Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

bqprime.com

Post reply on HN
Print view View original

351–360 of 399 posts

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

#351

Post by kylehotchkiss »

sofixa wrote: post #330
flangola7 wrote: post #246

Earlier quoted context omitted.

Rarely has anything better? What does that mean?

Lots of countries around the world have an ID card which is the default ID mechanism and is often mandatory to have (compared to say a driver's license, which many simply don't have because they never drive). The US doesn't widely have that, altough there are some slow efforts to that effect AFAIK.

You'd be surprised how well a US Passport Card is accepted as an ID around India. Most people are just looking for something official in a card-sized format. There's no address, no real passport number on it. It's a more harmless document to identify yourself abroad.

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

#352

Post by kylehotchkiss »

kmlx wrote: post #159
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…

> 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. never been to India. do they not support credit cards like the rest of the planet? visa/mastercard/amex? only UPI?

Amex acceptance in India is really good. Hotels, malls, Ubers, restaurants all take it without issue. I mean you can't buy food from local stalls, but as a foreigner visiting it's better to stick with branded restaurants to avoid food sickness (and if you're going someday, pack Imodium, best thing to get back on your feet after just a day)

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

#353

Post by jamiek88 »

beebeepka wrote: post #257
konschubert wrote: post #250

Earlier quoted context omitted.

How so?

Hmm, where do I begin? 1. Bringing a mic and camera equipped device to the bathroom. 2. Accepting video calls from naked people. 3. Acting ashamed for having a naked person on screen. I tried to make a joke because the premise sounds crazy and extremely hypocritical to me.

I think the word prudent is throwing people off. Did you mean prudish?

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

#354

Post by codetrotter »

notpushkin wrote: post #261
Brajeshwar wrote: post #237

Earlier quoted context omitted.

The screenshot is likely the precursor the the video they record since the call got established. For most non-tech, and generations prior to us, would be startled, and likely to act in a haste to avoid further embarrassment. Let's say they have a success rate of less than 10% (1 in 10 calls), it is worth their time sitting in cabin somewhere in a town in India earning ₹25,000 a month working for an "Support Call Cent…

> Register a company I think that works everywhere, not just in India. I'm getting spam to my Estonian company's and my Russian sole proprietorship's email addresses at least every week.

Norway too. When you register a sole proprietorship in your name in Norway, you will soon get multiple other Norwegian companies contacting you.

Some of them purport to help you “start your business”. They will charge you money and provide about zero value. They are not trying to help anyone at all, they are just looking to exploit inexperienced people.

And the worst ones will use wording to make themselves seem like this is another required step in order to complete the creation of your company. All the while being very careful so that although the wording tricks other people they can still snake their way out of trouble by pointing to some part or the message they sent that somehow clears them of any way to get them fined or otherwise punished for actual fraud.

This was already a problem years ago when I registered my own sole proprietorship. I am sure that today with the ease of generating convincing garbage using LLMs the problem is probably even greater.

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

#355

Post by SoftTalker »

notpushkin wrote: post #261
Brajeshwar wrote: post #237

Earlier quoted context omitted.

The screenshot is likely the precursor the the video they record since the call got established. For most non-tech, and generations prior to us, would be startled, and likely to act in a haste to avoid further embarrassment. Let's say they have a success rate of less than 10% (1 in 10 calls), it is worth their time sitting in cabin somewhere in a town in India earning ₹25,000 a month working for an "Support Call Cent…

> Register a company I think that works everywhere, not just in India. I'm getting spam to my Estonian company's and my Russian sole proprietorship's email addresses at least every week.

Same in the US. Register a domain, and a few months before it expires you will get an official-looking invoice requesting payment to renew it. In small print somewhere it will disclose that it is a "solicition for services" and not an invoice. The tipoff should be that the renewal is about 10x the price of the original registration but I guess enough people are taken in that it's worth doing.

Since they send these notices by mail, there will be a disclosure in it somewhere, otherwise it would be mail fraud which is a rather serious federal crime.

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

#356

Post by kiratp »

vinay_ys wrote: post #291
signal11 wrote: post #244

Earlier quoted context omitted.

Except the ‘helpful’ steps you mentioned don’t really work. (Another commenter linked to some up and coming apps which are far more promising[1], I’d definitely urge interested folk to look into those.) > moreover UPI needs no defending, its stats speak for itself. The law of large numbers applies to UPI like it does to almost everything in India: you’ll get huge numbers which look good on slides. In reality, UPI is…

What's your basis for saying it doesn't work? Have you actually tried to get a prepaid wallet at the airport counter and it didn't work for you? Don't make unnecessary personal attacks by saying there's no critical thinking. If there's a specific factual thing that's incorrect in what I wrote above, feel free to point it out with evidence. Don't make unnecessary tall and broad claims about others who you know nothing…

India’s obsession with SMS codes and UPI in particular sucks as a tourist/visiting businessperson. Nothing works with a non-Indian number. You can’t get an Indian SIM without an Aadhar number outside an airport and every time I’ve flown in late at night those airport kiosks have been unstaffed.

The whole system is built around phone numbers. It puts the end of the chain of trust in the hands of the corner store vendor not accepting a fake photocopy of an ID to swap SIMs. It’s ko different than when South Korea mandated ActiveX for browser security for banks.

Let’s not even get started on the whole Unique Identification Authority (UIDAI) joke. India doesn’t have Apple Pay because it’s illegal to have device-local biometrics - you must store it and verify it with the government.

UPI is also an extremely shortsighted system throwing away any semblance of privacy for the population. The whole thing doesn’t have fees partly because sharing every bit of transaction data with 7+ parties in every transaction is how it is funded.

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

#357

Post by pb7 »

user3939382 wrote: post #289
mattigames wrote: post #269

Earlier quoted context omitted.

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

Riiight.. there’s a problem with money exchange at the airport so the solution is to completely write off an entire subcontinent that’s the home of one of the oldest, richest human cultures.

If it’s a massive burden to do something as simple as pay for goods and services then why not? There is a whole world out there that doesn’t suffer from this problem.

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

#358

Post by pb7 »

kryptozinc wrote: post #341
mattigames wrote: post #269

Earlier quoted context omitted.

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.

People that want to be able to pay for things during their stay?

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

#359

Post by pb7 »

avianlyric wrote: post #256
kmlx wrote: post #216

Earlier quoted context omitted.

> In reality alternatives like UPI and other peer-to-peer systems are more likely to be the payment systems of the future. i find that very hard to believe as the user interaction for qr codes is a step backwards from using an nfc with a phone’s wallet. and once you use the nfc solution it’s very hard to switch back to a system that is less friendly. of course, if you take the QR codes out of the equation and replace…

> of course, if you take the QR codes out of the equation and replace with NFC then i see no issues. There’s no reason p2p payments can’t operate over NFC. It’s just a short distance communication technology, it’s little more than an implementation detail in a payment network, and not significant to fundamental operation or economics of a payment network. The fact Mastercard/Visa have a monopoly on NFC payments on ph…

> why would anyone want to pay a middleman for a service their bank can provide directly, and provide much cheaper?

Visitors can show up and immediately pay for things with ease, for one.

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

#360

Post by mattigames »

user3939382 wrote: post #289
mattigames wrote: post #269

Earlier quoted context omitted.

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

Riiight.. there’s a problem with money exchange at the airport so the solution is to completely write off an entire subcontinent that’s the home of one of the oldest, richest human cultures.

Totally, Im sure thats the one and only problem you will face there.
Post reply on HN