Joseph Rai

Bookish human. Journalist at The Head and Tale. Previously at VCCircle/ Livemint, Reuters, Contify

[Joseph Rai @pesojj]

#IREADBECAUSE… is an initiative to have readers talk about the impact reading has on their lives and their favorite books. The goal is to keep the excitement around books alive. Call to all readers to be part of it. https://t.co/5bULQMgPvT

[Arti Singh @artijourno]

Apple Pay is launching in India today, nearly 12 years after its US debut, two sources told The Head and Tale. To start with, the iPhone-maker is going live with Axis Bank. https://t.co/AlZWjHIsBc

[Arti Singh @artijourno]

Big Breaking: NPCI sets MDR on UPI transactions above Rs 2,000 at 0.4%. The NPCI framework also proposes a flat Rs 5 MDR on UPI transactions above Rs 2,000 for specified merchant categories.
https://t.co/KU748ZH1qX

[Arti Singh @artijourno]

Last week at GFF, gathered several fresh updates on MCC controversy, including PayU's case against banks and Visa. What started as a dispute over interchange reimbursement fees is now spreading across the payments ecosystem, with more banks entering the recovery game and payment aggregators pushing back.
Behind the scenes, the numbers are going up, negotiations are underway... Don’t miss @theheadandtale Exclusive on the latest deepdive on the MCC mayhem!
https://t.co/KneND7aRsy

[Arti Singh @artijourno]

The MCC manipulation matter takes legal turn: PayU sues Yes Bank, ICICI Bank, Visa over Interchange Reimbursement Fee (IRF) claim raised by ICICI Bank. The High Court declines to grant interim injunction sought by the payment aggregator, instead directs status quo and asks the RBI to step in as mediator. At a time when the Global Fintest Fest was being held last week, the High Court was hearing this matter. The order is out now.
https://t.co/BZNPT9Ry5E

[Arti Singh @artijourno]

The Reserve Bank of India (RBI) has extended the deadline for payment aggregators (PAs) to complete KYC and due diligence of their existing merchants by 6 months. The decision was communicated to the industry over the weekend, sources told @theheadandtale

The six-month extension is expected to provide some breathing room to PAs that were unlikely to complete the exercise across their entire merchant base by September 15.

#Exclusive #PaymentAggregator #KYC

https://t.co/bHLRPJmsHT

[Arti Singh @artijourno]

In newsrooms, many times as a journalist you may not be able to do a story for reasons best known to the editors. As journalists, you can only fight for your story, but beyond that, you can't do much. But I believe every story, some day or the other, will somehow find its way out. A story I couldn’t publish a few years ago is out now...and is still as relevant as it was then.
Amid PharmEasy's rise, fall and "comeback", there is an untold story of an unusual financial transaction between the founder and one of its top investors, outside the captable. Only @theheadandtale with @pesojj https://t.co/UuD91qvfad

[Arti Singh @artijourno]

PharmEasy is debt-free. But the road here was anything but straightforward. Behind the milestone is a story of aggressive expansion, the high-stakes Thyrocare bet, founder cash-outs and an unusual financial connection involving one of its investors.
https://t.co/dgV2GrZrwX

[Joseph Rai @pesojj]

@barkhatrehan16 Before calling for the boycott of Hyphen, hope you checked with Modiji. Because who knows Hyphen may have been the secret behind his glowing skin. Backfire nah hoh jaye bas. We all love his skin.

[Arti Singh @artijourno]

PhonePe has emerged as the lowest bidder for IOCL's PoS terminal mandate. On the face of it, this is a significant win for the IPO-bound payments company. But the pricing behind the bid is what makes the deal particularly interesting. I explain the full details of the deal and the economics behind it.
https://t.co/j3wHVAfdaj

[Arti Singh @artijourno]

Credit Saison, the Japanese financial services group, has shut down Aumnee, its fintech lending-infrastructure business in India. Aumnee competed with the likes of Niro, which also shut down its business citing regulatory pressure and lack of access to new capital in October last year.
https://t.co/DzDZpLmiN8

[Joseph Rai @pesojj]

Are we all supposed to rattofy #vandemmataram now? Is this becoming an exam to prove our citizenship?

If so, let's start with BJP, Godi media, opposition parties as the paper seems leaked. That leaves ordinary citizens time to prepare - we already have enough exams in our lives

[Arti Singh @artijourno]

It has been nearly a year since OpenAI launched @ChatGPT Go, its first affordable subscription plan, in India. Since then, @OpenAI has opened its first India office, expanded its local team, struck partnerships... and now claims 100 million weekly ChatGPT users in India.
The big question now is whether OpenAI can turn that massive user base into paying customers as the free subscription ends soon and competition from Anthropic and Google’s Gemini intensifies. @theheadandtale
https://t.co/pZdN5I6Vcb
Checkout this Timeline on OpenAI’s India journey and its growing ambitions in the country.

#Chatgpt #AI

[Tony Joseph @tjoseph0010]

You can ignore the sycophancy, the servility, the cheerleading tactics of the Godi media, but you cannot ignore their role as abusers, victimisers and stigmatizers of upright, courageous citizens and large sections of people to further the political interests of those in power.

[Joseph Rai @pesojj]

@Mrsinha Month long efforts - validated

[Joseph Rai @pesojj]

@smitaprakash "Innovative and effective" - Thankfully you stopped there in your eulogies, and in your enthusiasm stopped from blurting out AI generated. Your clan can't afford to make any blunders now.

[Nirupama Subramanian @tallstories]

When 40% of graduates under 25 are unemployed, the limits of majoritarian distraction [by the Modi govt]have been reached - excellent piece by @SushantSin

[Nirupama Subramanian @tallstories]

As much as the outrage this incident evokes shld be the introspection in newsrooms.The day hi- profile anchors are confident of stepping out to report a story w/o fear of being attacked like this poor foot soldier is probably when we can say Indian media has re-found its centre.

[Joseph Rai @pesojj]

@smitaprakash Don't know why this surprises you. We all need to be political, especially at a time when your institution has fashionably and cowardly turned unjournalistic.

[Dr.Medusa @ms_medusssa]

Today's protests are proof that legacy media has completely lost genz. The lakhs of students who turned up were purely social media informed. NewsPinch, PeekTV, Molitics, independent journalists and youtubers are who we look to now. Bye bye chitra, anjana, aman, sushant, sudhir. Rest in hell. The new media is HERE.

[Arti Singh @artijourno]

I am really sorry, kids…I was so wrong to think this reel generation didn’t know or care about what’s happening to their country. I am so happy to be proven wrong.
You are truly the hope this great nation needs. So intelligent, thoughtful and respectful. No violence, no vandalism, no attempt to show strength through numbers…just the courage to stand up for what you believe in. Mad respect to every one of you who joined this protest.
Go, kids. Show them no amount of force, tear gas and brutal lathi charges can silence a generation that has found its voice.