Discover and read the best of Twitter Threads about #UPICharge
Most recents (2)
Today I saw a trend of #UPI when many news outlets and in turn many people mis understood that UPI payments are going to be charged now on.
There is absolutely no truth about it. But it has a nuance to understand what actually is happening.
(1/n)
There is absolutely no truth about it. But it has a nuance to understand what actually is happening.
(1/n)
When UPI was launched it was a “from” side of payment source. Meaning you link your bank account to any UPI App, use UPI and make payments. Journey started with user making payment to “UPI handle” something like abc@xyzBank.
While UPI needed handle to pay, @Paytm was able to popularise a QR for merchant- A simple scan to make payments.
Once we launched UPI on Paytm. Paytm user were able to pay a merchant from@UPI linked Bank A/c.
(3/n)
Once we launched UPI on Paytm. Paytm user were able to pay a merchant from@UPI linked Bank A/c.
(3/n)
#UPIcharges #upicharge
#FUNDAMENTAL QUESTION
Visa & Master card networks provide Payment Guarantee and hence charge MDR. If there is a fraud, I can stop payment immediately. Not required to go to Police and Register an FIR.
What does #UPI charge the MDR for ?
#FUNDAMENTAL QUESTION
Visa & Master card networks provide Payment Guarantee and hence charge MDR. If there is a fraud, I can stop payment immediately. Not required to go to Police and Register an FIR.
What does #UPI charge the MDR for ?
#UPIcharges for what it’s worth, In #Singapore there is something called #PayNow which is just like UPI.
ZERO CHARGES the last that I know
ZERO CHARGES the last that I know
Meanwhile @TheDeshBhakt saved me the trouble of typing this 
