UPI 2.0

[Sushubh]

UPI 2.0 Could Be Great for Consumers, but Bad for Your Favourite Fintech Companies | NDTV Gadgets360.com

It would bring a bunch of features which would make life convenient. But it would also require Aadhaar so I would probably stop using it when it goes online.

 

[Sushubh]

Source

 

[Sushubh]

Upgraded UPI may be rolled out on Friday - Livemint

 

[Sushubh]

upi 2.0: Transaction cap may be doubled to Rs 2 lakh in UPI 2.0 - The Economic Times

 

[Navjot Singh]

'MayBe' lol.

 

[Navjot Singh]

The standing instruction feature would have enabled consumers to instruct banks to debit their accounts regularly for repeat transactions, much like the auto-debit facility for loan repayments or mutual fund investments. NPCI was trying to introduce the feature to save users the hassle of manually authorising such payments repeatedly.

“I think the central bank could have felt that such a feature would be contrary to the two-factor authentication that the RBI has mandated for digital payments within India, hence no approval", the other banker said.

Wow.

 

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[Sushubh]

even though auto-debit seems to work with credit cards now. and rbi itself has allowed nfc based cc payments under 2K without pincode lol.

 

[Sushubh]

UPI 2.0: UPI to get upgrade this week. Here are some of the new features you can expect

 

[Sushubh]

[Exclusive] NPCI may turn off UPI switch for third-party apps with monthly volumes less than 5M

 

[Navjot Singh]

The first app that came to my mind was Simpl. I am not sure if it gets that many transactions.

 

[Sushubh]

Simpl is a retailer lol.

 

[Sushubh]

UPI 2.0 falls short of analysts’ expectations - Livemint

 

[Sai]

Simpl is a retailer lol.

Simpl is a Buy Now Pay Later service.

 

[Sushubh]

Which makes it a retailer where you pay your bill using upi.

 

[Sushubh]

UPI 2.0 Prepares For Mid-August Launch Sans A Key Feature - Bloomberg Quint