Heading back to the stone age
Talking product sense with Ridhi
9 min AI interview5 questions
But that's because it is a law, market cap cannot go beyond 33.33% for a single player in UPI
How's it going back to the stone age?
The intent to reduce the market share is right. UPI is fundamental to the growth of our economy. It's just sad that no other player is able to step up. BHIM was a great initiative but they need to push it harder if they intend to reduce the market share of others, cause phonepe or GPay have little control over their market share anyway
But then, they should support the market. This Paytm incident will instill fear in the mindset of VCs and founders. I doubt if a new player would have the courage to enter the market and compete with these existing players.
Consider what they did with fantasy gaming apps. Why did they initially allow these companies, only to attempt to dismantle them after 2-3 years?"
Paytm incident is completely on Paytm. Compliance isn't to be played around with. They fucked around and found out.
Indians don't have the safety net of economic power (like the US does) to withstand huge instabilities. RBI being prudent helps and they've been doing a fantastic job of maintaining economic stability.
Do any of the companies gain (directly) from gaining UPI marketshare? No, they make little to no money on UPI. Even more reason to not hand over the power to one or two players. Imagine phonepe and GPay collude to charge transaction charges?
It is not Stone Age but learning from History
It helps in reducing systematic risk
Imagine only 1-2 players
-If system goes down what happens to digital India
-What happens to caps on fees - see Google play for example
-And more such reasons
I thought Adani has the monopoly in power market and many more and government support him.
Woah ! Where is Adani coming into this! Ok if u really like to explore , pls tell me two players who were more deserving then Adani in power but lost in open tenders .
(PS : Adani may not be a saint , but that’s not what we are discussing here )
Now road cleared for Ambani pay to corner the market.
You need to learn from west. Learn from their mistakes. They have a very strong law against monopoly but they loopholed by playing duopoly . Check every large market is captured is a duopoly. Our govt is smart enough to observe and tackle this.
Startups: life is tough right now Government :: We exist to screw you and claim to be one of the best startup hubs
Paytm was quick, and so is Gpay. Phonpe is slow. How do we expect anyone to use multiple apps for one purpose. Maximum 2 apps is all we can handle easily
The intent is to ensure that Walmart doesn't control us.
US is known to meddle with world economy. CIA will do anything to ensure that competitor are kept below them.
Hacking and injecting virus into and cripple the system. See Die Hard 4. Diversifying the apps ensure that CIA fails. US anyways hates UPI and it's growth.
Just see the Israel, Ukraine, Iran, Afghanistan, Pakistan. All the countries allowed CIA to do their dirty work.
You should consider that they are doing dirty work if there is no news of them.
Great !
I think it's more important to make sure it's spread out across merchants. Whatever people use is irrelevant, but what merchants use is important because that's where bulk of transactions happen.
IMO, banks should be providing it for the merchants. Ask government to subsidize if needed