3 ms·

Finally, the US is ready to catch up to India in this aspect.

• hackernewds 4y ago
  US financial infrastructure is far more complex yet secure in comparison. The hurdles are natural.
  • 2143 4y ago
    In what way is it more "secure"? How is India's system any less secure? I think the thing is, because the system in the US was developed much earlier, it might have become more difficult to switch over to newer technology. Leapfrogging [1]. [1] https://en.m.wikipedia.org/wiki/Leapfrogging https://en.m.wikipedia.org/wiki/Leapfrogging
  • cuteboy19 4y ago
    Its really less secure. There is no seperation between identity and authentication so stealing a cc number would be enough to complete a transaction whereas a UPI Id won't help you much to steal money. This is why you need to depend on nasty solutions like chargeback