Gurgaon, India
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Deepak Abbot retweeted
Non-aviation post for a change.
I’ve been thinking deeply about how AI is changing private equity and, from inside the industry, I've also helped drive some of that change. It may not be quite what we think:
moneycontrol.com/news/opinio…
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So @dilipasbe has clarified that even NBFCs collecting EMI can be given MCC 7322 which attracts flat Rs.5. Razorpay and Easebuzz teams are insisting that lenders and financial institutions are given MCC 6012 which has 0.4% MDR. Please clarify @shashank_kr @harshilmathur
Paying 0.4% MDR out of your margins is legitimate as the cost of the convenience that digital payments provide. But paying 0.4% on your own money simply coming back to you makes little economic sense.
NBFCs collecting EMIs through UPI will end up paying MDR not just on the interest they earn, but on the principal being repaid as well. This will make small ticket short tenure loans expensive.
I share my thoughts here and urge NPCI to fix this by moving loan repayments to a flat ₹5 fee moneycontrol.com/news/opinio…
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Paying 0.4% MDR out of your margins is legitimate as the cost of the convenience that digital payments provide. But paying 0.4% on your own money simply coming back to you makes little economic sense.
NBFCs collecting EMIs through UPI will end up paying MDR not just on the interest they earn, but on the principal being repaid as well. This will make small ticket short tenure loans expensive.
I share my thoughts here and urge NPCI to fix this by moving loan repayments to a flat ₹5 fee moneycontrol.com/news/opinio…
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Deepak Abbot retweeted
We are hiring for multiple roles for @DhanHQ growth team 📢
Looking for individuals from startups who understand GTM ops, visual storytelling, and extremely high agency. Prefer candidates who can join immediately or in a month!
Email with proof of work and not only a CV 👇
1. Youtube lead 5+ years exp | write to @rahuldeshpande2 - rahul.deshpande@dhan.co
2. SEO 2-4 years exp | write to ashish.thakur@dhan.co
3. Graphic Designer 2-4 years exp | write to @Sanjeevslr - sanjeev.bawaskar@dhan.co
Add your role in subject line and add hr@dhan.co without fail!
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He sold an appreciating asset to buy a depreciating one. Instead, he could have taken a gold loan, paid just ₹2,500/month approx in interest and invested ₹7,500/month in a recurring deposit. After 24 months, the ₹1.8L loan is closed on RD maturity, the iPhone is his and he still owns the gold which could easily be worth ₹2.2–2.3L by then 🥳
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Thats how its done. Trust @CRED_club to lead the way 🙌
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Super Money, Navi and Cred could potentially expand into merchant acquisition as there is money to be made. May be we see new startups emerging once again in payments space. May be it helps NPCI finally see 33% limit applied on TPA. I share my thoughts here livemint.com/opinion/columns…
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Turns out, this was the charitable version
I find it very difficult to follow this doc. He is doing disservice to his knowledge and power. His rage and insulting style alienate me. If he used the same energy to educate rather than attack, his reach and impact would be 10x. Science deserves better storytelling than rage
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It is perfectly fine to oppose MDR on UPI. But if your argument is that it is a “tax on UPI” collected by the government or somehow part of a US agenda, please spend 2 mins understanding the MDR before politicizing it for the sake of it. (btw I too favor 0% MDR, but my reasons are purely economic :)
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How do you watch Fauda: Mine is choice 1
56%
Hebrew Audio/English Sub
38%
English Audio
6%
Hindi Audio
48 votes • Final results
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Deepak Abbot retweeted
UPI is one of the best product to come out of India BUT Indian fintech ecosystem will really mature when we stop talking about UPI innovation in every forum 🙌
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"The holdup is two people that hate each other" - exactly the kind of remark I would expect @ku1deep to make
REPORTER: "Can you tell us about your conversation with President Putin?"
TRUMP: "We had a great conversation. He is wanting to make a deal — and if Zelensky is wanting to make a deal, that'd be very nice."
REPORTER: "What is the holdup?"
TRUMP: "The holdup is two people that hate each other."
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There is something deeply ironic about this headline. Can't quite figure out. Sir @lcbisu :)
Kuku to build 1,000-member AI team ahead of Rs 3,500 Cr IPO
✍️ @Kunal_POV entrackr.com/news/kuku-to-bu…
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After the online test, which candidate would you choose as Head of Engineering? Candidate A hacked the test backend (but disclosed to the recruiter). Candidate B just attempted like everyone else
66%
A. Scored 90%
34%
B. Scored 70%
122 votes • Final results
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Fixed the graph. CC spends per unique user are not declining but growing (although slowly)
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Crazy WoM for the movie Hanuman Vansh. It picked up suddenly. ₹95cr net collections for a movie made in ₹3cr. That's something. Congrats @filmervishal
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Gurgaon GDP looks like 15% from this pic @Mr__Quickdraw
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