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Debit card -> Add to ApplePay/ GPay -> Touch the POS -> Done. UPI is good for 3rd word as a) most merchants cant afford (wont get a POS) b) need working capital
by singhambesh 4y ago
Debit card -> Add to ApplePay/ GPay -> Touch the POS -> Done. UPI is good for 3rd word as a) most merchants cant afford (wont get a POS) b) need working capital daily (as working capital loans are not available or merchants don't have a bank account).
From a customer POV, UPI with it's lower success rates, no chargeback/dispute mechanism and with higher latency (take out your phone -> unlock -> open app -> click scan QR button -> enter pass -> Look at loader for 3-10 sec) is worse than debit card set up on phone / watch.