50p 2017

50p 2017

A conference about India's digital payments ecosystem.

Deepak Shenoy


Payments and Investments: The Banks Hate It But Other People Give Better Returns

Submitted Jan 17, 2017

When you want to pay for an investment of any sort - from a fixed deposit to a PPF to a mutual fund - the idea is: Give them a cheque. But there’s a lot more brewing in there - you can now buy products online, use NEFT/RTGS or even use UPI. Paying to invest means a substantially lower fee (no mutual fund will pay 2% to take your money to invest) and a transaction that can both identify you (are you who you say you are?) and process the payment fast. A quick review of that ecosystem.

Secondly, you can now use your investments to pay. Bitcoin is an example, but now you can use mutual funds with an ATM card and so on. Developments in this space threaten banks as payment monopolies, we explore how.


  • 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.

Speaker bio

Deepak Shenoy co-founded Capitalmind, where he analyzes markets and macroeconomics for customers in India. He lives in Bangalore, and enjoys his weekends with his kids.


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50p, formerly an annual conference held in 2017 and 2018 on digital payments - is turning into round-the-year forum for conversations and collaborations on the #payments ecosystem, and associated #fintech topics. Follow 50p on Twitter. more