Is it legal to do business "Transfer Money from Credit Card to Bank Account"? if legal should we need to take any approval or License?
Havish Gupta
Figuring Out â˘Â 6m
It's totally legal! You can do tha using PayTM, Amazon Pay and ton of other apps. Only thing is that you'll have to pay ~2.35% fees
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Kamalesh B
Building STARTUP!! â˘Â 15d
Iâve noticed that even though we have Indian apps like Paytm and PhonePe, a lot of customers still prefer using Google Pay. It makes me wonder why foreign companies still have such a strong hold in India.
I was a user of Google Pay and Paytm but once I started using Phonepe, nothing else was good enough.
7 replies14 likes
Vishu Bheda
Transforming vision ... â˘Â 8m
đ¨ Market Share of UPI Apps (July 2024)
⢠PhonePe - 48.3%
⢠Google Pay - 37%
⢠Paytm - 7.82%
⢠Others - 6.88%
CRED is Now The 4th Largest UPI Player.
1 replies6 likes
Laxit Rana
 â˘Â
Repute â˘Â 6m
Finished implementing phonePe in my company and to my surprise total merchant traffic of phonepe was more than of Paytm, Amazon Pay, flipkart seller and Bharatpe all combined. we may be using Gpay or Paytm for day to day transactions but it's PhonePe
Amazon India has undertaken its highest-ever reduction in seller fees as it squares up for growing competition in the sector
- The company has introduced zero referral fees on over 1.2 crore products in the low-value category, i.e. less than Rs 300
How we can create an app like Phonepe and Gpay that are QR based for payment purpose
What are the challenges for merchants in using these apps which can be resolved?- if anybody is using these apps as a merchant pls guide
What are the legal require
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2 replies4 likes
Uttkarsh Singh
Learning â˘Â 1y
Google pay is shutting down its US business, Paytm is already struggling here in India, Google playstore is delisting some apps but in all this; PhonePe is launching the Indus App store, interesting đ
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- Signup using a disposable email on Bitrefill
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- Pay using their wallet for gift cards like Amazon, PhonePe, Zomato etc
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India may have created huge technologically advanced Startups based on UPI but in reality it's no more Indian to be honest . US Monopolies in Indian Market in every important sectors.
đJust take a look.
PhonePe (Owned by Walmart, USA) â 48.9%
Goog
Tired of sharing your QR Code or UPI ID manually? Generate a secure UPI payment link in just a few clicks and start receiving payments instantly. Works seamlessly with Google Pay, PhonePe, Paytm, and all UPI apps.
https://upi.liveyst.com/
