151–160 of 399 posts
Earlier quoted context omitted.
Now Indian airports have outlets to create UPIs for foreigners visiting the country
Can’t wait to hand over my passport and drivers license to some random person after security wearing a uniform and holding an iPad after I get off an 8 hour red-eye. Surely nothing can go wrong.
The major difference between UPI payments and Credit Cards is that there is no 'surcharge'. This is what makes it very viable for small merchants to accept payments of minimal amounts.
I really really don't care what cash transfer app we go with, I just want to only have one app and for it to NEVER change. Ideally, there would be regulated advisarial integration between the apps. That way if you had venmo and they had cashapp, it would still work! Let these companies compete on UX and financial instruments, not creating a walled garden of users and hoping they get the most inertia. We made it work…
I was in India earlier this year, and found there was no way (and I spent hours trying) for a foreigner to get access to the UPI system. This meant: 1) There were some cashless fast food outlets that I couldn't eat at 2) There was no way for me to book an intercity bus ticket I eventually managed to get a bus ticket by sweet-talking someone in a shop to use their personal UPI account in exchange for cash. I fear ther…
You can soon do UPI even if you don't have Indian bank account, you can just download an app and connect any payment source to your UPI ID. https://inc42.com/buzz/japan-may-join-the-growing-list-of-co...
I really really don't care what cash transfer app we go with, I just want to only have one app and for it to NEVER change. Ideally, there would be regulated advisarial integration between the apps. That way if you had venmo and they had cashapp, it would still work! Let these companies compete on UX and financial instruments, not creating a walled garden of users and hoping they get the most inertia. We made it work…
I was in India earlier this year, and found there was no way (and I spent hours trying) for a foreigner to get access to the UPI system. This meant: 1) There were some cashless fast food outlets that I couldn't eat at 2) There was no way for me to book an intercity bus ticket I eventually managed to get a bus ticket by sweet-talking someone in a shop to use their personal UPI account in exchange for cash. I fear ther…
I have not seen a single eatery that does not accept cash. Booking bus tickets - RedBus and other portals accept credit cards. To use cash one must book at the terminal.
I really really don't care what cash transfer app we go with, I just want to only have one app and for it to NEVER change. Ideally, there would be regulated advisarial integration between the apps. That way if you had venmo and they had cashapp, it would still work! Let these companies compete on UX and financial instruments, not creating a walled garden of users and hoping they get the most inertia. We made it work…
I really really don't care what cash transfer app we go with, I just want to only have one app and for it to NEVER change. Ideally, there would be regulated advisarial integration between the apps. That way if you had venmo and they had cashapp, it would still work! Let these companies compete on UX and financial instruments, not creating a walled garden of users and hoping they get the most inertia. We made it work…
Well that’s the point, UPI is literally interoperable and you can use any app you want and it just works. It’s not Indian’s fault that there is no such standard worldwide.
but it's use case is tiny in most of the world. most payments aren't made to people you want to give money to. most payments actually go to sellers. as such what people use in developed countries is their credit card.
I was in India earlier this year, and found there was no way (and I spent hours trying) for a foreigner to get access to the UPI system. This meant: 1) There were some cashless fast food outlets that I couldn't eat at 2) There was no way for me to book an intercity bus ticket I eventually managed to get a bus ticket by sweet-talking someone in a shop to use their personal UPI account in exchange for cash. I fear ther…
never been to India. do they not support credit cards like the rest of the planet? visa/mastercard/amex? only UPI?
Earlier quoted context omitted.
That completely side steps the question at hand. You, a citizen of an authoritarian regime, are banned from doing transactions and participating in the economy because you are a dissident or not vaccinated or whatever. Why would that ban not also include cash and crypto transactions?
Firstly, that ban would be harder to enforce without centralized intermediaries that can be deputized to blacklist the dissidents. Second, it is politically and generally legally easier to prohibit a class of interactions involving a subset of the population (e.g. those who refused to be vaccinated against COVID) by way of prohibiting intermediaries from interacting with them. So for instance, restaurants were prohib…
The solution to, the government is extrajudicially spying on our transactions and without due process blocking people from their finances, is not a system that uses an immutable public ledger. It’s reforming the law to protect people’s right to privacy and due process. It’s getting rid of the authoritarian government that strips people of their rights and freedoms.