Sure, there’s no GST now, but MDR will come back sooner or later. Banks want their cut, and UPI infra isn’t free. Who’s footing the bill long-term?
0 replies
More like this
Recommendations from Medial
Chamarti Sreekar
Passionate about Pos... • 3m
Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees.
Fintech firms face high UPI processing costs, totaling
Days ago I posted this viral theory on how UPI going down thrice in a week - 26 & 31 March and 2 April - was most likely a staged drama! 🙏🙏
Following a kind update from supergood NPCI folks about how technical failures caused the outages, I decide
₹74,945 crore in taxes =
• The entire Mumbai Metro
• 75+ AIIMS hospitals
• 5 Bullet Train routes
• A full year of MGNREGA
• 3 free LPG cylinders for every Indian household
• 10 years of mid-day meals
• 50 Smart Cities
• Free electricity for 10 crore
See More
1 replies10 likes
AjayEdupuganti
Hey I am on Medial • 1y
Do you use a RuPay credit card with UPI?
How often does your credit card bill exceed your expectations?
Are you spending more because of your credit card?
I just want to understand whether this could become another potential debt trap for Indians
Paytm shareholders are ignoring this? 📛📛
The fintech giant was the only UPI app to be making money on UPI. And now that’s no more possible.
Here's all you should know!
..
The thing is, NPCI (via Govt grants) compensates the banks to up keep the
"Big Changes in Credit Score Rules by RBI – Here’s How It Affects You!"
Starting January 1, 2025, the RBI has introduced new rules that will make credit score updates faster and more accurate. Here’s what you need to know:
✅ Credit Score Updates Ev
Would you provide your Aadhar credentials for anything and everything?
Government Aadhar verification started with Banks, followed by telecom, UPI, Crypto exchanges asking for Aadhar verification. This was primarily done to enable transactions with
See More
6 replies6 likes
CA Jasmeet Singh
In God We Trust, The... • 1m
Here are 5 subtle signs your startup may need a Startup Chikitsa diagnosis:
1. You’re making sales, but there’s no cash in the bank 💸
→ Check your cash flow cycle – profit ≠ liquidity!
2. You’ve hired 4 people but still doing everything yourself