The Watal Committee on digital payments (pdf), constituted by the Indian governments Ministry of Finance, has recommended that telecom operators be allowed Direct Carrier Billing for low value transactions be allowed in a "sandbox environment", with light touch regulation, open to regular evaluation. A sandbox environment, according to the report, allows these technologies to operate under a limited license, for the purpose of evaluating the feasibility of the business model, and its likely risks, so that these can be used to make adjustments to a regulatory framework. The report states: "The Committee recommends that telecom companies be permitted to roll out DCB Payment model within the telecom entity for all low value payments. The threshhold may be defined by RBI in consultation with TRAI and reviewed periodically." Direct Carrier Billing is when a user can use their mobile operator to make payments: in case of a mobile prepaid user (which is most of India's connections), they can make the money remaining in their prepaid balance to make the payment. In this case, the telecom operator treats remaining balance as being in a mobile wallet. In case of post-paid, the payment is added to their mobile bill. In this case, the telecom operator treats payments in a manner similar to a credit card payment process. Regulatory ambiguity regarding Direct Carrier Billing Carrier Billing has been around for years, with businesses like Fortumo, Boku and VerSe, among others offering consumers the ability to pay with their mobile balance; the Watal Commitee report…
- “Foreign state actor” may be responsible for the ransomware attack on AIIMS-Delhi: Report December 3, 2022
- Agenda: Reworking The Data Protection Bill, Delhi, 8th Dec #Ad December 3, 2022
- Why has the deadline to comply with UPI market share cap been extended by the NPCI? December 3, 2022
- India’s IT Minister on DPDP Bill: Law should be kept ‘simple’, subordinate rules won’t exceed Act December 3, 2022
- MIB approves ninth self regulatory body, PADMA, under the IT Rules, 2021 December 3, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...