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

Re:Why peer to peer digital payment system UPI should remain... by deepakshenoy on Tuesday September 13, 2022 @11:52AM (#32825932)
A freemium service can already be built with a payment escrow for anti fraud protection, for willing merchants and customers. Fighting fraud is useful for banks to invest regardless of whether it's UPI or not, I'm not sure if you need separate models for UPI. Request abuse is pretty easy to track i imagine, for any bank or even for npci...and npci has a big profit pool.

Indeed internet shutdowns are a problem but i think the state will have to move out of shutdowns as UPI gets popular. You are right, that is a pain.

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Re:Why peer to peer digital payment system UPI should remain... by salawat on Tuesday September 13, 2022 @12:35PM (#32826598)
>Indeed internet shutdowns are a problem but i think the state will have to move out of shutdowns as UPI gets popular. You are right, that is a pain.

They will not. They will double down. They will develop tooling to shut down just the people they need to to cripple any movement, and if you don't think they will, just look at the U.S.

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Re:Why peer to peer digital payment system UPI should remain... by akritrime on Tuesday September 13, 2022 @12:41PM (#32826691)
In before someone recommends building UPI on the blockchain and having region specific rollups to settle transactions offchain, that also uses a bluetooth mesh network to communicate with all nodes.

(just a joke, this won't work due to limitations of data storage and blockspace, without even going into the can of worms that is governments interacting with a "independent" blockchain)

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