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A comment on UPI: India's Unified Payments Interface. Parent comment

Re:UPI: India's Unified Payments Interface by Animats on Saturday August 08, 2020 @05:37PM (#24095449)
Right. UPI appears to be a payment system only. Not a sales transaction system. When you buy something with a credit card, there is evidence of a transaction in both directions - you buy some thing from a seller. That allows disputes, dispute resolution, and reversal.

A one-way payment system, such as Venmo, lacks that. (Venmo is trying to retrofit a dispute mechanism, for which they charge 3% extra.) What's Google proposing? Probably something with terms that include "sole discretion" (theirs) and forced arbitration.

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Re:UPI: India's Unified Payments Interface by PaulDavisThe1st on Saturday August 08, 2020 @05:52PM (#24095544)
The article is a fairly easy read, and would answer your question "What's Google proposing". They don't seem to be proposing "sole discretion" or forced arbitration. The Indian UPI system specifically involves a central agent, effectively a government body, that is involved in setting up and authenticating all transactions that occur using UPI.
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