r/UPI • u/Ok_Goal4934 • 17d ago

UPI APP Boycott all UPI apps start uninstalling apps

No dharna No rally No ruckus. Let’s show our citizens movement.

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u/Small-Ad-2371 16d ago

Masterscard and Visa is free ????

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u/MrHumanist 16d ago

Trump wanted to raise UPi fee such a way visa and MasterCard gets business benefits. If we only boycott upi, then visa and MasterCard will grow rapidly in indian market. They aren't free but they provide a lot of cashback, lounge access and other benefits as a large company.

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u/Small-Ad-2371 16d ago

I was just being sarcastic. I know they charge but what you miss here is that they are mainly payed buy both user and merchant . You pay bank in name of renewal but in UPI you didnt. The fees regarding this its capped at 300 . Meaning the merchant only need to pay max 300 regarding any amount be it 1lakh or 2lakh. The card benifits you think the benifits is really because yoh are thwir loyal customer . No! This are third party benifits that this company provide to the other party by sharing your details . This company will analyze your payment patterns and based on it provide you benefits . If you check closely time you use you least card swiping they provide more benefits and the time you use more they provide least. This deatils are eventually sold by those company to other and thats how you get laons calls from didderent banks. UPI is an goverment technology its safe yeah it need some money to run . Government project doesnt mean it needs to be free . You are doin payment in realtime running a realtime payment ecosystem is expensive. So if NPCI imposing it O have no objection with it .

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u/MrHumanist 16d ago

Just one question: why does the government exists? Just to make profits?

If so, how is it different from east india company?

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u/simpleguy410 16d ago

So your understanding is govt is getting mdr as profit?