Forum

UPI Transactions in...
 
Notifications
Clear all

UPI Transactions in India to Undergo Major Changes Soon, What You Should Know  

  RSS

Tanay Singh
(@tanay)
Honorable Member
Points: 507
Joined: 5 months ago
Posts: 507
03/08/2020 10:50 am  

Unified Payments Interface (UPI) has made it very easy for people to transact money with each other. Be it for personal transactions or business transactions, it can be done instantly and without any extra cost. UPI is regulated and governed…


Quote
Rajiv
 Rajiv
(@Rajiv)
Guest
Joined: 2 months ago
Posts: 1
03/08/2020 11:10 am  

Stupid decision To only benefit Ambani and his politician masters.


ReplyQuote
Gautam Dave
 Gautam Dave
(@Gautam Dave)
Guest
Joined: 3 months ago
Posts: 5
03/08/2020 12:30 pm  

This is a good move to prevent monopoly or duopoly in UPI transaction.


ReplyQuote
Kaushik Roy Chowdhury
 Kaushik Roy Chowdhury
(@Kaushik Roy Chowdhury)
Guest
Joined: 6 months ago
Posts: 26
03/08/2020 12:50 pm  

Kuch ka kuch faltugiri kaam karna hi hai govt ko.


ReplyQuote
Abhishek
 Abhishek
(@Abhishek)
Guest
Joined: 4 months ago
Posts: 4
03/08/2020 2:39 pm  

mtlb dusre American, Chinese company ko benefit ho chalega but Indian company ko benefit ho woh nhi chalega tumlogo ko ?
I wish New Education policy k baad shayad tumhare bache ko achi Education mile taki tumhara bache ko yeh smjh aaye American, Chinese company ko faida pahochane se better ha, Indian company ko faida ho. jisse humara desh jaldi developed kare.


ReplyQuote
Bharat Khanna
 Bharat Khanna
(@Bharat Khanna)
Guest
Joined: 6 months ago
Posts: 53
03/08/2020 5:28 pm  

Seriously! Please promote local apps by giving them incentives not By putting a cap on others, you eventually create inconvenience to users.

Google pay is famouse due to its app design , ease and benifits! Not because who its indian/chinese or any country origin


ReplyQuote
Bharat Khanna
 Bharat Khanna
(@Bharat Khanna)
Guest
Joined: 6 months ago
Posts: 53
03/08/2020 5:32 pm  

A majority of work in food, garments and IT is done by indians in other countries, if every country adopts this policy, indians will be at loss

So choose the app which serves the purpose, safe and convinient!


ReplyQuote
Antz
 Antz
(@Antz)
Guest
Joined: 2 months ago
Posts: 2
03/08/2020 7:32 pm  

I prefer Google Pay or SBI Pay over PhonePe, Paytm or BHIM, because only these apps work on my mobile. I used BHIM before, but it does not allow me to login now. Govt brings such stupid new rules just to benefit Ambani.


ReplyQuote
Abhishek
 Abhishek
(@Abhishek)
Guest
Joined: 4 months ago
Posts: 4
03/08/2020 8:22 pm  

soon you get more NPCI like UPI payment system.

RBI plan to issue at least a couple of NPCI like retail payment system licenses by the end of this year.

Reliance, Paytm, NSE and BSE are among those interested in securing licences to run an entity with powers like NPCI.

If given the green light, these companies can set up a pan-India payment network which can launch and govern its own payment systems in ways similar to how NPCI operates UPI, NACH, RuPay, BBPS etc.


ReplyQuote
Telecomnerd
 Telecomnerd
(@Telecomnerd)
Guest
Joined: 5 months ago
Posts: 58
03/08/2020 9:44 pm  

Probably anticipating Whatsapp's entry into payments market. It has such a large user base that it'll destroy all other payment apps in the blink of an eye. Gpay is an example of this. Despite being a rotten app, it has an undue advantage because of being a Google ecosystem product. Not a good decision for people using a single UPI app though.


ReplyQuote
Reghu Ram
 Reghu Ram
(@Reghu Ram)
Guest
Joined: 2 months ago
Posts: 1
04/08/2020 4:49 am  

Ostensibly this might be intended to safeguard user interest and protection against any outage and service disruption. This might occur if a UPI fintech player gains market share more than 50%, and in case of any snag, 50% users could be affected which definitely is a major issue. But i think NCPI would be denying the users the full potential of technological advancements and innovations that   players like Google would introduce  in future with AI and other initiatives. 


ReplyQuote
sss
 sss
(@sss)
Guest
Joined: 5 months ago
Posts: 13
04/08/2020 10:18 am  

Agree with ur point that gpay is a rotten app and getting popularity because using mobile number we can transfer without knowing anybody's upi id. If whatsapp payment becomes popular it will kill all others.


ReplyQuote
saket
 saket
(@saket)
Guest
Joined: 5 months ago
Posts: 154
04/08/2020 1:23 pm  

Which UPI app is feature rich according to you.
I am not voteing for GPAY either. Becuse my most use is via PAYTM and PAYTM UPI. Even phonepe and freecharge are sluggish at many time.


ReplyQuote
Kanu
 Kanu
(@Kanu)
Guest
Joined: 2 months ago
Posts: 1
05/08/2020 8:35 am  
  • I am addicted to UPI transactions. Before that,  I was using Immediate Payment Service (IMPS) and some times USSD (*99#) until there was no transaction fees. And before that, National Electronic Fund Transfer (NEFT) until there was service charge exemption upto ₹50,000 in some Banks.
  • I want to make a point about the above discussions that two factors which are free to use and ease of transaction.
  • Google Pay made its way to UPI by introducing random Rewards as scratch cards which allows direct credit of rewards to your account in real time unlike other players in the market like Phone Pay, PayTm, Amazon Pay etc. which keep your rewards (cash back) in wallets or in the form of reward points or coins.
  • I am still stuck with it Google Pay because it still  rewards gives rewards(now a days less frequently) and not because of its ease of use as other UPI Apps are also upgraded quite well to compete with Google Pay.
  • This is the reason why the young generation is attracted to Google Pay the most.
  • Whatever steps the Government may take to reduce transaction limits, it will be not done untill other UPI Apps provide attractive cash back/Rewards.

ReplyQuote

Leave a reply

Author Name

Author Email

Title *

 
Preview 0 Revisions Saved
Share: