Building Fintech & @PineLabs. All investments thru White Venture Cap. CEO/Co-founder Citrus Pay, PayU, FDC. Squash father...Seen a million balls hit the wall.
Joined November 2013
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In a startup, the new team member:
-joins the founder, not the company
-joins the mission, not the business
-joins the value, not the valuation.
Treat them well and you will have the culture of your startup..
Amrish Rau retweeted
made an agent that books your saturday pickleball (and pretty much any other scarce venue/event) so i don't have to chase 3 people on whatsapp
it asks everyone privately. you tap to confirm, add schedule constraints, or skip, and nobody sees who is ditching
everyone who's in approves a token amount to hold the spot. so if someone flakes the whole thing is called off and nobody's charged a rupee
if all say yes, it enters a draw among everyone trying to get that slot
if you’re too lazy to type it can even do voice notes, we truly live in an age of luxury
get your qr pass, a calendar invite and a leave-by time, and barely lift a cognitive finger
@PineLabs agenticorg build, live telegram demo below
#PineLabsAgenticOrg #TheGreatRewiring
Amrish Rau retweeted
built chabi on @PineLabs agenticorg: a whatsapp agent for nri landlords whose flat manager quits. one hinglish voice note from abroad and it cuts his access, books the key pickup, tells tenant and plumber, and refuses him the tenant's number. #PineLabsAgenticOrg #TheGreatRewiring
If Tech gets used as leverage in trade wars, this is likely to happen more.
Blaming it on oligarchs is changing narrative.
Telecom is matter of sovereign security.
Amrish Rau retweeted
SEEN THIS TODAY IN STAR BAZAAR.
Not surprised if we start seeing similar hoardings across malls and retail shops.
Either you don’t accept UPI — your competitor will.
@amrishrau
Yesterday was the UPI Protest day. It was also holiday - Bapu’s birthday 🙏
We did a Friday over Friday analysis across our merchants. Online and Offline.
UPI GTV up 21%.
Above 2K up 15%
Looks like we ain’t going back to cash.
We are ready for Apple Pay!
Tokenised cards on Apple Pay / Google Pay provide the fastest consumer payments experience.
Tech is still being exported from India. Fintech
Pine Labs partnership with Australia’s biggest retailer Woolworths!
finance.yahoo.com/technology…
Amrish Rau retweeted
For those who question how MDR will benefit India, here’s an example of direct impact.
An Indian fintech’s commitment to promoting financial inclusion for the country on the back of sustainable economics.
This is just the beginning. In our conversations with founders, we see renewed energy and momentum back in fintech after years of uncertainty.
Congrats @amrishrau and @PineLabs team.
We will build India! We commit to deploy 10 lakh QR sound boxes.
We clearly see an opportunity to deepen the penetration and use cases of UPI.
Our commitment to deploy 10L soundboxes reflects our belief that sustainable economics & financial inclusion can reinforce each other
Consumer protection using compulsory second factor has helped growth of digital payments in India.
With the advent of Agent commerce and agentic payments, there will be a need to relook the “compulsory” part. If an AI agent is authorised to transact, forcing a human to authenticate every transaction will fundamentally limit agent commerce.
Regulations will need to recognise delegated consent as a valid form of authorisation.
Many moved from Google to AI surfaces. With Instinct and Muse, AI agents set up is simple and conversational.
Soon, these AI agents platform will become surfaces for UPI like payment txns and bill payments too.
Dedicated app strategy needs a rethink.
Opening access for developers to build Muse connectors. You bring the API -- Muse brings the agent, the browser, and the context of what the person actually wants. People reach your service just by asking for it, and their agent takes it from there.
New connectors are live today. Come build with us. muse.ai/platform
Amrish Rau retweeted
The introduction of MDR on large-value UPI transactions (i.e., above ₹2,000) is an important step towards strengthening the long-term sustainability of India’s digital payments ecosystem. It will help UPI in continuing to scale, innovate and serve consumers and businesses across the country.
A fair and appropriate distribution of MDR across ecosystem participants will support continued investment in technology, infrastructure and acceptance networks. This, in turn, can enable wider UPI acceptance, deepen the customer base and support sustained growth in transaction volumes.
Importantly, all UPI transactions - P2P and P2M - shall remain free for users. P2M UPI transactions below ₹2,000 will continue to remain free for merchants, while MDR may be levied on merchants for P2M .
RBI remains committed to ensuring that UPI continues to be safe, seamless, affordable, and accessible, while supporting the long-term sustainability and growth of India’s world-class digital payments ecosystem.
The introduction of MDR on UPI would materially change the narrative around fintechs. The sector has long been viewed as one where scale has been built without a clear path to monetisation. A sustainable revenue model for UPI would alter that perception, improve investor sentiment and give the fintech ecosystem a significant boost.
Amrish Rau retweeted
Pine Labs’ AI Turns Fraud Investigator, But Stakes are Too High to Keep Humans Away analyticsindiamag.com/ai-fea…
All of these are built on top of grantex.dev , agenticorg.ai
Be it Compliance , Finance , Operations, SRE, QA, Marketing , HR - all departments can get fully automated with proper Human In The Loop gate to avoid A.I. agent overreach.
All AI inferencing happens on soil , which not many AI products being sold in India can claim.
As India and the Philippines deepen economic and trade ties, fintech can be an important bridge between our two markets.
@PineLabs and LandBank, the Philippines’ largest government-owned bank, have entered into a strategic partnership to build and deliver fintech solutions for the market.
It was a privilege to host LandBank’s CEO, Lynette Ortiz during the visit to India as part of President Marcos’ delegation.
@narendramodi @PMOIndia
Today we will deliver India’s 1st fully Agent only Txn. LIVE.
@bigbasket_com, @mastercardindia and Pine Labs have come together to showcase a fully agentic transaction. This will use agents, manage the guard rails and also P3P protocols for the agents to communicate.
Join us in the Mastercard booth at 12 noon and 2.45PM at Pine Labs booth. First 60 fastest Txns will get IPhones. Will it be Agents or Humans who win it? Come watch history.
ps: will post more videos end of the day for those who couldn’t join.
Lots of Engg work going on in this space:
- An agent platform. Check it out on AgenticOrg.ai
- Rule engine to provide guard rails and control over agents. Check out at Grantex.dev
- Finally a machine protocol to manage comms between seller and buyer agents. P3P.
Agentic commerce will change how payments will be done. Value of transactions will shrink and volumes will explode.
pinelabs.com/docs/online-pay…
