One different note
Something resembling a digital pass. One displays a QR code on his mobile device; the conductor places his machine above the QR to read it; and the validity of the pass is reduced by one ticket.
Travelyaari is piloting this.
UPI Limit increase for per day transaction and their is no limit for per transaction.
Already there in Bangalore. It’s called Tummoc. There are two options to verify pass.
1st is similar to what you have said they use Pine Labs machine to verify the pass and phone displays the qr code. But instead of only numbered rides in Bangalore a daily pass can be used unlimited times for one day. There are also weekly and monthly passes.
2nd is you scan a qr code stuck on bus window. It will show a prompt on your phone telling that the ticket is valid. The conductor can see that and press ok to see if the prompt is ligit.
The thing is most conductors don’t know/use 1st method so I have only seen people use the 2nd method. It works decently in medium crowded busses but when it’s heavily crowded it becomes hard to scan as the qr code is usually only stuck in 2 places.
I’ve seen the second option. But hardly anyone uses it. Even in empty buses.
The first one is news to me. Thanks for sharing.
I have never seen 1at method myself but I know it exists because their pine labs machine has camera and when we buy pass we can generate qr code. You can see a demonstration here - https://youtu.be/NUpfrpDZkhU?si=qJtFA8wDSMF7_6lj.
The Chalo app works in the same way as the first method
Couple of years back, most probably 2018/19… i used to book Kolkata daily commuters govt bus ticket via chalo app… completely digital process & bus conductor easily used to accept that
Tension among Indian market
Ok so for those who are curious to know how this works seamlessly you can see how Chalo has transformed bus ticket purchases for Mumbai (and probably other cities as well).
As a bus passenger you can see the ETA of the bus in the Chalo app and book a ticket which is validated by the conductor with a handheld machine via NFC or QR code scanning. Even if the ETA of the bus is not visible no matter how crowded the bus is the conductor validates each ticket effortlessly.
Optionally Chalo has even introduced their cards which can be preloaded with balance and used in buses. NCMC cards work too.
UPI tickets are a game changer and I have observed 70 to 80% people on the route I take, buy online tickets.
@anjannair Great! I would like to see it in action. Thanks for sharing that.
NFC is a pretty good way to pay for tickets in buses.
That’s a good news for Indian financial sector. Northeast Small Finance Bank has a vast branch network throughout Northeast India and West Bengal. However, they lack recent digital technology. The merger will help them acquire new technology for savings accounts, credit cards, etc. Slice can also now introduce credit cards on their own. So, it’s a win-win situation for both.
Distribution 
Tech Additional Target Market Books 
Interesting times with clear cut debt-raise in future.
I just saw the captable and esop pool is north of 20%. Someone is going to get rewarded [I should say awarded] heavily and generously.
It’s even reported by Techcrunch. It highlights the rarity of getting the green signal from RBI - “Indian fintech unicorn Slice secures rare approval to merge with bank”.
Is this scam ? What do you think?
The app is not a scam. It helps you choose a suitable savings account from among many options. It also provides descriptions where all services, charges, and account opening steps are clearly mentioned. The platform may earn some money through advertisement and referral bonuses.
"Signzy deploys APIs to detect and prevent digital frauds occuring in the digital ecosystem while ensuring the companies are in compliance with regulations. The company works with more than 250 financial institutions globally, including four largest banks in India, top three acquiring banks in the US as well as in partnership with Microsoft and Mastercard. The company has also filed eight patents in the US and nine in India so far.
Signzy has been recognized for its robust No code low code technology and more than 240 APIs that help banks and financial institutions, apart from fintech, gaming, and e-commerce businesses to combat cyber threats and ensure regulatory compliance within the digital ecosystem.
The CB Insights research team sifted through over 19,000 private companies to select the final 100, evaluating them on a range of factors such as equity funding, market potential, and technological innovation, among others. The research team also reviewed thousands of Analyst Briefings submitted by applicants."
I am trying to find the other Indian company. Not successful so far…
