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It's amazing how fintech can create actual value when they aren't all just fighting over who gets to salami slice a nation's commerce! > Digital payments have
by jjoonathan 4y ago
It's amazing how fintech can create actual value when they aren't all just fighting over who gets to salami slice a nation's commerce!
> Digital payments have taken off in a big way in India in recent years due to the government’s unified payments interface (UPI)... But this boom hasn’t helped fintech companies in India as they do not make money from facilitating UPI transactions.
- alsodumb 4y agoThere was definitely massive digital payments drive before the speakers, and the article is exaggerating it’s effects. However, there was a good chunk of vendors who were not happy with the ‘check your phone every time you get a payment’ routine and this solution works out for them perfectly.
- raihansaputra 4y agoSame is happening in Indonesia. The central bank standardized a QR code format for ~all digital payments and people can do cross-platform payments. Makes stuff so much easier.