I visited India a few times in the last 9 months after digital payments had taken off due to COVID and can attest that these have been game changers that have led shopkeeps to accept e-payments. More than anything to do with literacy, this basically allows Shopkeeper to keep doing what they are doing without fiddling with their phones etc to confirm they received money. The device just says the amount received out lo…
Tiny, cheap smart speakers unlocked the rise of digital payments in India
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Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#22> Digital payments have taken off in a big way in India in recent years due to the government’s unified payments interface (UPI)... But this boom hasn’t helped fintech companies in India as they do not make money from facilitating UPI transactions.
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#23Literacy rates in India look to be ~80% and climbing about 1% per year. Obviously it'll reach an asymptote, but it's looking like India already surpasses the US in this regard. Of course, given the large population, more Indians are illiterate than there are people in almost every nation. Nonetheless, wouldn't this solution be quite niche? Source: https://www.macrotrends.net/countries/IND/india/literacy-rat...
I've interacted with several vendors who use these sound boxes. The article is a bit misleading in the sense that illiteracy is not the primary driver of the usage of these devices. It is a better check-out experience. Vendors were busy and annoyed by the fact that they have to use their phone to confirm payments which often hindered them from doing their routine to sell more stuff. Think about vendors making street…
After multiple complaints from merchants, Paytm and the likes innovated this affordable idea.
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#24Literacy rates in India look to be ~80% and climbing about 1% per year. Obviously it'll reach an asymptote, but it's looking like India already surpasses the US in this regard. Of course, given the large population, more Indians are illiterate than there are people in almost every nation. Nonetheless, wouldn't this solution be quite niche? Source: https://www.macrotrends.net/countries/IND/india/literacy-rat...
I thought you were joking about India surpassing the US in literacy rates, and then I looked it up. It's 75 - 85% depending on how you count. What?! How is this number not 99.9%? Developed countries are at 100% or minus rounding error. Even Canada is at 99%, and that's next door. What is going on in the US?
13 million children face daily hunger, and politicians fight to take away school lunches. Hungry kids don't learn too good.
Fear porn is blasted over every corporate media outlet constantly, to the point where it saturates culture. People who feel unsafe don't learn too good.
Schools are funded based on local taxes. Neither political 'team' seems determined to change this. Teachers often have to buy school supplies out of their own meagre pocket. Kids in schools that don't have money don't learn too good.
School boards refuse to integrate modern understanding of best practices - homework is useless, school starts too early, multi-modal learning works way better, spaced repetition works great, bullying isn't a fact of life to be accepted and ignored. Bullied, tired kids don't learn too good.
Publishing monopolies charge hundreds of dollars for textbooks, altering 1984 and children's stories to be "safer", and holding back anything that might upset their comfortable position.
Hundreds of years of the world's most sophisticated anti-intellectual propaganda has allowed America to be world leaders in producing people that think education is scary.
Blaming poor people for their own problems is a national sport.
These attitudes have been with America for hundreds of years, and no amount of fight from Mark Twain, or Thoreau, or Einstein, or Bernie has changed those fundamentals of American culture.
There's no political motive to change any of this. As George Carlin put it so well: "Governments don't want a population capable of critical thinking, they want obedient workers, people just smart enough to run the machines and just dumb enough to passively accept their situation." America are undisputed world leaders in this (except in America, where this is seen as socialist talk and therefore safe to ignore).
Media, corporations and government conspire to prevent any third party or group from changing the social situation - look at what happened to OWS, or MLK, or Fred Hampton.
Any progression toward helping people get safe and educated is labeled communism, and the DNC conspires with media to mess up anyone too "radical" that runs as a Democrat.
Nobody on TV talks about how many teachers we could have trained with the 20 trillion dollars spent bombing Middle Eastern families - it's a lot.
So, a lot is going on in America. I didn't even mention the drugs, the housing situation, the bank crises, the environmental poisoning, the disconnection from nature, the lack of exercise, the poor quality food or God knows how much else.
Some will say I must hate America to write this stuff - people who say things like this get accused of being Putin's puppets, or worse, socialists. But I love America, which is why I hate to see what is happening to it and refuse to pretend these problems will be solved without even acknowledging them.
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#25Is it a crazy suggestion that you could put a display on the smart speaker and teach a small subset of literacy for them to see what is being said? Could someone learn a small amount that way? I've seen countless stories of people who come to the US and learn some english by watching TV with the close captions turned on, has to work elsewhere?
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#26Is it a crazy suggestion that you could put a display on the smart speaker and teach a small subset of literacy for them to see what is being said? Could someone learn a small amount that way? I've seen countless stories of people who come to the US and learn some english by watching TV with the close captions turned on, has to work elsewhere?
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#27It's amazing how fintech can create actual value when they aren't all just fighting over who gets to salami slice a nation's commerce! > Digital payments have taken off in a big way in India in recent years due to the government’s unified payments interface (UPI)... But this boom hasn’t helped fintech companies in India as they do not make money from facilitating UPI transactions.
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#28Literacy rates in India look to be ~80% and climbing about 1% per year. Obviously it'll reach an asymptote, but it's looking like India already surpasses the US in this regard. Of course, given the large population, more Indians are illiterate than there are people in almost every nation. Nonetheless, wouldn't this solution be quite niche? Source: https://www.macrotrends.net/countries/IND/india/literacy-rat...
I thought you were joking about India surpassing the US in literacy rates, and then I looked it up. It's 75 - 85% depending on how you count. What?! How is this number not 99.9%? Developed countries are at 100% or minus rounding error. Even Canada is at 99%, and that's next door. What is going on in the US?
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#29They do charge a subscription fee for it, but sadly enough this could have been done with any speaker they had & using the official app as well
But could it have been done with the resilience/volume/sound quality/redundancy/etc of the speaker? A situation that comes to mind is a vendor stepping away to go to the bathroom, and asking their neighboring vendor to sell while they are gone. A cheap enough, but fail proof and versatile solution is not necessarily a waste.
Re: Tiny, cheap smart speakers unlocked the rise of digital payments in India
#30Literacy rates in India look to be ~80% and climbing about 1% per year. Obviously it'll reach an asymptote, but it's looking like India already surpasses the US in this regard. Of course, given the large population, more Indians are illiterate than there are people in almost every nation. Nonetheless, wouldn't this solution be quite niche? Source: https://www.macrotrends.net/countries/IND/india/literacy-rat...
I've interacted with several vendors who use these sound boxes. The article is a bit misleading in the sense that illiteracy is not the primary driver of the usage of these devices. It is a better check-out experience. Vendors were busy and annoyed by the fact that they have to use their phone to confirm payments which often hindered them from doing their routine to sell more stuff. Think about vendors making street…
> The 48-year-old, who can neither read nor write, would need to call his son to confirm that the payment had been received.
Looks like the author made up a narrative. These vendors definitely can read numbers, they manage loads of cash through the day. They do lightening fast calculation in their head - which would put a Math grad student to shame.
They may not be able to read, write English (or other languages) but they are very comfortable with numbers and operations on them (addition, subtractions...).
And they would not need "their son" to confirm the amount (they can read), and also they would recognize a very large green checkmark (an icon to confirm successful transaction), so don't need "their son" for that too.