Fintech News Bytes

Uday Kotak steps down as MD and CEO of Kotak Mahindra Bank .

Check out this post from finforall:
https://www.instagram.com/p/CwsqNkfSd_e/?utm_source=ig_web_copy_link&igshid=MzRlODBiNWFlZA==

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Paytm introduces Card Soundbox, enabling acceptance of mobile and card payments. :fire:

“Merchants don’t want too many devices crowding the counter. There was a need for a consolidated device. We were able to identify that need and design a device that is a simple and easily scalable solution that enables merchants to accept both mobile and card payments,” says Ripunjai Gaur, Chief Business Officer, Offline payments, Paytm.

Paytm Card Soundbox demo: https://www.youtube.com/live/N87R8ne4XLA?si=B2DVr-2rl1is5mWg&t=27m40s

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This is interesting news.

I understand that most people don’t trust Paytm because of it’s Chinese connection (which is over now for the most part).

But I am rooting for Paytm.

Also you can’t completely avoid Paytm anyways.

How do you enter the amount :thinking:

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I am guessing it should have a keypad on the backside. :thinking:

POS is your mobile
Amount should be entered in the mobile app
In future, they will launch with the number pad too.

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Fold money started giving out invites to their app in beta. It is basically Jupiter money section with more controls over individual transactions.

You can upload bills , add merchant to transaction (feels like merchant info is getting fetched from Google map), add notes etc to a single transaction or in a bulk…

Account aggregator currently supports few banks (even SBI or kotak is not there). It is an app in testing.

Invites are dropped in their Twitter and discord channel.

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‘Mini’ by Pine Labs
@Aswin_Benny , the keypad is on the backside + can scan QR code

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Another Big News !!!

The newer models will have a keypad to enter the amount. Demo here https://www.youtube.com/live/N87R8ne4XLA?si=B2DVr-2rl1is5mWg&t=27m40s

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Their ATM is the nearest ATM to my house. I see very rarely people using it…May be due to their withdrawal fees. Even I use it only for emergency situations

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UPI LiteX and Credit line on UPI :fire:

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OneCard also launched their Rupay varient CC.

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It’s RuPay everywhere, and it’s great to see that every bank is now focusing on Rupay Credit Card on UPI, which is increasing day by day.

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The reason behind push for Rupay CC is the volume of transactions on UPI through Rupay CC.

Practically, you can spend your entire monthly expenditure using Rupay CC through UPI.

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Is there any option to apply for this specific variant ?

I think it’s not live yet

It seems that OneCard now going to introduce the FD based card on the RuPay network as well.

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