Auth n Capture: Introduction to India’s Digital Payments Ecosystem

FinTech, especially digital payments, is a fascinating space. More than trillion dollars’ worth of digital payments are done, and we are ‘just getting started’. Online payments space is attractive and intriguing to many. A young graduate wants to build a career in this domain, a user wants to know how payments are done and a merchant wants to know the processes.

Just like India, full of diversity, even India’s payments ecosystem is full of different types of payment instruments, payment service providers, and solutions that adhere to complex processes while getting constantly shaped and re-shaped by Government, RBI, new business models, and other market forces.

One can refer RBI website or read Visa documents or NPCI’s product specs to learn. But those documents are far too technical and loaded with heavy jargons. The blogs of the FinTech companies are more like sales pitches than giving neutral understanding about the topic.

How can one go about learning about this domain?

I had that question when I started my career in FinTech. Over the years, I learnt from others and from experience. Based on my learnings, I started a blog ‘Auth n Capture’. After more than 2 years and ~60 articles later, here I am writing this book.

This book is a beginner’s guide for FinTech enthusiasts and professionals to understand the basics of India’s payments ecosystems.