Zero balance Jan dhan accounts were not mentioned. It was a crucial and important step in the success of UPI adoption
@Sumitkumaar0999 Жыл бұрын
Actually corona helped 😂😂😂😂
@LoveMaze-kw1le Жыл бұрын
True
@Dhaked Жыл бұрын
50 million Han dhan account have 2.5 trillion rupees now 🎉
@jayk9441 Жыл бұрын
@@Sumitkumaar0999upi user were high even befor corona
@relaxingmusicandpoetry1438 Жыл бұрын
@@Sumitkumaar0999nope. UPI saved us indirectly from CoViD.
@MrReachashish Жыл бұрын
Moved to German in 2015 and I can say this India is miles miles ahead of most of European nations too. Especially Germany which is still stuck on faxes and letters. money sent to a bank still takes 2-3 days to get deposited in target accounts. no QR codes nothing.
@akash_bardhan Жыл бұрын
What da faq! 2-3 days just to transfer money? In India it will only take 2-3 seconds. & You can also transfer money while you are in bathroom.
@TrainsandRockets Жыл бұрын
@@akash_bardhanyou transfer money in bathroom bro? 😂
@ind-rishiyt1600 Жыл бұрын
@@akash_bardhan😂 the last point wasn't nessacery
@kakun63 Жыл бұрын
no way germany is so advanced india is still very far behind
@ajinav2602 Жыл бұрын
Not true at all, SEPA payment is instant, you can send money to any account in the EU instantaneously.
@srikanthalva Жыл бұрын
India also made it easy for people to port their phone number between providers. This enabled users to stick with one phone number and not worry about updating their aadhar everytime they changed providers
@sahil17 Жыл бұрын
You Did made a valid point of expanding UPI by making it more accessible to foreigners instead of signing agreements from various countries. UPI has the potential of becoming a product which world uses just like many products that have been coming in from USA , China or EU.
@realbulldozerbaba Жыл бұрын
But the thing is it's not a wallet. It needs banks at the backend.
@advitiayanand5974 Жыл бұрын
It isn't a product, it's a technology.
@abinashpatra6791 Жыл бұрын
Its already happened in during G20 foreigners can do upi transactions
@ruchir2235 Жыл бұрын
It's digital "public" good means the governments of those foreign countries have to sign up and provide the backend infra for UPI
@anodominate Жыл бұрын
@@realbulldozerbabaWhat about CBDC??
@SBha30 Жыл бұрын
"I paid a beggar via UPI"🤣 Knowledge about India and humor in one show - I love this!
@TukulParida Жыл бұрын
UPI is already accessible to all G20 countries tourists through a wallet system. International tourists can use them as per their needs without having a bank account in India.😊 It will be further expanded to other countries as well.
@Hmez Жыл бұрын
the point he was trying to make was to have UPI link between say Amex & Indian banks then the need for wallets is void and true purpose of UPI that is bank to bank transactions can go global
@devashishattri3154 Жыл бұрын
In my opinion, why UPI cannot collaborate with international private players is because all these players are a profit making enterprise and charge a decent amount as commission. Whereas on the other hand UPI is free and not a profit making company
@rajcha8976 Жыл бұрын
UPI is free because now the govt had your data. The "fee" is hidden in the billions of cost saves the govt will have if they had to buy your identifying data.
@@rajcha8976 but you need give data. it doesn't matter if it's private companies or govt but rather who you would trust and that's why upi not a profit making system for Indian government. But I don't really understand that much about online backing and how it's work behind the scenes. Just what I think.
@yam2050 Жыл бұрын
Nothing is free dada..
@devashishattri3154 Жыл бұрын
@@yam2050 I know nothing is free and the govt is incurring the cost, in this years budget also provisions were there to keep UPI afloat. The question is how many foreign govt will incur these charges. Also if charges are levied, they will be much cheaper than other payment methods. Consider it as a customer acquisition cost
@cknk8262 Жыл бұрын
100% agree on point of introducing some version of UPI so that foreigner travelling India can quickly setup and use the UPI feature without any hassle. Government should think about it, it will be a boost to tourism sector too.
@aceace7890 Жыл бұрын
It’s already in place, at the airport foreigners can transfer cash to their UPI account for spending. The service desk helps them create the wallet and set it up
@karthik_kwads Жыл бұрын
A great discussion! Glad to hear some good discussions happening. If and when UPI goes global, it would serve one of the purpose what crypto was planning to do. Hope to see more products go global.
@backstagewithmillionaires Жыл бұрын
Absolutely, same here! Really hoping it goes global in a big way. -Caleb
@studentslife9730 Жыл бұрын
@@backstagewithmillionaires sir UPI easy but cyber crime cyber fraud in india increase very high rates
@abhishekaryan37499 ай бұрын
UPI is actually now available to foreign tourists coming to India even if they dont have an Indian bank account. That pipe dream came true sooner than anticipated.
@guneetkochar7083 Жыл бұрын
There's a few mistakes and different approach you guys took! You were absolutely correct and statistically sceptical which was very nice to see... But although we compare it to wepay or alipay! UPI is different! UPI is a part of stack... Which enables products like ONDC & OCEN to nurture too, which others don't. And also, if you read the doc/mou between the countries accepting UPI you'll get to a clause where they can transact with other upi enabled country too which is different and unique from other parties. UPI sharing agreement is free digital public good so sharing will be with govt and not private individuals! Which also embarks a rapid trusts with citizens and govt! The stack includes unified digital structure for hospitals/healty and also logistics(national logistics policy) and also Govt transactions (G-em) which (technology) can also be shared in future in the name of INDIA STACK. Hence UPI is just the opening of export of digital goods! So although I trust you guys much more than random ass articles, I would still suggest you to have bigger picture! 🇮🇳
@barryobrien1890 Жыл бұрын
How does India control the flow of funds on international transactions as it's instant and may not be easily tracable if bad actors use upi for criminal activities. FDI and banking outside India is highly controlled today. Do you know if India will charge a 5% tax on international UPI transactions like they do with international credit card transactions. UPI has no insurance or support for fraudulent transactions as it's free, so it's very susceptible to fraudulent activities, and there is no incentive to fix the problem. As it's instant, reversing errant transactions is not possible.
@chintansavjiyani8711 Жыл бұрын
They are comparing UPI with wechat and visa but India is competing with SWIFT network, initially start with remitting money or indian tourist can use UPI in offshore, then same method will be used for those countries expoter/impoter and vice-versa
@bunwat223 Жыл бұрын
That's what i think too. Wechat and visa maybe comparable to some extend to paytm or phonepe
@akashtyagi1269 Жыл бұрын
You are right, there are much more intelligent people sitting out there working on UPI, and these people are comparing it with wechat😂 and giving suggestions how India should expand upi
@AVB_7778 ай бұрын
Still visa and master card growing in double digits in India and upi frauds also growing in double digits 😂
@nishu413 Жыл бұрын
My uncle (fathers cousin) moved to Uidai from Infosys at start of aadhar as a manager. He used to live near my home in bangalore .He was there for long time Now i feel really proud that someone who i know and from my family has built growth engine of indias financial success
@pratikmohite6202 Жыл бұрын
The RBI has allowed UPI transactions for travellers from G20 countries. The Reserve Bank of India had issued a circular in February this year, allowing access to Unified Payments Interface (UPI) to Non Resident Indians (NRIs) and foreign nationals visiting India.
@tempaccount8256 Жыл бұрын
Very informative and thoroughly discussed points of UPI. BWM is killing it with every video they are pushing Great insights. 😸
@Lazylama25 Жыл бұрын
He is absolutely right that what works for India won’t necessarily work for other countries and somewhere the offering has to go as a global offering and not targeting smaller demographics focused on India
@rajeshkannan8608 Жыл бұрын
Caleb's idea in the end seems more optimistic than bringing UPI technology to another country...You got me mann😉!!!!!!!
@adiytuber Жыл бұрын
Used my time wisely through this video ❤.
@backstagewithmillionaires Жыл бұрын
Glad you enjoyed it adiytuber 🙂 -Caleb
@shuvadeepdey2574 Жыл бұрын
@@backstagewithmillionairesI agree with the foreigner here. India is getting overconfident and over optimistic way too early. There is lot more to do.
@surajbsing Жыл бұрын
Guys, loved the entire talk.. Great perspective from both of you! Thanks
@jaguarjegan1246 Жыл бұрын
If it scales like what you said in the end, then there is no stopping for UPI to become a global payment system...but interlink of different banks from different country takes time if it's done, then there is a big growth for UPI.
@Aditya_Prabhune Жыл бұрын
Here, Caleb is right, giving one country's transaction data or even access to transactions can be a security threat and hence makes it unlikely to be used and trusted that easily.
@brotato9667 ай бұрын
Such Informative video without sensationalism. Appreciate it.
@mt8462 Жыл бұрын
1) India cannot hand over the UPI tech as is to any country to protect it and will always play intermediary role. So only small countries which don't have the real time tech yet will absorb the tech into they system. 2) UPI will enter into developed countries and integrate with their native tech to simplify cross border payments. If played right, the more countries we are in, the more cross border payments we can process in between those countries as well (role of xoom, wise and other exchanges)
@chintansavjiyani8711 Жыл бұрын
Yes this will be directly competing SWIFT and make cross border payments so easy
@daydreamers710 Жыл бұрын
India's case is not really a tech superiority, but a great use of Authority and Regulatory Boards. It provides that security and transparency coz our banking ecosystem is built that way.
@romeolaila9254 Жыл бұрын
really my every second spent on this video was worth it.
@praneethkitsinfy Жыл бұрын
I agree Canada is in stone age with respect to payments and banking. I feel frustrated when ever I have to do some transactions in Canada.
@Xyz14109 Жыл бұрын
😂😂
@Xyz14109 Жыл бұрын
Thank God I am in india
@jaibholenath69007 ай бұрын
But many Canadians make it a point to say Bharat is a 3rd World Nation
@initiate_AK96 Жыл бұрын
I recently visited Bhutan ... actually UPI does not work in Bhutan for Indian tourists... although Bhutan did develop their own online payment interface with the help of India similar to UPI. But Indians will not be able to use Indian UPI apps with Bhutanese Payment QR. Cash is the only way to pay for Indian tourists.
@mukul.handiekar Жыл бұрын
Very informative and objective video from both India and the global perspective.
@ayushkumar-gs1oj Жыл бұрын
I liked this discussion very much. Thanks for this fruitful information.❤
@sundararajanramaswamy46069 ай бұрын
Wonderful presentation!! India is going places!! It is interesting to know that Canadian psyment system today is still in stone age!!
@MihirPathare Жыл бұрын
I've seen a kiosk at mumbai airport arrivals once where foreign visitors could load up a UPI wallet to use in the country. Perhaps that was a pilot.
@BlackHawkTejas Жыл бұрын
Used for G20 countries citizens!!! Yup! Could be a trial!
@Valuablelesonsofstartups Жыл бұрын
Caleb your stories are incredible
@backstagewithmillionaires Жыл бұрын
Thank you 🙏🥲 -Caleb
@manojramesh4598 Жыл бұрын
@@backstagewithmillionaireswhy "🥲"? Another thing, I want to hear ur story since childhood, ambition, ur life story and goals, i wanted that video
@prakadox Жыл бұрын
Good discussion. Obviously not the last word on the topic. For Caleb's mentioned issues, I believe the CBDC is one solution for his problem. The CBDC will have to be made backward compatible with UPI QR codes, though. Wallets where you can load some money in are also another solution. So, we're looking at kiosks in airports taking in foreign currency and transferring INR equivalents, if CBDC into the CBDC app, if wallets from Paytm, PhonePe, Airtel or Jio, into their wallets. I really want BWM to do a comparison with Brazil's Pix as well. Apparently it is a very good tech stack and has the potential to compete with UPI.
@alifepenneddown Жыл бұрын
With new services like subscription and EMI payments via UPI, I don't see any roadblock in scaling this. Also when they say UPI architecture, I don't think they mean that servers in India OR RBI's existing infra needs to handle all of it. It is about protocols and standardisation of checks and balances that will allow people to transfer money that conveniently - that's powerful!
@francisaranha1396 Жыл бұрын
Now foreigners can use UPI, like as soon as they enter in airport, they can buy a sim and setup UPI and transfer their money into it. (Though its wallet styled) but it does the job of fast and instant payments… Need more marketing though…
@Resilient__19 Жыл бұрын
It's a really good interview i think india should be the next digital infrastructure and payment method for the whole world. I really like the one idea foreigner who can easily pay UPI global. I would like to see that happen in coming years
@ashugonda Жыл бұрын
Well great to see OPTIMISTIC vs REALISTIC approach debate, both are important like Ying and Yang.
@rishika9839 Жыл бұрын
I totally agree when pankaj said 'upi payment in happening in remoted villages of India'....I have been to my home state Bihar and I was in small village near muzzaffarpur called Narhan which have population not more than even 800...every shops of this village has qr code of upi payment even vegetable seller in mandi or roadside...each and every shop accept upi....I don't have to go with cash anywhere...I have my phone and I am good to go for shopping...
@iAmBipinPaul Жыл бұрын
UPI is not yet available in Nepal. It will probably be similar to other countries. Recently, NPCI and NCHL signed an MOU for cross-border payment. The initial deal that was signed between NPCI and a Nepali private company seems dead to me. Instead, the deal signed with NCHL, which is equivalent to NPCI, will go ahead. NCHL has a UPI-like service called ConnectIPS. It is not as user-friendly as UPI, but it is improving day by day.
@Sumitkumaar0999 Жыл бұрын
😡😡😡😡 WHAT IS DOING YOUR GOVERNMENT
@obito4203 Жыл бұрын
Nepal already have real time payment with QR code - Fonepay and of course ConnectIPS! What UPI will solve for us Nepalese? Nothing.. Indian travelling Nepal can use it not us Nepalese. As a Nepali, biggest payment problem is international payment not domestic.
@iAmBipinPaul Жыл бұрын
@@obito4203 I guess as per NCHL and NPCI MOU it will allow cross boarder payment between Nepal and India. It's much better these days with Dollar Prepaid card.
@Aditya-ok3my Жыл бұрын
Glad you pointed this out because he was dodging that question.
@LonelyRacoon Жыл бұрын
@@obito4203 True. I use fonepay everyday and I don't understand what is so "revolutionary" about UPI. Its a good technology but TBH, its not an original idea or it does it do something really different from other companies.
@iArpanMishra8 ай бұрын
Awesome analysis!
@riteshkandula9745 Жыл бұрын
Upi should tie with popular and trusted outside banks so that foreigners can make UPI transactions
@AdityaBhave. Жыл бұрын
That was very insightful bros 💯Cheers👍
@arYadav-eh9hj6 ай бұрын
Your loving from Rasia
@proapex3926 Жыл бұрын
Informative video thanks
@gargeyraut2514 Жыл бұрын
Sirlanka is also using UPI and adopted UPI.
@IshaanDesai-u6y9 ай бұрын
BwM debates are absolutely fantastic hoping to see many many more!!
@poragdyutidas8915 Жыл бұрын
These Debates are really insightful 🎉🎉
@tanmaypatra9455 Жыл бұрын
Very well explained !
@rakeshrai69289 ай бұрын
What a discussion, so good to hear.
@alok3009 Жыл бұрын
This was a good debate ! Appreciate the negative points surrounding UPI which i wasn't aware
@RaviKumar-cm1qo Жыл бұрын
Great discussion, we should not get struck with our current success. Wings should not get clipped with bureaucrats redtape.
@rahulkumar-oh8ds Жыл бұрын
Super informative videos.. awesome 👍.. thank u
@bhavikmahanot2768 Жыл бұрын
Been following BwM since they had 12k subs. Love your vids and very knowledgeable.
@jacky3727 Жыл бұрын
I can't wait to see India 🇮🇳 as a first cashless country ❤ Imagine if we don't need Data or Net to operate or transact money in UPI. It will be the another revolution
@vira13408 ай бұрын
Excellent video. We must take the suggestions given to make UPI widely available globally to citizens of all countries. This will enable us to compete globally and not be held hostage by foreign companies or governments.
@PadmaRaoShastry Жыл бұрын
The point about foreign tourists not being able to use services in India due to not being able to set up their UPI is well taken. But i think the solution to that is also available already. The wallet system set up earlier by Paytm etc can be used by the UPI system, i feel, for use by those who don't have Indian Bank accounts etc. Don't know the tech challenges, of course, but seems like wallets could be incorporated into UPI
@prakadox Жыл бұрын
Wallets is one solution. The newly launched CBDC is another. CBDC has to be made backward compatible and usable on current UPI QR codes. After all, it is the equivalent of putting cash into someone else's account.
@nikhilverma2647 Жыл бұрын
UPI is available for tourists as well now. They can set it up at airports. You can Google or utube it. Not sure how many airports have it for now.
@peak-naik Жыл бұрын
The way there Dubai Government just offers sim with 150mb free data at Airport when landing is just amazing. India would do something very similar. Give a temporary sim loaded with UPI ID. Do a Netbanking transfer from home account and allow them to use UPI.
@AmitChotaliya Жыл бұрын
I think UPI Lite will help achieving this. Because It does not require to communicate with payers bank account to send money. It will take some time though because currently the limit is only 2000 rs
@-rate6326 Жыл бұрын
I think it happens. I saw a video about it on KZbin. Search "UPI for foreign travelers in India"
@nandiniv Жыл бұрын
such a well made and comprehensive video!
@genesis9chaos Жыл бұрын
What needs to be done is make UPI available to NRI first who have account in India but linked to international number. GoI supposedly allowed it about 6 months ago, but no apps support it. I had a very difficult time in my India visit as most shops dont accept international credit card including most gas stations and i couldnt use UPI.
@mohitsingla2628 Жыл бұрын
Your content is good
@backbencher304 Жыл бұрын
He suggested good solution as UPI GLOBAL we need to do this to make UPI international much faster
@BarunKumar-v6t8 ай бұрын
You don't need bank account. You can recharge your wallet and use it if you are foreigner.
@prakyathshetty1847 Жыл бұрын
Thats a healthy discussion with good benifits. Yes Indias digital payment is of smooth transaction between people around the world rather than US & chin untrustfull payment with data leakers. The next thing. Its a trust u need - thats INDIA for you.
@MCBC_5 Жыл бұрын
Good one, the Canadian however must be used to a few banks and telecoms monopolizing the market and charging super high charges back home. 😀 This UPI is a different model where the Government provides the infra and the private citizen pays back by using the infra.
@tekgameryt750 Жыл бұрын
UPI 🧡🤍💚 Jai Hind.. Jai Bharat 🇮🇳🇮🇳 Vande-Mataram 🇮🇳🇮🇳
@_Lalit_ Жыл бұрын
Recently my uncle came from Singapore to visit and we had much trouble pulling cash from an atm since we had no other way of transferring money as even neft didn't work... If only UPI would work with an overseas bank...😢
@train_xc8 ай бұрын
Swift works India-SG transfers
@Beerus-op_7040 Жыл бұрын
I love you brother ❤ from 🇮🇳🙏❤
@francisp9509 Жыл бұрын
Both the boys explained things very clearly.
@pathakvighnesh1681 Жыл бұрын
Neither black not white analysis.only raw truth ❤❤😊😊
@Aditya_Prabhune Жыл бұрын
I'm currently in Nepal and I haven't seen any push whatsoever or even an advertisement or awareness campaign in regards to payment with UPI. On aper it might have happened but, on ground it's far from the truth!😢
@backstagewithmillionaires Жыл бұрын
Sorry to hear that Aditya, I hope it happens soon, UPI is awesome. -Caleb
@jaibholenath69007 ай бұрын
Nepal is in Xinese orbit. Doubt if Bharat would extend UPI in Nepal
@vijaysharanski9546 Жыл бұрын
Wonderful.
@manojrajagopalanb Жыл бұрын
If i am not wrong i have seen in airport a counter when foreigners coming to india exchange money they have an option to get cash or get a temporary upi id from where they can use the cash, hope this answers the future prediction question the guys where talking about
@amritsingh0 Жыл бұрын
great conversation
@Nidhin2690 Жыл бұрын
accessibility to upi for foreign tourist using their home bank accounts is now available i think u guys are unaware about it during the speech in US congress PMOI mentioned about it
@backstagewithmillionaires Жыл бұрын
This is awesome! I need to figure out how to set this up for myself. -Caleb
@barryobrien1890 Жыл бұрын
@@backstagewithmillionaireshave you tried Wise. It's almost free and only takes a few minutes to transfer up to $500,000 to any Indian bank a/c from any bank account outside India. There are a couple of other ones but this is what I use.
@sinha.ashish Жыл бұрын
Great discussion 👏
@marrisurender6137Ай бұрын
Well done India I appreciate for good work by govt of India 🎉🎉🎉
@riteshgarg3176 Жыл бұрын
But what about the costs involved in managing UPI ? As it is the govt. which is absorbing the running costs for now
@vissapragadasatyanarayana27508 ай бұрын
Jandhan accounts and introduction UPI made all the difference.
@thianesh9097 Жыл бұрын
While visa/master take 2% to 5% from merchant for facilitating the service. UPI sends everything to merchant. Govt introduced RuPay to stop visa/master taking money out. Visa/Master take merchant money even in US. Even US and other countries should create similar govt transaction platform to get rid of these merchant cuts. It is just not worth the price.
@aleenaprasannan2146 Жыл бұрын
I can to know that in US, they even keep their public fund for the functioning of government in private banks. US banking has been entirely consumed by private entities. I don't think they'll let that control go
@tarunendrasingh4779 Жыл бұрын
India has started services for international travelers at airports and banks to setup UPI account and app and also transfer money to that account.
@go_epic Жыл бұрын
Loved the vedio but please dont include Mr.Tata when mentioning arabpatis because i think they have done more for the country than the ministers did for us in some cases! Thankyou Anyway nice vedio keep it up
@RuhaVed Жыл бұрын
U both were too good to explore all imp points 🙏🏼🙏🏼🙏🏼
@akash_bardhan Жыл бұрын
Guys you have done a great discussion 👍
@kgh7572 Жыл бұрын
UPI is a great tool for mankind service
@paxstanisnorthwestindia6723 Жыл бұрын
Very good dialogues. 😊
@abhishekdadhich4072 Жыл бұрын
30:42 Bharat Book ---- JIO Book is first step in this regard............. like the comment if you agree
@snipebuddy Жыл бұрын
jio phone and lava phone
@shankar43309 ай бұрын
Other countries like Canada has this for a while. But a commendable job by India in making it widely accepted in a population with high economic parity
@RajeshBeniwal009 Жыл бұрын
Yes you are somewhat correct. What I see is that GoI should share this platform with these countries who do not have the platform from Government end. And by this asking these govt to promote these platforms their countries. One option should be there is UPI global in which you can pay anyone in the world who are using the UPI platform. There should also be display of real time conversion of the currency. And you can link any bank account of those countries whose government is using UPI platform. I think next govt will be Sri Lankan government who will completely integrate this platform in its country
@simantadas630210 ай бұрын
Good and informative
@muhammed_ajwad Жыл бұрын
Nice work.
@srs.r6354 Жыл бұрын
Nice content brooo❤❤❤❤
@gejjalliharsha2070 Жыл бұрын
Loved the entire talk
@vasugupta3531 Жыл бұрын
You did make a long explainer but there was nothing that I didn't already knew.
@kashni Жыл бұрын
Its a very good discussion and analysis. why is UPI not available for NRI or foreigner who doesn't have India mobile number or Indian account. I can go to forex agent and convert foreign currency to indian currency. But using the digital app why cant I do the same which is to link my foreign account, make payment and convert to local currency. I would hope this is more technological challenge to talk to international banks in real time, rather than any bureaucratic challenge. May be HDFC or Axis bank or CRED some one is listening and already working in this space , I hope for this to happen in the next few years
@siddhantkumar6340 Жыл бұрын
Good coverage, solid points from both sides,
@whatthedeuce Жыл бұрын
Also UPI can't go global without the cooperation of the other country. That's why it's happening on a bilateral basis. And the ability for foreigners to use UPI in India already exists to people from these partner countries. It is in the pilot stages. It's not full fledged yet. It will be available across India soon. Right now it's only possible to do avail that from a few airports.
@sridhar-natuva Жыл бұрын
Thinking about future of payments., definitely UPI has very promising technology.. if some COVID19 virus again hits the world, you still able to pay other without shaking hands or putting a card near to pos machine. Definitely world needs to upgrade to any technology that is as equal as UPI or UPI itself. India has a product in hand which is easy for Indian government to share the product with world.
@hariharancr2369 Жыл бұрын
Useful information
@digantagaguly10 ай бұрын
Realty Indian UPI digital used $1.4 trillion dollars transaction done
@AbhishekKumar-yd7ls Жыл бұрын
I work in NPCI . iupi(international upi) is on the way guys. cheers
@sanjaykumar-un2ed Жыл бұрын
Good work
@gowsiksrini66986 ай бұрын
UPI main motive was financial inclusion and real time payment was a secondary feature but later as time progressed it became the main feature from public point of view but from govt motive was financial inclusion.. So as for global impact , lesser developed countries will adopt UPI for financial inclusion motive and developed countries in Europe will mostly adopt UPI for real time payment and may charge commission fee there where financial inclusion is achieved at reasonable rate