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Unfortunately, this post is very US-specific and completely ignored PSD2 and the concept of Third Party Service Providers (e.g. Payconiq). The whole authentica
by nice__two 7y ago
Unfortunately, this post is very US-specific and completely ignored PSD2 and the concept of Third Party Service Providers (e.g. Payconiq).
The whole authentication scheme based on EIDAS is a shot show, though and really very horrible.
- achow 7y agoTrue. In India UPI (Unified Payment Interface) brought in some sort of revolution in P2P & merchant digital payment transactions. No mention of that. As of March 2019 there are 142 banks live on UPI with a monthly volume of 799.54 million transactions and a value of ₹1.334 trillion (US$19 billion)... https://en.wikipedia.org/wiki/Unified_Payments_Interface https://en.wikipedia.org/wiki/Unified_Payments_Interface
- zt 7y ago(I’m the author and the OP) Agreed! I want to do a much bigger international scan and am working with some colleagues in Europe and Asia. I know a decent amount about open banking and have been gathering my thoughts (I.e. I keep writing and rewriting without finding the right angle) about it more generally. PSD2 is being perused primarily from a compliance perspective rather than a revenue generating perspective.
- os7borne 7y agoHey! I’m from India and investing in the Fintech sector. Would be good to have a chat. Let me know how I can reach you.