IGIDR-Paypal roundtable on competition in the payments industry

14th June, 2017
Salon Pompadour, Sofitel, Mumbai.

The retail payments industry has seen the entry of several participants, particularly as technology became cheaper and could be used as an integral element of enabling faster and cheaper payments for transactions. Competition in the retail payments market comes in the form of participation from non-bank entities such as FinTech start-ups, telecom providers, e-commerce providers. However, in India new entrants face several limitations through policy constraints. These constraints have been highlighted in the reports of various committees, including the "Committee on Digital Payments" (Ministry of Finance, 2016) and "Financial Sector Legislative Reforms Commission" (Government of India, 2011). The objective of this roundtable, is to bring together group of policy makers, payment systems participants and academics to discuss policy constraints that hamper competition in the retail payments space, with a view to identify and prioritise solutions to removing or reducing these.


09:00 - 09:45 Registration, Tea and Coffee
09:50 - 10:00 Payments competition and innovation: setting the context
Susan Thomas, FRG, IGIDR
10:00 - 10:30 Summary of recommendations of committees on payments [presentation]
Chetna Batra, FRG, IGIDR
10:30 - 11:00 Interoperability and open access [presentation]
Ashish Aggarwal, NIPFP
11:00 - 11:30 Consumer Protection and Competition [presentation]
Amol Kulkarni, CUTS International
11:30 - 12:00 RBI's PPI guidelines [presentation]
Bhargavi Zaveri, FRG, IGIDR
12:00 13:00 Panel Discussion: Making payments competitive and spurring innovation
Susan Thomas, FRG, IGIDR (Moderator)
Dilip Asbe, NPCI
Naveen Surya, ITZCASH
Vinay Baijal, Ex-RBI
Nandan Kumar, CCI
Bharat Budholia, Cyril Amarchand Mangaldas
Nath Parameshwaran, PayPal
13:00 - 13:15 Closing remarks
Susan Thomas, FRG, IGIDR
13:15 - 14:00 Lunch