🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Laxit Rana
•

Repute • 6m

[PART -1 ]UPI is set to phase out debit card, and we will be here witnessing it :- - UPI is to introduce a new feature "UPI Circle" that allows users to delegate payment authority to family members or friends. So it basically enables primary account holder to allow others like children or elderly parents or trusted folks to make transactions using the primary UPI-linked account without needing to share physical debit cards. - UPI is also allowing cardless ATM withdrawals, meaning we can pull out cash from an ATM just by scanning a QR code on the machine with our UPI app, without needing a card or PIN. This makes ATMs cheaper to operate. This might be the most convenient era for users , what are your thoughts on this ?

2 replies9 likes

Replies (2)

Sujal Rana

Seeking guidance • 6m

I personally really liked this "Upi circle" as it will be easier for our close ones to make payments without any hassle and I've also heard that we can put a limit of about 15000 on these payments. So i believe there won't be any misuse too. But I dislike the new way of withdrawal of cash , as it doesn't seems that much secure and wayy easy to crack through.

0 replies1 like

Anirudh Gupta

CA Aspirant|Content ... • 6m

🚀

0 replies1 like

Recommendations from Medial

Laxit Rana
•

Repute • 6m

Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin

6 replies12 likes

BigLoot IN

BigLoot.in - Where S... • 4m

Indian Banks Are Shutting Down ATM Machines Because of UPI and Digital Payments 4000 ATM Machines Closed in Last 1 Year Cash Circulation in India is Still At All Time Record High of Over ₹34.70 Lakh Crore India Has Only 15 ATMs For 1 Lakh People

5 replies4 likes

Mahendra Lochhab

Content creator • 3d

Withdrawing cash from an ATM will now cost Rs 19 per transaction, up from Rs 17. Similarly, checking account balances at ATMs will now cost Rs 7 per transaction instead of Rs 6.

0 replies3 likes

Surya

Product • 5m

💳 The Future of ATM Withdrawals: QR-Based and Cardless 💳 QR-based, cardless ATM withdrawals are shaking up the traditional cash experience! 📲 With just a scan, no physical card is required, making transactions faster, safer, and contact-free—perf

0 replies2 likes

OMPRAKASH SINGH

Founder of Writo Edu... • 3m

How ATMs Make Money – Let's Find Out! 🤑💸 1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income. 2. Balance Inquiry Fees: Checking yo

6 replies5 likes

Mamidela Dinesh Kumar

Turning Ideas into S... • 11m

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

10 replies17 likes

Dinakar

Generalist • 10m

A story on ATMs - Total number of ATMs India had at the end of fy23 was 1.31 lakhs. These are standalone ATMs that aren't inside a bank's branch. This figure is about 1.5% more than last year. This tiny growth isn't driven by banks, but instead by

5 replies8 likes

Anonymous

Hey I am on Medial • 4m

Hey I am new to credit card game, purchased a product from flipkart I have some doubts regarding repayment Do i need to manually repay loan in credit card section of my bank app or it will automatically debit? I’m using canarabank credit card

4 replies3 likes

Anonymous
•

Speedpe • 7m

I'm currently laughing co-branded prepaid card for students with lots of cashback and UPI on prepaid card, by this they can pay to anywhere without having bank account using UPI, later we will partnership with universities cafe and restaurant as well

7 replies13 likes