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

News

Messages

Try our Valuation Calculator →

Back

Anonymous

Hey I am on Medial • 3m

Please Medial family Fill the form below about digital banking penetration in the Indian economy https://forms.gle/ijUBNapH5cvMECiC6

Anonymous 1

Hey I am on Medial • 3m

1. You don't have ask about interface and cashback, because those both are the only thing people see rather than other options. 2.Indjan digital banking is more secure than western countries but inconvenient to use. 3.India is already a fully digital

Havish Gupta

Figuring Out • 3m

1. Yes we do have to ask about that. I won't consider using shaddy site just because it has good ui and offers cashback. 2. Wdym by Indian Digital Banking is inconvenient to use? Infact India has one of the best online payment system in the world.

Anonymous 1

Hey I am on Medial • 3m

1. In the options given he/she no where mentioned about shaddy site ? And in site you can't get a payment like UPI done, UPI has certain sets of rules and regulations to be followed in consideration of not allowing companies to use "Shaddy" techniques in UPI payment processing. 2. Use the one's which are better, then you will know. Have you ever used Indian NetBanking portals ? They seem old, traditional websites. Try using Chase, Wells Fargo, BOA, Swedbank online banking portals you will know how much better they are :) 3. India is a digital banking economy, 95% transactions are processed digitally in India. You can check it on PIB reports issued by DII - Digita infrastructure of India.

1 Reply

Replies (1)

Havish Gupta

Figuring Out • 3m

1. He did mention 'security' and 'customer service' which indirectly hints to a shaddy websites. Also it's not just about private companies, if you also talk about some government bank's website, I can never be sure that it would process my payment and talking to anyone if there's an issue would be a complete torture. 2. Yupp, I completely agree that most of our bank's website are terrific. The ui is not changed since the beginning and it's over all a terrible experience compared to the sites of international banks like HSBC, SC, Amex along with the banks you listed. Tho, that doesn't prove them better. Even with a better ui-ux, bank to bank transfers take 1-3 days (not minutes), there's no easy way to make instant p2p payments directly from your bank to someone else's and there are charges everywhere (ok, we can ignore that). In India, you can do almost any of those payments almost instantly directly from your bank ac to someone else's. That's why even Google had written letter to the some us ministry requesting them to introduce something like UPI in the us too because of it's convience. 3. Bro, your data is slightly off. That 95% number only applies to online banking transactions..not the overall all payments where Cash still dominates. The same report also reveals that as of 2023, only 40% of the overall transactions made were online (rest were cash). Compare this with country like China where 95% of the total payments are made online and where cash is considered old school.

Recommendations from Medial

Anonymous

Hey I am on Medial • 1y

Any thoughts on payment verification through fngerprint? Can it be applied on payment modes like CC/DC/UPI/EMI/Netbanking?

1 Reply

Shiva Prasad
•

Lognormal • 7m

Hi Guys, Did anyone work with Payment Aggregators like JusPay, Decentro etc.. What are their charges for UPI Payments, Credit Card, Debit Card and NetBanking transactions. I am looking for a PaymeyGateway Aggregator for SaaS product where each cl

Arcane

Hey, I'm on Medial • 6m

A QUICK SNAPSHOT OF HOW INDIA PAYS Let's start with UPI 1/ UPI dominates everyday transactions because it requires almost zero mental effort and well, it's free (for now). Would be interesting to see how this changes once charges are introduced. 2

13 Replies

RV Dhameliya

Student • 4m

In the last five years, cash withdrawals initially increased but are now declining, while the number of ATMs is steadily decreasing. 1. Cash Withdrawals Growth → Then Fall Growth till 2022–23, now falling. Digital payments like UPI, QR codes, wall

Vaibhav Chaudhary

Founder & Developer ... • 10m

Benefits of Using Indian Web Browsers 3. Ad-Free Experience Many Indian web browsers come with built-in ad blockers, ensuring a clutter-free and smooth browsing experience. This feature not only eliminates intrusive ads but also improves the loading

2 Replies

Daniel

Freelancer • 9m

With our services, you can focus on your growth while we handle your website's technical and operational needs. Features We Provide Product and Catalog Management Add, edit, or remove products Custom attributes for product descriptions. Real-ti

vishakha Jangir
•

Set2Score • 1m

𝗚𝗲𝗻𝘇 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝗶𝗮𝗹 𝘀𝘁𝗼𝗿𝘆 𝘀𝗲𝗿𝗶𝗲𝘀: 𝗖𝗵𝗮𝗽𝘁𝗲𝗿 8 𝗥𝗮𝘇𝗼𝗿𝗽𝗮𝘆: Founded in 2014 by Harshil Mathur and Shashank Kumar, IIT Roorkee graduates in their early 20s. Idea came when they faced difficulty integrating a

Anonymous

Hey I am on Medial • 1y

hey devs i am a kid who is new in tech, help me explore this world what are different types of software/tools which are in demand ? i heard about a few - ecommerce apps, social media apps - online tools like code editors/ pdf converters/image resi

4 Replies

Harsh Dwivedi
•

Medial • 1y

Top News Of the Day: 1. Digital banking infrastructure company M2P Fintech has raised Rs 35 crore debt from Anicut Capital. This appears to be the first debt round for the Chennai-based company. 2. Audio series platform Pocket FM announced that the

9 Replies

Aditya Arora
•

Faad Network • 10m

Meet the woman who failed thrice before building India's 100th Unicorn startup. 1. After graduating from IIM Bangalore, Mabel Chacko wanted to start India's first biometric payment interface. In 2006, she began Touch2pay and launched the technology