UPI might have fees on third party apps from next year

[Sushubh]

From January 1, 2021, the users may need to pay additional charges while making transactions from Amazon Pay, Google Pay, and Phone Pay. National Payments Corporation of India (NPCI) will impose an additional charge on UPI Payment Service (UPI Payment) run by a third-party app beginning from January 1. NPCI has applied a 30 percent cap on third-party apps starting the new year. Paytm will also need to pay this charge.

Rules changing from January 1: Everything you need to know in detail

As some rules are changing from January 1, 2021, it is necessary to know about them in detail.

www-indiatoday-in.cdn.ampproject.org

 

[Jonas]

Cannot provide any employment to the general category and the masses except suggestions to sell pakodey, but would leave no option to make money from them.

 

[JB701]

1. Force everyone to put money in banks
2. Charge ton of fees for everything
3. Profit without creating any goods or services

FYNANSE

 

[Jonas]

Our farmers seem to be well aware of it, hence the protest. Government is using this method virtually everywhere.

 

[Netmagic]

Cannot provide any employment to the general category and the masses except suggestions to sell pakodey, but would leave no option to make money from them.

in W.B CM Mamata Banerjee suggest West Bengal youth to sell Chop (Vegetable Cutlet), Repair Cycle and you will become millionaire.

 

[shashankb]

And then they encourage cashless payments
I wonder if India is going backwards in time just like Tenet

 

[Smh]

Street food is a profitable business though. In Delhi sell momos

Can be pre-prepared, some people have even started their whole sale momos business they sell to small vendors.

 

[Jonas]

Nothing beats chai business. And I think the last few posts should be moved to the offtopic thread. We got carried away .

6 Months After Losing Job, Security Guard Earns Rs 2 Lakh/Month with Tea Startup

Have you ever longed for a steaming, hot cup of ginger tea brought to your bedside, no muss, no fuss? Well, this Pune-based tea-delivery startup promises

www-thebetterindia-com.cdn.ampproject.org

 

[Smh]

For chai business you need a good location near offices and customers will be already subscribed to some chaiwala. In the above article that guy makes 50k profit and had to hire people to deliver.

Biryani also sells well but requires some capital and not easy to master.

Momos and similar Indian chinese street food can be started with pretty low capital, very high demand so you do not need a shop at a prominent place from the beginner. Not sure but I think you can even prepare and store them in fridge so less chance of loss.

 

[LordSpymaster]

Momos can be frozen for months, if made well. Have done that and eaten after months, no issues.