tag:blogger.com,1999:blog-19649274.post4365109636946024073..comments2024-03-19T12:52:03.531+05:30Comments on The Leap Blog: A critique of RBI's proposal to regulate pre-paid payment instruments in IndiaAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19649274.post-24804847771022913542017-06-29T21:48:22.412+05:302017-06-29T21:48:22.412+05:30PPIs are permitted to integrate with imps . The sa...PPIs are permitted to integrate with imps . The same is sufficient given the value and volume associated with PPI Biz ( average ticket size is small and large volumes)<br />The real issue in PPI in india is cash backs . It should not be permitted. It is desirable to have positive networth for PPI linked with size of its business given that public money is involvedAnonymoushttps://www.blogger.com/profile/11037000588860877365noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-66217983932459411542017-05-05T11:22:09.045+05:302017-05-05T11:22:09.045+05:30The common attribute between RTGS, NEFT and IMPS i...The common attribute between RTGS, NEFT and IMPS is that neither of them are accessible to non-bank PPIs. Hence, they have been grouped together. Our understanding is that the regulations governing access to inter-bank settlement systems do not allow access to any entity other than banks and some other financial market infrastructure institutions. See, for instance, the RTGS Access criteria (including the recent circular issued in Jan 2017). Also, agreed that it is important to separate the ownership, management and usage rights of settlement systems. This is akin to the demutualisation and corporatisation that was forced upon stock exchanges in 2004. <br /> Bhargavihttps://www.blogger.com/profile/07579522239694895124noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-71494781975938857672017-05-03T10:16:23.986+05:302017-05-03T10:16:23.986+05:30//Access to RTGS, NEFT and IMPS// Incorrect to gro...//Access to RTGS, NEFT and IMPS// Incorrect to group these 3 together. First two are offered by central bank, IMPS by pvt settlement agency.<br /><br />Monopoly of instant settlement system run by bank funded agency is making interchangeability a challenge for non-banks in getting access. Wondering if @RBI has approved guidelines for starting interbank settlement agency / clearing house. @swiftcommunity might be interested. For a consumer friendly settlement system,aside from a regulatory based approach,networks should also be owned/represented by consumer orgsCashlessconsumerhttp://twitter.com/CashlessConsumrnoreply@blogger.com