Flipkart launches UPI Service
This space is truly getting exciting
Upi is free service, providers can’t charge for it .. What exciting about it? It has no business model
Jordon Carmden
Stealth
8 months ago
Yes. It’s just a eye wash. To be a fin tech. Once everyone hits the scale UPi will start charging for the business. Not consumers. Flipkart, Slice and other small players will close the shop
Karilyn Denver
Stealth
8 months ago
slice? lmao. they ded bruh
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Jordon Lee
Stealth
8 months ago
They separated a while ago, Walmart bought a majority stake in PhonePe and Flipkart has very little to no ownership if I'm correct. This is when there were crazy ESOP buybacks at Flipkart.
What I don't get is that both companies still have the same parent -- Walmart. Can someone from Flipkart explain how there's no conflict of interest?
Kendall Lee
Stealth
8 months ago
Too late to the party. The existing players are deeply entrenched with all the marketing spends that they have done so far as well as their distribution network.
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Walmart and Google rules 90% UPI transaction
As the deadline capping UPI Apps' market share to 30% approaches, the central government has taken a stance to not actively intervene in its...
https://inc42.com/buzz/govt-decides-to-not-intervene-over-upis-30-market-cap-deadline/
