Honestly don’t see a market apart from the SEA countries where gojek exists.

Intern

The app is global, i think the use case is still very specific to Indonesia, vietnam and singapore

Software Engineer

Interesting
Anything that would make me use it as an India based user? 

Why did they suddenly go global?

Founder

Gopay App launched across the world today, considering that a lot is at stake for companies profit, it’ll be fun to see how the launch pans out.   What do you guys think?

Welcome to News Discussion's Private Community

Gopay App launched across the world today, considering that a lot is at stake for companies profit, it’ll be fun to see how the launch pans out. 

What do you guys think?

Gopay app launched, let’s see how this pans out

Gopay app launched, let’s see how this pans out- Grapevine

- Fampay has launched Namaspay, a UPI-powered payment app for foreign travelers in India, targeting tourists from Europe, Africa, Australia, and the US.
- The app charges a one-time registration fee of Rs 1,650, with additional fees of 4% for money loading and 1% for withdrawals.
- Namaspay aims to fill a gap in the UPI ecosystem, which processed nearly 15 billion transactions in August, by offering a convenient cashless option for tourists.
- Experts suggest that if the UPI for foreigners market becomes lucrative, major players like PhonePe and Paytm may enter the space.
- Fampay, originally a teen-centric neo-banking platform, has pivoted to a full-fledged UPI app, processing 52 million transactions in July and raising $38 million in series A funding. 

 Source: [Entrackr](https://entrackr.com/2024/09/exclusive-fampay-launches-upi-app-namaspay-for-foreign-travelers-in-india/)

Fampay launches UPI app Namaspay for foreign travelers in India

Journalist

Welcome to Indian Startups's Private Community

https://www.moneycontrol.com/news/business/startup/a-new-upi-innovation-has-phonepe-and-google-pay-worried-11108471.html

Big blow to phone pe & google pay

Welcome to Personal Finance's Private Community

I tried Paytm payments Bank but payment options were fairly limited. Deactivated after a few months.

Has anyone tried this one? Is there even a point to such loans apart from emi/big purchases?

Gpay offering loans now.

Product Owner

Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious. 

Is the system really fair to allow such moves by the rivals after penalising them?
Or is the system that rigged to make sure their friends can get all the business to technically get the favors, funds, etc? 
Any thoughts on this? 
Whether is it too cruel and unfair that system just can't come into action to stop such moves otherwise how the startups anyway could rival the innovation that happens in the West if our own system anyway is there to cripple in such scenarios or do you think it's all fair in the name of business (you donot follow regulations, you will have to suffer eventually)? 
PS:- This is just to have a healthy discussion without any biases intended, with no political agenda in mind. I hope you'll keep the discussion healthy and interesting. 
Picture source:- stocktwits(ig)

Is system really fair? Thoughts on JioFin acquiring Paytm Wallets biz.

Product Engineer

- PhonePe Group reported revenue of INR 5064 Cr for FY23-24, a 74% increase from INR 2914 Cr in FY22-23.
- The company achieved an Adjusted PAT of INR 197 Cr for FY23-24, reversing a loss of INR 738 Cr from the previous year.
- Standalone Payments business recorded an Adjusted PAT of INR 710 Cr for FY23-24, compared to a loss of INR 194 Cr in FY22-23.
- Growth driven by market leadership, platform reliability, and cross-selling a diverse product portfolio.
- CFO Adarsh Nahata and CEO Sameer Nigam emphasize sustainable growth, revenue diversification, and disciplined financial management. 

 Source: [Phonepe](https://www.phonepe.com/press/phonepe-grows-revenue-at-74-y-o-y-and-turns-adjusted-pat-positive)

PhonePe Achieves 74% Revenue Growth and Turns Adjusted PAT Positive

- PayGlocal, a Bengaluru-based cross-border payments startup, has received the online payment aggregator licence from the RBI.
- The startup, focused on international payments, has also applied for a cross-border payments licence.
- PayGlocal received in-principle approval for the payment aggregator licence in November last year.
- Founded in 2021, PayGlocal allows merchants to accept payments from customers outside India in their local currency.
- The startup has raised over $17 Mn from investors like Tiger Global and Peak XV Partners. 

 Source: [Inc42](https://inc42.com/buzz/peak-xv-backed-payglocal-receives-rbi-nod-to-operate-as-online-merchant-payments-firm/)

PayGlocal Gets RBI Nod to Operate as Online Merchant Payments Firm

Heading back to the stone age

Consultant

- NPCI is expected to set a 1.2% interchange fee for pre-sanctioned credit lines on UPI, with a circular likely next week.
- The credit line will not be available for person-to-person transfers, focusing instead on merchant transactions.
- Interchange fees are crucial for covering the risk and interest for the capital deployed by credit issuers.
- Negotiations are ongoing between NPCI, banks, and UPI apps regarding revenue sharing, with TPAPs like PhonePe and Google Pay likely to get 0.08% commission.
- The product has faced delays due to a lack of strong business cases, but NPCI mandates may drive adoption.

NPCI Likely to Announce 1.2% Interchange for Credit Line on UPI

I’m building a SaaS that needs a payment gateway. Razorpay, stripe and cashfree can’t onboard new businesses because of some RBI regulation(since December 2022). 

What would you guys suggest I go with? Ideally I would need a PG that can split payments.

Payment gateway options?

1. Migrating PhonePe to India 1B $ in useless tax

2. Like that stupid separation of PhonePe from Flipkart ~0.7B $

3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

Why does Walmart keep pumping soo much money even with unnecessary things with Flipkart?

Maybe, 
  
 Taking on Reliance retail and Amazon in India? 
 Tech infra for Walmart (random guess)  
 100% or ownership yields absolute power

Product Manager

Data engineer

Welcome to Office Gossip's Private Community

Why don't we have Hyderabad community on this app when it's the second best after Bangalore in tech. And a serious contender for the top position . We also have Mumbai where there isn't much tech scene happening. I feel this is a requirement for people living here to discuss about tech, meetups, companies info, and where to find the best biryani 🤤. Hope it is added soon.

Hyderabad Community

Shopflo laid off 28% of the team today - still don’t understand how this company exists and is hoping to make any money.

Having no idea what to do next, they’re desperate to travel to US now to try and capture market there - reminder that this is a market with Fast and Bolt, both massively funded, shut down completely 🤡

Shopflo layoffs

Investor

Why do this when there are no UPI fees and an abundance of UPI apps already?

No hate. Just curious why they’d build this

Slice launched a…UPI app?

Generalist

Welcome to Fintech India's Private Community

Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???

Paytm and it's downfall

Any insider news on what it could be? Also how are Pincode and Share.market doing?

PhonePe is launching another new offering

I have n no. Of apps doing same stuff what Paytm does.

After postpaid feature missing, I guess it's time to uninstall Paytm?

What do u think 🤔

UnInstalling Paytm

Senior Consultant

Regulatory risk is making me a little uneasy staying at PayTM now. I will obviously stick around to see if I get rewarded for the risk I am taking but I just want to understand how do you all think about regulatory risk?

How do you deal with uncertainty around regulatory risk?

Software Developer

Bc it's the worst app gives error all the time not even frictionless what's the reason I want to know

Wtf people uses gpay

What is with all the buzz around these 2 new apps? Are they solving some new problem?

Gopay app launched, let’s see how this pans out

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