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A comment on Why peer to peer digital payment system UPI should remain free in India.

Re:Why peer to peer digital payment system UPI should remain... by mandis on Tuesday September 13, 2022 @10:09AM (#32824492)
Is UPI one of the rare times when a government organization has created an innovative technology that works for a scale of 100 Million+ users?
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Re:Why peer to peer digital payment system UPI should remain... by wtmt on Tuesday September 13, 2022 @12:04PM (#32826117)
NPCI, the organization operating UPI, is owned by public and private banks. It is approved by the Reserve Bank of India (RBI) and is marketed by the government. About two years ago, RBI had concerns about NPCI having a monopoly and wanted more players to create and interoperate similar services, but it canceled that plan (reasons unknown).
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Re:Why peer to peer digital payment system UPI should remain... by sg47 on Tuesday September 13, 2022 @10:34AM (#32824793)
That too without a middleman to skim off the top.
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