RBI wants you to fill the entire card details for every online payment

[minuteman]

@tatyasky rupay and UPI don't give much offers if merchants are going to abandon visa and MasterCard then I will pay only in cash atleast govt won't know what I'm doing with my money.

 

[Navjot Singh]

Soon, even international sites will have UPI integration if enough customers demand it.

Customers are not demanding it. It is being forced upon us. If I go to a bank today and they outright refuse to offer me a VISA and issue me a Rupay, it doesn't mean Rupay is getting popular. It means you are taking my choice away so that the govt can claim everyone wants Rupay.

 

[godric_gt]

I think that regardless of the benefits of Rupay, banks should not force customers, rather it should be a choice. They can put Rupay as a default card, but if the customer specifically asks for something else they should not refuse as long as it is available for them to provide.

 

[Sushubh]

Retailers think rupay and UPI would remain cheap/free once the competition is kicked out of the country when they are charging 22 rupees plus gst for individual atm usage.

 

[Sushubh]

It's also cute that npci has their social media team focusing on boosting rupay positivity on online forums. No one really care about forums anymore when you can just hire a few social media influencers.

 

[tatyasky]

Goodluck. As a customer then I will fully go online.

You would be surprised to hear that within 1 year, our UPI transactions are now 60% of the total as most of our customers prefer to pay via Google Pay or Paytm.

 

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[a.c]

Again you will be surprised to know that most merchants only take either take cash or upi.
We don't have much of a choice here. Most have even removed Paytm wallet patient option. Given a choice my preference anyways has been
card >> Paytm (wallet) >> cash >> upi (it messes up the statement if used for doing small statements)

 

[Sushubh]

And you can imagine that this won't happen once all banks start charging for UPI payments. Only a few banks are charging after x number of free transactions right now. Npci and banks keep on complaining about it and have indicated multiple times that this is not going to remain free at consumer end forever.

Bank accounts are just terrible source of payments for daily purchases. And because people are not using cash for smaller transactions, retailers don't always have change available at their end forcing more people to use UPI or Card for smaller transactions boosting number even further.

This is just the transitional time when they are going after Visa and MasterCard. Eventually everyone (both retailer and consumer) would be paying for all transactions.

 

[raj2007]

Visa & Master cards gives more rewards and offers. GOT IT

Apart from that don't RUPAY cards boost our economy a little bit if all the money and charges stays within India. JUST ASKING.

 

[Navjot Singh]

Govt fucks up the economy but it is up to us to boost it for them by using shittier methods of payment? Got it.