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A comment on UPI Payments: 10B Transactions a Month Done, Next Stop 100B. Parent comment

Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by ryanjshaw on Sunday September 03, 2023 @03:34AM (#37368455)
This is already a thing, but it works the other way around. Here in South Africa, the largest private health insurer gives you up to 75% cash back for 'healthy food choices' i.e. effectively reduces your premiums [1]. They integrate with 2 big supermarket chains: when you pay with a credit card issued by the insurer's banking partner, your discounts are automatically processed on a line-by-line product level.

[1] https://www.discovery.co.za/vitality/help-healthyfood-health...

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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by robertlagrant on Sunday September 03, 2023 @03:46AM (#37368516)
Vitality has spread from SA! I was over there for a few years and used them there, but now I'm back in the UK and have their life insurance.
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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by ufodktztd on Sunday September 03, 2023 @03:48AM (#37368527)
yes, it's a thing in places with zero consumer protection and abusive business.

absolutely nobody wants to be like us, sa or au (with brexited uk following close). those are dystopian.

also credit cards will very much NOT share your information. we have decades of privacy laws on them. that's why you have to "join" those programs. it's very much NOT the norm. and decent countries have laws against this "70% fake discount"

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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by kilotaras on Sunday September 03, 2023 @03:53AM (#37368539)
> This is already a thing, but it works the other way around.

Sorry for being pedantic, but charging "bad customers" $XXX and charging everyone $XXX more, whilst giving everyone but "bad customer" $XXX back, are equivalent.

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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by krab on Sunday September 03, 2023 @09:41AM (#37370355)
Only if everyone participates. You'll generally have a third group of "unknown behavior customers". Then it makes a difference what the default price is.
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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by Ylpertnodi on Sunday September 03, 2023 @03:55AM (#37368551)
Buy healthy with card. Fags, booze and McD's in cash. Or, a different card.
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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by Traubenfuchs on Sunday September 03, 2023 @04:24AM (#37368702)
The point is that many countries and systems across the world are softly moving away from cash or pushing against it. A possible next step is requiring digital payment for "sinful" products like cigarettes and alcohol.
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