2 ms·
We (Razorpay) recently did a webinar[0] on UPI, along with a corresponding blog post[1]. We also have an FAQ[1] up on the same. A lot depends on how many custo
by captn3m0 11y ago
We (Razorpay) recently did a webinar[0] on UPI, along with a corresponding blog post[1]. We also have an FAQ[1] up on the same.
A lot depends on how many customers adopt UPI and how well the banks implement it. If they respect what all NPCI has said, UPI could change a lot of things (affect wallets, improve transparency, cashless economy etc). However, a lot is hanging on few points:
1. How well do banks implement UPI?
2. Does NPCI open up UPI to more players? If yes, when and who? Wallets are the one that are most interested in this. [3]
3. Do they improve on UPI over time? As of now, UPI is missing a lot of its (promised) teeth. For eg: recurring payments, pre-authorized payments, split payments.
If anyone is interested on knowing more, I could probably answer a few questions here :)
[0]: https://youtu.be/0Yyxor0VYsE https://youtu.be/0Yyxor0VYsE
[1]: https://razorpay.com/blog/what-is-upi/ https://razorpay.com/blog/what-is-upi/
[2]: https://razorpay.com/upi/ https://razorpay.com/upi/
[3]: http://www.livemint.com/Companies/ZSGu2hTgSn21bKzvY8hycI/Paytm-strengthens-top-management-for-payments-bank.html http://www.livemint.com/Companies/ZSGu2hTgSn21bKzvY8hycI/Pay...