Corporate Strategist

Software Developer

Just reminded me of ashneer grover saying something like, merko panipuri/chat bhi EMI par chaiye. 
  
 too much fun 🤣🤣

Backend Engineer

I just closed my Tata Neu Plus card, even though it was LTF. Simply not worth the hassle.  
  
 Now I mainly use SBI Cashback and Swiggy  HDFC Card.

Lead Data Scientist

Tataneu cards heavy deval hue h recently.

Risk Analytics

Software Engineer

NPCI is expected to set a 1.2% interchange fee for presanctioned credit lines on UPI, with a circular likely next week.  The credit line will not be available for persontoperson transfers, focusin...

Welcome to News Discussion's Private Community

- 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

Journalist

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

Welcome to Fintech India's Private Community

The National Payments Corporation of India (NPCI), a special unit of the Reserve Bank of India, plans to extend the deadline for introducing a 30% cap on the market share of individual UPI ecosystem participants, the sources said. 

The NPCI had initially planned to enforce the market share cap in January 2021, but postponed the deadline to January 1, 2025. TechCrunch had previously reported that the regulator was moving towards extending the deadline further after concluding that there is no practical solution to address the issue.

source: techcrunch

India’s mobile payments regulator is likely to extend the deadline for imposing market share caps on the popular UPI payments rail by one to two years, India is likely to once again extend the deadline for market share caps on UPI in a move that is expected to benefit Google Pay and PhonePe.

India weighs delaying caps on UPI market share in win for PhonePe, Google Pay | TechCrunch

What do you think about NPCI affecting Fintech?

Heading back to the stone age

Consultant

Noticed that this phenomenon is just much more in other countries. Maybe cuz UPI is already so. convenient in India that a slightly smoother experience wasn't needed. But with most people wanting to use credit cards, these are the next 2 most important needs:

1) OTP less payments
2) Contact less payments via devices.

Step in the right direction?

Anybody tried Google Wallet out yet? Would be cool if India moves to more NFC based payments via tapping phone watch. Thoughts on what's next for better payments in India:

Product Owner

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

What according to you will be the next game changer innovation in digital payments/UPI?

Product Manager

Welcome to Indian Startups's Private Community

Does anyone have any insights on how RBI plans to remove the gpay and phonepe duopoly? Saw some news here and there, any insider information?

UPI duopoly RBI plan

The most cringe Q&A i have ever seen! Top tier investors and founders asking such dumb non relevant questions. We can defend as much as we want, but we Indians do have an inferiority complex when we interact with foreigners - in the end he called you hopeless, right?

ET Sam Altman Talk

Let’s create a list of best startups in terms of tech and its product future possibilities.

India’s Best Startups In Terms Of Tech And Future Product Growth

I've been donating to an NGO on a monthly basis. They allow us to accommodate for the gateway charges for that particular transaction. 

In my case its around 60rs or so for a 1500rs (thousand five hundred) amount donated. Just wanted to understand if gateway charges are this expensive. Moreover this was a UPI transaction always. 

Its either PayU/ Razorpay ( I don't recollect well).

Payment Gateway Charges - Donation (NGO)

Data Analyst

https://www.moneycontrol.com/news/business/startup/phonepe-may-open-its-app-store-to-developers-to-counter-google-apple-clout-11413351.html

Why is phonepe trying to do everything? Delved into e commerce via pincode,stock broking via share.market and now app store . Is UPI market getting too competitive

Cred doesn't allow me to transfer money to another UPI id that belongs to me (different account).

I thought the whole point of UPI was interoperability between accounts. How can you bar transactions?

How is this being allowed by NPCI?

WTF Cred! How is this legal?

Business Analyst

What is the best credit card that I should apply for?

Credit card? Which one to get?

Business Development Manager

- The National Payments Corporation of India (NPCI) is in talks with startups to implement biometric authentication for UPI payments.
- Currently, UPI uses a PIN as the second-factor authentication, similar to OTP for card payments.
- Biometric authentication would allow users to use fingerprints on Android and face ID on iPhones instead of a PIN.
- This move follows RBI's proposal for banks to explore alternative payment authentication methods to reduce financial frauds.
- Device binding through SMS remains the primary factor authentication for UPI. 

 Source: https://www.moneycontrol.com/technology/npci-talks-to-startups-on-biometric-authentication-for-upi-payments-article-12788026.html

NPCI Explores Biometric Authentication for UPI Payments

Walmart owns majority share in both PhonePe and Flipkart, PhonePe is a separate entity from Flipkart, but why is Flipkart itself entering into UPI ecosystem when it is dominant in e-commerce and PhonePe is dominant in UPI and payments.

Why is Walmart letting both organisations go against one another by building Flipkart UPI seems weird and waste by burning money.

Is it hoping Flipkart UPI to get market share from Amazon Pay or something else is at play here ?

Why not pitch PhonePe inside Flipkart app heavily instead ?

Why Flipkart built UPI ?

Situation: at a store I first paid via UPI on phonepe. Money was deducted from my bank account, but the transaction was not completed (and it is still processing) , the receiver didn't get the money.
After a few minutes I tried via Google pay. Money was deducted and transferred successfully. 

Can anyone point out why this happened. At the core is there something different in system infrastructure for the both?

Google pay vs Phonepe infrastructure

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

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

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