Hacker News new | ask | show | jobs
by nice__two 2596 days ago
Unfortunately, this post is very US-specific and completely ignored PSD2 and the concept of Third Party Service Providers (e.g. Payconiq).

The whole authentication scheme based on EIDAS is a shot show, though and really very horrible.
2 comments
achow 2596 days ago
True.

In India UPI (Unified Payment Interface) brought in some sort of revolution in P2P & merchant digital payment transactions. No mention of that.

As of March 2019 there are 142 banks live on UPI with a monthly volume of 799.54 million transactions and a value of ₹1.334 trillion (US$19 billion)... https://en.wikipedia.org/wiki/Unified_Payments_Interface

link
zt 2596 days ago
(I’m the author and the OP)

Agreed! I want to do a much bigger international scan and am working with some colleagues in Europe and Asia.

I know a decent amount about open banking and have been gathering my thoughts (I.e. I keep writing and rewriting without finding the right angle) about it more generally. PSD2 is being perused primarily from a compliance perspective rather than a revenue generating perspective.

link
os7borne 2596 days ago
Hey! I’m from India and investing in the Fintech sector. Would be good to have a chat. Let me know how I can reach you.
link