Concept Guide
Payments landscape (UPI, cards, wallets)
How India pays: RTGS, NEFT, IMPS and UPI, card networks, wallets, payment aggregators and gateways, and the economics of the MDR.
9 min readRead more
Fintech and digital finance
Payments, digital lending, credit scoring, blockchain, security, and account aggregators.
6 guides. Read in order, or jump to what you need.
Concept Guide
Digital lending models
How digital lending works in India: balance sheet, marketplace and co-lending models, FLDG, the RBI's lending service provider rules and unit economics.
9 min readRead more
Concept Guide
Credit scoring (traditional and alt-data)
How credit scores predict default: CIBIL and other bureau scores, internal scorecards, alternative data for thin-file borrowers, and the risks it brings.
8 min readRead more
Concept Guide
Blockchain and DeFi primer
Blockchain and DeFi in plain terms: distributed ledgers, consensus, smart contracts and tokens, India's digital rupee, regulation and DeFi risks.
8 min readRead more
Concept Guide
Cybersecurity in financial systems
The main cyber threats to banks and markets, from phishing and ransomware to API attacks, and India's RBI, SEBI, CERT-In and DPDP Act rules.
7 min readRead more
Concept Guide
Account aggregators
How India's account aggregator framework lets people share financial data by consent: the roles of FIPs, FIUs and AAs, the consent flow and lending uses.
7 min readRead more