50p 2018

50p 2018

India's first independent conference on payments and the payment ecosystem

Hemal Kotecha


Design Strategy enabling Real time Payment

Submitted Dec 3, 2017

Digital Payment has taken a fast stride after demonitization and with UPI transactions crossing over 100 Million in November 2017. Merchants, Banks , Service provider and are rushing to adapt change in digital landspace. India and World is gradually moving to Cardless transaction
But, While adaption is taking place there are various parameters that needs to be consider to design a Payment System and also re-invent existing system to achieve high throughput, making it scalable and builing a secure system. A lot of thought process is involved in architecting the system - Both Functional and Non Functional Requirement. The topic discuss about what all Design consideration and Possible Technical solution required to accomplish it


High Level Agenda (would be provide more details soon)
How Real time Payment System works in India

  • Brief Summary of Existing Payment Products in India - Wallet/NEFT/RTGS/AEPs/Aadhar/Credit-Debit Card /IMPS and UPI
  • Transacation Payment Flow and how Settlment Works
    Points to be consider during Architecting a System
  • Interfacing Consideration with Different Systems - Banks , Payment Network (NPCI), Notification Service, Payment Initiation Channnel (Mobile, POS or IoT Devices)
  • Security Consideration - Authoration and Authentication Mechanism , Data Protection in Transmit and in Rest.
    How to address Cyber Attacks
  • Compliance & Regulatory Consideration
  • Scalabling & Performance Consideration
  • User Experience
  • Bussiness Operation Consideration - Quick Resolution of Disputes, Reports , Reconcillation and Settlemt
  • IT Operation - Points to be consider to Manage Infrastructure (Servers, Hardware etc), Deployment Strategy, Application Monitoring, Troubleshooting of Problem and rectification without impacting
  • How to Design API and Few Key notes on OpenAPI
  • System Stability and Troubleshooting - Achieving High Availability , High TPS and Making System Fail Tolerant
  • Adaptibility to Futute Requirement
  • Best Practices in Development

Recommendation of Technology Stack to be considered for Payment Processing

Speaker bio

Served as CTO for fintech Company and have Developed UPI Based Product for Various Banks. Having a in depth knowledge of Payment system have Architected several Digital payment products like Mobile Banking, NEFT/RTGS Interfaces, RuPay EFT Switch, IMPS , Merchant Management, AEPS and Financial Inclusion Solution. Have Strong Technical background of 20 years and have experience in OPen Source Technologies


{{ gettext('Login to leave a comment') }}

{{ gettext('Post a comment…') }}
{{ gettext('New comment') }}
{{ formTitle }}

{{ errorMsg }}

{{ gettext('No comments posted yet') }}

Hosted by

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