Viewing profile — sudshekhar
sudshekhar
HN member- Joined
- Thu, Oct 20, 2016, 4:41 AM UTC
- HN karma
- 190
- Public activity
- 116 items
- HN profile
- View on Hacker News ↗
About sudshekhar
We help you make cashless spends at over 55 million+ merchants across India.
learn more: https://www.chequpi.com
Recent public activity
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Comment #40796716
The term "Conspiracy Theory" itself needs more scrutiny, IMO. The range of arguments which may be called "conspiracy theories" is far and wide. And the truth about many theories on…
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Comment #37595917
https://www.unionpayintl.com/en/aboutUs/companyProfile/intro... Seems like a funny coincidence Or maybe UPI becomes like the new https. Each country implementing its own versions
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Comment #37595189
Yes, We'll just have to update your account with the latest passport/OCI proof. Your account balance and history will remain consistent and untouched.
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Comment #37592839
More than connections, you need luck and persistance. The process itself is doable. But not easy. These are the steps you'll have to follow if you plan to launch a new UPI app: Fir…
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Comment #37592735
Our app should be available in most countries and locations. Does this link not work for you? https://link-to.app/cheq Can you try searching for Cheq in your app store/playstore an…
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Comment #37592676
Once we have ACH/SWIFT running smoothly, we'll start offering even lower rates Adding funds via credit/debit card incurs an hefty merchant commission. And hence, no forex company c…
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Comment #37585041
The 3.5% is basically the international credit card markup, cheq doesn't make any money on this. A flat $30-$50 fee will easily cover for most of these costs though. We can cover t…
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Comment #37584972
In our case, it was someone from the RBI
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Comment #37584914
I agree. In principle, there shouldn't be a concern allowing people to access their own money from anywhere in the world. However the product category itself is very new right now.…
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Comment #37584773
Once passport/visa expires, we're supposed to disable the account We'll have to verify the new documents and enable the wallet again.
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Comment #37584719
We're passing on the wholesale rate to our customers. And plan to keep optimising these costs with time and volumes. Also, loading Cheq with INR is not allowed for foreign tourists…
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Comment #37582383
I can understand why 3.5% might sound high. But cross border payments are expensive to facilitate. And this is the best rate we've been able to figure out currently. Btw, In the US…
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Comment #37582264
> And even if that would be OK, where and when? https://transcorpint.com/find-us Multiple branches. We can also arrange for at home verification. > The bullet points suggest that t…
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Comment #37581895
You can of course use your credit card / cash to make spends while travelling in India as well. But UPI will feel more convenient. And it works everywhere.
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Comment #37581854
We support both platforms. Our download redirects to the android playstore by default on desktop. But if you open it on the iphone, it will take you to the app store. https://link-…
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Comment #37581654
Please drop me a note on sudhanshu[at]cheq[dot]money Happy to chat.
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Comment #37580729
We did try pushing for an online account opening process. However, it's not allowed under existing India regulations. We plan to scale with doorstep verification services in the me…
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Comment #37580710
We will try to get permissions to kickstart verification services in US soon. Doing the account opening process online would be best but isn't allowed under existing regulations.
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Comment #37580701
We plan to tie up with sim card vendors operating in airports around India. That should hopefully make it more convenient for people to finish their activation. Longer term solutio…
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Comment #37580694
Thank you for the encouragement. I hope you get to use this app on your next visit. > charge a lot more and make it a lot more convenient. We're trying to introduce doorstep verifi…
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Comment #37580285
We're live on both android and ios. You can use this link to view the apps directly. https://link-to.app/cheq And thanks for all the suggestions. We'll improve the website asap.
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Comment #37580257
For this month at least, we're running a zero forex sale. You'll be able to purchase INR using your international card at no extra cost apart from the 10$ basically. Standard add m…
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Comment #37580163
Currently, we're not charging the 3.5% fees to customers. Its in the "plan" and we'll introduce it once the volumes go up enough to require compensations. Maybe in 2-3 months or lo…
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Comment #37580150
We don't have much say in the placement of these centers. Transcorp has been operating from these locations since the last 20 years or so. Cheq is just hopping aboard. We can also …
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Comment #37580134
> I have given this feedback earlier, too, but the copy sounds Ind-lish at most places. Thank you very much for the suggestion! > It would be best to have a native speaker, such as…