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thematrixturtle
on Aug 18, 2022
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Can the Visa-Mastercard duopoly be broken?
"Markets" here means some limited ability to transfer to/from India, but nobody uses UPI for domestic transactions in these places.
Singapore has an equivalent system called PayNow, which is equally instant and ubiquitous.
bergenty
on Aug 18, 2022
[–]
PayNow (NETS) works with ~5 banks and is effective within a place as large as major city. Hardly an analog.
thematrixturtle
on Aug 18, 2022
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I'm responding to the earlier claim that UPI can be used in Singapore (or anywhere outside India), which is really not the case.
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Singapore has an equivalent system called PayNow, which is equally instant and ubiquitous.