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Siddhant Soni

Hey I am on Medial • 1y

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 Replies

Replies (12)

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

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 Reply

Anonymous 1

Hey I am on Medial • 1y

Turns out they are not, when it comes to fintech

1 Reply

Vishu Bheda

AI did the magic • 1y

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

Darshan Parikh
•

upGrad • 1y

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.

LIKHITH

"You never know" • 1y

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

Subhadip Kundu

Co-Founder @Octen • 1y

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

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Anonymous

Hey I am on Medial • 1y

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 Replies

Anonymous

Hey I am on Medial • 1y

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Hey I am on Medial • 1y

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Anonymous

Hey I am on Medial • 1y

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

1 Reply

Arcane

Hey, I'm on Medial • 1y

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 Replies

Mahreen Begum

Hey I am on Medial • 1y

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

other countries

India

Votes: 25

2 Replies

Mahendra Lochhab

Content creator • 4m

UPI, established by the National Payments Corporation of India (NPCI) in 2016, is the dominant payment platform in India, processing over 75% of the country's retail digital payments.

Anonymous

Hey I am on Medial • 1y

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