UPI Payments: 10B Transactions a Month Done, Next Stop 100B

Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by FlyingSnake on Sunday September 03, 2023 @03:48AM (#37368524)

I would love to see similar public-private consortium systems in rest of the west like Germany, Spain, France and Australia etc. Until then I’ll consider UPI to be superior to those in the west.

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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by ztrww on Sunday September 03, 2023 @03:57AM (#37368567)

is it really that different from SEPA though?

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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by FlyingSnake on Sunday September 03, 2023 @04:04AM (#37368601)

I’ve never done an instantaneous SEPA transfer just scanning a QR code. Is that possible?

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Re:UPI Payments: 10B Transactions a Month Done, Next Stop 100B by ztrww on Sunday September 03, 2023 @04:16AM (#37368668)

I think there is a standard, so as long your bank’s app supports it and more importantly the merchant actually provides a QR code to scan (which is unlikely).

Then again, I don’t see much need for that when I can just NFC pretty much everywhere (of course the merchant still ends up paying up to 1% on every transaction)

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