50p 2017 - A conference on India's digital payment ecosystem

71 key contributors on social media

HasGeek is organizing a new conference on the payments landscape, aiming to bridge the gap between developers and business, merchants and consumers, and banks and regulators. Come, learn and share.

We have contextually curated the conversations from social media about 50p payments conference here.

More info @ https://50p.in/2017/

image credit: @50pConf

ps: This content is curated by eChai team from public posts on social media platforms. In case if you have any queries, then email us at [email protected].

Speakers & Moderators

Pre-Event Buzz

Introduction to 50p

Payment Gateway - All you need to know! by Yadvendra Tyagi, PayU

Everything you need to know about online payments and payment gateways. What is a payment gateway? How does it work? Covering about payment gateway from beginner to advanced level.

Why is UPI a pivotal moment for India? by Rahul Chari, PhonePe

The Path to Innovate in Banking by Anoop Sankar, Chillr

The talk would be about how user expectations are fast changing and how tech startups could be great partners to the banking behemoths in winning over customers and in the process create win-win situations. The experience of Chillr having worked with a dozen odd banks and processing millions of transactions every month will help us present a frist-hand view of things in a startup’s language.

Let's Break It Down: The Watal Committee Report by Malavika Raghavan, IFMR

We’ll briefly present some of the Committee’s rationale & thinking as set out in the text of the report, and conduct a whistle stop tour of the 13 recommendations made.

#CashlessConsumer - UPI & Beyond - How communities can help consumer? by Srikanth Lakshmanan, CashlessConsumer

How can technical folks help #CashlessConsumer. CashlessConsumer is a bunch of digital payment enthusiasts who are also concious about their rights both as consumers, citizens interested in contributing their 2 paise for a better cashless tech with technical inputs from consumer perspective.

Building a distributed payment system to handle scale by Mahesh Lal, GO-JEK

1) Brief about GoJek and GoPay
2) Idempotent systems and how they can help
3) Designing eventually consistent payment systems.
4) Building fault tolerance using circuit breakers
5) Achieving performance using gRPC

Bitcoin and Blockchain overview by VivekOMON, CoinSecure

Bitcoin - The Rise Of A Digital Currency Era
Blockchain - The Distributed Ledger
⇨ What is Blockchain? ⇨ How does the Blockchain work? ⇨ Types of Blockchain?
Smart Contracts
Blockchain Implementations - Ethereum, HyperLedger etc
Blockchain Development Platforms (Smart contract demo)
Applications of Blockchain
⇨ Financial ⇨ Non Financial
“SkyNet is the future”

Enabling Secure Web Payments with GNU Taler by Florian Dold, GNU Taler

Slides are available at https://fdold.eu/taler-comprehensive.pdf

Birds of a Feather (BOF) session on United Payment Interface (UPI) : Facilitated By Srikanth Lakshman And Abhay Rana

This Birds of a Feather (BOF) session will touch upon issues surrounding the technology and future of UPI:
1. Who has access to UPI APIs? Why is access not public?
2. If payments is a function of API calls and operating backends, why not community based PSPs powered by FOSS along the lines of cooperative banks?
3. UPI is mobile first. When is it coming to desktop / web? Can it cater to online micro-payments market? Can we have flatter clones using UPI?
4. Where does Android Pay, Apple Pay, Samsung Pay, MiPay fit in within UPI ecosystem? Will UPI depend on devices at all in future? Possible hardware innovations alongside UPI?
5. Centralization of transaction data at NPCI is a risk. Can PSPs use / sell transaction data to profile customers? Would this lead to predatory lending? How should PSPs be regulated around data, privacy?

Whose data is it anyway? Open questions in law, policy and regulation for customers making digital payments by Malavika Raghavan, IFMR

Structure of the talk:
1. The legal landscape: An overview of the law & regulation in India affecting digital payments and related data
2. Risks for you and me: Highlighting some customer-level risks in the current scenario
3. Open questions: Unanswered questions in today’s scenario
We will welcome audience brainstorming about what the answers to the unanswered questions should be at the end of the talk.

Birds of a Feather (BOF) session: Transport and Payments : Facilitated By Bhasker Kode, Srinivas Kodali, Abhishek Poddar, Avinash Eratapalli

At this Birds of a Feather (BOF) session, we will discuss the following:
1. Trends in how consumers are paying for their travel.
2. Payment infrastructure and acceptance across roads, tolls, petrol pumps, parking, other services and insurance.
3. Bottlenecks and opportunities towards a cashless and seamless payment experience for consumers and other stakeholders in transport.

Privacy and Data Protection : It's all about trust. by Rahul Matthan, Trilegal

A short background on privacy and data protection : Why does business naturally oppose it ?
Customer expectations around data are changing
Privacy and data protection features which build trust and help bussinesses
Product solutions remain incomplete solutions : caveats that technology cannot provide the certainty of law
Co-regulatory frameworks in which bussinesses are stakeholders in policy choices and forming brightline rules

Day 1 : Event Buzz

Knowledge Resources

Where is open data in payments? How do I analyze it? : James Wilson, Member Of Mullaperiyar Special Cell, Government Of Kerala

Following demonetization, several individuals and organizations started making use of the data available to them, or the data they could access, to explain trends and show truths from the ground. I made one such effort. I accessed data from government websites and analyzed it to explain issues surrounding demonetization.
Through this talk, I intend to explain what is the scope for individuals and collectives to access public data in payments, where does it exist and how best to analyze and disseminate this data.

Security Horror Stories in Payments by Abhay Rana, Razorpay

Things this talk will cover:
Broken crypto code in many payment gateways
Horror stories we’ve seen from various banks
How convoluted security is at various banks and organizations
This is a flashtalk, and is slightly more focused towards people working with banks/payments/developers. I’ll be showing example code that should point out both the obvious and not-so-obvious mistakes that organizations make when it comes to security. The primary takeaways from the talk are fairly simple: Don’t roll your own crypto.
Unfortunately, this golden rule is broken on a daily basis by almost everyone in the industry.

Everyone can see your credit card details. Seriously. by Arnav Gupta, Coding Blocks

How are payments in mobile apps integrated these days :
A startup builds an app (which doesn’t have basic security measures, saves keys in unencrypted flatfiles)
They need to add payments wihtin 2 days . . so let’s use an SDK - Razorpay/Paytm/Zaakpay etc
Use the SDK like a black box, just feeding it an API key
The SDK uses a payment method like Freecharge/PayU/Paytm
The Payment Wallet uses a payment fullfilment service like Juspay, Citrus
That uses a bank gateway like ICICI/Citibank
Oh wait, where does the app run ? Android.
OEM has access to Android base classes and the runtime. Most OEMs are known to spy on users, some have virii.
User’s phone could be rooted, have xPosed installed, could be using a VPN.
The list just goes on, for all the places from where the details could leak. The OEM can sniff any text entered or displayed in an app.If not the OEM, on a rooted app, anyone else can reflect into your Java classes and sniff data. The SDK can monitor the payment details. The payment fullfilment service works via a Webview, and they can too.
How compromised are we exactly when we pay using our cards/netbanking when buying that delicious chicken wrap from the latest food startup’s app ?

Navigating regulations: Paytm's experience as Wallet and Payment Bank by Prerna Kalra, Paytm

While demonetization upsurged digital payments, real test of our products will be when merchants and consumers continue to embrace their choice even when cash-supply stabilizes. If we are aiming to outdistance cash payment, we will have to build convenient, secure and stable products to win consumer’s trust and still be least costly product for merchant and give maximum ancillary benefits for their business.
In my talk I will try to answer few of these questions:
How do we deliver best payment product yet understanding and abiding by regulation How do we find our way when both payment infrastructure and acquirers/partners are not catching up to your pace

Building payment solutions for brick-and-mortar: by Yeswanth S, WalkIn

) How did we build a proximity payment solution that solves for security, ease of convenience and user choice?

2) How to handle payments when the POS (Point of Sales) is offline?

3) What challenges we faced and how did we solve these?

4) What to consider when building for your own proximity payment solution?

Payment Instruments - cards at the till and online : Fareed Jawad, FreeCharge

Typical payment instruments. Interactions at POS devices. Special use cases where time is of the essence. Relook at authorizations - are they always necessary. Is there a case of local store of value for sub 1-s interactions. Can I leave my wallet at home and just carry my mobile? Challenges and opportunities with new payment modes - UPI, Wallets, Prepaid cards (virtual and physical). Interactions around sound, magnetic loop induction and other contact less modes. Questions.

Birds of a Feather Session (BOF) on Security : Facilitated By Abhay Rana, Arnav Gupta, Ramki Gaddipati, CNB

Given the popularity and usage of wallets, credit and debit cards, Netbanking, IMPS, NEFT (and the upcoming UPI, AEPS), what are the key security challenges and concerns?
The goal of this Birds of a Feather (BOF) session is primarily how to take a preventive approach to security, as against a reactive approach.
This session will cover the following:
1. Concrete steps to take in order to secure transactions and data on cards, wallets, Netbanking, IMPS and NEFT.
2. Mapping various stakeholders in these payment networks to understand which parts are most vulnerable and why.
3. In what instances are security threats and attacks beyond control? For e.g., the debit card PIN security hazard in October 2016.
4. What resources and support groups are available to reach out to for securing your payment products, startups and platforms?

Payments Landscape of Smart Cities by Srinivas Kodali

The talk is gonna primarily look into architecture of digital fare standards for public transport (National Common Mobility Card) and National Electronic Toll collections (Fastag).
Business models and opportunities, regulatory and procurement barriers for startups in this space.
It will also look into current practices of parking offences collection by traffic police and utility bill payments, the future scope of it.

How UPI and banking APIs are changing the brokerage industry. : by Satyajit Sarangi, Zerodha

Problems with NEFT and dealing with large payments.
Hacks written by us to deal with IMPS.
The change brought about by UPI and banking APIs.
Why we need more, and how.

Payments and Investments: The Banks Hate It But Other People Give Better Returns: by Deepak Shenoy, Capitalmind

How do you pay for investments?
The old bias for cheques: because they are free.
Other ways to invest: Online, ECS/NACH, Electronic Transfers and UPI
Why credit cards are a no-no for investing in India
Investing to pay: Get a better return than a savings account, while making payments with a card
Where This Will Go.

Science And The Art of Improving Payment Conversion: Arunkumar S Jadhav, HackerEarth

1) Motivation: Impact of payment funnel on cohorts and customer retention rates.
2) Survey of the current payment experience landscape.
3) Factors that influence funnel conversion; product, design and technology.
4) Deep dive into each of the above areas (Product, Design and Technology).
5) Card store service.
6) Fraud prevention system.
5) A few unconventional ideas.
6) Concluding remarks and predicting the future :-)

Birds of a Feather (BOF) session on Point of Sale (POS): online opportunities, offline challenges: Facilitated By Akash Gehani, Chaitra Sadanand, Raj Subramanian, Yeswanth S

With transactions and commerce increasingly moving to the digital world, how should we reconfigure our undertanding of POS? This Birds of a Feather (BOF) session looks at online opportunities and offline challenges pertaining to POS.
What innovations are happening with POS in the online and offline world?
What are the typical pain points that we are trying to solve for merchants and customers?
How is software / tech building on the existing networks of trust and credit that already exist between users and merchants?

Unified check out experience at web scale using Web Payment API: Gandhi Kishor Addanki, Samsung

Present web check out experience & problems
What Payment Request API provides ?
Demo of check out experience with Payment Request API
Benefits to end users, merchants & payment gateway providers
Future coverage
Challenges for wide adoption

Flash talks

Day 2: Event Buzz

Speakers & Moderators (17) Pre-Event Buzz (10) Introduction to 50p (3) Payment Gateway - All you need to know! by Yadvendra Tyagi, PayU (8) Why is UPI a pivotal moment for India? by Rahul Chari, PhonePe (25) The Path to Innovate in Banking by Anoop Sankar, Chillr (5) Let's Break It Down: The Watal Committee Report by Malavika Raghavan, IFMR (7) #CashlessConsumer - UPI & Beyond - How communities can help consumer? by Srikanth Lakshmanan, CashlessConsumer (37) Building a distributed payment system to handle scale by Mahesh Lal, GO-JEK (1) Bitcoin and Blockchain overview by VivekOMON, CoinSecure (10) Enabling Secure Web Payments with GNU Taler by Florian Dold, GNU Taler (9) Birds of a Feather (BOF) session on United Payment Interface (UPI) : Facilitated By Srikanth Lakshman And Abhay Rana (4) Whose data is it anyway? Open questions in law, policy and regulation for customers making digital payments by Malavika Raghavan, IFMR (5) Birds of a Feather (BOF) session: Transport and Payments : Facilitated By Bhasker Kode, Srinivas Kodali, Abhishek Poddar, Avinash Eratapalli (1) Privacy and Data Protection : It's all about trust. by Rahul Matthan, Trilegal (9) Day 1 : Event Buzz (41) Knowledge Resources (4) Where is open data in payments? How do I analyze it? : James Wilson, Member Of Mullaperiyar Special Cell, Government Of Kerala (15) Security Horror Stories in Payments by Abhay Rana, Razorpay (8) Everyone can see your credit card details. Seriously. by Arnav Gupta, Coding Blocks (16) Navigating regulations: Paytm's experience as Wallet and Payment Bank by Prerna Kalra, Paytm (12) Building payment solutions for brick-and-mortar: by Yeswanth S, WalkIn (3) Payment Instruments - cards at the till and online : Fareed Jawad, FreeCharge (1) Birds of a Feather Session (BOF) on Security : Facilitated By Abhay Rana, Arnav Gupta, Ramki Gaddipati, CNB (2) Payments Landscape of Smart Cities by Srinivas Kodali (0) How UPI and banking APIs are changing the brokerage industry. : by Satyajit Sarangi, Zerodha (5) Payments and Investments: The Banks Hate It But Other People Give Better Returns: by Deepak Shenoy, Capitalmind (3) Science And The Art of Improving Payment Conversion: Arunkumar S Jadhav, HackerEarth (2) Birds of a Feather (BOF) session on Point of Sale (POS): online opportunities, offline challenges: Facilitated By Akash Gehani, Chaitra Sadanand, Raj Subramanian, Yeswanth S (12) Unified check out experience at web scale using Web Payment API: Gandhi Kishor Addanki, Samsung (3) Flash talks (2) Day 2: Event Buzz (25) How do I have a payment gateaway which automatically accepts currency in any unit globally. E.g. People pay in dollars and that eventually is received in Rs? So that I don't have to have multiple payment subtypes (0)