5 ms·
I agree wholeheartedly. In my opinion, UPI has been an unmitigated success. Nearly everyone from a roadside street-food vendor to a 5 star hotel accepts UPI and
by arrayjumper 6y ago
I agree wholeheartedly. In my opinion, UPI has been an unmitigated success. Nearly everyone from a roadside street-food vendor to a 5 star hotel accepts UPI and it makes the whole flow of day-to-day payments entirely contactless which is especially useful with the COVID-19 situation.
Now if only they could introduce some way to enable subscription payments, it'd be the cherry on top.
- sandGorgon 6y agoalready live. its called UPI Autopay https://www.moneycontrol.com/news/business/startup/exclusive-google-pay-phonepe-to-soon-offer-auto-debit-through-upi-5674061.html https://www.moneycontrol.com/news/business/startup/exclusive...
- arrayjumper 6y agoOhh. Thanks for linking this. I'm excited for this.
- koopuluri 6y agoSo, subscriptions are possible - just programmatically request a payment on a recurring basis. As a consumer I actually prefer this approach because I get a payment request that I must explicitly accept for my subscription to be renewed, as opposed to forgetting about a subscription and have it show up on my bank statement. For example: Every month Netflix sends me a payment request asking me to pay for another month's service. Perhaps they could allow for auto-withdrawing to reduce friction for subscriptions you definitely know you want, but I strongly feel this request-before-withdrawing model should be the default for any subscription service and anything else should be explicit opt-in.
- ms4720 6y agoAnd completely trackable