Discover and read the best of Twitter Threads about #BBPS
Most recents (4)
#CashlessConsumer #Policy The Committee of Experts (CoE), led by #KrisGopalakrishnan, released a revised report on the Non-Personal Data (NPD) Framework (NPD Version 2) report on 16 December 2020 static.mygov.in/rest/s3fs-publ… 1/
Payments has seen data governance related regulation since #PaymentsDataLocalisation and data governance (both personal and non-personal data) impacts consumers as much as any other regulation 2/
#CashlessConsumer in the past have expressed strongly on issues of data governance, especially with #BBPS (medium.com/cashlessconsum…) and #FASTag (docs.google.com/document/d/e/2…) 3/ 
#CashlessConsumer Following up on consent-less auto fetch privacy violations in #BBPS
#NPCI's own data shows the practice of building credit profiles continue rampantly completely disregarding user consent & NPCI notice.
medium.com/cashlessconsum…
#NPCI's own data shows the practice of building credit profiles continue rampantly completely disregarding user consent & NPCI notice.
medium.com/cashlessconsum…
In Oct 2018, #CashlessConsumer complained to RBI/NPCI and top fintechs/banks about the privacy abuse in #BBPS for building credit profile database without the consent of individual medium.com/cashlessconsum…
NPCI responded on Nov 1, 2018 with a circular mandating all BBPS ecosystem participants to ensure customer consent for bill fetch and provide opt out of auto fetch provisions and comply with circular in 60 days
bharatbillpay.com/download.php?f…
bharatbillpay.com/download.php?f…
Repeat after me: #FASTag is an asset monitoring technology for the lenders (highway traffic measurement for infrastructure assets & vehicle control -- toll block / geo-fence -- for vehicle loans) masquerading as toll collection technology providing convenience.
Repeat after me: #BBPS is an investment lead generation technology for the lenders (consumption data of utilities for infrastructure for equity investments & family consumption/scoring for household finance) masquerading as bill collection technology providing convenience.
Repeat after me: #GSTN is a trade surveillance technology masquerading as simplified(!!) tax collection technology.
Another story on #PayTech from @TheKenWeb, this time on @BharatBillPay #BBPS and NPCI being a behemoth the-ken.com/story/knock-kn…. Time for thread again, full disclosure I haven't read @tam_arund piece since I dont subscribe.
First up some fact checking on email, tweets. Then some commentary about BBPS, then the larger idea of NPCI being the behemoth, what it means to industry, @CashlessConsumr and the whole data game.
First, commentary on the email from @r0h1n
// Because there’s just no telling when it will decide to become a competitor. //
They are in for it to super control the market, not compete. Even on BHIM in UPI, technically, NPCI is operator, the banks are the players market wise.
// Because there’s just no telling when it will decide to become a competitor. //
They are in for it to super control the market, not compete. Even on BHIM in UPI, technically, NPCI is operator, the banks are the players market wise.
