UPI News & Updates
- Thread starter Sushubh
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dextermorgan
I got banned!
I don't know abt who exactly youre referring to here
but telcos were asking 1.5 Rs for every USSD messages. But now its costs 50 paisa (?)
When I used USSD *99#
It gave me error saying that account not registered contact ur bank to activate XYZ thing (something like that)
And it also deducted 2-3Rs from my balance!
So it means banks "dont pay" for USSD service but subscriber does.
It gave me error saying that account not registered contact ur bank to activate XYZ thing (something like that)
And it also deducted 2-3Rs from my balance!
So it means banks "dont pay" for USSD service but subscriber does.
@mhsabir - thanks for your responses!
I think UPI will not flop as it makes everything similar to E-mail address.
Plus it does not cost banks much (infact earns them money per transaction)
Only thing I predict is money going to wrong account due to spelling mistake in ID
I also predict UPI based frauds coming up soon!
I think UPI will not flop as it makes everything similar to E-mail address.
Plus it does not cost banks much (infact earns them money per transaction)
Only thing I predict is money going to wrong account due to spelling mistake in ID
I also predict UPI based frauds coming up soon!
It is developed by National Payments Corporation of India (NPCI). The app is basically same for all banks and it is interoperable allowing you to add other bank accounts. But I think you need to register first with any one of the banks you have an account and then add other bank accounts.
This makes making payments easier and faster because you don't have to remember all the details of your bank accounts and the recipients bank accounts, and such information need not be shared so it will not be transmitted either.
