access deminishing is due to COVID effect or digital transformation envelope is increasing? 

CEO of one of the top bank in India shared during lockdown period shared that, bank's digital products developed and offered in 2019 never seen too many takers but same started increasing each week once lockdown was enforced.

This can be game changer as traditional POS/EDC machine pose several challenges to migrate to Cloud. With most of the Cloud service providers aligned towards IT Security compliance of ISO 27K, PCI-DSS and Cloud POS software gives equal opportunity advantage to onboarded financial institutes and service providers to innovate their offerings.

This is new form factor of Card and Mobile. Trying to crack it - Card with Tokenisation element - Phyical element gets linked to Mobile which has Virtual card ( Dynamic CVV brings one more deterance level).

We need to see how during card swipe, merchant terminal sending card data plays with mobile part.

This is better initiative by MasterCard to value add to it's bank members. Hope they can leverage.

It was irritation to get those stickers with each time using PayTM and getting those players stickers as PayTM is official sponsor of IPL 2020 currently being played.

I switched to other option of payment before this episode happened. Giving rewards are welcome but at the end customer need to have choice to pick and choose. My DTH operator gives such option.

In-House innovation is not recognised for developing product for challenging business issues.

Kudos to the bank’s IT team for developing  enterprise wide solution which can be implementated across the globe.

Banks can align such initiative with CSR (Corporate socila resposibilities) to contribute in sustainable and reusable material under such program.

We have seen good traction by the banks promoting Green PIN to reduce use of PIN mailers to reduce paper use as well as saving on logistics ( fuel usage).

Going further, card's form factor itself is changing where in Virtual cards have started prevailing in Australian and some more matured markets.

This shows one of the flaw in Corporate Governance and Risk management in young Fintech's as part of compliance supplier and partner IT risk assessment has become need of the hour.

Entire security breach event is attributed to basics of onboarding and disengaging service provider which is not followed. 

This may be the first of those steps by reguator for Zero MDR regime on POS in India.

Apart from Security which is essential for wining user's confidence equally, usability is also always paramount for digital services. If more iron clad Clicks and Voice menus options are offered to users, ( Now in Chat bot you get those explorating questions) more the users to get away from using such channels.