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Vaibhav Gupta

Stealth • 7m

UPI's Credit Revolution CIBIL is at the forefront of credit scoring in India, but the potential integration of UPI transaction data could dramatically transform how financial worthiness is evaluated. Imagine financial institutions using insights from declined transactions due to insufficient funds, types of merchants, and transaction locations to make more informed lending decisions. Similarly, insurance companies could analyze spending patterns—like frequent purchases of cigarettes through UPI—to adjust health-related premiums accordingly. This innovative approach could vastly improve the precision of credit and insurance assessments, but it's still in the early stages and not without its challenges. Chief among these is the issue of data privacy. As we move towards a system that can utilize such detailed personal spending data, the key question remains: Are consumers comfortable with their everyday purchases being closely monitored for financial profiling? What do you think🤔 🤔?

0 replies8 likes

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Applyly

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Paytm has launched a UPI statement download Feature By Applyly November 7, 2024 Introduction Paytm has launched a UPI statement download feature to support users in managing expenses and tax filing. This tool is common in developed countries. But Pay

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AjayEdupuganti

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Do you use a RuPay credit card with UPI? How often does your credit card bill exceed your expectations? Are you spending more because of your credit card? I just want to understand whether this could become another potential debt trap for Indians

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Mamidela Dinesh Kumar

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Adding UPI to credit card is the ultra pro max definition of making one more poor. Would you take upi enabled credit card ?

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Here are the major points or key components of financial literacy: 1. Earn: Understanding your paycheck and knowing how much money you make . 2. Spend: Creating a personal budget and tracking your spending . 3. Save and Invest: Determining your fi

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Ameya kshirsagar

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hello frends this is my first time presenting my Ideas so hope you would guide me and upvote my idea MagicFinance is a comprehensive personal finance app that empowers you to take control of your financial life. This all-in-one solution allows you

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Inactive

Stealth • 5m

India's Youth in a Debt Spiral Soon ? Easy Monthly Installments (EMI): The siren song of modern consumerism. But is it luring India's youth into a financial JHATKA ? 🔌 The EMI Trap Explained: → Attractive low monthly payments → Long repayment per

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Anonymous
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Did you know that you can earn cashback from every single transaction on the slice upi app?

1 replies4 likes

Saksham

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Supreme Court Looks into Credit Bureaus' Data Practices The Indian Supreme Court is investigating four credit information companies: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. These companies are accused of violating the privacy of mi

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PRATHAM
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What's Your Opinion On Data based startup❓ Intro: See In the current era of AI, To make AI model lots of data is required and so how about building a startup based on data provider, data servers, or anything related data. What could possibly be it's

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Rakshak Gupta
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Quixy • 2m

when we send money or do any kind of transaction with the UPI we get the rewards mostly the voucher we don't do most of the vouchers instead of can we have a vouchers which we want?

0 replies2 likes

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