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I live in India. Many people have launched UPI based payment apps. Even government launched an app called BHIM. It is really good. UPI is a really good concept.
by pvsukale3 9y ago
I live in India. Many people have launched UPI based payment apps. Even government launched an app called BHIM. It is really good. UPI is a really good concept.
The problem: None of these apps is used by most of the vendors in cities. Except for Paytm which is available with many small vendors in cities. They used the demonetization period to heavily market the app by going vendor to vendor singing them up.BHIM is really good but government needs to work on its marketing. They can use college/school students everywhere to do the same. JIO has granted access to fast mobile networks to common people. We need to teach people how to use these apps.
- kamaal 9y ago>>Except for Paytm which is available with many small vendors in cities. No. I live in Bangalore and 'many' small vendors don't accept Paytm. They did it momentarily as a last ditch effort to not see their business crash. Cash has come back like no tomorrow. Also you don't have to teach people anything, or provide any amount of free internet plans. If they are smart enough to use WhatsApp and while away time on the internet to do unproductive stuff they can also use payment apps. The reason why don't use it because they want to cheat on taxes. That is the issue. And its social and cultural in nature. Its not a technology related problem.
- eklavya 9y agoThis is spot on. The resistance to online payments and the newly introduced GST is not technical/financial it's because they don't want to pay taxes.
- captn3m0 9y agoUPI is a private payment instrument. It has nothing to do with the Government. (BHIM is not a government app either, despite our PM promoting it)
- fooker 9y agoYou have an interesting definition of 'private'. http://www.npci.org.in/ http://www.npci.org.in/ Maybe diversify the sources you get your news from?
- nileshtrivedi 9y agoNPCI is a private company majorly owned by Banks. This is why nobody except Banks is allowed to become a payment service provider - even though the protocol allows it. GP is right.
- sumedh 9y agoWhat is the use of UPI now that Indians have so many different types of denominations for transactions.
- blocked_again 9y agoTo start with you have to go to an ATM to get currency and the ATM starts charging after you do N transactions a month.
- sumedh 9y agoWhich is what we did in the past and you know what they say old habits die hard.
- 1024core 9y ago> We need to teach people how to use these apps. MPESA has been a huge success in Kenya, no teaching required. You just have to make it very secure and convenient.
- atomicnumber1 9y agoGoogle really should have pushed this during demonetization. They are too late into the game. The market is currently filled with tons of UPI apps and most of them are half-baked.