Amrish Rau

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..

Did SWIFT invest $900Mn in NPCI? Just asking …

@BeingPractical @DhanHQ @MillionsApp @Stratzy_HQ @FilterCoffeeHQ @Upsurge_club @pandeyalo @JPGupta1 @rathi_raunak @shraddhahahaha Good work PJ. Great cause.

Let me start with this., we all love India, and we love it even more when India wins on the global stage. 🇮🇳🏅 Growing up as a kid, one of the bit disappointing moments was seeing the medal tally for the Olympics, Asian Games, Commonwealth Games, or more globally recognised sports (outside of Cricket) and feeling that - we are not winning enough. Like many, I sighed.., we should win more, we could have done better. 🫤 And then, like everyone else, we moved on from that topic. I'm referencing the time 20-25 years ago here.. 🥲 Yes, things have improved a lot now—participation in sports & athletes in encouraged. We are winning more, much more than before, but there is always the lingering feeling that India should win more. Athletes and sportspersons are recognised, get celebrated & have their share of fame - when they win; however, the journey of many years leading to that overnight success remains tough, hard and much much difficult when they do not have access or resources to perform their best and compete on the global stage. As a young startup, we have people who believed in us, who trusted us, which includes our customers, traders & investors using @DhanHQ, they helped us reach this point. Yes, there is still a long way to go, more so cause the big folks in our industry are still very very big compared to us. We were fortunate to become profitable, and now we feel we should find ways to contribute back to the society. So going back to where this post started, we are launching Momentum by Raise. Our way to support promising & budding athletes before they become the sports stars of tomorrow and bring glory for India on a global stage. Here is a first batch of athletes we are supporting with Momentum..🥰🇮🇳 When I discussed this with my peers & colleagues at @RaiseTheBarHQ, I made this random comment... चलो यह भी कर लेते है... क्या पता शायद इन सबके साथ साथ हमारा भी कुछ भला ही हो जाए :-) or in my own way.. Always believe that something wonderful is about to happen...🚀🥲

@sjs_day1 CAPEX is a hard commitment. Projected revenue is a XL spreadsheet commit.

This is the part of the AI cycle where things start to get worrisome Capex commitments are unprecedented Funding of capital intensive business models is also unprecedented So much Capex will surely lead to use of leverage to boost RoE somewhere in the capital stack If a platform shift happens or technology leapfrogs (eg 10x better memory, or scale up of data centers in space, or even possibly non silicon chips? Yes some people are attempting these … 🤯) or even an over supply at some point .. that could make things complicated for those with big $ commitments For this reason, it feels crazy that investors have rotated to this extent out of software into hardware/capex centric businesses No question, even if there is some pain or correction … AI will be the biggest technology mega trend for our generation

@rajeshsawhney @RonnieScrewvala This was on Sunday evening in Bombay. Longest day of the year. No filters too.

Best Sunsets in India happen in Mumbai during Monsoon months. Photo courtesy @RonnieScrewvala

What an outcome! Couldn't have happened to better people. Well done @kunalb11 @miten @sjs_day1

@jjfleagle That’s exactly what we have implemented and explained in the note.

@amrishrau Autonomous payments make the control layer very concrete. The key questions become: who authorized the agent, what limit applied, what evidence was checked, and how do you unwind a bad action?

@Mann_ashar You first allow for a block on your account (card or bank) for an amount. Our platform works for Stablecoins and Cards too. Then, within that blocked amount, the agent will debit as per the authority given to the agent.

@amrishrau Question: Say i approve agent of buying at X price a TV? How does that actually move do i get lien on my account of that particular price, and what is the convenience fees charged by PL? Will PL also act as payment gateway here?

@dhruv2038 No. Super compliant

@amrishrau Dont you think compliance will have a major issue?

Broad spend data Last Sunday, we did our largest ever daily Txns. Bigger than last Diwali. Absolutely nothing special about last Sunday 🤷 Same store txns and share of digital payments is growing. ps: -we won new merchants in period -we think today > last Sunday

@abdulkarim_me Yes. That’s exactly what we did in a live txn. I know, I know the frustrations around the OTP

The real test isn't whether two agents can exchange money over UPI. It's whether I can tell an agent: "Buy this item when the price drops below ₹X, keep retrying if checkout fails, and don't bother me for OTPs." Can your system do that today, end-to-end, without human intervention?

India is now ready for autonomous Agentic payments. We just demonstrated a LIVE transaction between 2 agents, end to end using UPI as the payment layer We had to solve for two major areas: 1. A highly sterile environment for the agents to operate in. Identity, authority, spend control and auditable. 2. A Payment protocol, Pine Labs Payment protocol (P3P)extending UPI’s mandate framework for payments between agents. Put those together we showed a price watch based, agent led, txn. No one can say India has barriers for Agentic payments. We just broke thru. Read 👇🏼

We lived through the rise of the first trillion-dollar company and the first trillionaire. The best part is that it was a technologist who achieved it. Not a financier, not a money manager, but someone who built and invented.

So happy to see this. I want to draw your eye to That #1. That took some serious engg. Not many know that @mishrak_sanjeev open sourced grantex a few months ago. An OAuth equivalent for agents that handles agent identity separate from human creator, lets you do scoped and time-limited authority grants and then lets you trigger real-time revocation of that authority across agents and their sub-agents. All this while maintaining a clean audit chain. This work alone makes pine labs one of the most AI forward fintech teams in the country and that is not hyperbole either. The framework is open source, they dogfood it and this is probably going to be very critical in defending agentic payments in the regulatory domain. I remind you Sanjeev open sourced the framework so anyone can use it and extend it. (gitHub repo is at github.com/mishrasanjeev/…) . Credit where it is due may this tribe prosper.

@PimaBD We are doing delegated authority. Using grantex.dev

Ser without delegated authority payment from these autonomous agents will be mess. and how you are have kill switch without that. Happy to chat bring our patented technology of Contextual compute contextualcompute.org and we also have public implementation of it coming soon MOI.

@os7borne Merchant will set the guard rails / constraints for the Seller Agent. This is Agent to Agent payment. No human in the loop

Interesting use case. Wonder if the merchant gets to know the users price intent to enabling them to actually drop prices and increase conversion.

@jaggedah - Price watch and payments - Negotiate and pay - Auto replenishment purchases - Repeat continuous payments - Proactive purchase based on circumstances

@amrishrau What low hanging use cases do you see as being most suited for this

@venky4a @Bodhisatwa14 Yes

@amrishrau @Bodhisatwa14 Are these both open source?

@Bodhisatwa14 So P3P doesn’t. For this we have launched another platform grantex.dev A combination of the two solves. Hence this is special. No human in the loop.

@amrishrau Fascinating demo. Curious about the trust hierarchy. When Agent A authorizes Agent B to transact on its behalf, how does P3P handle cascading revocation?