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Re:Live dashboard of Stripe systems during Black Friday by umeshunni on Tuesday November 28, 2023 @01:29PM (#38449264)
Sorry, I meant that UPI is running at a loss and is subsidized.

https://bfsi.economictimes.indiatimes.com/news/fintech/upi-t...

The government gives Rs 1,300 crore as subsidy

Unsurprisingly, there is now a 1.1% interchange on some UPI transactions now: https://www.onmanorama.com/news/business/2023/03/31/upi-tran...

Separately, NCPI's revenues are USD ~2B/year: https://www.icra.in/Rationale/ShowRationaleReport/?Id=122149....

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