How Indian payments work — operator briefing with Shreyas Khare

A whiteboard session on the system behind checkout — useful before a payments / GTM interview, or before you launch a payment or affordability motion.

We can cover any slice you name:

• UPI: the players and layers behind a “free” payment

• Cards: issuing, acquiring, interchange, why MDR exists

• PA vs PG vs orchestrator — who takes what cut

• Settlements, T+N, chargebacks, success-rate politics

• No-cost EMI: who actually funds the “0%”

• Gift cards and closed-loop prepaid economics

Tell me your starting point in the form (interview vs live GTM) so I don’t spend the first 15 minutes on the wrong layer.

Not a product pitch and not confidential employer detail.