Payment Gateways in India
Download as PPTX, PDF•1 like•2,486 views
This document discusses online payment gateways in India. It begins by outlining consumers' main concerns regarding online transactions, such as whether transactions are completed, incomplete, or secure. It then provides details on how transactions are processed and secured using encryption. The document proceeds to evaluate several major payment gateways in India, comparing their setup fees, transaction rates, and other costs. It concludes by discussing the growth of digital payments in India and future developments like RuPay, India's domestic payment network.
Payment Gateways in India
- 1. “E” This single word has changed our World !!!
- 2. Payment Utility E-Governance Online shopping
- 3. Your Biggest FEAR while Transacting ONLINE ! Transaction is COMPLETE. Transaction is INCOMPLETE. Transaction is SECURED.
- 4. How the Transaction is COMPLETED ??
- 5. How the Transaction is INCOMPLETE ?? Insufficient Balance. Wrong Bank details. Your A/C is debited but Order not confirmed, REDIRECTION Unsuccessful due to Poor Internet Connectivity or that ONE ENTITY involved.
- 6. How the Transaction is SECURED ?? Make sure that ONE ENTITY has the following Logo’s. You are using a HTTPS (S for Secured) Protocol and 128 Bit SSL standard for Data Encryption.
- 7. That ONE ENTITY finally
- 8. Major Payment Gateway’s in INDIA
- 10. Payment Gateway It facilitates the transfer of information b/w a point of payment and the front end processor or bank. Advantages • Secured. • Real time validation and processing. • Faster refunds in case of failure of transaction. • Access to reports to the merchant. Disadvantages • Fixed Fee/ month. • Percentage fee / transaction. • Fixed Fee/ transaction. • Privilages of allowing credit card purchases is 1-5% or more.
- 11. Some Interesting STATS … • Indians will spend Rs 1.2 Lakh crore worth of Digital money by the end of 2014, a study by IAMAI & NPCI. • A growth of 40% from 2013. HIGH GROWTH SECTOR
- 12. Challenges in INDIA Success Rate:- only 65% Application process:- Too Cumbersome DEMO Setup:- Unavailability of Demo service 8 step payment flow:- Multiple re-directs usually 8 server hops. After sales service:- Very POOR Mobile Gateway:- NOT OPTIMIZED mobile transition. Security Certificate:- VERY EXPENSIVE security certificates from VERISIGN(Net Authentication Agency)
- 13. Comparison b/w Payment Gateway’s PAYZIPPY Setup Fee (Rs) 0 Debit Card 0.75% for value < Rs. 2000 1% for value > Rs. 2000 Netbanking 3.5% for Value between Rs. 0-5 lakhs. Credit Card 3.5% for value between Rs. 0-5 lakhs. American Express 3.50% International Credit Card 1.5% over and above domestic credit card pricing AMC (Rs) 0 PayU India Setup Fee (Rs) 6000 Debit Card 0.75% for value < Rs.2000 1% for value > Rs.2000 Netbanking 4.90% Credit Card 4.90% American Express 4.90% EMI 4.90% Cash Card 4.90% Release on Delivery (COD) 2.90% AMC (Rs) 2400
- 14. Comparison b/w Payment Gateway’s cont’d … CCAVENUE Setup Fee (Rs) 0 Debit Card 1.25% Netbanking 4% Credit Card 3.50% American Express / JCB 5% Cash Card 5% CC Avenue Phone Pay 0.5% + Above TDR AUSC/AMC (Rs) 1200 (from 2nd year) EBS Setup Fee (Rs) 12000 Debit Card 3% Netbanking 4% Credit Card 4% American Express/JCB/Diners 5% EMI NA MMC (Rs) 600
- 15. Enhanced Gateway Services !! • PAYZIPPY by FLIPKART • PayUMoney by PayU (Prepaid Wallet Service) With enhanced features such as Email Invoicing , Free webstore, Free Webfronts, Tracking Settlements, Ease of Integration etc… Further Discounts for Buyers
- 16. Future of India… • RuPay, India's own payment gateway , 7th Payment Gateway in the World launched on 7th May’14. Set up by the National Payments Corporation of India. RuPay will also facilitate ATM withdrawals, payments at merchant outlets and online purchases. Benefits:- Lower Transaction Costs, Highly Customized & Data Protection.
- 17. About Me • Technology Analyst @ Technoingg (http://technoingg.wordpress.com/) • Certified Oracle DBA Level 2 (OCP). • Certified RedHat System Admin in Linux Level 2 (RHCE). • Certified by IBM in Big Data Analytics and HADOOP. • Certified by EXIN in ITIL Foundation. • Certified Ethical Hacker(CEH) from EC-Council in V.7 • Certified by Udemy in Social Media Marketing, Google Analytics and SEO. Social Connect @ • Facebook:- https://www.facebook.com/gera.mudit • Linkedin:- http://in.linkedin.com/pub/mudit-gera/39/38b/a8a/ • Twitter:- https://twitter.com/GeraMudit