PortlyExcuse

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:

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:

OTP less payments
Contact less payments via devices.

Step in the right direction?

6mo ago

BlankCamper

Others6mo

Gpay (the one with UPI) already supports NFC payments. Haven't tried to new-new-new-new Google Wallet app, though. Does it support contactless payments, too?

jake_peralta_B99

Freelancer6mo

Google wallet isn't available in India just yet

BlankCamper

Others6mo

I have it installed on my phone. Seems to be just a pass/card collection app for now.

Bharatiya

Oracle6mo

But the problem is the merchant tax. Credit card machines take up a lot of fees and charges on transactions from the merchants but UPI...it's free for them. That's why the Rupay UPI is getting a good traction. It's the combo of both.

jake_peralta_B99

Freelancer6mo

Correct, this MDR is true for low margin merchants. But it's stupidity to pay via UPI for high margin merchants / large value items as these already account for MDR in their price tags