Download App

Home

News

Pods

🚀

Startup Showcase

Notifications

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

Post on Medial

Siddhant Soni

Stealth • 6m

UPI has revolutionised the payment scenerio in India and indeed UPI involved complex tech and India is also giving this technology to other countries like Ghana. So my question is that, why countries like USA, Japan and other European countries are still not able to develop such type of system, as most of their payment mode is still cash, given the fact that they are way ahead than India in terms of tech?

12 replies12 likes

Replies (12)

LIKHITH

Stealth • 6m

They will copy paste and label it as Revolution made by our country #Making America great again 😆😆😆

0 replies

Subhadip Kundu

Stealth • 6m

They have legacy businesses to protect. These companies have a massive influence in the USA.

0 replies

Mr Z

Stealth • 6m

I think usa government want to save the visa and MasterCard like big companies.

0 replies5 likes

Darshan Parikh
•

upGrad • 6m

UPI system is a layered one. First thing is aadhar i.e. identification layer. Kindly note that aadhar was introduced in 2009 and UPI was launched in 2016. So there is around 7 years time to develop the tech post you have ground ready. Aadhar like system will never be implemented in USA as they are paranoid about privacy and they will never give fingerprint and retina scan to govt.

0 replies4 likes

SHIV DIXIT

Stealth • 6m

China created Cyber army and instruct them to do anything. I am pretty sure they will break UPI sequrity and capture India whole eco system.

1 replies3 likes

Anonymous 1

Stealth • 6m

Turns out they are not, when it comes to fintech

1 replies1 like

Recommendations from Medial

Anonymous

Stealth • 9m

Why is UPI not in foreign? Why couldn't any other country build something like UPI despite them having greater tech talent and a more tech-friendly government?

8 replies11 likes

Anonymous

Stealth • 5m

Is Medial available in other countries, or only in India?

1 replies5 likes

Anonymous

Stealth • 7m

What are the products that are exported most from India to other countries and Why? What are the ideal products which are cheap in India but expensive in other countries? how do you find buyers in other countries for your exports?

2 replies2 likes

Arcane

Stealth • 4m

ONE INTERESTING OBSERVATION SERIES DAY #2 With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case

10 replies10 likes

Mahreen Begum

Stealth • 6m

Do we have people from other countries as well or only India?

2 replies4 likes

Dr Arun Raj Jayarajan

Stealth • 8m

Why healthcare in India is underpenetrated than other countries? What do u think??

7 replies10 likes

Anonymous

Stealth • 4m

What should be the first step to start a conflicting ad campaign. (Ad campaign that hurts your competition but leaves them with no other option but just react lightly.) Scenerio 1- 2 food delivery companies Scenerio 2- 2 man grooming company Scener

5 replies5 likes

Mahendra Lochhab

Stealth • 5m

The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.

0 replies5 likes

Anonymous

Stealth • 6m

Idea: E-commerce platform for products from various countries like • France • Italy • Sweden • Japan • South Korea There can be various segments • Home decor • Skincare • Hair care • Daily essentials • Electronics items With t

2 replies3 likes

Gyananjaya Behera

Stealth • 5m

UPI Transactions Jump 5% MoM In May To 1,404 Cr Monthly Growth: UPI transactions rose 5% month-on-month in May to 14.04 billion, with transaction volume increasing 4.1% to INR 20.45 lakh crore. Yearly Growth: Year-on-year, transaction count surged