This event has been indefinitely postponed. The original description is below.
The friction of digital payments has become a challenge to scaling technology businesses in India. While some ecommerce companies have adopted cash payments, others have implemented elegant techniques of absorbing credit card information at the user account level.
Yet, drop rates remain stubbornly high, adoption of electronic payments remains poor, opening merchant accounts appears mired in labyrinthine processes and subscription payments remain largely closed.
PayStation hopes to bring together engineers and technologists for new ideas and fresh perspectives in resolving these challenges in India’s payments’ infrastructure. If you’d like to share your experience or work in online, mobile or alternate payments, or in fact if you’ve worked on developing secure and safe payments infrastructure, go ahead and propose a session below!
AS
Adethya Sudarsanan
@adethyasjce
Piggy Card – an IT perspective to revitalize domestic economy
Submitted Oct 12, 2012
Section:
Alternate Payments
Technical level:
Intermediate
Session type:
Discussion
An interesting insight into revolutionizing monetary transactions and help preserve casual change that occurs a part of every petty trade.
Outline
The session is conceptualised on the technical and software backdrop of India and its IT working population. The idea is to collect the casual or loose change that results in a monetary transaction.
The places where causal changes are more likely to occur are grocery vendors, milk stations, and super markets, railway ticketing centres, markets, medical stores, public convenience centres, and shops near school zone where students are the majority among customers.
The loose change which is often neglected or used for unwanted expenses, can be saved completely and over a period of time it can be used to exercise small commercial activities.
The proposed idea is to create a money savings methodology which along with IT intervention can take a form of software to help common people save money.
Requirements
An open mind to discuss, debate and appreciate technology & money!
Speaker bio
Adethya Sudarsanan, 23, works for a MNC headquartered in the United States of America. His job involves mobility based concepts and he works a mobile applications tester. He is also a part of the research & development wing which focusses on mobile phones & mobility applications. The author is based out of Chennai and is an active Wikipedian!
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