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Payments Landscape of Smart Cities
There has been a lot of talk about smart cities in India without any tangible output on ground. As part of the mission every city government is considering unified payment systems through a common city card across the city from public transport to utility bill payments. While the business oppurtunity exists, the industry is full of barriers from starting to deal with governments, dominating banking industry, lack of standards and regulatory compliances. The talk is going to look into some of the important developments in this space.
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.
Srinivas Kodali is a civil engineer, interdisciplinary researcher working on cities, data and internet. He currently runs a open data startup Open Stats(https://www.openstatistics.in/) based in Hyderabad.