'March to independence': Christine Lagarde wants EU to ditch Visa, Mastercard for own platform - “Vi

[human1234]

'March to independence': Christine Lagarde wants EU to ditch Visa, Mastercard for own platform - “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies. We should make sure there is a European offer.”

 

https://www.reddit.com/r/BuyFromEU/s/Ua5uiYEeKG

[MACH]

25 minutes ago, human1234 said:

'March to independence': Christine Lagarde wants EU to ditch Visa, Mastercard for own platform - “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies. We should make sure there is a European offer.”

 

https://www.reddit.com/r/BuyFromEU/s/Ua5uiYEeKG

Idhi gani implement cheste racha rache 

[Hitman]

 It’s easy right? Didn’t developing country INDIA successfully implemented this in record time and record scale? Almost 1 billion users using Mobile payment apps, just got implemented in 5 years 

[Redarya]

14 minutes ago, Hitman said:

 It’s easy right? Didn’t developing country INDIA successfully implemented this in record time and record scale? Almost 1 billion users using Mobile payment apps, just got implemented in 5 years 

GPay vadutunnaru. Adi veedide kada?

[american_desi]

21 minutes ago, Hitman said:

 It’s easy right? Didn’t developing country INDIA successfully implemented this in record time and record scale? Almost 1 billion users using Mobile payment apps, just got implemented in 5 years 

Russia has its own version Mir payment system 

India has RuPay

China  has UnionPay ( they process by value more transactions than visa and master card combined since 2015 although more than 95 percent of them are in China ) 

Japan has JCB

Obviously not so difficult to implement a similar system in EU.

Trumps obsession with tariffs is destroying some of the best markets for American industry ( Canada , UK and Europe).

it doesn't make sense when he treats long time  allies ( Canada , EU etc) like enemies and long time adversaries like Russia as if it's an Ally.

 

 

[yslokesh]

40 minutes ago, Hitman said:

 It’s easy right? Didn’t developing country INDIA successfully implemented this in record time and record scale? Almost 1 billion users using Mobile payment apps, just got implemented in 5 years 

India tho comparision yeemundhi le anna...adoka pedda chettha butta..

here the relationship between EU and USA is like that of fish & water for over 70 years ( from WW-2).

If you look at conversion rates between USD <-> GBP <-> EURO... they can be converted amongst themselves with nearly ZERO commission rates..all you need to have is a Visa/Master card from Uk to roam around entire EU & USA.

 

okka saari idhi try cheyyu:

INR <-> Dubai AED

or INR <-> USD or any advanced economy ... tears will come down for Indian users.

[paaparao]

1 hour ago, Hitman said:

 It’s easy right? Didn’t developing country INDIA successfully implemented this in record time and record scale? Almost 1 billion users using Mobile payment apps, just got implemented in 5 years 

nope. see india govt pushed UPI payment system saying it is free and instant. but it has lot of costs that were taken toll on india govt. they spent almost 4000 Cr annually where they paid to banks instead banks charging customer for those transactions. it went for 6 years. now they can't bear it anymore. so they pushing all those charges to customer.

every upi swipe costs 6 Rs now minimum. 

Visa issue also became big as India digital policy pushed all banks and merchants to UPI and Rupay card. so VISA complained to US govt now trump put reciprocal tariffs exactly because of iindia partiality.

india IT exports are valued at $200 billion dollars. because of that, Trump targetting india with tariffs to make india remove any restrictions.

[Hitman]

1 minute ago, paaparao said:

nope. see india govt pushed UPI payment system saying it is free and instant. but it has lot of costs that were taken toll on india govt. they spent almost 4000 Cr annually where they paid to banks instead banks charging customer for those transactions. it went for 6 years. now they can't bear it anymore. so they pushing all those charges to customer.

every upi swipe costs 6 Rs now minimum. 

It will be difficult for small petty traders. May be they should start like a monthly feee or for bigger businesses who make more than xxx per day.. etc 

[paaparao]

2 minutes ago, Hitman said:

It will be difficult for small petty traders. May be they should start like a monthly feee or for bigger businesses who make more than xxx per day.. etc 

the moment govt. introduced these fees already customers started going back to cash. 

[Hitman]

13 minutes ago, paaparao said:

the moment govt. introduced these fees already customers started going back to cash. 

Hmmm ఇదే problem ఇండియా లో 

[Gorantlamdhav]

2 hours ago, Redarya said:

GPay vadutunnaru. Adi veedide kada?

it’s just UI

all of theses apps call single backend api called upi system 

you can write your own app in a day 

[human1234]

1 hour ago, paaparao said:

nope. see india govt pushed UPI payment system saying it is free and instant. but it has lot of costs that were taken toll on india govt. they spent almost 4000 Cr annually where they paid to banks instead banks charging customer for those transactions. it went for 6 years. now they can't bear it anymore. so they pushing all those charges to customer.

every upi swipe costs 6 Rs now minimum. 

Visa issue also became big as India digital policy pushed all banks and merchants to UPI and Rupay card. so VISA complained to US govt now trump put reciprocal tariffs exactly because of iindia partiality.

india IT exports are valued at $200 billion dollars. because of that, Trump targetting india with tariffs to make india remove any restrictions.

 

[Marsmangalodu]

1 hour ago, paaparao said:

nope. see india govt pushed UPI payment system saying it is free and instant. but it has lot of costs that were taken toll on india govt. they spent almost 4000 Cr annually where they paid to banks instead banks charging customer for those transactions. it went for 6 years. now they can't bear it anymore. so they pushing all those charges to customer.

every upi swipe costs 6 Rs now minimum. 

Visa issue also became big as India digital policy pushed all banks and merchants to UPI and Rupay card. so VISA complained to US govt now trump put reciprocal tariffs exactly because of iindia partiality.

india IT exports are valued at $200 billion dollars. because of that, Trump targetting india with tariffs to make india remove any restrictions.

Upi charges kaadu avi atm charges...upi is free..6rs pedithe evadu vaadadu upi

[Android_Halwa]

3 hours ago, paaparao said:

india IT exports are valued at $200 billion dollars. because of that, Trump targetting india with tariffs to make india remove any restrictions.

Services are excluded from reciprocal tariifs. Only goods are included for now…

[Android_Halwa]

For payment settlements, EU uses SWIFT and heavily reliant on this system.  And for wallets, there are many services in place already like Revolut. 

Visa, Mastercard no avoid cheyamannadi EU peddamma, That doesn’t mean they don’t have an alternate system in place…