this post was submitted on 24 Jul 2023
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190
Fed’s new instant payment system could be trouble for PayPal, Venmo (arstechnica.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed's goal is to connect 9,000 financial institutions nationwide.

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[–] iamak@infosec.pub 4 points 1 year ago (1 children)

UPI is the best mode of payment. I doubt anyone can change my mind.

[–] spiderman@ani.social 2 points 1 year ago (1 children)

UPI and ONDC are two great things that India has. The latter still needs lot's of development and attention though.

[–] iamak@infosec.pub 3 points 1 year ago (1 children)

I would add Digilocker as well. Completed removed my need for a wallet. But it's not as great as these 2

[–] spiderman@ani.social 1 points 1 year ago

yeah they are great but i always tend to carry a government id in the wallet since i kinda don't trust my smartphone's battery life. that goes same for a upi, i use it everyday but i always have a debit card incase if the bank server doesn't work or battery dies out