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UPI Payments: 10B transactions a month done, next stop 100B

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Re: UPI Payments: 10B transactions a month done, next stop 100B

#341

Post by kryptozinc »

mattigames wrote: post #269
pcthrowaway wrote: post #228

Earlier quoted context omitted.

> Just go to the money exchange counters and enquire about this. Airport information desk should help you as well. > You can get a local prepaid phone number sim at the airport. Worth noting, do all this before you leave the airport. Assuming you land in Delhi, once you leave the airport there's no way to get back in unless you have flight information to show This turned into a pretty big problem for me on my first t…

Yeah no, it seems likethe best idea it's to not go to India at all and avoid all that trouble.

Thanks, we don't want people like you visiting either.

Re: UPI Payments: 10B transactions a month done, next stop 100B

#342

Post by unmole »

sudshekhar wrote: post #208
signal11 wrote: post #203

Earlier quoted context omitted.

1) is somewhat impractical, because it’s easy to miss the airport desk which does this, and if you miss the opportunity it’s not easy to go back there (Indian airports don’t really allow you back in if you’ve exited) 2) opening an account isn’t practical for tourists, but of course if you’re living in India for even a short while, it’s worth it. 3) Allegedly UPI will work for NRIs / OCIs with foreign phone numbers. I…

Mentioned this on the parent thread, but there are new UPI apps coming out in the market which don't need a bank account. https://chequpi.com/ For example

I saw a 040 support number and got a bit excited for a minute. But looks like you guys are based Bengaluru.

Re: UPI Payments: 10B transactions a month done, next stop 100B

#343

Post by kryptozinc »

sudshekhar wrote: post #208
signal11 wrote: post #203

Earlier quoted context omitted.

1) is somewhat impractical, because it’s easy to miss the airport desk which does this, and if you miss the opportunity it’s not easy to go back there (Indian airports don’t really allow you back in if you’ve exited) 2) opening an account isn’t practical for tourists, but of course if you’re living in India for even a short while, it’s worth it. 3) Allegedly UPI will work for NRIs / OCIs with foreign phone numbers. I…

Mentioned this on the parent thread, but there are new UPI apps coming out in the market which don't need a bank account. https://chequpi.com/ For example

Tried the app on two different phones with two different USA numbers. Never received the OTP on either. What if this happens when executing a transaction that requires OTP?

Re: UPI Payments: 10B transactions a month done, next stop 100B

#344

Post by ianburrell »

programmer_dude wrote: post #109
kmlx wrote: post #96

Earlier quoted context omitted.

a lot more seamless. you just tap your credit card and that’s it.

This exists in India too. But people don't use it. Why take on debt if you don't need to? UPI is directly connected to your bank account. It does not go through VISA, Mastercard or whatever.

How does UPI handle payment disputes? My impression is that the direct payment systems do not have chargebacks and are risky for anything that isn't immediate. What do you do if store won't give you return/refund for something broken? What do you if online store never ships? What if food stall doesn't give you your food?

With credit card, it isn't my money for a month until I have to make the payment. If there is a problem, I can chargeback. The possibility of chargeback makes the vendor's support more helpful

Re: UPI Payments: 10B transactions a month done, next stop 100B

#345

Post by bheadmaster »

diebeforei485 wrote: post #339
bheadmaster wrote: post #327

Earlier quoted context omitted.

> Yes, a professional stunt pilot should pay more than someone with a 9 to 5 desk job. > Yes, someone living in a high risk of car break-ins should pay more for auto insurance. > Yes, someone living in a low-lying area next to the beach in a place known for hurricanes should pay more for flood insurance than someone living in Colorado. > What we shouldn't do is charge people more for being of a certain race or gender…

Sure, you can't control your genetics (race, gender, birth defects) but you do choose your location, occupation, eating habits and exercise habits. There was a time when being fit required having more money, but that is increasingly not the case. You don't need to shop at Whole Foods to eat well anymore (Aldi and Trader Joes and Grocery Outlet all carry healthy foods these days).

> you do choose your location

So being born in a particular place, having your history, your inheritance and most of your social connections in it, it's all just an arbitrary choice?

> occupation

Again, having an option to work in a certain career that brings you enough money to live and feed off your family, that's just an arbitrary choice, too?

What about STDs? They may make you more prone to illnesses. You may say "well, the person has voluntarily chosen to have unprotected sex", but then what about rape victims? Should insurance companies be informed of such private details of people's lives in order to weight out whether the condition is "chosen" or not? And who the hell decides what's "chosen" and what's not?

All I'm trying to say, it's not black and white. You can't just decide to count the "things you choose" and discard "things you don't choose" as most things don't fall cleanly in those two categories, location and occupation being just one of many examples of the gray area in that continuum. And once you go down the path of price discrimination based on anything, you're on a slippery slope towards thought police.

Re: UPI Payments: 10B transactions a month done, next stop 100B

#346

Post by kylehotchkiss »

vinay_ys wrote: post #182
davelondon wrote: post #125

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…

There are two ways for a foreigners to use UPI. 1. If you are from one of G20 countries (for now, will expand to other countries), you can get a prepaid UPI digital wallet at the airport where you land. Just go to the money exchange counters and enquire about this. Airport information desk should help you as well. You don't need an India phone number or India bank account. You can load money into this prepaid wallet…

1) This is never explained to visitors in way that'd get their attention - for example, getting a paper from immigration explaining that's available. Too complicated for now. Maybe once this is available outside the airport it's more viable. Strongly recommend visitors to just take out cash, and carry the amount they need per day + 50% on them. Personally I got by living in India for several years primarily using my American Express card which was accepted at more places than I expected.

2) I wouldn't advise visiting foreigners to get a sim as it requires passing your passport scans to untrustworthy low-level staff at the cell companies. It worries me how they take the passport to a backroom to scan it. I worry they're selling/distributing copies. I realize hotel staff also scan passports but they have reputations to protect and are less likely to. Google Fi/T-mobile roaming or an e-sim via Airolo are much more appropriate and wise choices for short term travelers. If you know somebody in India however, asking for a SIM is totally fine. You can pay to add funds via an international service like Xoom or an American Express card in the Airtel app (which worked for me occasionally)

Protip about American Express cards in India, and the reason I mention it several times. I lost mine last time I was visiting and they sent a new one to my hotel in under 48 hours.

Re: UPI Payments: 10B transactions a month done, next stop 100B

#347

Post by kylehotchkiss »

wtmt wrote: post #319
vinay_ys wrote: post #182

Earlier quoted context omitted.

There are two ways for a foreigners to use UPI. 1. If you are from one of G20 countries (for now, will expand to other countries), you can get a prepaid UPI digital wallet at the airport where you land. Just go to the money exchange counters and enquire about this. Airport information desk should help you as well. You don't need an India phone number or India bank account. You can load money into this prepaid wallet…

> This entire process of opening an NRO account can be done at a bank branch physically or online via your mobile phone. Online method is not possible since banks and other providers insist on providing Aadhaar number and completing OTP authentication for that mode. Aadhaar is a number given for residents, i.e., anyone who has legally resides in the country for more than 182 days. So a foreigner landing in the countr…

Having been in a situation where I've asked for one of these accounts, the bank asks for FRRO registration paperwork. If you've ever been to a FRRO, you know they won't actually grant those :)

Re: UPI Payments: 10B transactions a month done, next stop 100B

#348

Post by kylehotchkiss »

sudshekhar wrote: post #205
davelondon wrote: post #125

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…

Hey @davelondon, Sudhanshu here, from Cheq UPI. We're a part of YC S23 and our team launched the Cheq UPI payments app specifically to help international citizens and NRIs avail UPI. https://chequpi.com/ Some testimonials from our early customers: https://www.youtube.com/watch?v=4Ct5WY9vOz4 We launched officially in August, and are growing fast. Next time you travel to india, do give us a try :) PS: We don't need an…

As a foreigner who's lived in India for several years, what I'd really prefer is the ability to make payment using the instruments I have and not having to do a whole "KYC" process that no other country would ask me to. Context - within my home USA, I can open bank and credit cards accounts without ever even showing an ID. Having to ask very local shops to scan your passport/visa is an extremely uncomfortable request for people from abroad who have been told to protect that document from identity thieves their whole life. Nobody wants to give their address or phone number to a shopkeeper. I wish you guys all the best, but ultimately what India needs is more of those awesome Pine terminals which reliably take foreign cards and Apple Pay support. Then they get the lost card and chargeback protection they get everywhere else. So many foreigners are willing to come and spend money at small shops, why not better enable them to with the tools they have?

Re: UPI Payments: 10B transactions a month done, next stop 100B

#349

Post by kylehotchkiss »

Mandatum wrote: post #131
itsbits wrote: post #128

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.

This is very valid feedback - foreigners do not want to deal with this nonsense KYC stuff to make payments. No assurance is ever given that the passport details will be kept safe and not sold off to people doing identity theft stuff

Re: UPI Payments: 10B transactions a month done, next stop 100B

#350

Post by kylehotchkiss »

sofixa wrote: post #163
Mandatum wrote: post #131

Earlier quoted context omitted.

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.

It's the same as the kiosks to get a local SIM card which also often require ID. Also optional. > drivers license A driver's license is rarely accepted as a valid ID document outside of the US which rarely has anything better.

This KYC stuff required to get a sim/temp UPI makes me very happy an address isn't put into US passports. Who else is going to get that address if there was one there?
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