The market share cap of 30% has not been instituted yet and the deadline for it has been pushed to Dec 2024. But sources tell me it may never even be enforced. The main reason to bring it was the fear that Whatsapp will runaway with the market when it launched UPI. But since that never took off, the market share cap may never really set in.

Arundhati Ramanathan

Hello Mushtaq, most of the figures in our stories are in Rs and then followed by dollars in brackets, like you pointed out. In a headline it's hard to give both. Also our stories are read by those in SouthEastAsia too, so we need to keep it accessible, universally.

Arundhati Ramanathan

Hello Sashi, we mentioned it is an offer for sale.

Arundhati Ramanathan

Hello Jeevesh, we made a mistake in calling this a survey. We should have been careful there. But it doesn't take away from the research that went into it. These are insights we picked up from speaking to 12 teens, which is a good number of people to talk to for a reported feature piece.

Arundhati Ramanathan

Thanks Sweatha and Shreedhar for your feedback. Writing about M&As and deals need a lot of context. Plus Prosus is an entity that few know about. Without context, just writing distilled insights alone wont make sense to someone who is not clued into these developments. As you maybe aware, as a publication we have to straddle reading interests of someone who is landing on this issue for the first time along with that of a long time TK reader. That said, I know there is always room for improvement so, point taken :)

Arundhati Ramanathan

Hello Nikita, thanks for reading. 1. banks spend at least Rs 3,000-Rs 5,000 on CAC. So while I wont venture a number at what level they become unit eco positive, they need above average spends on this. So think more mid-premium cards. 2. I'm not saying this is a loss-making portfolio, it just doesn't make as much money as the rest. I'm not sure if physical form factor is needed because QR acceptance is nearly ubiquitous. Unless physical card is for some metal show-off value. 3. We should remember that, NPCI will only allow small merchants to not pay MDR. Today most transactions are on large merchants, so they'll continue to pay MDR even on transactions less than Rs 2,000, as they do on any CC today. 4. It's 32%, we rounded it to 30% in the article, and said 'about' for better readability. Hope this helps.

Arundhati Ramanathan

That was a mistake, Srikanth. Apologies. Only payment aggregator license, so far :)

Arundhati Ramanathan

Shreedhar, this is via BharatQR, which allows for payments with your stored cards, wallet or UPI. About your second point, yes UPI was always interoperable, still merchants ended up having multiple QR codes for various reasons. Because of interoperability, it allows banks also to come in and now say, it's just as good as the rest. Hope that helps clarify.

Arundhati Ramanathan

IMHO, I don't think it's the role of the government ever to "move fast and break things." :)

Arundhati Ramanathan

What button would you have clicked, Utkarsh :)

Arundhati Ramanathan

ha! Touche:)

Arundhati Ramanathan

I looked at companies that did their buybacks this year, Chandresh. Pharmeasy had one in 2021.

Arundhati Ramanathan