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It may be a terrible thing but it has brought such a big change to the Indian economy. Imagine doing that in US which is a much smaller population and all you g
by kshacker 3y ago
It may be a terrible thing but it has brought such a big change to the Indian economy. Imagine doing that in US which is a much smaller population and all you get is "choice" aka "freedom" to pay 3-5% credit card fee per transaction.
- kiratp 3y agoI'll take 3% over having a single payment processor I can't swap out. The change to the Indian economy was going to come through private investment anyway but the government blocked that. So saying the change came because of UPI is disingenuous at best because it never had to compete with any other offerings. No other entity was even allowed to compete.