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Great idea; let's have USPS administer it, like they used to do for money orders and wire transactions. No sense in replacing Mastercard with Google.
by Kednicma 6y ago
Great idea; let's have USPS administer it, like they used to do for money orders and wire transactions. No sense in replacing Mastercard with Google.
- kadoban 6y agoThe USPS doesn't seem like it's going to exist in a few more months.
- not2b 6y agoKilling it will hurt rural areas, Trump's base, far more than urban areas, where there are other possibilities to get things delivered. If it's destroyed, the guilty party (Trump) will be destroyed, and it will be put back together next year.
- dodobirdlord 6y agoI think this is an excellent suggestion, assuming the post office survives an ongoing calculated attempt to cripple and privatize it. Routing digital payment requests to bank addresses is a natural extension of the responsibility of routing all physical mail to any physical address.
- patmorgan23 6y agoI think the Fed is a better place to administer this. It already does checks and ACH payments.
- deleted 6y ago[deleted]
- smart_jackal 6y agoExcept that UPI is a payment standard, Google neither has monopoly over it nor the only one payment company who supports UPI in India, there are many others like Paytm, Phonepe, Mobikwik, etc.
- PaulDavisThe1st 6y agoFrom the article: "National Payments Corporation of India (NPCI) is a non-profit set up by the Government of India to facilitate digital payments. They facilitate many payment schemes (like IMPS, BBPS, FASTag, etc.)"
- captn3m0 6y agoJust to clarify, set-up here means that the RBI gave it permission and authority to operate retail payments in India. It is not controller by the government and is a separate entity that more or less operates as a conglomerate of major banks.