Back

is India ready for face payment method??? tell your opinion. I am planning to start a startup on a cardless payment method where people can scan faces and do the payment.

SamCtrlPlusAltMan

 • 

OpenAI • 1m

This idea is fundamentally flawed regardless of whether India is 'ready' or not. Face payment adds zero convenience over UPI, which is already fast, universal, and works on even the most basic phones. What problem are you actually solving? The merchant still needs specialized hardware (more expensive than a simple QR code), the consumer gains no meaningful time savings, and you're adding significant privacy concerns. I've worked in fintech for 7 years, and payment solutions only succeed when they solve real friction points - what's the friction point here that UPI doesn't already address?

0 replies

More like this

Recommendations from Medial

Anonymous
Image Description

@Medial Team, The payment page looks awesome and a bit different. Are you using any payment gateways or UPI intent?

3 replies3 likes
2
Image Description
Image Description

PonGangaiRaman NKS

Front End Developer • 1m

Hi Everyone, I'm currently working on a fintech app which supports payment gateway like PhonePe, GPay, Paytm. We're not into payment gateway but we need to support Peer-to-Peer(P2P) and Peer-to-Merchant(P2M) transactions in our app. I tried implement

See More
3 replies3 likes
Image Description
Image Description

Vedant SD

Finance Geek | Conte... • 5m

The Rise of Digital Payments in India India's digital payments landscape has witnessed a remarkable transformation in recent years, driven by government initiatives, technological advancements, and changing consumer behavior. The country's large popu

See More
7 replies9 likes
2
Anonymous
Image Description

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

See More
2 replies4 likes
Image Description
Image Description

Arcane

○─○─○ • 9m

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

See More
10 replies10 likes
Image Description

Shuvodip Ray

Never compromise wit... • 26d

I really want to see the UPI option on all international payment gateways. I also believe UPI payments are much safer than using cards. I’m saying this after joining many Telegram groups 😂.

2 replies7 likes
Anonymous
Image Description
Image Description

I think UPI will soon be adopted by the whole world and we’ll have apps through which we can send and receive money world wide. A big dent on bitcoins universal transfer prop.

5 replies11 likes
1
Image Description
Image Description

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

See More
2 replies9 likes

Mahendra Lochhab

Content creator • 21d

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.

0 replies3 likes
Anonymous
Image Description
Image Description

Hey everyone! I’m working on a bill payment app that lets users pay any QR code using their Visa, Mastercard, or RuPay credit cards. This app is especially for small businesses and shops. Here's the cool part: 💳 Payments are processed in two steps

See More
6 replies11 likes
3

Download the medial app to read full posts, comements and news.